CVS to Completely Shut Down Hearing Business Across the US
With more than 440 Hearing Aid Centers in the U.S. and more than 560 worldwide, Costco dominates big-box hearing aid retailing. Their proven business model leverages extremely low cost of goods, near-zero marketing costs and the positive brand reputation of Costco to offer the latest high-quality hearing devices at extremely low prices. Given its double-digit…
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Is CVS Looking to Take on Costco Hearing Aid Centers? Company to Add Dozens of Hearing Clinics to Stores Across US
WOONSOCKET, RHODE ISLAND — CVS Pharmacy, the largest pharmacy chain the US, announced in April that the company is looking to massively expand the number of hearing centers it has across the country. The company currently has a handful of hearing centers in select markets, which it launched in 2015, and it is now looking to…
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Sivantos Experiences Double-digit Growth
Sivantos reported their 2015 financial numbers for fiscal year (FY) 2015 earlier this week and the report highlights 10% organic growth for FY 2015 that ended September 30th. According to a recent European analysist report for the hearing aid industry Sivantos and ReSound have been the fastest growing manufacturers in the hearing aid industry for…
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Update: CVS, Second Largest US Pharmacy Chain, to Open Hearing Centers
WOONSOCKET, RHODE ISLAND — In an October 5th press release CVS announced it will be opening Hearing Centers at seven CVS/pharmacy locations in the Dallas and Cleveland areas. According to another statement, the CVS Hearing Centers will be open Tuesdays to Saturdays and be staffed by licensed audiologists and hearing instrument specialists. In addition the…
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