Consumer Value Store (CVS)

History

The first CVS store was founded in 1963. CVS is the short form of Consumer Value Store. CVS was sold to Melville Corporation in 1969. CVS grew through increasing sells, acquisitions and setting up new stores across various states of USA. CVS is growing even till date. It is the top pharmacy in Southern California and has enhanced its presence in key Midwest markets. In fact, CVS is one of the leading pharmacy retailer in USA.

Mission

The mission of CVS is: to be the easiest pharmacy for customers to use.

Area of Operation

The businesses of CVS are:

• Pharmacy Counter
• Pharmacy Stores
• Baby & Child Care Products
• Cosmetics
• Diet & Nutrition Products
• Gifts & Specialty Items
• Home Medical Supplies
• Household Items
• Natural Products
• Personal Care & Bath
• Sexual Health Products
• Skin Care Products
• Vitamins & Supplements
• Online Shopping
• Health Resources

Key Statistics

• CVS holds assets of $21.13 billion.
• CVS has made profits of $1.36 billion in 2006.
• CVS operates in 43 states of USA.
• CVS has 114,000 employees.

International Ranking

• The Forbes Magazine ranks CVS 287 in the world.
• CVS ranks 151 in Fortune Global 500 list.

Recent Acquisition

• 2004: CVS completed its acquisition of 1,268 Eckerd Stores and Eckerd Health Services, Eckerd’s PBM/Mail-order pharmacy business.
• 2006: CVS acquired 700 stand-alone Sav-On and Osco drugstores from Albertsons.

Headquarter Address

CVS Corp
One CVS Drive
Woonsocket, RI 02895
Phone: (401) 765-1500
USA
Website URL:www.cvs.com