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How did retail drug chains fare this holiday season? Walgreens spokesman Michael Polzin said, "December monthly sales were up 14.4%, and same-store sales were up 8%. Christmas wasn't quite as [...]

Back-to-school is the second-most important promotional event for mass market retailers, runner-up only to Christmas. This year, the promotion, along with the lives of all Americans, was horribly disrupted by [...]

NEW YORK (Reuters) -- Rite Aid Corp., the No. 3 U.S. drugstore chain, said recently its fiscal second-quarter loss narrowed from a year ago, when it was saddled with huge [...]

WOONSOCKET, R.I. -- Although CVS filled nearly 80 million prescriptions in the second quarter, more than any other retailer in the United States, chairman, president and chief executive officer Tom [...]

ATLANTA -- Drug chains are girding for what could be a difficult second half, after reporting a weakening in sales and profit growth in recent months. And no one is [...]

With Snyder's acquisition of Drug Emporium in 2001, the chain drug industry is led by eight billion-dollar-plus retailers. Chain Drug Store sales climbed to $98.2 billion in 2000; however, competition [...]

2 CVS continued its unbroken streak of meeting or beating Wall Street earnings projections in 2000--a practice that stretches back 17 consecutive fiscal quarters since the chain's rebirth as a [...]

WOONSOCKET, R.I.--Buoyed by a onetime gain and solid operating results, CVS posted a 30.5% increase in net income for the three months that ended September 30. Third quarter net income [...]

WOONSOCKET, R.I. -- Wall Street responded in kind to news that CVS's third quarter earnings had beaten its own expectations by a penny a share--an increase of some 20 percent [...]

SCOREBOARD Net Quarter Dollar % Income RETAILERS Ended Sales Change (Loss) CVS 7/1 4.44bil + 13.3 186.5 mil drugstore.com(1) 7/2 24.6 mil +593.0 (54.7 mil) Ingles Markets 6/24 469.4 mil [...]

WOONSOCKET, R.I. -- For the 14th consecutive fiscal quarter since it stepped out of the shadow of its former corporate parent, CVS reported earnings earlier this month that meet or [...]

WOONSOCKET, R.I. -- What a difference a decade can make in the life of a national drug chain. For proof, look no further than GVS's bottom line. Last year the [...]

US drugstore chain CVS Carp, a member of the Worldwide Retail Exchange, reported a 9.2% rise in sales in the five weeks ended 1 April, compared with the corresponding period [...]

Chain drug stocks Current Previous close close Net % 52-week 3/21/00 3/7/00 change change high Down Jones Composite Average 3056.27 2751.55 +304.7 +11.1 CVS 37 3/16 28 +9 3/16 +32.8 [...]

WOONSOCKET, R.I. -- CVS.com should be profitable in 2002. Larry Zigerelli, executive vice president of CVS and chairman of CVS.com, made this projection and also told a news service that [...]

WOONSOCKET, R.I. -- Like the bunny in those well-known battery ads, CVS just keeps on rolling. For 12 consecutive quarters, which is every reporting period since the chain's spinoff from [...]

WOONSOCKET, R.I. -- The news of the end of another record-setting fiscal quarter for CVS was met last month with a curious response from Wall Street. The day the chain [...]

Wall Street has given hearty reviews to CVS's early moves as a stand-alone public company, but now it's expecting continued growth and success in the next act. These high expectations [...]

For Kate Shattuck, vice president and purchasing manager for pharmaceuticals at CVS, the means to negotiate success fully today's volatile pharmacy landscape comes down to a basic premise--and brilliant execution. [...]

The numbers tell it all. When CVS closed the book on fiscal year 1998, it was clear the pharmacy business was booming. With a double-digit gain, prescription sales edged out [...]

The $100 billion dollar mark has been broken. In 1998, 39,355 chain and independent drug stores racked up a record $105.7 billion in sales, a 7.7 increase over 1997's performance. [...]

WOONSOCKET, R.I. -- CVS reported record-breaking fourth quarter and year-end results for fiscal 1997, on the very day the company stood the industry on its ear by picking up the [...]

For CVS, the future comes down to two key words: customer-easy. Every major program the chain has focused on in the last few years; every initiative it is working on [...]

WOONSOCKET, R.I.--A better-than-expected fourth-quarter cash flow position allowed CVS' real estate development team to put a few in the bank, in a manner of speaking. CVS managed to generate $398 [...]

WOONSOCKET, R.I. -- And the beat goes on in the turnaround CVS began about one year ago. Despite continued earnings pressure from the shift in its revenue mix from front [...]

WOONSOCKET, R.I. - CVS Corp. registered major increases in sales and earnings from continuing operations during its first full year as a stand-alone entity. The results for the year ended [...]

Chuck Conaway, executive vice president and chief financial officer of CVS, and the staff in CVS's finance department have spent the better part of the last year completing what Conaway [...]

RYE, N.Y. - As it moves forward with the previously announced program that will ultimately dismantle its organization into three independent, public retail companies, Melville Corp. disclosed that its top-performing [...]

WOONSOCKET, R.I. -- CVS generated record sales and operating profits for the year ended Dec. 31, 1995 amidst a restructuring at its parent company, Melville Corp. Before special charges, operating [...]

CVS posts impressive results WOONSOCKET, R.I.--An aggressive store-opening agenda, an impressive sales increase and an outstanding earnings gain served to underline again what everyone in the chain drug world has [...]

Las Vegas is shaping up as a good bet for CVS. The chain says its new store on Las Vegas Boulevard is tracking at about $11 million a [...]

CVS has taken some heat recently from certain members of the analyst community for its investments in promotional spending, that the hit it is putting on its gross margins muddies [...]

Top 100 drug chains by dollar volume Walgreens (Deerfield, III.) $24.6 bil. CVS (Woonsocket, R.I.) 22.2 bil. Albertson's (Boise, Idaho) 17.9 bi1. (1) Rite Aid (Camp Hill, Pa.) 15.1 bil. [...]

On the heels of a 22% drop in third-quarter earnings compared to the previous year, CVS will close 200 stores, about 5% of its base of 4,100 units, and its [...]

WOONSOCKET, R.I. -- CVS's net sales totaled more than $15.2 billion last year--an increase of 11.1 percent over its $13.7-plus billion performance it recorded in fiscal 1997. Same-store sales climbed [...]

NEW YORK -- With the rampant consolidation in the chain drugstore business, four chains -- Walgreens, CVS, Rite Aid and Eckerd -- now control more than half the sales volume [...]

WOONSOCKET, R.I. -- As it prepared to follow last year's blockbuster merger with Revco D.S. with the acquisition of Arbor Drugs, CVS Corp. reported record sales and earnings from continuing [...]

WOONSOCKET, R.I. - Melville Corp. reported significant gains in operating and net income from continuing drug store operations during the third quarter, which ended September 28. As a consequence of [...]

Recognizing that CVS was the hidden crown jewel of its retail empire, its parent company Melville Corp. is letting it loose as a separately traded retail company. How appropriate that [...]

WOONSOCKET, R.I. - Record sales and earnings boosted CVS' position as a leader in the chain drug business last year. Thomas Ryan, president and chief executive officer of the retailer [...]

RYE, N.Y.--Melville Corp., aided by what was evidently a solid performance from CVS and the benefits of last year's moves to eliminate underperforming divisions and stores, shaved away much of [...]