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Consumer OTC Drugs

CVS plans 300 store openings annually after Revco acquisition.

This article was originally published in The Tan Sheet

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Executive Summary

CVS PLANS 300 STORE OPENINGS PER YEAR FOLLOWING REVCO ACQUISITION, with the "aggressive" new store program adding to the combined chain's 4,000 locations in 24 states and the District of Columbia, CVS announced Feb. 7. CVS, the surviving chain in the stock-swap merger with Revco, would be the largest U.S. drug store chain in store count and second in revenues, with an estimated $13 bil. for 1997, the company said ("The Tan Sheet" Feb. 3, p. 24).

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