CVS plans 300 store openings annually after Revco acquisition.
This article was originally published in The Rose Sheet
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 chain in store count and second in revenue, with an estimated $13 bil. for 1997, the drug chain said ("The Rose Sheet" Feb. 3, p. 14). Walgreen's is first in revenue.