All CVS articles

  • US healthcare giant CVS posted rising sales during its first quarter as the acquisitions of Omnicare and Target pharmacies paid dividends.

    Analysis: CVS acquisition strategy drives first-quarter sales gains


    US healthcare giant CVS posted rising sales during its first quarter as the acquisitions of Omnicare and Target pharmacies paid dividends.

  • Findel is also looking to offload its Kitbag business

    Findel strikes deal to sell Kleeneze to CVSL in £3.6m deal


    Findel has agreed to sell its catalogue retailer Kleeneze to Trillium Pond, a subsidiary of US group CVSL, in a deal valued at £3.6m.

  • News

    Drugstore operator CVS launches iPad app


    Drugstore operator CVS has launched an iPad app that enables customers to explore a virtual 3D CVS/Pharmacy store and shop from their tablet. The app is the first of its kind and incorporates an interactive interface using gesture-based movements. Brian Tilzer, senior vice-president and chief digital officer of CVS/Pharmacy, said: ...

  • News

    CVS purchases pharmacy chain Drogaria Onofre


    US retailer CVS has purchased 44-store pharmacy chain Drogaria Onofre. CVS chief executive Larry Merlo said: “We view Brazil as an attractive market given that healthcare and pharmacy are expected to grow double digits for the next decade. It’s still a highly fragmented market, so we see nice opportunity to ...

  • News

    Drugstore retailer CVS anticipates "solid enterprise growth"


    Drugstore retailer CVS anticipates “solid enterprise growth” for the 2013 financial year, with net revenue growth increasing from 0.75% to 2%. Retail pharmacy net sales growth is expected to be in the 1.25% to 2.5% range, with like-for-like sales gains of 0.25% to 1.5%.

  • News

    Revenue increase for pharmacy retailer CVS


    Pharmacy retailer CVS’s revenues increased 19.9% to $30.8bn (£19bn) for the three months ended March 31. Revenues in the retail pharmacy segment, which operates drugstores, rose 9.9% to $16bn (£9.8bn) while total same-store sales climbed 8.4% as pharmacy sales grew 9.8% and front-store sales increased 5.3% on a same-store basis. ...

  • News

    Drugstore operator CVS plans 25 Beauty 360 store closures


    Drugstore operator CVS plans to close all 25 stores of its fledgling beauty business Beauty 360 by May 19. The Beauty 360 ecommerce business will also cease operations on the same date. CVS director of public relations Erin Pensa said the company “has made the decision to refocus our efforts ...

  • News

    Pharmacy retailer CVS reports group net revenue increase


    Pharmacy retailer CVS has reported group net revenues for the second quarter ended June 30 increased 10.8% to $26.6bn (£16.3bn). Revenues in the pharmacy services and retail pharmacy segments rocketed 23.2% to $14.6bn (£8.9bn) and 3.6% to $14.8bn (£9bn), respectively. Like-for-like sales increased 2% with pharmacy and front store like-for-likes ...

  • News

    CVS revenues up 3.1% to £9.6bn


    Pharmacy retailer CVS has reported revenues in its retail drugstore segment up by 3.1% to $14.9bn (£9.6bn) in its fourth quarter to December 31, as like-for-like sales rose 1.7%. The retailer’s pharmacy benefit management arm, however, experienced a revenue decline of 9.7% due to the termination of several large client ...

  • News

    CVS to roll out Redbox DVD rental kiosks


    Drugstore operator CVS will roll out Coinstar’s automated Redbox DVD rental kiosks at locations across its mainland US, Puerto Rico and Longs Drug outlets in Hawaii. The roll-out, which follows a successful pilot programme, will start this quarter with about 700 installations by the end of this year and is ...

  • News

    CVS Q2 revenues increase by 3.7%


    Drugstore operator CVS reported revenues in the group’s retail pharmacy segment increased 3.7% in the second quarter to $14.3bn (£9.7bn), with total same-store sales increasing 2.1% over the prior year. Pharmacy same-store sales increased 2.9%, helped by continued growth of its Maintenance Choice prescription offer. Front store same-store sales increased ...

  • News

    CVS Caremark and Walgreens still working together


    Following a very public spat last week, CVS Caremark and Walgreens have reached an agreement whereby Walgreens will continue participating in CVS’s Caremark pharmacy benefit management national retail network for existing, new and renewal plans. The companies are not disclosing the financial terms of the new contract.

  • CVS

    CVS strategy pays off as it storms ahead of rivals


    “This is shaping up to be a very good year and we expect an even better 2010.” Such upbeat words have not been heard often in retail this year, but Tom Ryan, chief executive of US pharmacy retailer CVS, has every right to be on a high after turning in ...

  • CV

    CVs: Your most important sales pitch


    A knockout CV is vital but retailers often fail to sell their skills on paper, says Liz Morrell

  • News

    International News - CVS calls for drug import changes


    International News - CVS calls for drug import changes

  • News

    International News - CVS makes it big with Eckerd buy


    International News - CVS makes it big with Eckerd buy

  • News

    INTERNATIONAL NEWS - CVS profits rise 11%


    International News - CVS profits rise 11%

  • News

    International News - CVS catalogue for elderly loyalty card holders


    International News - CVS catalogue for elderly loyalty card holders