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CVS/Pharmacy Converts 146 Revco Stores in Greater Indianapolis Area; CVS brings Indiana Residents Convenience, Value and Service.


INDIANAPOLIS--(BUSINESS WIRE)--May 7, 1998--CVS/pharmacy announces today the conversion of 146 Revco pharmacies This article is a list of major pharmacies (also known as chemists and drugstores) by country. Australia
Pharmacies in Australia are mostly independently-owned by pharmacists, often operated as franchises of retail brands offered by the three major
 in the Greater Indianapolis area. The Indianapolis market conversion represents a major milestone in CVS's plan to convert more than 2,000 Revco stores nationally by the end of 1998. CVS/pharmacy, based in Woonsocket, RI, began converting Revco stores to CVS (1) (Concurrent Versions System) A version control system for Unix that was initially developed as a series of shell scripts in the mid-1980s. CVS maintains the changes between one source code version and another and stores all the changes in one file.  stores after its purchase of the chain in May 1997.

With the Revco conversions, CVS's total Indianapolis area store count is now 146. Statewide, CVS operates 292 stores, making CVS the largest pharmacy pharmacy, art of compounding and dispensing drugs and medication. The term is also applied to an establishment used for such purposes. Until modern times medication was prepared and dispensed by the physician himself. In the 18th cent.  retailer and the number one prescription provider in the state. The company employs approximately 3,700 people in Indianapolis and approximately 6,050 in the state of Indiana. These figures include CVS's Indianapolis Distribution Center, which serves 591 stores throughout Indiana, Illinois, Kentucky, Ohio and Tennessee.

"We're delighted to announce the Revco conversions in Indianapolis, where customers are already responding enthusiastically to what CVS has to offer," says Thomas Ryan Thomas Ryan may refer to:
  • Thomas Fortune Ryan (1851–1928), U.S. businessman
  • Thomas V. Ryan, Entrepreneur In Residence at Bessemer Venture Partners
  • T. J.
, CVS/pharmacy president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . "Indianapolis area residents are excited about the high quality service, broad merchandise selection and everyday low prices that have made CVS/pharmacy a market leader in the Northeast and Mid-Atlantic markets."

CVS will continue to upgrade store locations throughout the year. "We have plans to relocate re·lo·cate  
v. re·lo·cat·ed, re·lo·cat·ing, re·lo·cates

v.tr.
To move to or establish in a new place: relocated the business.

v.intr.
 several existing stores to more convenient and easily accessible locations. These stores will feature our prototype design with drive-through pharmacies," says Ryan.

While Indianapolis area consumers are experiencing a change in the pharmacy retail landscape, one thing they can look forward to is seeing familiar faces at the checkout and pharmacy counters. "We are pleased to have retained the majority of employees since the acquisition," says Ryan. "We felt strongly about creating a positive transition for everyone and wanted to communicate to the former Revco employees that we valued their years of experience and existing community relationships."

And as faces remain the same, customers are experiencing CVS/pharmacy's contemporary features such as wider shopping aisles, brighter lights, clearly visible in-store signage to make locating products easier, and CVS's signature wall-to-wall carpeting for a comfortable and quiet shopping experience. Customers are also enjoying the CVS Gold Emblem brand, CVS's high quality private label merchandise. These products include health and beauty and over the counter merchandise as well as convenience food, beverage and stationery The term for boilerplate in the Eudora mail client, starting with Version 3.0. Stationery files are stored on disk and brought into new messages or added to replies. See boilerplate.  items.

CVS/pharmacy is the leading drug store chain in the Northeast, Mid-Atlantic, Southeast and Midwest. The company operates approximately 4,000 stores in 25 states and the District of Columbia District of Columbia, federal district (2000 pop. 572,059, a 5.7% decrease in population since the 1990 census), 69 sq mi (179 sq km), on the east bank of the Potomac River, coextensive with the city of Washington, D.C. (the capital of the United States).  with expected 1998 annual revenues of more than $15 billion and dispenses 12% of all retail prescriptions in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . CVS/pharmacy, with a focus on customer service, seeks to provide customers with "Care that touches everyone...one at a time."

CONTACT: CVS Corporation CVS/pharmacy

Investor Contact Media Contact

Nancy Christal Fred McGrail

914-722-4707 401-765-1500 x4630
COPYRIGHT 1998 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1998, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:May 7, 1998
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