CVS Corp. Reports Industry-Leading July Same Store Sales, Up 10.6%.Business Editors WOONSOCKET, R.I.--(BUSINESS WIRE)--Aug. 8, 2000 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. Corporation (NYSE NYSE See: New York Stock Exchange : CVS) today announced that July same store sales Same Store Sales A statistic used in retail industry analysis. It compares sales of stores that have been open for a year or more. Notes: This statistic allows investors to determine what portion of new sales has come from sales growth and what portion from the opening of led the industry, increasing 10.6%, while pharmacy same store sales rose 16.3%. These strong July results followed CVS' robust second quarter same store sales, which not only led the industry but were among the highest in all of retail. Total sales for the four-week period ended July 29, 2000 increased 11.7% to $1.465 billion, compared to $1.312 billion in the prior year period. Total pharmacy sales represented 62% of total company sales in July. Year-to-date, same store sales for the thirty-week period ended July 29, 2000 increased 10.5% over the prior year period, while pharmacy same store sales increased 16.8%. Total sales for the thirty-week period increased 12.4% to $11.148 billion, compared to $9.915 billion in 1999. As of July 29, 2000, CVS operated 4,083 retail and specialty pharmacy stores in 29 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). . CVS is the No. 1 drugstore chain in the U.S. with stores in the Northeast, Mid-Atlantic, Southeast and Midwest regions of the country and the largest retail provider of prescriptions in the nation. General information about CVS is available through the Investor Relations Investor relations The process by which the corporation communicates with its investors. portion of the Company's web site, at http://www.CVS.com. |
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