CVS Corporation January Same Store Sales Increase 9.7%.Business &Retail Editors WOONSOCKET, RI--(BUSINESS WIRE)--Feb. 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 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 for the four weeks ended January 29, 2000 increased 9.7% over the prior year period. Pharmacy same store sales rose 15.1%. January sales were adversely impacted by bad weather conditions across its geographic footprint, and the timing of the flu season. Total pharmacy sales represented 61% of total company sales in January. Total sales for the four-week period ended January 29, 2000 increased 12.8% to $1.420 billion, compared to $1.259 billion in the prior year period. As of January 29, 2000, CVS operated 4,084 stores in 26 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 largest retail provider of prescriptions in the nation. The Company is the No. 1 drugstore chain in the U.S. with stores in the Northeast, Mid-Atlantic, Southeast and Midwest regions of the country. 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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