CVS Corporation Reports 11.3% Increase in January Same Store Sales.WOONSOCKET, R.I.--(BUSINESS WIRE)--Feb. 3, 1999--CVS Corporation (NYSE NYSE See: New York Stock Exchange : 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. ) 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 23, 1999 increased 11.3% over the prior year period. Pharmacy same store sales rose 17.9%. Total pharmacy sales represented 61% of total company sales in January versus 58% in the prior year period. Total sales for the four-week period ended January 23, 1999 increased 14.1% to $1.259 billion, compared to $1.103 billion in the prior year period. CVS is the leading drug store chain in the Northeast, Mid-Atlantic, Southeast and Midwest regions. As of January 23, 1999, CVS operated 4,103 stores in 24 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). . General information about CVS, including corporate background and press releases, is available through CVS' web site at http://www.CVS.com. |
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