CVS announces plans to enter Greenville, SC market.WOONSOCKET, R.I.--(BUSINESS WIRE)--Sept. 17, 1996--CVS, one of the nation's leading drugstore chains, today announced that it will enter the greater Greenville, South Carolina
Greenville is a mid-sized city located in the upstate of South Carolina. It is the county seat of Greenville CountyGR6 market in the fall of 1997. "Expansion into new high-growth markets is an important element of CVS' long-term growth strategy," stated Tom Ryan
Tom Ryan (born August 3 1986), who plays under the pseudonym Ogre 2, is a professional gamer from Pickerington, Ohio, USA. , President and Chief Executive Officer. "Greenville is one of the nation's Top 50 drugstore markets and is experiencing considerable population and economic growth. Its population base of 900,000 is growing at a rate that is twice that of the national average, and the region has seen substantial growth from major corporations. The Carolinas offer a natural extension of our position in the Northeast and Mid-Atlantic, and Greenville is well-located between Richmond, Virginia, CVS' southernmost existing market, and Atlanta, Georgia, a new market 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. will enter in October 1996. "We are very excited about the potential of the Greenville market and look forward to both serving local residents and becoming an important part of this dynamic community," Mr. Ryan said. CVS, which operates approximately 1,380 stores in 15 states, is the leading drugstore chain in the Northeast and Middle Atlantic regions with the #1 market share position in 21 of the 29 markets it serves and the #2 position in four others. The Company is the nation's fifth largest drug store chain by volume with annual sales of $4.9 billion in 1995. CVS will emerge as a stand-alone chain drug company later this year, as a result of a strategic restructuring program implemented by CVS' parent company, Melville Corporation (NYSE NYSE See: New York Stock Exchange : MES (Manufacturing Execution Software) Software that provides real time access to plant activities that include equipment, labor, orders and inventory. An MES integrates the data with enterprise resource planning (ERP) systems so that management has complete control of ). Following the spinoff of Melville's footwear businesses, to be known as Footstar, Inc., Melville plans to change its corporate name to CVS Corporation and its trading symbol Trading symbol See: Ticker symbol to "CVS." CONTACT: Investor Contact: Nancy Christal Vice President Investor Relations Investor relations The process by which the corporation communicates with its investors. 914/925-4385 or Media Contact: Jim Fingeroth Wendi Kopsick Kekst and Company 212/593-2655 |
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