|CVS Announces Plans to Enter New Markets: Chicago, IL, Ft. Lauderdale, FL & Orlando, FL|
WOONSOCKET, R.I.--(BUSINESS WIRE)--May 24, 2000--CVS Corporation (NYSE:CVS) announced that it will enter three new U.S. drugstore markets in the year 2001: Chicago, Illinois, Fort Lauderdale, Florida and Orlando, Florida. Chicago is the #1 U.S. drugstore market, Fort Lauderdale is 19th and Orlando is 29th in terms of total drugstore sales.
"Our entry into Chicago is a natural fit -- CVS is the nation's largest pharmacy and Chicago is the largest drugstore market in the country. We look forward to doing business there next year," said Tom Ryan, Chairman and CEO of CVS. "Our expansion into Fort Lauderdale and Orlando is part of our continued efforts to grow our business within the Florida market."
CVS/pharmacy is the nation's largest retail provider of prescriptions. The Company is the number one drugstore chain in the U.S., with approximately 4,100 stores in the Northeast, Mid-Atlantic, Southeast and Midwest regions of the country. General information about CVS, including corporate background and press releases, is available at CVS's web site at www.cvs.com.
CONTACT: CVS Corporation CVS Corporation Investor Contact: Media Contact: Nancy Christal Mike DeAngelis (914) 722-4704 (401) 770-2645