Who's Who in the Buildings Market 2006: CVS Corp.

Sept. 7, 2006
The 2006 A List


CVS Corp.
Woonsocket, RI
(888) 607-4287

CVS Corp. is attuned to physician locations: The firm is purported to fill more prescriptions at more drugstores (around 6,205 stores, comprising 53.6 million square feet, in the United States) than any other pharmacy chain. It is also focused on growth. Note the following acquisitions over the past 2 years: 1,260 Eckerd drugstores in 2004, and 700 Albertsons stores (under the Sav-On and Osco names) in 2006. CVS did an excellent job of branding its 2004 acquisitions within 1 year. The same appears to be holding true for the Albertsons purchase.

Its mission to be the easiest pharmacy retailer for customers to use bodes well with its demographic model - an aging population requiring increased use of prescription drugs. Since CVS believes that several markets in the United States are relatively under-stored and need more pharmacies, its growth model is to continue to look for highly visible locations in high-traffic areas. Look for it to get a huge chunk of the retail pharmacy industry, which it believes will double by 2012.

Voice your opinion!

To join the conversation, and become an exclusive member of Buildings, create an account today!

Sponsored Recommendations

Building Better Schools

Download this digital resource to better understand the challenges and opportunities in designing and operating educational facilities for safety, sustainability, and performance...

Tips to Keep Facility Management on Track

How do you plan to fill the knowledge gap as seasoned facility managers retire or leave for new opportunities? Learn about the latest strategies including FM tech innovations ...

The Beauty & Benefits of Biophilic Design in the Built Environment

Biophilic design is a hot trend in design, but what is it and how can building professionals incorporate these strategies for the benefits of occupants? This eHandbook offers ...

The Benefits of Migrating from Analog to DMR Two-Way Radios

Are you still using analog two-way radios? Download this white paper and discover the simple and cost-effective migration path to digital DMR radios that deliver improved audio...