CVS Pharmacy (sometimes stylized as CVS/pharmacy) is a subsidiary of the American retail and health care company CVS Health, headquartered in Woonsocket, Rhode Island. It was also known as, and originally named, the Consumer Value Store and was founded in Lowell, Massachusetts, in 1963. The chain was owned by its original holding company Melville Corporation since its inception until its current parent company (CVS Health) was spun off into its own company in 1996. CVS Pharmacy is currently the largest pharmacy chain in the United States by number of locations (over 9,600 as of 2016) and total prescription revenue. Its parent company ranks as the 7th largest U.S. corporation by FY2017 revenues in the Fortune 500. The parent company of CVS Pharmacy's leading competitor ranked 19th for the same time period.
CVS sells prescription drugs and a wide assortment of general merchandise, including over-the-counter drugs, beauty products and cosmetics, film and photo finishing services, seasonal merchandise, greeting cards, and convenience foods through their CVS Pharmacy and Longs Drugs retail stores and online through CVS.com. It also provides healthcare services through its more than 1,100 MinuteClinic medical clinics as well as their Diabetes Care Centers. Most of these clinics are located within CVS stores.
A CVS Pharmacy store in Owasso, Oklahoma.
|Consumer Value Stores (1963–1996)|
|Founded||May 8, 1963|
Lowell, Massachusetts, United States
|Headquarters||1 CVS Drive, |
Number of locations
|9,800+ stores (May 2018)|
|Revenue||US$131 billion (2017)|
|US$4.8 billion (2017)|
|US$6.0 billion (2017)|
CVS Health (1996–present)
Number of employees
CVS Pharmacy used to be a subsidiary of Melville Corporation, where its full name was initially Consumer Value Stores. Melville later changed its name to CVS Corporation in 1996 after Melville sold off many of its nonpharmacy stores. The last of its nondrugstore operations were sold in 1997.
During the company's days as a regional chain in the Northeast, many CVS stores did not include pharmacies. Today, the company seldom builds new stores without pharmacies and outside of New England is gradually phasing out any such shops. Any new non-pharmacy store is usually built in a more urban setting where another CVS with a pharmacy exists within walking distance such as downtown Boston or Providence. These stores usually lack a pharmacy and a photo center but carry most of the general merchandise items that a normal CVS Pharmacy carries such as health and beauty items, sundries, and food items.
CVS Pharmacy announced the closure of 70 stores in early 2017; nearly all 70 stores had already been closed by that time.
The CVS name was used for the first time in 1964. That year, they had 17 retail locations, and 40 stores five years later.
In 1967, CVS began operation of its first stores with pharmacy departments, opening locations in Warwick and Cumberland, Rhode Island. CVS was acquired by the now-defunct Melville Corporation in 1969, boosting its growth.
By 1970, CVS operated 100 stores in New England and the Northeast.
In 1972, CVS acquired 84 Clinton Drug and Discount Stores, which introduced CVS to Indiana and the Midwest. By 1974, CVS had 232 stores and sales of $100 million. In 1977, CVS acquired the 36-store New Jersey-based Mack Drug chain.
The chain had more than 400 stores by 1981. Sales reached $1 billion in 1985, partly due to the pharmacies being added to many of CVS's older stores.
In 1980, CVS became the 15th largest pharmacy chain in the U.S., with 408 stores and $414 million in sales. In 1988, CVS celebrated its 25th anniversary, finishing the year with nearly 750 stores and sales of about $1.6 billion.
In 1990, CVS acquired the 490-store Peoples Drug chain from Imasco, which established the company in new mid-Atlantic markets including Washington, D.C., Pennsylvania, Maryland, and Virginia. In 1994, CVS started PharmaCare Management Services. The parent company decided to focus on CVS in 1995, selling off Marshalls and This End Up. The following year, they let go of Footaction/Footstar, Meldisco, Linens 'n' Things, and KB Toys. The company, then decided to change its name from Melville Corporation to CVS Corporation. In 1997, Bob's Stores were also sold, and CVS nearly tripled its 1,400 stores after purchasing the 2,500-store Revco chain. CVS bought 200 Arbor Drugs locations in 1998, opened approximately 180 new stores, closed about 160 stores, and relocated nearly 200 existing stores from strip malls to freestanding locations. In 1999, CVS acquired Soma.com, the first online pharmacy, and renamed it CVS.com. The same year, CVS launched their CVS ProCare Pharmacy for complex drug therapies.
In 1990, CVS bought the 23-store Rix Dunnington chain. In 1993, CVS withdrew from the southern California market. Formerly traded as MVL on the New York Stock Exchange, the company now trades as CVS.
In 2004, CVS purchased 1,268 Eckerd drug stores and Eckerd Health Services, a PBM/mail-order pharmacy business, from J. C. Penney. Most of the former Eckerd stores, which were converted to CVS stores by June, are located in Florida, Texas, and other southern states. Because JCPenney credit cards were accepted at Eckerd locations, CVS continues to accept them as well.
On January 23, 2006, CVS announced that it had agreed to acquire the freestanding drug store operations of supermarket chain Albertsons. The deal included the acquisition of 700 drug stores trading under the Osco Drug and Sav-On Drugs banners, mostly in the midwestern and southwestern United States (with a concentration of stores in southern California and the Chicago area), and was formally completed on June 2, 2006. Transition of Sav-On and Osco stores to the CVS brand was completed by December 2006. CVS now dominates the southern California market. Also included were Albertsons Health'n'Home (now CVS Home Health) durable medical equipment stores. Approximately 28 CVS Home Health locations are present in Arizona, California, and the Kansas City area, representing CVS's first venture into the specialized DME market.
CVS had previously operated stores in southern California but completely withdrew from the market in 1993. CVS sold virtually all of the locations to Sav-On's then owner American Stores, who operated them under the name American Drug Stores. Many of the stores CVS gained in January 2006 had been the stores it owned prior to 1993. Before their re-acquisition, these stores were operated under the name Sav-On Express (the Express name was used to help customers identify these stores that did not carry all the lines of merchandise as compared to the larger, traditional Sav-On Drugs locations). CVS now operates over 6,200 stores in 43 states and the District of Columbia. In some locations, CVS now has two stores less than two blocks apart.
On July 13, 2006, CVS announced that it had entered into a definitive agreement to acquire Minneapolis-based MinuteClinic, the pioneer and largest provider of retail-based health clinics in the U.S. MinuteClinic operates as a wholly owned subsidiary of CVS Corporation. MinuteClinic health care centers are staffed by board-certified nurse practitioners and physician assistants who are trained to diagnose and treat common family illnesses such as throat, ear, eye, sinus, bladder, and bronchial infections, and provide prescriptions when clinically appropriate. MinuteClinic also offers common vaccinations, such as flu shots, tetanus, and Hepatitis A & B. The clinics are supported by physicians who collaborate with the staff. There are over 550 locations across the United States, most of which are within CVS Pharmacy locations.
On November 1, 2006, CVS announced that it was entering into a purchase agreement with Nashville-based Caremark Rx Inc., a pharmacy benefits manager. The new company is called CVS Caremark Corporation and the corporate headquarters remains in Woonsocket, Rhode Island. The new pharmacy services business, including the combined pharmacy benefits management (PBM), specialty pharmacy, and disease management businesses, is headquartered in Nashville, Tennessee. The new CVS Caremark Corporation is expected to achieve about $75 billion in yearly revenue for 2007. The merger was formally completed on March 22, 2007. Tom Ryan, CVS's Chairman and CEO, remains president and CEO of the combined company, while Caremark's President and CEO, Mac Crawford, is Chairman of the Board.
On November 7, 2007, Mac Crawford stepped down as Chairman of the Board for CVS Caremark. He was replaced by President and CEO of CVS Caremark, Tom Ryan.
On August 12, 2008, CVS Pharmacy announced that it would acquire Longs Drugs for $2.9 billion. Walgreens made a counteroffer but dropped it. The deal closed October 30, 2008. Longs Drugs stores outside Hawaii were rebranded to CVS Pharmacy in September 2009.
In 2012, CVS Caremark received 59 percent of Rhode Island's tax credits.
On July 14, 2014, it was announced that CVS Caremark would acquire the Miami-based Navarro Discount Pharmacies when the deal closes, the 33 stores will remain untouched and will stay under the Navarro name.
On September 3, 2014, CVS Caremark changed its name to CVS Health and announced that it would stop selling tobacco products.
On October 25, 2014, CVS Health disabled near field communication NFC payments, disallowing customers from using Apple Pay or Google Wallet payment methods. A reason was not immediately given. Analysts suggested that it was a way to favor the MCX system, which was still under development, and of which CVS was a founding member.
On May 21, 2015, it was announced that CVS Health would acquire Omnicare, Inc. the leading provider of pharmacy services to long term care facilities, for $98.00 per share in cash, for a total enterprise value of approximately $12.7 billion, which includes approximately $2.3 billion in debt. The transaction is expected to close near the end of 2015.
On June 15, 2015, CVS Health announced its agreement to acquire Target Corporation's pharmacy and retail clinic businesses. The deal expanded CVS to new markets in Seattle, Denver, Portland and Salt Lake City. The acquisition includes more than 1,660 pharmacies in 47 states. CVS will operate them through a store-within-a-store format. Target’s nearly 80 clinic locations will be rebranded as MinuteClinic, and CVS plans to open up to 20 new clinics in their stores within three years. CVS started rebranding the pharmacies within the Target stores on February 3, 2016.
In December 2017, CVS Health announced a deal to acquire Aetna. On October 10, 2018, CVS Health received approval from the United States Department of Justice to acquire Aetna, for $69 billion.
CVS no longer owns the soma.com domain name, which it acquired with the purchase of online drugstore pioneer Soma; that domain now resides with the lingerie brand of the same name owned by clothing retailer Chico's.
By 2004, all CVS stores were able to receive electronic prescriptions.
In 2015, CVS Pharmacy launched a unique version of their CVS Pharmacy stores called CVS Pharmacy y mas specifically aimed at attracting Hispanic shoppers. The first stores were launched in Florida and have since expanded to California and Texas.
In 2005, CVS participated in a program to reduce the pollution of Maine's waterways. CVS agreed to accept drugs for disposal so that people would not dispose of them in ways that reach rivers and other bodies of waters.
In 2013, CVS agreed to pay Connecticut $800,000 due to alleged mismanagement of hazardous waste. The Connecticut Department of Energy and Environmental Protection agency found that CVS had improperly identified, managed, and disposed of hazardous materials.
CVS was required to pay the United States government $2.25 million in 2009 for violations of the Health Insurance Portability and Accountability Act of 1996 (HIPAA) Privacy Rule. The U.S. Department of Health and Human Services Office for Civil Rights (OCR) and the Federal Trade Commission (FTC) found that CVS did not appropriately dispose of sensitive patient information or provide the necessary training on disposal to their employees.
Former CVS executives John R. Kramer and Carlos Ortiz were charged with bribery, conspiracy, and fraud (including mail fraud) by a federal grand jury for allegedly paying State Senator John A. Celona (D-RI) to act as a "consultant" for the company. Between February 2000 and September 2003, CVS paid Celona $1,000 a month, and he received tickets to golf outings and sporting events and compensation for travel to Florida and California. In August 2005, he pleaded guilty to mail fraud charges, and in January 2007, he was fined a record $130,000 by the Rhode Island Ethics Committee. The investigation was led by the FBI and the Rhode Island State Police, and the case was prosecuted by Assistant U.S. Attorneys Gerard B. Sullivan and Dulce Donovan. Kramer and Ortiz were acquitted after a jury trial, in May 2008.
During 2005 a rash of prescription mistakes came to light in some of CVS Corporation's Boston-area stores. An investigation confirmed 62 errors or quality problems going back to 2002. In February 2006, the state Board of Pharmacy announced that the non-profit Institute of Safe Medication Practices (ISMP) would monitor all Massachusetts stores for the next two years. Later, a 2007 segment on 20/20 accused CVS, Walgreens and Rite Aid among other pharmacies, of making various prescription dispensing errors. This segment aired in March 2007 and was called "ABC News '20/20' Undercover Pharmacy Investigation." CVS responded by claiming they have designed and invested millions of dollars in a comprehensive quality assurance program.
Texas Attorney General Greg Abbott sued CVS in April 2007, for illegally dumping confidential patient information while closing an acquired Eckerd store in Liberty, Texas. CVS is accused of breaking the 2005 Identity Theft Enforcement and Protection Act. There are also other possible violations under Chapter 35 of the Business and Commerce Code. CVS settled by paying $315,000 to the state and agreeing to overhaul its information security system.
In common with other US pharmacies, CVS originally stocked cigarettes for sale to the public. Some campaigners in the United States advocate the removal of tobacco from pharmacies due to the health risks associated with smoking and the apparent contradiction of selling cigarettes alongside smoking cessation products and asthma medication. CVS and other pharmacies which continued to sell tobacco products have been subject to criticism, and attempts have been made to introduce regional bans on the practice, notably by the City and County of San Francisco.
In 2007, CEO Thomas Ryan stated that the company was considering halting the sale of cigarettes within its pharmacies, acknowledging that the issue was problematic for the company, but had not done so, citing internal market research that discovered ceasing cigarette sales will not change consumer behavior (of buying cigarettes).
In February 2014, CVS announced that it would stop selling cigarettes and other tobacco products at its stores, challenging other retailers to follow its lead. The decision meant the company would forfeit $1.5 billion a year in tobacco revenue. In a videotaped message, CEO Larry J. Merlo said ending tobacco sales "is the right thing to do". On September 3, 2014, CVS officially stopped selling cigarettes in its stores. A Forbes magazine article cited the move to remove tobacco products coincides with CVS's decision to change its corporate name from CVS Caremark to CVS Health. This move reflects “its broader health care commitment” and desire to change the future health of Americans.
CVS Caremark has agreed to a $38.5 million settlement in a multi-state civil deceptive-practices lawsuit against pharmacy benefit manager Caremark filed by 28 attorneys general, the Chicago Tribune reports. The attorneys general, led by Lisa Madigan (D) of Illinois and Douglas Ganslar (D) of Maryland, allege that Caremark "engaged in deceptive business practices" by informing physicians that patients or health plans could save money if patients were switched to certain brand-name prescription drugs (Miller, Chicago Tribune, 2/14).
However, the switch often saved patients and health plans only small amounts or increased their costs, while increasing Caremark's profits, Connecticut Attorney General Richard Blumenthal (D) said (Levick, Hartford Courant, 2/15). Pennsylvania Attorney General Tom Corbett (R) said the PBM kept discounts and rebates that should have been passed on to employers and patients (Levy, AP/San Francisco Chronicle, 2/14). In addition, Caremark did not "adequately inform doctors" of the full financial effect of the switch and did not disclose that the switch would increase Caremark's profits, the lawsuit alleges (Chicago Tribune, 2/14).
...The settlement prohibits Caremark from requesting prescription drug switches in certain cases, such as when the cost to the patient would be higher with the new prescription drug; when the original prescription drug's patent will expire within six months; and when patients were switched from a similar prescription drug within the previous two years (Hartford Courant, 2/15). Patients also have the ability to decline a switch from the prescribed treatment to the prescription offered by the pharmacy under the settlement, Madigan said (Bloomberg News/Philadelphia Inquirer, 2/15).
On October 14, 2010, CVS was ordered to pay $77.6 million in fines and returned profits stemming from a lawsuit alleging improper control in the sale of pseudoephedrine, an ingredient used to make methamphetamine.
In 2011, the DOJ charged that CVS pharmacies in Sanford, Florida, ordered enough painkillers to supply a population eight times its size. Sanford has a population of 53,000 but the supply would support 400,000. According to the Drug Enforcement Administration, in 2010 a single CVS pharmacy in Sanford ordered 1.8 million Oxycodone pills, an average of 137,994 pills a month. Other pharmacy customers in Florida averaged 5,364 oxycodone pills a month. DEA investigators serving a warrant to a CVS pharmacy in Sanford on October 18, 2011, noted that "approximately every third car that came through the drive-thru lane had prescriptions for oxycodone or hydrocodone." According to the DEA, a pharmacist at that location stated to investigators that "her customers often requested certain brands of oxycodone using street slang," an indicator that the drugs were being diverted and not used for legitimate pain management. In response, CVS in a statement issued February 17 in response to opioid trafficking questions from USATODAY said the company is committed to working with the DEA and had taken "significant actions to ensure appropriate dispensing of painkillers in Florida."
In 2013, a Korean customer, Hyun Lee, was identified as "Ching Chong Lee" on her receipt from a CVS in New Jersey. Lee contacted CVS and received an email response saying that the employee would be "counseled and trained." According to Lee's attorney, "[The employee] should have been terminated immediately. She never got an apology. She never got anything further after she complained." On April 16, 2013, Lee filed a federal discrimination lawsuit against CVS and sought $1 million. She settled for an undisclosed sum.
In 2013, CVS introduced a program that rewarded customers up to $50 per year in ExtraCare Bucks in exchange for filling their prescriptions. In order to enroll in the program, customers had to sign a HIPAA waiver acknowledging, "my health information may potentially be re-disclosed and thus is no longer protected by the federal Privacy Rule." Stores had to fulfill a quota of a number of customers in the program each week. Walgreens and Rite Aid also offer rewards for filling prescriptions, although they do not require a signed HIPAA waiver.
In July 2018, the Center for Inquiry filed a lawsuit in the Superior Court of the District of Columbia against CVS for consumer fraud over its sale of homeopathic medicines. According to Nicholas Little, CFI’s Vice President and General Counsel: "... [CVS] have a responsibility to their customers and to the law to make sure that the products are not falsely marketed, and that customers are told what they are: unproven treatments which cannot work under any current understanding of science." CVS responded by describing the lawsuit as "having no merit", and stating that they were "... committed to assuring that the products [CVS] offer are safe, work as intended, comply with regulations and satisfy customers."
On October 25, 2014, CVS disabled NFC (near field communication) payments from the newly-initiated Apple Pay mobile payment system. Apple Pay was officially launched on October 21, 2014, and was available at CVS for the first few days after its launch, allowing customers to make purchases securely using their iPhone 6 and iPhone 6 Plus. This followed the pharmacy chain Rite Aid's similar decision two days earlier. On October 11, 2018, Apple Pay was enabled again at all CVS stores, following an announcement by Tim Cook during Apple's July 31, 2018, earnings call.
On July 17, 2015, CVS shut down its online photo processing services, blaming a third party vendor, believed to be PNI Digital Media. According to reporters, CVS was unwilling to confirm or deny questions about whether hackers had stolen customer photographs as well as data. The site was updated on September 11, 2015, with more details of the attack. By the end of November 2015, the CVS photo website was restored, and customers may order photo services online again.
In April 2018, a transgender woman in Arizona attempted to fill prescriptions for hormone therapy at the CVS in Fountain Hills, Arizona. The pharmacist refused to fill the prescriptions, instead subjecting the woman to loud questioning in front of other customers and pharmacy staff. The pharmacist also refused to return the prescription notes to her or transfer them to another pharmacy. She filed a complaint with CVS, which was not acknowledged. In an email to The Arizona Republic on the day they published the story, CVS apologized to her, stating that the pharmacist had violated company policies and is no longer employed by CVS, and that the incident "does not reflect our values or our commitment to inclusion, nondiscrimination and the delivery of outstanding patient care."
The 2001 NASCAR Busch Series season began February 17 and ended November 10. Kevin Harvick of Richard Childress Racing was champion.Ansley Mall
Ansley Mall is an open-air shopping mall in the Piedmont Heights neighborhood of Atlanta at 1544 Piedmont Avenue at the intersection of Monroe Drive near the Atlanta BeltLine trail.
Ansley opened in 1964, sending Midtown Atlanta's Tenth Street shopping district into decline. The single-level center had 175,300 square feet (16,290 m2) of leasable area and was anchored by a 27,300-square-foot (2,540 m2) Woolworth's variety store and 35,000-square-foot (3,300 m2) Colonial supermarket. The tenant list of the 3.2-million-dollar complex included twenty-six retailers.It was a "twin" of what is now officially called the Crossroads Shopping Center, better known by its name in its heyday, Stewart-Lakewood Center, an open-air shopping center on Metropolitan Parkway (formerly Stewart Avenue) at Langford Parkway (formerly Lakewood Freeway) in the Sylvan Hills neighborhood of southern Atlanta. Stewart-Lakewood was built in 1962 by the same company and in the same style as Ansley and was also considered a major regional retail center.The mall was renovated in 2010, the works carried out by Earthstation.Anchors include Publix supermarket, an LA Fitness gym (popular with the gay community), a CVS Pharmacy and a Pier One. It is owned by Selig. The mall rivals the intersection of 10th and Piedmont a central meeting point for Atlanta's gay community – across Clear Creek is Ansley Square, a strip mall with numerous gay bars.Big B Drugs
Big B, Inc. was a Birmingham, Alabama-based drugstore chain. The company began operation in 1968 as division of Birmingham based Bruno's Supermarkets. Most of its stores were located next to a Bruno's, Food World or FoodMax. Big B also operated a discount drugstore chain called Drugs For Less. The company had close to $800 million in revenue by the end of 1996.
In 1982, Big B was spun off from the Bruno's Supermarkets into an independent company, Big B, Inc., based in Bessemer, Alabama. In 1989, Big B acquired 85 Reed Drug and Lee Drug stores from Peoples Drug, giving them a presence in Atlanta, north Georgia and western Alabama. A few years later, Big B acquired 80 "Treasury Drug" stores from JC Penney's Thrift Drug division. Big B was finally becoming a major drug retailer in the Atlanta area.
In 1996, Big B was acquired by Revco, and within a year Revco was acquired by CVS. By the end of 1997, all Big B Drugs and Revco were operating as CVS/Pharmacy.CVS/pharmacy LPGA Challenge
The CVS/pharmacy LPGA Challenges was a 72-hole golf tournament for professional female golfers that was part of the LPGA Tour from 1996 through 2010. It was played at various sites in Northern California and was managed by the Bruno Event Team. In 2006 the tournament moved to its last location at the Blackhawk Country Club in Danville.
In 1996 the tournament was known as the Twelve Bridges LPGA Classic. Between 1997 and 2008 the title sponsor was Longs Drugs, a drugstore chain headquartered in Walnut Creek and the tournament was known as the Longs Drugs Challenge. In October 2008, CVS/pharmacy completed its purchase of the Longs chain and took over the sponsorship of the tournament, renamed the CVS/pharmacy LPGA Challenge for 2009. CVS sponsored the tournament for two years before dropping its support; the final year was 2010.
Tournament names through the years:
1996: Twelve Bridges LPGA Classic
1997–2008: Longs Drugs Challenge
2009–2010: CVS/pharmacy LPGA ChallengeCVS Health
CVS Health Corporation (previously CVS Corporation or CVS Caremark Corporation) is an American retail pharmacy and health care company headquartered in Woonsocket, Rhode Island. Consumer Value Stores (CVS) began in 1963 with three partners, brothers Stanley and Sidney Goldstein and partner Ralph Hoagland, who grew the venture from a parent company, Mark Steven, Inc., that helped retailers manage their health and beauty aid product lines. The business began as a chain of health and beauty aid stores, but within several years, pharmacies were added. To facilitate growth and expansion, the company joined The Melville Corporation, which managed a string of retail businesses. Following a period of growth in the 1980s and 1990s, CVS Corporation spun off from Melville in 1996, becoming a standalone company trading on the New York Stock Exchange as CVS. It later completed a merger with the pharmacy benefit management company Caremark Rx in 2007 and was renamed CVS Caremark Corporation. The company was renamed CVS Health in 2014 following its decision to remove tobacco products from CVS Pharmacy store shelves. CVS Health's assets include CVS Pharmacy, CVS Caremark, CVS Specialty, and the retail clinic MinuteClinic.
In 2018, it ranked seventh on the Fortune 500 and 17th on the Fortune Global 500 list with $184B in annual revenue. In December 2017, CVS agreed to acquire Aetna for $69 billion.CVS Health Charity Classic
The CVS Health Charity Classic is a professional golf tournament. It is contested annually as a one-day, three-person team event. Each team is made up of one player from each of three Tours: PGA Tour, PGA Tour Champions, and LPGA Tour. The top two scores at each hole for the team count towards the team's final score.
It is held at Rhode Island Country Club in Barrington, Rhode Island. It is an unofficial event on the PGA Tour and was first played in 1999. The original format was a two-man team event, involving players solely from the PGA Tour. However, since 2017, it has become a three-person team event, with players from PGA Tour Champions and LPGA Tour joining up with a PGA Tour player to form each team. Rhode Island natives Brad Faxon and Billy Andrade serve as hosts.Emory Point
Emory Point is a mixed-use development on Clifton Road in Druid Hills, unincorporated DeKalb County, Georgia, adjacent to Atlanta. It is across Clifton Road from the Centers for Disease Control and surrounded on three sides by the campus of Emory University, backing up to Peachtree Creek's South Fork. The complex contains 80,000 square feet (7,400 m2) of retail space and 443 apartments. Currently Phase I is open of multiple phases, thus additional residential and retail space is to be added. The total cost is variously quoted as USD 60 million to USD 250 million. It is as of its opening in Fall 2012, the first new retail project built in the trade area in 20 years, the largest private development start inside the Perimeter in more than three years and the first partnership between Cousins Properties (75%) and Gables Residential (25%), two Atlanta-based development companies.Tenants include CVS Pharmacy, JoS. A. Bank Clothiers, and Ann Taylor Loft, Bonefish Grill, Fresh to Order, Which Wich? as well as other chain and independent stores and restaurants. As of December 2012, twenty-one shops and restaurants were either open or lined up to open by February 2013.
The complex is located on "The Cliff" Emory shuttle lines.
The project was originally planned in 2006 as a 315,000 square feet (29,300 m2) condominium complex only. It was stopped in 2008 as the Great Recession deepened but was finally completed in 2012.The site has the potential for a total of nine buildings. Three are completed and four are (as of December 2012) being designed. Phase II is to add an additional 240 apartment units and 40,000 square feet (3,700 m2) of retail.Genovese Drug Stores
Genovese Drug Stores was a pharmacy chain located in the New York City-Long Island area of the United States, including northern New Jersey, along with Fairfield County, Connecticut and Hartford County, Connecticut. It was acquired by Eckerd in 1998.
Genovese was founded in 1924 by Joseph Genovese, in Astoria, Queens. By 1978, when Genovese died, the chain had grown to 50 locations.It opened its first Manhattan location in 1993.At time of its sale in 1998 to JCPenney, the still family-controlled chain was headquartered in Melville, New York and had 141 stores and 5,000 employees. Five years after the acquisition, the Genovese name ceased to exist when all the remaining stores were rebranded as Eckerd. The former Genovese stores that have remained open currently do business as Rite Aid, who bought Eckerd's eastern U.S. operations in 2007 (these locations are distinguishable as having blue signs instead of red signs). One Rite Aid store in Astoria is now a CVS/pharmacy.
Genovese Drug Stores had no connection to the Genovese crime family, one of the "Five Families" of the city's Mafia.Holly Ravine Farm
Holly Ravine Farm is a farm and shopping center located in Cherry Hill, New Jersey. The farm was the site of the Cowtail Bar, an ice cream parlor established in 1933 by former Cherry Hill mayor John Gilmour, Jr., who was the first mayor of Cherry Hill (previously known as Delaware Township). In 1964, Gilmour added a petting zoo on the property known as the Moo Zoo. He sold the Cowtail Bar in 1987.The farm is located on the corner of Evesham Road (County Route 544) and Springdale Road (County Route 673) on Cherry Hill's eastern side, near the border of Voorhees. Across the street in Voorhees is the site of Stafford Farm, another farm in the area.Plans to develop a 38,000-square-foot shopping center and a 3,000-square-foot bank on a piece of Holly Ravine Farm occurred in the late 1980s by Site Development Incorporated (SDI). Construction began in Spring 1989 to establish the Holly Ravine Shopping Center. Opened in 1990, the center includes a CVS Pharmacy, a dry cleaners, a hair salon, a Chinese restaurant, a delicatessen, a Wawa Food Market, and several other stores. A Commerce Bank (now TD Bank) was built as a standalone building on the Holly Ravine property. The farm still operates and is located behind the shopping center.La Jolla Village Square
La Jolla Village Square is a power center with a collection of mostly big box retailers that, before 1992, was an enclosed upscale regional mall with department store anchors and an adjacent "convenience center" (or strip mall) portion. It is located in La Jolla Village, San Diego just south of UC San Diego (UCSD) and about one mile west of Westfield UTC, with which it used to compete as an upscale regional mall. It is across the street from "The Shops at La Jolla Village", whose tenants include Whole Foods Market, Nordstrom Rack, and CVS Pharmacy.Lakes Region 200
The Lakes Region 200 is a NASCAR Xfinity Series race held at New Hampshire Motor Speedway in Loudon, New Hampshire. When first held in 1990, the race was 300 laps. It was scaled back to 250 laps, the length of the former fall NHMS race, starting in 1993, and again to its current 200 laps in 1996.Until 2010, in twenty three races held at NHMS, there had never been a repeat Xfinity Series winner, the longest such streak in any of NASCAR's national touring series. Kyle Busch broke the streak with victories in 2009 and 2010.MinuteClinic
MinuteClinic (stylized as minute clinic) is a division of CVS Health (NYSE: CVS), the largest pharmacy health care provider in the United States. MinuteClinic was initially started as QuickMedx by Dr. Douglas Smith and his patient Rick Krieger, along with Stephen Pontius in Minneapolis, MN. This was the first of the "Retail Clinics" in the United States.
MinuteClinic launched the first walk-in clinic in the country in 2000, and is the largest provider of retail clinics with more than 1,100 locations in 33 states and the District of Columbia.
MinuteClinic is the first retail health care provider to receive three consecutive accreditations from The Joint Commission (2006, 2009, and 2012), the national evaluation and certifying agency for nearly 19,000 health care organizations and programs in the United States.Montpelier, Hanover County, Virginia
Montpelier is an unincorporated community in Hanover County in the central region of the U.S. state of Virginia. Montpelier is on U.S. Route 33, which was long named as "the Mountain Road" between Richmond and the Blue Ridge Mountains. The community is located midway between Richmond and President James Madison's home "Montpelier", and may have been named for the famous estate, which is a tourist attraction. Montpelier now has a shopping center with a Food Lion, 24-hour fitness, Domino's Pizza, a Subway, and a CVS Pharmacy.
Formerly consisting primarily of farmland and a small business district, today Montpelier serves as a bedroom community for many residents who commute to jobs in large metropolitan areas such as Richmond. Professional wrestler Mickie James was born in Montpeiler.
The Montpelier Historic District, Oakland, and Sycamore Tavern are listed on the National Register of Historic Places.Navarro Discount Pharmacies
Navarro Discount Pharmacies, Inc., frequently referred to as Navarro is a pharmacy chain, photo service, and pharmacy benefit manager in the United States. The company was acquired by CVS Pharmacy in September, 2014 and is operated as a separate brand and business of CVS, headquartered in Miami, Florida. The company mainly operates in Miami-Dade and Broward Counties and currently has 28 stores. Navarro Discount Pharmacies has a 17% market share in South Florida, ahead of Walgreens and CVS/pharmacy.
The company has more than 2,000 employees and annual sales of more than $350 million. Navarro leads the industry in terms of sales per store, sales per square foot, and prescriptions filled per store.Redlands Mall
Redlands Mall was a mall in Redlands, California with two anchors, CVS Pharmacy and Gottschalks. The mall, located on about 11 acres on Orange Street between Redlands Boulevard and Brookside Avenue, was built in 1977.Ryan Center
Ryan Center is a 7,657-seat multi-purpose arena in Kingston, Rhode Island. The arena opened as a replacement for Keaney Gymnasium, which was built in 1953 for the needs of a much smaller student population at URI. It is home to the University of Rhode Island Rams basketball. The building is named for Thomas M. Ryan, Class of 1975, former CEO of Rhode Island-based CVS Pharmacy and lead benefactor of the arena.
The $54 million center opened in June 2002. The first game in the arena was a women's basketball game against Kent State University on Nov. 22, 2002, and the first men's game was an upset win against USC on Nov. 26, 2002.
The building is recognizable for its three corner towers, which were modeled after lighthouses. (The fourth corner would be where the building meets the Tootell Physical Education Center.) It stands directly next to Meade Stadium, and the original field house and west (visitor's side) grandstands were demolished to make way for the building. There are seven luxury boxes that can view both the basketball floor and the football stadium outside, and new grandstands were built in 2006.
The women's basketball team won the first-ever regular season game in the Ryan Center 53-39 over Kent State on Nov. 22, 2002 and four days later the men made their official debut in the building with a 73-71 overtime upset over the University of Southern California. Ever since, the Ryan Center has been a hard place for opponents to play, with the men's team drawing a standing room only crowd of 8,121 against No. 2-ranked Pittsburgh in 2002, and the women's team setting its attendance record with 3,402 fans against St. Bonaventure on Jan. 16. Both the men's and women's teams more than doubled their attendance from the last year in Keaney Gymnasium.With the opening of the Ryan Center, URI was able to move all of its games on campus for the first time since the 1970s. The team had played occasional home games at the larger Dunkin' Donuts Center since 1973.ShopLocal
Shoplocal is a marketing and advertising service that builds, hosts and maintains catalogs and online weekly ads exclusively for big-box store retailers. Its partners include U.S. retailers in the circular space, namely the brands of Ace Hardware, Kohls, Office Depot, Michael's, TrueValue, Target, Lowe's, Staples, Jo-Ann, CVS Pharmacy and Walgreens. ShopLocal SmartMedia services can then take catalogs and weekly ads and serve them up to customers via interactive, localized banner advertising that can be run anywhere on the Internet.Thrift Drug
Thrift Drug was a U.S. pharmacy chain founded in 1935 and based in Pittsburgh, Pennsylvania.The company was purchased by JCPenney in 1968, and was expanded greatly thereafter, serving as the flagship chain of JCPenney's pharmacy group. The chain did not hide its affiliation with JCPenney, as it had JCPenney catalog merchandise pickup centers inside many of its locations, as well as signs advertising "JCPenney Catalog Center". Stores also accepted the JCPenney credit card for purchases.In 1996, JCPenney purchased Eckerd, another pharmacy chain. The U.S. Federal Trade Commission (FTC) objected to the purchase on antitrust grounds, stating that ownership of Eckerd would give JCPenney a dominant position in the drug store business in the states of North Carolina and South Carolina through its ownership of Thrift Drug, Rite Aids in the Carolinas, and Eckerd. The FTC ultimately approved the transaction, but as a condition of approval, in 1997 JCPenney and Thrift were required to divest 14 Thrift drug stores in Charlotte and 20 Thrift stores in Raleigh-Durham, as well as all 110 Rite Aid locations in the state of North Carolina and that chain's 17 locations in Charleston. As a result, JCPenney divested 164 stores in the Carolinas. The divested stores were purchased by an investment group led by former Thrift Drug executives who left JCPenney after the Eckerd transaction. These stores became the Kerr Drug chain, using the name of a former Carolinas chain acquired by JCPenney in 1995.After acquiring Eckerd, in 1997 JCPenney merged Thrift Drug and all other pharmacy chains into the larger Eckerd chain (now CVS Pharmacy and Rite Aid).One enduring legacy of Thrift Drug was in the 1977 movie Slap Shot, when a Thrift Drug located in downtown Johnstown, Pennsylvania was shown in the background during a shot of downtown Charlestown (the town that Johnstown portrayed in the film), alongside other now-defunct retailers such as Woolworth (which still exists today as Foot Locker but closed their namesake chain in 1997) and competitor Revco (which was later acquired by CVS Pharmacy). Also shown was a location of Thrift Drug's nominal successor (through Eckerd) and fellow Pennsylvania pharmacy, Rite Aid. Due to Rite Aid's connection to Thrift Drug through Eckerd, Rite Aid, as well as CVS which also purchased many Eckerd stores, accept JCPenney credit cards despite having otherwise had no corporate affiliation with JCPenney.Whittwood Town Center
Whittwood Town Center Whittwood Town Center is a 65-acre open-air shopping village in Whittier, California (in Los Angeles County), located on the southwest corner of Whittier Boulevard and Santa Gertrudes Avenue, serving the communities of Whittier, La Habra, La Miranda, West Covina, Cerritos and Buena Park.
The shopping center has a gross leasable area of 841,936 square feet and is close to I-5, I-10 and I-605. Anchor stores include Target, Kohl's, JC Penney, Sears, PetSmart and CVS Pharmacy.Owner, Kimco Realty Corp. (NYSE: KIM) is a real estate investment trust (REIT) headquartered in New Hyde Park, N.Y., that is one of North America's largest publicly traded owners and operators of open-air shopping centers. As of September 30, 2017, the company owned interests in 507 U.S. shopping centers comprising 84 million square feet of leasable space primarily concentrated in the top major metropolitan markets.
Publicly traded on the NYSE since 1991, and included in the S&P 500 Index, the company has specialized in shopping center acquisitions, development and management for more than 50 years.