Magazine article from our research archive:
|
|
Two stellar chief execs speak out.(My Turn)(CVS Caremark Corp. mergers with Longs Drug Stores )
- Article from:
-
Chain Drug Review
- Article date:
-
September 1, 2008
- Author:
-
|
Copyright informationCOPYRIGHT 2008 Racher Press, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Here are some of the comments CVS Caremark Corp. chairman and chief executive officer Tom Ryan made on a recent conference call following the announcement of the intended acquisition of Longs Drug Stores by CVS:
"We entered southern California in 2004, organically. Then we gained immediate market leadership in southern California through the acquisition of 335 Sav-on stores, which by the way are comping about 5% this year despite the economy. Today, the broader L.A. market is the largest revenue-producing market in the country for us.
"We will now become a leading player in central and northern California and Hawaii. As you know, California is the most populous state, ...
Related newspaper, magazine, and journal articles:
|
Rite Aid acquires Brooks stores
Bangor Daily News Bangor, ME;
June 5, 2007 ;
585 words
......Maine. There were no Eckerd stores in Maine for Rite Aid to acquire. "This is a very...state regulators required Rite Aid to divest 26 stores, all in East Coast states...another, such as the Brooks and Rite Aid stores on Union Street in Bangor...
|
|
Rite Aid Sells 38 Stores in California.
Knight Ridder/Tribune Business News;
September 15, 1999 ;
503 words
......Longs will close one of the Rite Aid stores. When the acquisition closes...cherrypicked the best of the Rite Aid crop of stores to strengthen its position in...upgrades. Longs officials said the Rite Aid stores generate about $295 million...
|
|
|
Rite Aid, Walgreen Add Stores in Colorado Competition.
Knight Ridder/Tribune Business News;
April 19, 1999 ;
700+ words
......Walgreen Co. and Rite Aid Corp. -- big, aggressive...whose freestanding stores are popping up everywhere...has built six new stores in the Springs area. Now, newcomer Rite Aid has landed on the...two of five area stores -- at 4609 Austin...extensive line of Rite ...
|
|
|
Rite Aid Offers to Sell 10 Pennsylvania Stores.(Originated from The...
Knight Ridder/Tribune Business News;
April 23, 1996 ;
618 words
......signed yesterday, Rite Aid will divest one...Erie, three other stores in the Erie market...maintain the targeted stores in good operating condition. If Rite Aid does not sell the stores on its own, they...with about 4,500 stores. Corbett's antitrust...negotiating with ...
|
|
Rite Aid bids to buy 1,858 rival stores around U.S.(Business)
The Virginian Pilot;
August 25, 2006 ;
700+ words
......years ago. In Hampton Roads, Rite Aid has 34 stores and Eckerd has 57 now owned...CVS Corp. Swallowing those stores will make Rite Aid the largest drugstore chain...too early to say whether Rite Aid would close any stores but that some employees...
|
|
Rite Aid Announces Completion of Acquisition of 1,854 Brooks and Eckerd...
M2 Presswire;
June 5, 2007 ;
700+ words
......divestitures of 26 stores, Rite Aid will have 5,160 stores with the scale to...remodel of all the stores. Starting immediately, Rite Aid will fully convert...and Eckerd pilot stores, which represent...converted and re-branded Rite Aid over the next 16 ...
|
|
Rite Aid to add 1,850 Brooks, Eckerd stores
Charleston Gazette;
June 5, 2007 ;
437 words
......stores. The deal includes two stores in West Virginia, where Rite Aid operates more than 100 stores. The acquisition is Rite Aid's first major deal after a...and state regulators required Rite Aid to divest 26 stores, all in East Coast states...
|
|
|
Rite Aid to Add Stores in Kern County, Calif..
Knight Ridder/Tribune Business News;
September 21, 1998 ;
700+ words
......locally, with Taft, which has two Rite Aid stores, being the only Kern County...like Walgreens and Longs. While Rite Aid has more stores, Walgreens has greater sales...Shafter and Lamont, the new Rite Aid stores bring the first stiff competition...
|
|
At front end shoppers find reasons 'to select our stores'.(Rite Aid: the...
Chain Drug Review;
December 20, 2004 ;
321 words
......front-end categories in Rite Aid's stores have been performing...cards also help set Rite Aid apart from the pack...reason to select our stores, she says. Like all drug chains, Rite Aid has gone deeply into...the West Coast its stores have been extremely...
|
|
Rite Aid Closes Prescription Counters at 3 District Stores
The Washington Post;
February 25, 1989 ;
294 words
......There are a total of 85 Rite Aid stores in the Washington area. Since last February, Rite Aid has closed two stores in the District, leaving...the shutdowns of the two stores earlier this year, Rite Aid was not planning to reduce...
|
|
|
Rite Aid Corporation Announces Acquisition of 1,854 Brooks and Eckerd...
M2 Presswire;
June 4, 2007 ;
700+ words
......divestitures of 26 stores, Rite Aid will have 5,160 stores with the scale to...remodel of all the stores. Starting immediately, Rite Aid will fully convert...and Eckerd pilot stores, which represent...converted and re-branded Rite Aid over the next 16 ...
|
|
|
Three Monterey County, Calif., Rite Aid Stores among Longs Purchase.
Knight Ridder/Tribune Business News;
September 15, 1999 ;
639 words
......square feet. Regionally, the Rite Aid stores that will become Longs are at...complete, Longs will operate 420 stores. Rite Aid, the nation's third largest pharmacy...hasn't been perfect. Sales at Rite Aid stores in the West in both April and...
|
See all results.
Or, try our
Advanced Search.
|