CVS 1998 Annual Report Download - page 2

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Please find page 2 of the 1998 CVS annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

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1998 Was a Year of Tremendous Accomplishment
• At year-end, we operated 4,122 stores, solidifying our position as
the largest drugstore chain in America.
• We opened a record 382 new and relocated stores.
• We completely remodeled 1,900 Revco stores.
• We acquired the Arbor drugstore chain, making us the market leader
in metropolitan Detroit, the nation’s 4th largest drugstore market.
• We now rank #1 in six of the top ten U.S. drugstore markets.
• We filled more prescriptions than any other retailer in America.
• Our total sales increased 11.1% to $15.3 billion. Same store sales
rose 10.8%, while pharmacy same store sales jumped 16.5%.
his year, you can view our entire Annual Report on CVS’ Investor Information
Web site. Our updated Web site provides the public with easy access to important
corporate information. The Investor Information portion of our Web site also
includes a feature that enables interested parties to receive an e-mail notification of
new information on the site, such as news releases, calendar updates and SEC fil-
ings. The site also contains investment highlights, stock charts, shareholder infor-
mation, and answers to frequently-asked questions.
While visiting CVS’ Web site, you can also have your prescription refilled, read
the latest health news, explore our merchandising initiatives and find the location
of the CVS store nearest you. We invite you to visit our site at www.CVS.com.
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