CVS 2001 Annual Report Download - page 2

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2001
Achievements
• To tal sales increased 10.7% to
mo re than $22 Billio n.
• Same sto re sales ro se 8.6% ,
while pharmacy same sto re sales
increased 13.0% .
• We o pened 248 new and
relo cated sto res, and ended the
year with 4,191 sto res.
•
43 of o ur new sto res in 2001
were in new CVS markets with
substantial gro wth po tential,
including Miami, Tampa, Orlando ,
Ft. Lauderdale, Chicago , Dallas,
Ho usto n, and Las Vegas.
• We ro lled o ut o ur EPIC
pharmacy system and wo rkflo w
impro vements to all of o ur sto res.
• We impro ved invento ry turns fo r
the 4th co nsecutive year,
hitting o ur 2001 go al of 4.3x.
• Our senio r debt rating was
upgraded by Moo dy’s to A2, while
o ur co mmercial
paper rating was
raised to Prime-1.
• We no w o perate 1,200 extended-
ho ur sto res, 1,600 drive-thru
pharmacies, and 3,100 o ne-ho ur
pho to labs, offering co nvenience to
o ur custo mers.
• Mo re than 25 millio n peo ple became
ExtraCare®cardho lders in the first year
of o ur custo mer lo yalty pro gram, far
exceeding o ur go al.