August 30, 2007
CVS same-store sales up in August
By Matthew L. Brown
Woonsocket, R.I.-based CVS Caremark Corp. 's same-store sales for the four weeks ended Aug. 25 rose by 4.9 percent compared to the same period a year ago, according to the company.
The comany said pharmacy sales increased 4 percent, but were hurt by recent generic drug introductions. Front-end same-store sales increased by 6.8 percent in August.
During August, the company opened 15 new stores, closed three stores and relocated 13. The company operates 6,192 stores in 40 states.
The comany said pharmacy sales increased 4 percent, but were hurt by recent generic drug introductions. Front-end same-store sales increased by 6.8 percent in August.
During August, the company opened 15 new stores, closed three stores and relocated 13. The company operates 6,192 stores in 40 states.
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