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May 27, 2024 · Stanley P. Goldstein, who in the early 1960s helped start a retail chain named Consumer Value Stores, which, after shortening its name to CVS — because, he said, fewer letters meant cheaper...
Life and career. Goldstein was born in Woonsocket, Rhode Island. He attended the Wharton School of the University of Pennsylvania, graduating in 1955. [3] He served in the United States Army. [4] In 1963, Goldstein co-founded CVS Health along with his brother Sidney and business partner Ralph P. Hoagland III. [5]
By the time he retired from the board of CVS in 2006, it was the largest drugstore chain in the U.S. with more than 4,000 outlets. In 1963, though, the Goldstein brothers didn’t feel successful. Their health and beauty products distribution firm was barely breaking even.
May 22, 2024 · Stanley Goldstein, a kid from Woonsocket who grew up humbly and founded a tiny company called Consumer Value Stores that grew into the gigantic CVS Health corporation, sadly left us Tuesday...
Jun 1, 2024 · The customer focus and attention to detail of CVS co-founder Stanley Goldstein, who has died aged 89, are among the reasons why. What began with a pair of Consumer Value Stores in...
In 1969, Goldstein’s drug store chain, CVS, was acquired by Melville Corporation and soon became the conglomerate’s dominant retail establishment.
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Goldstein led an effort to sell off each division, leaving only CVS. “We were fortunate in that the restructuring went according to plan,” Mr. Goldstein told the industry journal Chain Drug...