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Jul 14, 2024 · 1. Early beginnings. The first Consumer Value Store opened in Lowell, Massachusetts, in 1963, according to the company's website. CVS was founded by brothers Stanley and Sidney Goldstein and...
An end of another era occurred in April 1999 when Goldstein retired as chairman of CVS, 36 years after cofounding the first Consumer Value Store. Ryan was named chairman and CEO. Later in 1999 CVS acquired Soma.com, the first major online pharmacy, for $30 million in stock.
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...
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...
In 1969, Goldstein’s drug store chain, CVS, was acquired by Melville Corporation and soon became the conglomerate’s dominant retail establishment. Goldstein took the reins of Melville in 1987 and began a total restructuring program transforming the company from a loose-knit group of retail establishments into an industry-focused healthcare ...
Historical highlights. 1963: The first Consumer Value Store selling health and beauty products is founded in Lowell, Massachusetts. A year later, the name is changed to CVS. 1967: Pharmacies within CVS stores are introduced in Cranston, Rhode Island. 1969: CVS is sold to Melville Corporation.
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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...
