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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]
CVS quickly grew to a chain of three dozen stores before the Melville Corp., a specialty retailing chain run by Francis A. Rooney Jr., W’43 (see p. 58), acquired it for $12 million in 1969. Goldstein stayed on as president, and in 1987, became CEO of Melville.
Jun 1, 2024 · The trio spotted a gap in the market for standalone stores offering cut-price beauty and health products and opened the first in a low-income area of Lowell, near Boston. The original name...
May 27, 2024 · Stanley Goldstein was born on June 5, 1934, in Woonsocket, R.I., one of four sons of Israel and Etta (Halpern) Goldstein.
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...
Mar 8, 2019 · First, Stanley Goldstein, son of one of the founders of Consumers Value Stores (now renamed CVS), took over the helm of Melville. He went on to shed the shoe businesses, Marshall’s, and the other non-drug store businesses.
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 company under the CVS name.
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