Company Overview Visit cvs.com website
CVS is a company that sells medications and household items. They have over 7,000 locations in the United States and also supply pharmaceutical services to clinics and hospitals. The initials "CVS" originally stood for Consumer Value Stores but they now mean Convenient, Value, and Service.
The first CVS was opened in 1963 by the Melville Corporation as a subsidiary of their Stop & Shop grocery stores. Through acquisitions of other companies such as Eckerd, they expanded into selling health and beauty items like shampoo and toothpaste as well as prescriptions drugs. They currently support over 350,000 jobs worldwide with most based out of their corporate headquarters in Woonsocket, Rhode Island; though there are some offices located throughout Europe.
In an effort to allow consumers to save money on health care, CVS introduced a program called ExtraCare in 1994. This loyalty card allows members to receive special discounts and even occasionally free merchandise by joining their local CVS rewards programs. Members also receive prescription drug savings through the Prescription Savings Club, which is advertised as saving customers between five and forty-five percent on their prescriptions each year.