In the 1960s and continuing into 1963, brothers Stanley and Sidney Goldstein, together with business partner Ralph Hoagland, established the first CVS shop in Lowell, Massachusetts. This location sold health and beauty supplies. The abbreviation for Consumer Value Stores is CVS.1964: The retail business now consists of 17 locations.
The very first iteration of the CVS logo, which consisted of a CVS banner enclosed within a shield and the words “Consumer Value Stores” written below it, was introduced and displayed on the exteriors of stores for the very first time.1967 is the year when CVS opens its first stores to the public that include pharmacy sections.
These shops are located in Warwick and Cumberland, both in Rhode Island. The year 1969 is the year when Melville Corporation purchases CVS.
Why is CVS called CVS?
In the early 1960s, the first location of the business was a bargain health and beauty-aid store that was located in Lowell, Massachusetts. Not ‘convenience, value and service’. The store-level profit and loss statements still refer to CVS as a Consumer Value Store even in the present day. CVS continues to be an abbreviation for Consumer Value Stores.
What is the purpose of CVS Health?
Bringing our passion to every moment of your healthTM is both a simple and obvious statement of our mission. It’s not simply the quality of medical care that we offer that sets CVS Health distinct. It’s how we make it available to you.
What sets CVS Health apart from other retailers?
It’s not simply the quality of medical care that we offer that sets CVS Health distinct. It’s how we make it available to you. We assist individuals in navigating the health care system, as well as their own personal health care, by broadening access, reducing expenses, and acting as a reliable partner throughout each and every significant time in their health.