WOONSOCKET, R.I. -- CVS Corp. here last week unveiled a restructuring plan that will entail closing about 200 stores and other measures designed to improve profitability. Analysts said that the moves do not indicate any fundamental problems in the drug store industry, however. "I think it is a CVS problem and not an industry problem," said Derek Lechow, investment analyst, Barrington Research, Chicago. "Overall industry fundamentals seem very strong at this point." CVS, he said, has been ...
REGISTER TO VIEW THIS ARTICLE - Register for a Free Account
Registering for content on Supermarket News will give youINSTANTaccess to invaluable articles and media content that industry professionals rely on. You will have access to our special reports, feature articles, and industry analysis. It’sFREE, easy and quick. What are you waiting for!In addition you will also receive a complimentary copy of SN's salary survey sent to you by email.
Attention Paid Print Subscribers: While you have already been grantedfreeaccess to SNwe ask that youregister now.We promise it will only take a few minutes! Or visit your profile and add your print magazine account number and zip code.