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CVS Announces Plans to Enter Three New Markets: Dallas, TX, Houston, TX and Fort Worth, TX

Business Editors

WOONSOCKET, R.I.--(BUSINESS WIRE)--June 27, 2001

CVS Corporation (NYSE:CVS) announced today that it will enter three new Texas markets: Dallas, Houston and Fort Worth. Dallas is the 13th largest drugstore market in the United States, based on total drugstore sales. Houston is 15th and Fort Worth ranks 34th.

"I am pleased to announce our entry into three major Texas markets," said Tom Ryan, Chairman, President and CEO of CVS/pharmacy. "We look forward to serving customers in these high-growth markets and expect to open our first Texas stores in the fourth quarter of 2001."

"We also continue to open stores in previously announced new markets throughout the State of Florida and in Chicago, Illinois, where our new stores are performing well above expectations," continued Ryan. "In addition, we expect to open our first Las Vegas stores in late 2001 and our first Phoenix stores in early to mid 2002."

CVS is America's number 1 pharmacy, dispensing more retail prescriptions in more states than any other pharmacy in the U.S. CVS has created innovative approaches to serve the healthcare needs of all our customers through more than 4,100 CVS/pharmacy stores; CVS ProCare, its specialty pharmacy business; CVS.com, its online pharmacy; and PharmaCare, its pharmacy benefit management company. General information about CVS is available through the Company's website, at http://www.CVS.com.

COPYRIGHT 2001 Business Wire
COPYRIGHT 2001 Gale Group




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