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1960s The first Consumer Value Store (CVS), selling health and beauty products, was founded in 1963, in Lowell, Massachusetts, by brothers Stanley and Sidney Goldstein and Ralph Hoagland. By 1964, CVS had 17 stores that sold primarily beauty products.
CVS sells prescription drugs and a wide assortment of general merchandise, including over-the-counter drugs, beauty products and cosmetics, film and photo finishing services, seasonal merchandise, greeting cards, and convenience foods through their CVS Pharmacy and Longs Drugs retail stores and online through CVS.com.
CVS came to dominate the retail pharmacy industry and beyond. Some experts wonder whether retail's reach into health care could go too far.
1 hour photo. Longs Drugs is an American chain owned by parent company CVS Health with approximately 70 drugstores throughout the state of Hawaii and formerly in the Continental US. Before being acquired by parent company CVS Health in 2008, it was a chain of over 500 stores, located primarily on the West Coast of the United States.
Chain drug stores pushed out independent pharmacies. Now, the big chains are closing, hurting access to medication and essentials in many communities. This is why.
CVS, Walgreens and Rite Aid are eliminating some locations as they face rising competition for these items from Amazon, big-box stores with pharmacies like Walmart, and Dollar General in rural areas.
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