Content about Woonsocket, Rhode Island

August 2, 2013

CVS Caremark Corporation has reached an agreement in principle to pay a fine of $20 million to resolve an investigation by the Securities and Exchange Commission into certain public disclosures, securities transactions and aspects of the purchase accounting adjustment related to the October 2008 Longs Drug Stores acquisition the company made during the third and fourth quarters of 2009.

Woonsocket, R.I. – CVS Caremark Corporation has reached an agreement in principle to pay a fine of  $20 million to resolve an investigation by the Securities and Exchange Commission (SEC) into certain public disclosures, securities transactions and aspects of the purchase accounting adjustment related to the October 2008 Longs Drug Stores acquisition the company made during the third and fourth quarters of 2009.

February 11, 2013

CVS Caremark said it has named Brian Tilzer as SVP, chief digital officer for the drugstore chain.

Woonsocket, R.I. -- CVS Caremark said Monday it has named Brian Tilzer as SVP, chief digital officer for the drugstore chain.

Tilzer, previously SVP global e-commerce for Staples, is charged with developing and leading CVS digital innovation efforts and connecting current and future digital initiatives.

 

May 11, 2012

CVS/pharmacy is taking a greater step toward targeting the Hispanic market with the launch of its new Spanish-language website.

Woonsocket, R.I. — CVS/pharmacy is taking a greater step toward targeting the Hispanic market with the launch of its new Spanish-language website.

Like the English-language site, the Spanish version, located at http://es.cvs.com, enables shoppers to manage their prescription account, get health information, purchase products, access coupons, etc. According to a MediaPost article, Google indicated that the new CVS Spanish website consists of 67,000 pages, most of which are product SKUs.

November 3, 2011

CVS Caremark Corp.’s third-quarter profit rose 7.3%, to $868 million, driven by strong performances in its pharmacy businesses.

Woonsocket, R.I. -- CVS Caremark Corp.’s third-quarter profit rose 7.3%, to $868 million, driven by strong performances in its pharmacy businesses. Its performance topped Wall Street expectations.

Revenue for the three-month period ended September 30, 2011, rose 12% to $26.67 billion, from $23.71 billion.

Revenue in its pharmacy-services segment increased 26% $14.8 billion, boosted by a contract with Aetna Inc. and added business from the acquisition of Universal American Corp.'s Medicare prescription drug business.

October 24, 2011

CVS Caremark announced the promotion of three senior executives within its retail organization.

Woonsocket, R.I. -- CVS Caremark announced the promotion of three senior executives within its retail organization.

August 24, 2011

CVS Caremark said its board has approved a $4 billion stock repurchase program and that it intends to complete an earlier $2 billion program before the end of this year.

Woonsocket, R.I. -- CVS Caremark said its board has approved a $4 billion stock repurchase program and that it intends to complete an earlier $2 billion program before the end of this year.

Under the new authorization, the retailer said it expects to repurchase about $1 billion in shares by the end of the year.
 

January 24, 2011

CVS Caremark said Larry Merlo will succeed Thomas M. Ryan as CEO on March 1 as part of its previously announced succession strategy.

Woonsocket, R.I. -- CVS Caremark said Larry Merlo will succeed Thomas M. Ryan as CEO on March 1 as part of its previously announced succession strategy.

The company had announced in May that Merlo would take the position as Ryan approaches retirement. Merlo is currently the president and COO.

Ryan will remain chairman of the board until he retires in May, at which point David Dorman will take that position. Dorman has been a director since 2006.

January 18, 2011

CVS Caremark said Tuesday that it has appointed its two highest ranking retail executives to jointly lead the company’s CVS/pharmacy business, effectively immediately.

Woonsocket, R.I. -- CVS Caremark said Tuesday that it has appointed its two highest ranking retail executives to jointly lead the company’s CVS/pharmacy business, effectively immediately.

Mike Bloom, executive VP merchandising and supply chain, and Scott Baker, executive VP internal operations and real estate, will jointly manage the chain’s retail business until CVS completes its search for a new president.

October 28, 2010

CVS Caremark said Thursday it will eliminate 300 employees who work in customer support and...

October 21, 2010

CVS Caremark Corp. said Friday it is rolling out a new photo service the retailer...

October 6, 2010

CVS Caremark Corp. said Thursday it has promoted Jonathan Roberts to the new position of...

August 15, 2010

CVS Caremark Corp. said Monday that CVS/pharmacy has entered the Omaha, Neb., market with the...

August 4, 2010

CVS Caremark Corp. said Thursday that it has forged an agreement with Coinstar to put...

June 13, 2010

CVS Caremark Corp. announced that its board has approved a new share repurchase program for...

June 7, 2010

CVS Caremark has said it will double the size of its food sections in 3,000...

May 17, 2010

CVS Caremark Corp. spent $1.98 million in the first quarter as it lobbied Congress on...

May 11, 2010

CVS Caremark Corp. said Wednesday chairman and CEO Thomas M. Ryan will retire next year,...

May 3, 2010

CVS Caremark Corp. said Tuesday that its profit increased 4.5% in the first quarter, citing...

March 23, 2010

CVS Caremark Corp. spent $2.1 million in the fourth quarter as it lobbied the White...

March 7, 2010

CVS Caremark has been named the most-admired company in its industry, the food and drug...

January 20, 2010

CVS/pharmacy is entering the St. Louis market with five new stores in the area....

January 18, 2010

CVS Caremark said Tuesday it has appointed David Casey as VP and diversity officer....

January 6, 2010

CVS Caremark Corp. plans to partner with electronic health-records maker Allscripts-Misys Healthcare Solutions, and begin...

November 12, 2008

CVS/pharmacy enhanced its KODAK Picture Kiosks and Online Photo Center....

October 19, 2008

CVS Caremark Corp. on Monday announced that its tender offer for shares of common stock...