Chain Store Age
CVS Pharmacy has entered into an agreement to acquire Schnuck Markets Inc.'s retail and specialty pharmacy businesses. Under the agreement, CVS Pharmacy will acquire and operate 99 of the grocer's pharmacies and will brand them as CVS Pharmacy. Additionally, CVS Pharmacy will acquire the prescription files from 11 Schnucks pharmacies and transfer them to nearby CVS Pharmacy locations.
This will not be the first time that CVS Pharmacy will operate its pharmacies in a store-within-a-store format. . . . more