CVS is one of the places consumers check out often if perhaps they get sick. The chemist chain provides its benefits as being the major pharmacy string in the United States. Since December thirty-one, 2012 there are 7, 458 stores working nationwide which 7, 402 had a chemist, filling almost 10% of every prescription in the us, CVS holds the top location in having most number of stores and number of medications filled annually even though the company earns reduce revenues than its rivals. (CVS Organization History) Founded in 1963 under the name of Consumer Worth Store, CVS is incorporated in Delaware. The company's quest statement is definitely " to supply innovative pharmaceutic solutions and quality consumer service to be able to enhance specialized medical outcomes intended for our customers' health gain plan associates while helping our clients and the plan members in better managing all around health care costsвЂќ. (CVS Total annual Report, 2011) The company happens to be in the maturity stage of its your life cycle with constant growth observed in revenue and size. In 2012, the company generated net sales of $123 billion dollars and received about $3. 8 billion in net gain. CVS's total assets exceed $65 billion dollars of which regarding $24 billion is linked with property, grow and products (CVS 10-K Report, 2012). CVS engages approximately dua puluh enam, 000 full-time pharmacists and 77, 500 part time staff where the pharmacists are legally licensed. Like a growing merchant, The CVS envisions staying the most dependable retailer and strives to provide great service to its customers and becoming sustainable with regards to their operations. They also want to increase their market share because they are the most hassle-free and first choice pharmacy in the usa. (CVS Annual Report, 2011)
For the fiscal yr ending 12 , 31, 2012, CVS saw a growth in revenues and market share. During 2012, CVS's revenue increased by 14% from 2011 and the overall market share improved to $67. 7 Billion dollars. Net profits of $3. 8 billion dollars were...
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