CVS was formerly known as Consumer Value Stores.
This original name, Consumer Value Stores, was used from the company's founding in 1963 until 1969. The familiar abbreviation "CVS" was derived directly from this longer name, reflecting the company's initial focus on providing value to its customers.
The Origins of a Retail Giant
Founded in Massachusetts, the company quickly established its presence in the retail landscape. What began as a local venture grew into one of the largest pharmacy chains in the United States, continuously evolving its services and reach.
Key Historical Information
| Detail | Description |
|---|---|
| Former Name | Consumer Value Stores |
| Period Used | 1963–1969 |
| Founded | May 8, 1963 |
| Founders | Stanley P. Goldstein, Sidney Goldstein, Ralph P. Hoagland III |
| Founding Location | Lowell, Massachusetts, U.S. |
| Current Headquarters | 1 CVS Drive, Woonsocket, Rhode Island, U.S. |
| Industry | Retail |
Today, CVS Pharmacy serves millions of customers, maintaining its core business in retail pharmacy while expanding into broader health services.
