Top 10 Retail Companies in the World 2015

Posted in Top Brand Lists, Total Reads: 1867

3. CVS Health

CVS Health was established in the year 1922 by the name of Melville Corporation based in Rye, New York.

Image: company site

The name was subsequently changed to CVS Caremark Corporation and then to CVS Health. CVS Health is an American retailing and healthcare company which majorly deals with sale of pharmaceutical products. CVS Health operates under its 4 subdivisions i.e. CVS Pharmacy, CVS Minuteclinic, CVS Caremark and CVS Specialty.

CVS Health is ranked 30th among the Fortune 500 group of companies. CVS Pharmacy has over 7800 retail drug stores under its belt spread across the states in Unite States and Brazil. It also maintains a national network of over 68,000 retail pharmacies. CVS Minuteclinic itself has over 1000 locations under its belt and aims to reach over 1500 locations by 2017. CVS Pharmacy was the first U.S. based national pharmacy chain to stop the sale of cigarette products from its stores. CVS Health manages over 1.7 billion prescriptions every year and has captured over one-third of the total U.S. prescription market.

CVS Health employs over 200,000 colleagues across its locations. The employees belong to diverse talent pool to have long term sustainability. The employees are trained under the diverse workforce programs such as Regional Learning Centres, Pathways to Healthcare Careers and Registered Apprenticeships. CVS Health also has over 24,000 pharmacists under its belt to take care of prescription advisories. CVS Pharmacy serves over 5 million customers everyday across its retail pharmacies.

CVS Health is a pharmacy innovation company which aims to reinvent pharmacy business model with a purpose of helping people lead a life of better health. With serving millions of people daily, and growing at a fast pace, CVS Health is indeed one of the leading retail chain companies in the world.

Net Retail Revenue: USD 139.367 billion

Dominant operational format: Drug store/Pharmacy