Exclusive: CVS explores options including potential break-up, sources say

[BumRushDaShow]

7. Way back in the late '70s

my first experience with a CVS was in college in Massachusetts when I was at UMASS. I had never heard of them because we had our own chains here in PA (and in Philly, where there were still some indie pharmacies, a/k/a "drug stores", around).

IOW, CVS was primarily a New England chain.

Of course with Raygunomics, whole industries got into the expansion madness and that included CVS. I remember when they eventually began to open stores here in Philly, when the acquisition and expansion schemes were underway.

It's just like when Sears all of a sudden decided to get into the "financial services" business (and that included the insurance industry with Allstate, and even real estate with Coldwell Banker). Of course we know what eventually happened to Sears.

I think they are now paying for those types of business decisions and trying to unwind.