CVS Caremark (CVS) opening or relocating 225-250 stores nationwide in FY 2011


According to Larry Merlo, President, Chief Operating Office, Director and President of CVS Pharmacy – Retail in the Q4 2010 Earnings Call on February 3, 2011:

Now this year, we expect to open or relocate approximately 225 to 250 new stores, close 15 others, resulting in approximately 150 net new stores and retail square footage growth of 2% to 3%.

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