Question of the Month: Answer

Question:

What do the initials CVS stand for in the drug store chain’s name?

Answer:

The acronym CVS originally stood for Consumer Value Stores.

The company was founded in 1963 in Lowell, Massachusetts, by brothers Stanley and Sidney Goldstein along with partner Ralph Hoagland. While it started as a chain of health and beauty aid stores, it eventually expanded into a pharmacy powerhouse. Interestingly, the former CEO Tom Ryan once remarked that the initials could also be interpreted as "Convenience, Value, and Service," though "Consumer Value Stores" remains the official historical name.