Long's Drug Store
Longs Drug Stores was acquired in 2008 by CVS Caremark Corporation (CVS).
Longs Drug Stores operated 510 Retail Drug Stores in California, Nevada, Washington, and Hawaii as of July 10, 2008. In addition, LDG also provides pharmacy benefit management (PBM) service and medicare beneficiary prescription drug plans under the name RxAmerica. LDG's revenues increased to $1.41 billion for the quarter ended May 1st, up from $1.30 billion the previous year, a change of $110 million, or 8.5%
The retail drug stores generated $4.9 billion in the fiscal year ending January 31, 2008. The sources of revenues within this segment come from front-end products and from pharmacy products. LDG sells a wide-selection of nationally-advertised brand name and private brand merchandise, these items comprise LDGs front end sales; included in this category are over-the-counter medication, health and beauty products, photographs and photo processing, sporting goods, automotive-related products, abd health and beauty items. The pramacy product revenues come from the sale of pharmacueticals.
|Stores as of...||January 31, 2008||January 25, 2007||January 26, 2006|
Long's also operates a Pharmacy Benefits Services under the name RxAmerica. While it accounts for less than 10% of LDG's revenues, it is important because it diversifies their business both in terms of geography and industry. RxAmerica provided prescription drug plans to about 450,000 people in the previous fiscal year in all states and the District of Columbia. The RxAmerica segment has grown rapidly from the previous year due to a growth in the existing client base and he ith revenues increasing 73.9% from 2007. new clients. [image:Revenue_PBS.bmp|thumb|350px||right|100|Revenue Distribution in RxAmerica Segment]]
The retail drug industry in which LDG operates is highly competitive. LDG competes with both local drug stores, national chains, on-line retailers, supermarkets, and mass merchandisers.
|$, in thousands||Stores in Arizona, California, Hawaii and Nevada||Total Revenues 2006||Operating Income 2007||Operating Income 2006||Network Revenues 2007||Network Revenues 2006||Home Delivery Revenues 2007||Home Delivery Revenues 2006||Total PBM Claims 2007||Total PBM Claims 2006|
|Longs Drug Stores||510|
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