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[28] [29] In 1962, Osco's headquarters was moved from Chicago's Merchandise Mart to Melrose Park, Illinois, and the first side-by-side "Jewel-Osco" store opened. The early Jewel-Osco combination (combo) stores were two individual stores, separated by an interior wall (and in some locations, a half-wall), allowing a customer to go back and forth ...
In 1984, American Stores bought Jewel, which had owned Osco Drug since 1961. American Stores was purchased in 1999 by Albertsons. In 2006, Albertsons was broken up and many standalone Osco stores were purchased by CVS Pharmacy. The Osco name remains in place as the drug store component of Jewel-Osco and Shaw's-Osco stores.
In 1980, CVS became the 15th largest pharmacy chain in the U.S., with 408 stores [21] and $414 million in sales. In 1988 CVS celebrated its 25th anniversary, finishing the year with nearly 750 stores and sales of about $1.6 billion.
All free-standing Osco drugstores are now owned by CVS Pharmacy. The Osco name is still used for pharmacies within Albertsons, Jewel, Shaw's and Star Market. SuperValu announced on January 5, 2007, that it would offer for sale its Jewel-Osco stores in the Milwaukee area. [64] [65] Pick 'n Save agreed to take 5 of the 15 stores. [66]
CVS is the top U.S. pharmacy in terms of prescription drug revenue, holding more than 25% of the market share in 2023, according to Statista data released in March. Walgreens trailed behind with ...
After Jewel was acquired by American Stores in 1984, the Star-Osco stores were re-launched as Star Markets, and placed under a single management team. In 1999, Albertsons acquired American Stores, and in 2001, Albertsons sold its 80 New England Osco Drug locations to Jean Coutu group, which added them to its Brooks Pharmacy group. When American ...
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CVS Pharmacy is one of the largest retail pharmacy chains in the United States, with 9,600 stores located in all 50 states, [42] the District of Columbia, and Puerto Rico, operating primarily under the CVS Pharmacy, CVS, Longs Drugs, Navarro Discount Pharmacy and Drogaria Onofre names. [43]