Sun's rise & fall
Article Abstract:
Groveport, OH-based Sun Television and Appliances Inc., a financially-troubled chain of appliance stores, has submitted an application for Chapter 11 bankruptcy protection on Sep. 16, 1998. Sun Television and Appliances also sought the approval for the bankruptcy court for its planned shutdown of 29 outlets, which are inclusive of one Johnstown, PA, outlet and six Pittsburgh, PA, stores. Sun Television and Appliances' chief executive and chairman, R. Carter Pate, cited that the firm's bankruptcy reorganization will enable it to both shut down its money-losing outlets and to create a plan that will restore the chain's financial health.
Comment:
Submits an application for Ch 11 bankruptcy protection on 9/16/98
Publication Name: Pittsburgh Post-Gazette (PA)
Subject: Business, regional
ISSN:
Year: 1998
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Drug store name changes aren't done yet
Article Abstract:
CVS/pharmacy, a Woonsocket, RI-based drug store chain, yesterday celebrated the conversion of 68 Revco pharmacies in greater Pittsburgh, PA. CVS expects to complete the change in name as well as the refurbishing of 2,100 Revco chain stores it acquired in May 1997 from Twinsburg, OH-based Revco by October 1998. To date, CVS' portfolio of over 4,000 drug stores makes it the largest drug store chain in the US. An additional 15 to 20 new CVS pharmacies are also expected to open by the end of 1999. The moves are in line with conversion trends in pharmacy industry that other drug firms have completed or are still undertaking.
Comment:
Celebrates the conversion of 68 newly acquired Revco pharmacies in greater Pittsburgh, PA
Publication Name: Pittsburgh Post-Gazette (PA)
Subject: Business, regional
ISSN:
Year: 1998
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