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Snyders in Delano recently sold to CVS/Pharmacy

March 31, 2008

By Jen Bakken
Staff Writer

Snyders Drug Stores, a regional drug store operator headquartered in Minnetonka, has agreed to sell its Delano store to CVS/Pharmacy, the retail division of CVS Caremark Corporation.

The sale was effective Sunday, and the store was closed for inventory, preparations, and training.

Monday, March 31 marks the first day of business for CVS/Pharmacy in Delano. Most of the existing employees will remain at the store, and hours of operation will be expanded.

The store will be open seven days a week from 7 a.m. to 10 p.m. The pharmacy will be open Monday through Friday from 8 a.m. to 10 p.m., Saturdays from 9 a.m. to 6 p.m., and Sundays from 10 a.m. to 6 p.m. Other aspects of the store will remain as it has in the past.

“Customers will begin seeing CVS private labels, along with exclusive beauty and health products,” said Mike DeAngelis, CVS director of public relations. “We are looking forward to serving the Delano community.”

The first CVS store, selling health and beauty products, was founded in Lowell, Mass. by brothers Stanley and Sidney Goldstein and partner Ralph Hoagland in 1963. CVS stands for Consumer Value Stores.

CVS/Pharmacy is now the nation’s largest retail pharmacy chain, with approximately 6,200 stores across 38 states, according to its web site.

With more than 40 years of growth in the retail pharmacy industry, CVS/Pharmacy generates over 68 percent of its revenue from the pharmacy business.

Snyders has been in the Delano area since 1979 when Carl Ingebrightson opened the franchise.

For years, the store was located where Carquest is today along Highway 12. Ingebrightson sold the franchise in 1996, and then in 2001, the store became corporately owned and moved to its new building in Delano Crossings.

After 29 years in Delano, Snyders closed its doors Saturday.

“Snyders has been pleased and proud to serve our customers in the Delano area,” said Dave Schwartz, Snyders’ president. “We thank them for their loyalty through the years. We also thank our store employees for their outstanding service to the community and wish them well.”

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