CVS STUMBLES, BUT DRUG STORE OUTLOOK REMAINS POSITIVE

WOONSOCKET, R.I. -- CVS Corp. here last week unveiled a restructuring plan that will entail closing about 200 stores and other measures designed to improve profitability.Analysts said that the moves do not indicate any fundamental problems in the drug store industry, however."I think it is a CVS problem and not an industry problem," said Derek Lechow, investment analyst, Barrington Research, Chicago.

WOONSOCKET, R.I. -- CVS Corp. here last week unveiled a restructuring plan that will entail closing about 200 stores and other measures designed to improve profitability.

Analysts said that the moves do not indicate any fundamental problems in the drug store industry, however.

"I think it is a CVS problem and not an industry problem," said Derek Lechow, investment analyst, Barrington Research, Chicago. "Overall industry fundamentals seem very strong at this point."

CVS

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