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The abbreviation in CVS Pharmacy stands for Consumer Value Stores. It is commonly known as CVS store that set up its footprints in Lowell on 8 May, 1963 and opened its doors by the combined efforts of Stanley and Sidnet Goldstein. The company is recognized as the 2nd biggest retail store of pharmacy across the entire nation of United States and has been regulating its business functions into 3 main parts namely Pharmacy Services, Retail Pharmacy and Corporate. It is a worldwide accepted American company which allows the people to shop a wide variety of products through in stores as well as online. The detailed range of products includes Drugs, Cosmetics and Beauty products, Greeting Cards and Food. In addition to this products, it has also engaged itself in offering various Health care and Film and Photo Finishing services to the customers globally. Although, the corporate office of the retail store is centralized in Woonsocket, Rhode Island, the United States but it has also made its presence in all over the world and has been operating over 7,600 outlets under the name of its own banner. The company, CVS Pharmacy has given employment to 80,000 people in view of 2005. It works as the subsidiary of CVS Caremark Corporation, a company that was incorporated by the integration of CVS Pharmacy and Caremark Rx in the year of 2007. A Mobile application is also introduced by the company for the Smartphone users so that they can get in touch with the services of company anytime and from anywhere. As per the estimation of 2009, the company reported a total Revenue of US$ 55.663 billion.