US supermarket giant CVS has
named Mark S. Cosby as the new
President of its CVS/pharmacy
division, which operates more than
7200 stores across the USA.
52-year-old Cosby moves from a
senior role with US department
store chain Macy’s.
The appointment comes as CVS
this week settled a US$2 million
consumer lawsuit which alleged the
company had engaged in false
advertising and “price-scanning
violations” - i.e. charging amounts
greater than the lowest advertised
price at some of its stores.
CVS has not admitted wrongdoing
but has agreed to pay over $1m in
penalties and institute a “scanner
accuracy program”.The above article was sent to subscribers in Pharmacy Daily's issue from 23 Aug 11 To see the full newsletter, see the embedded issue below or CLICK HERE to download Pharmacy Daily from 23 Aug 11
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