WOONSOCKET, R.I. -- CVS Corp.'s decision earlier this year to pay nearly $3 billion for Albertsons Inc.'s freestanding Osco and Sav-on stores was one that will provide the drug chain with immediate benefits and help keep it atop the industry for years to come, according to executives.
For the short term CVS is greatly strengthening its position in markets where until now it has only made minor inroads.
For the long term the expanded store base and the sheer size of the retailer's business (more than 6,100 stores coast to coast) will give it unprecedented buying power and sway with suppliers.
It will also position the chain to capture more of what is certain to be …
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