3/1/1982 - Corner Drug & Convenience (CDC) - CORPORATE ANNOUNCEMENT

Corner Drug & Convenience (CDC) announced a new corporate strategy today. In response to increased competitive pressures, CDC will focus more on its drug store business and reduce its plan to diversify its businesses. Company officials said that the tighter ship should prove a good strategy in the years ahead.

About Corner Drug & Convenience (CDC):
Corner Drug & Convenience (CDC) has CDC stores in the United States and Puerto Rico. Prescription drugs account for more than half of sales; the rest comes from general merchandise, over-the-counter medications, cosmetics, and groceries. CDC builds rather than buys stores, so it can pick prime, high-traffic locations. For added convenience, about half of its stores offer drive-through pharmacies, and most offer one-hour photo processing.