August 23, 2011, 3:47 PM

CVS hires a former Macy’s executive to lead web and stores

Mark Cosby will oversee CVS.com and the chain’s 7,200 retail stores.

Lead Photo

Mark Cosby

CVS Caremark Corp. has hired Mark Cosby as the new president of the CVS/pharmacy retail division. When he starts Oct. 1, Cosby will succeed Larry Merlo, who led the company’s retail business before becoming CEO of CVS Caremark in March.

Cosby will oversee all aspects of the retail business, the retailer says, including CVS.com, 7,200 retail stores and 19 distribution centers.

Cosby comes from Macy’s Inc., where he most recently was president and chief operating officer of Macy’s East. He also worked as president of full-line stores for Sears Holdings Corp., CVS says.

"We're delighted that Mark is joining our team," Merlo says. "His valuable experience at major retailers in operations and strategic planning makes him an excellent choice to lead our retail business going forward.”

CVS Caremark is No. 83 in Internet Retailer’s Top 500 Guide. Sears is No. 7 and Macy’s is No. 17.

 

comments powered by Disqus

Advertisement

Advertisement

Advertisement

From IR Blogs

FPO

Devika Girish / E-Commerce

Eight lesser-known uses of beacons for retailers

Beacons, which communicate with consumers’ smartphones, are most often used to welcome shoppers to stores ...

FPO

Mike Cassidy / E-Commerce

Back-to-school shopping knows no season

Shopping for school peaks during the summer, but it goes on all year long. While ...

Advertisement