History
The first store owned by the Long family was in Covelo, California.
- Longs Stores was founded in 1938 as Longs Self-Service Drugs, by brothers Thomas and Joseph Long (son-in-law of Marion Barton Skaggs, co-founder of Safeway Inc.), with the opening of their first store on Piedmont Avenue in Oakland, California.
- Longs opens its first store in Hawaii, on March 29, 1954, in Honolulu.
- Longs first store in a shopping center opens in 1955.
- In 1971 Longs reports sales of $169 million from its 54 stores. Shares of the company become listed on the New York Stock Exchange under the ticker symbol LDG.
- Enters the Alaska market in 1977.
- Enters the Arizona and Oregon markets in 1978.
- Enters the Nevada market in 1979.
- In 1982 Longs has 162 stores and exceeds $1 billion in sales.
- In June 1987 Longs acquires 11 Osco drugstores in California and one in Colorado. They also sell 15 stores in Arizona to Osco.
- Sales surpass $2 billion for the first time in 1990.
- In 1993 Longs purchases Bill's Drugs, a 20-store chain located in Northern California, for $23.9 million.
- In 1995 Longs forms Integrated Health Concepts, a Pharmacy Benefit Management company. They also close their 2 stores located in Alaska.
- In 1997 Longs and American Drug Stores Inc. (subsidiary of Albertson's Inc. at the time) merge their pharmacy benefit management companies to create RxAmerica, with each company retaining 50% ownership.
- In July 1998 Longs acquires 20 Drug Emporium stores from Western Drug Distributors, Inc. 18 of the stores were located in western Washington and two in the Portland, Oregon, area.
- Rite Aid sells Longs 32 stores located in California for $150 million in October 1999.
- On September 17, 2001, Longs exercised its option to acquire Albertson's interest in RxAmerica and established full ownership of the PBM.
- In 2003 Bob Long steps down as Chairman and CEO, marking the first time in the history of Longs Drugs that a member of the founding family was not involved in the company.
- In 2004 Longs acquires Sacramento, California based American Diversified Pharmacies (ADP), a mail order pharmacy.
- On January 1, 2006, RxAmerica begins offering Medicare Part D prescription drug plans in all 50 states and the District of Columbia.
- In June 2006 Longs purchases assets including 21 retail pharmacies, from Network Pharmaceuticals, Inc. The Network pharmacies are located close to the point of care (such as hospitals, clinics, and medical office buildings), and are much smaller than Long's traditional retail stores with an average of approximately 1,100 square feet (100 m2). Longs also announced an agreement to purchase 4 stores from PharMerica, Inc., a subsidiary of AmerisourceBergen Corporation, that are similar in size.
- In 2007 Longs closes all 23 stores located in Washington, Oregon, and Colorado, citing the limited number of stores and no plans to further develop these markets. They also close 7 stores in California.
- In 2008, CVS/pharmacy acquires Longs Drugs
- In 2011, CVS plans to close the 90,000 sq ft (8,400 m2) flagship superstore in Oakland, CA, due to property redevelopment plans.
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