Phar-Mor Inc Information

Phar-Mor is a retail drugstore chain operating 139 stores under the names "Phar-Mor", Pharmhouse" and "The Rx Place" in 24 states with annual revenues of approximately $1.3 billion. Phar-Mor aggressively accomplishes its mission of offering customers a broad product mix and low prices. Phar-Mor's motto is "Don't Pay Drugstore Prices!" Phar-Mor opened its doors to the public in 1982. This was the beginning of the Phar-Mor concept which merges the typical pharmacy / drugstore with a department store, offering customers convenience and great prices. Phar-Mor is committed to its customers and to being the leader in our industry. Customers in Phar-Mor stores are always amazed by both the selection of merchandise and the tremendous values. Everyday discounts of up to 50%, low cost videotape rentals, and low price guarantees on prescriptions project and reinforce the value image to every customer. We are in the process of remodeling many of our stores to incorporate our "Super Phar-Mor" concept that offers food products in a warehouse atmosphere without the warehouse club fees. Our Super Phar-Mor stores put us in a great position to challenge the food stores and the supermarkets for prices in all of our locations. Phar-Mor also recently acquired 32 locations from the Pharmhouse Corporation. Phar-Mor is one of the leading retailers of vitamins, minerals, herbs, and nutritional supplements in the United States. We've brought that leadership to the Internet with the recent opening of PVSvitamins.com - the online Phar-Mor Vitamin Store. This bold move onto the Worldwide Web will position Phar-Mor appropriately for the coming century. "The addition of the Pharmhouse and Rx Place stores to the Phar-Mor chain, along with the recent launch of our online vitamin, pharmacy, and contact lens stores, accessible via our corporate site at http://www.pharmor.com/, or vitamins at http://www.pvsvitamins.com/, and lenses at http://www.pharmorlens.com/, accelerates our growth strategy," said David Schwartz, President and Chief ...