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CVS is set to close hundreds of stores across the country as it undergoes a complete retail overhaul – as more outlets move towards online sellers amid rampant increases in crime.
CVS, the largest US chain, closed 244 stores between 2018 and 2020. In 2021, it announced plans to close 900 stores. And Rite Aid filed for bankruptcy last year and will close up to 500 stores.
CVS’ announcement Thursday that it will close 900 stores over the next three years — around 10% of its pharmacies — may have caught some shoppers off guard.
Less than a week after a walkout disrupted the nation’s largest retail pharmacy chain – and after a flurry of memos, meetings and a written apology from a company president – CVS pharmacists plan...
On Feb. 27, CVS closed a store on 4th and Massachusetts Ave., NW, in Washington, D.C., a company spokesperson previously confirmed to Best Life. CVS is closing four locations in the coming weeks, also shutting down a distribution center by the middle of May.
CVS is continuing to shutter storefronts in the new year and plans to close select pharmacies inside Target locations in the coming months. The closures are set to begin in February and should be...
CVS Health is closing 46 of its stores, saying the locations were "underperforming" as the drugstore chain continues to shift more of its retail presence toward health care services. The move...
CVS, Walgreens and Rite Aid are eliminating some locations as they face rising competition for these items from Amazon, big-box stores with pharmacies like Walmart, and Dollar General in rural...
The drugstore and health-care chain announced a slew of changes planned before the end of 2024.
Swathes of drug stores across the U.S. are shuttering branches, with CVS, Walgreens, Rite Aid and independent pharmacies all announcing closures over the last two years.