CVS Is Closing 900 Stores!


CVS just announced that they will close 900 stores over the next three years as a result of the changing of "consumer buying patterns." The drug store chain said the closures will result in a retail presence that ensures it has the "right kinds of stores in the right locations for consumers and for the business." The locations that are closing have not been released yet, but they will start closing beginning next spring. The company plans on remodeling some stores to include more health services, such as primary care, and an "enhanced version" of its HealthHub layout. According to CVS CEO Karen Lynch,

"We remain focused on the competitive advantage provided by our presence in thousands of communities across the country, which complements our rapidly expanding digital presence."

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