CVS Announces It’s Closing Stores For Good

Over the last few decades, CVS Pharmacy has become a ubiquitous part of the American landscape. According to CVS, the vast majority of Americans have a CVS store within driving distance of their home. However, that will all be changing because CVS has just announced that they will be closing down about 900 poor-performing stores in an effort to bolster their bottom line and focus on the stores that are delivering as much value as possible to customers across the country.

The 900 stores will close over a span of three years. Instead of putting their money into being the neighborhood convenience store, CVS wants to focus more on providing healthcare to customers. That’s why they will be promoting their HealthHUBs and Minute Clinic locations to people who are looking for affordable alternatives to expensive healthcare visits like going to the emergency room or the doctor’s office.
CVS announced its decision to close 900 stores as a result of its effort to focus more on healthcare and the growing demand for digital experiences. In total, the company will close about 10 percent of its 10,000 stores. They will close 300 stores per year until they reach thee 900 mark. CVS plans to close the first three hundred stores beginning in spring 2022.

The company hopes to place employees who work at the stores affected by the closure at other store locations or elsewhere in the company. The business does not want to force its hard-working employees onto the street and would rather transfer them to another post within the national company.