CVS Pharmacy continues its store realignment strategy, announcing plans to close 270 additional locations nationwide this year. This follows the closure of 900 stores between 2022 and 2024 as part of a plan to optimize store density and better serve customer needs. While the company hasn't revealed specific closure locations, they aim to focus on areas with overlapping stores or low foot traffic.
CVS Pharmacy is continuing its nationwide store realignment, announcing plans to close an additional 270 locations this year. The closures come as part of a strategy first announced in November 2021, in which CVS aimed to reduce store density and better position its pharmacies to meet consumer needs . Between 2022 and 2024, the company closed 900 locations and opened 100 new stores.
A CVS spokesperson said the decisions are based on several factors, including population shifts, consumer buying patterns, store and pharmacy density, and community health needs. The company emphasized that the closures are a long-planned strategic move, not a reaction to industry pressures. \'Even after the realignment work, 85% of people in the U.S. will still live within 10 miles of a CVS Pharmacy,' the spokesperson said. CVS is the largest retail pharmacy chain in the country with over 9,000 locations. Another 30 new locations, including those inside Target stores, are set to open in 2025. The pharmacy giant has not announced specific store locations that will be closing. However, they plan to target areas with overlapping locations or low foot traffic
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