CVS Plans to Close 900 Stores in Next Three Years

CVS Plans to Close 900 Stores in Next Three Years

CVS Health said Thursday it plans to shut down 900 locations over the coming three year period, WHDH reported.

The company said it evaluated shifts in population, consumer buying patterns, and future health needs to make sure it has the correct kind of stores in the right locations for customers and the business, the outlet stated.

Due to the findings, the company planned to cut back on store density in certain locations and close approximately 300 stores each year over the coming three years, beginning in spring 2022.

“CVS added that they are committed to offering impacted colleagues roles in other locations or different opportunities as part of its overall workforce strategy,” the WHDH article read.

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The company detailed its plans in the announcement,

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