CVS to close 900 locations over next three years

3 years ago 344

AMY SANCETTA/AP

FILE - In this Aug. 3, 2006 record photo, customers instrumentality vantage of the thrust done pharmacy model extracurricular a CVS cause store successful a Bainbridge Twp., Ohio. CVS Caremark Corp. said Monday, Feb. 8, 2010, its nett roseate 11 percent successful the 4th fourth arsenic results improved for its pharmacy benefits absorption business, which has mislaid billions successful contracts for the caller year.(AP Photo/Amy Sancetta, File)

Posted at 2:32 PM, Nov 18, 2021

and past updated 2021-11-18 15:32:12-05

CVS says it's readying to adjacent astir 900 stores implicit the adjacent respective years.

On Thursday, the institution announced it would adjacent 300 stores per twelvemonth implicit the adjacent 3 years.

"Our retail stores are cardinal to our strategy and who we are arsenic a company," said Lynch. "We stay focused connected the competitory vantage provided by our beingness successful thousands of communities crossed the country, which complements our rapidly expanding integer presence," the institution said successful a quality release.

The changes are slated to statesman successful outpouring 2022.

A database of locations poised to adjacent was not instantly available.

The institution said they would absorption connected restructuring immoderate locations to absorption much connected superior healthcare, including becoming wellness hubs that'll absorption connected objective services and wellness products.