CVS to close about 900 stores over next three years, as it shifts to digital strategy


Source: msn.com msn.com

Key Topics in this News Article:

News Snapshot:

CVS Health said Thursday that it will close about 900 stores over the next three years, as it adjusts to shoppers who are buying more online. The company announced in a news release that it will focus more of its efforts on digital growth and turning its stores into destinations that offer a range of health-care services, from flu shots to diagnostic tests. Store closures will begin in spring 2022. The company said it plans to close about 300 per year. In total, the closures will add up to roughly 9% of CVS' approximately 10,000 U.S. stores. CVS is shaking...