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CVS closing 900 locations, adding 'new store formats'

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SAN FRANCISCO (KRON) — CVS is planning to shut a complete of 900 stores about the future 3 several years, the firm introduced Thursday.

The initial 300 outlets will start out closing in spring 2022.

CVS stated it has been “evaluating modifications in inhabitants, client buying styles and upcoming health demands” to make guaranteed it has its spots in the right places.

Workforce at the closing merchants will get alternatives to relocate or get the job done in an additional potential with CVS, the organization said.

Aspect of the company’s system also involves building “new retailer formats,” which indicates the remaining shops will be modified into three varieties: websites that are dedicated to supplying key treatment services, an improved model of HealthHUB areas, and the traditional CVS Pharmacy retail outlet.

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Walgreens also has introduced various retailer closures, with at least 5 in San Francisco. Nonetheless, the business claimed it can be because of to fears over “ongoing arranged retail criminal offense” in the metropolis.

San Francisco leaders rapidly refuted that declare, believing that the local closures had been associated to Walgreens’ broader approach to near about 200 spots nationwide.

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