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CVS closing hundreds of its drugstores
over the next 3 years

Original Article

Posted By: AltaD, 11/18/2021 1:09:52 PM

CVS Health will close hundreds of drugstores over the next three years, as the retail giant adjusts to changing customer needs and converts to new store formats. The company said Thursday that it will close about 300 stores a year for the next three years, nearly a tenth of its roughly 10,000 retail locations as it reduces store count density in some places. The company said Thursday that it has been evaluating population changes, customer buying patterns and future health needs to “ensure it has the right kinds of stores in the right locations.”(Snip) explosive growth of online shopping has blunted the demand for such in-person convenience.

Comments:

AP fails to mention that items cost more at CVS than at rival stores and big cities won't prosecute shoplifters.

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Reply 1 - Posted by: Californian 11/18/2021 1:13:09 PM (No. 981635)
In other words, "CVS closing stores in high crime areas where local politicians encourage mass retail theft".
51 people like this.

Reply 2 - Posted by: SilkCity 11/18/2021 1:38:14 PM (No. 981662)
Expect moaning about "drugstore oases" any minute...
25 people like this.

Reply 3 - Posted by: SilkCity 11/18/2021 1:40:36 PM (No. 981664)
Correction, "desert"
15 people like this.

Reply 4 - Posted by: Northcross 11/18/2021 1:49:15 PM (No. 981675)
The company said Thursday that it has been evaluating population changes, customer buying (or stealing) patterns and future health needs to “ensure it has the right kinds of stores in the right locations.” Translation- No more stores in the 'hood.
31 people like this.

Reply 5 - Posted by: john56 11/18/2021 1:52:25 PM (No. 981680)
Maybe those mile-long coupon reciepts might be running up their costs, too. Usually, with coupons, extra bucks, and other discounts, CVS prices are close to discount stores.
19 people like this.

Reply 6 - Posted by: YorkieMom 11/18/2021 1:54:12 PM (No. 981683)
Too bad the innocent ones in the bad neighborhoods will suffer.
20 people like this.

Reply 7 - Posted by: Strike3 11/18/2021 3:29:13 PM (No. 981749)
Signs printed for windows of closed stores. "Please visit your nearest Walgreens."
10 people like this.

Reply 8 - Posted by: paral04 11/18/2021 3:51:15 PM (No. 981771)
You can expect many more retailers to bail from these same changing population areas.
13 people like this.

Reply 9 - Posted by: DVC 11/18/2021 4:03:49 PM (No. 981786)
CVS pulled all ivermectin out of their drug warehouses in KC area and refused to fill a friend's prescription. He went to another pharmacy and had it filled without problems. CVS is dead to me. I already quit using their pharmacy due to high prices, now will just stay out.
11 people like this.

Reply 10 - Posted by: Luke21 11/18/2021 4:25:13 PM (No. 981802)
Asspress twists itself into knots to spread lies and one sided narratives.
5 people like this.

Reply 11 - Posted by: udanja99 11/18/2021 6:09:58 PM (No. 981865)
Translation - CVS closing all stores in blue cities.
7 people like this.

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CVS Health will close hundreds of drugstores over the next three years, as the retail giant adjusts to changing customer needs and converts to new store formats. The company said Thursday that it will close about 300 stores a year for the next three years, nearly a tenth of its roughly 10,000 retail locations as it reduces store count density in some places. The company said Thursday that it has been evaluating population changes, customer buying patterns and future health needs to “ensure it has the right kinds of stores in the right locations.”(Snip) explosive growth of online shopping has blunted the demand for such in-person convenience.
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