CVS closing 900 stores PHOTO: fileCVS Health said Thursday it will close 900 stores over the next three years, nearly 10% of its U.S. store locations.
In a statement CVS said, "The company has been evaluating changes in population, consumer buying patterns and future health needs to ensure it has the right kinds of stores in the right locations for consumers and for the business. As part of this initiative, CVS Health will reduce store density in certain locations and close approximately 300 stores a year for the next three years. The company is committed to offering impacted colleagues roles in other locations or different opportunities as part of its overall workforce strategy. These changes will begin in the spring of 2022."
The company has not disclosed what stores will close nor the implications to the workforce in Rhode Island.
Some existing stores will be transformed into so-called health hubs with offerings such as diagnostic testing, mental-health services, and hearing exams.
“The company has been evaluating changes in population, consumer buying patterns and future health needs to ensure it has the right kinds of stores in the right locations for consumers and for the business,” CVS said in a statement.
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