CVS Health to close hundreds of drugstores over next three years

Source: ABC News

“CVS Health will close hundreds of drugstores over the next three years, as the health care 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 explosive growth of online shopping has blunted the need for CVS and Walgreens to operate a vast network of drugstores that are just a few minutes’ drive from most American homes.” (11/18/21)

https://abcnews.go.com/Business/wireStory/cvs-health-lays-plan-close-hundreds-drugstores-81254461