CVS to Close Pharmacies in Select Target Stores
Originally Published 2 years ago — by CNBC
CVS Health plans to close select pharmacies inside Target stores in the coming months, with closures beginning in February and finishing by the end of April. The company did not disclose the exact number of stores to be shuttered, but a report suggested "dozens" of locations. This decision is part of CVS' effort to reduce its retail footprint based on changes in population, consumer buying patterns, and future health needs. CVS has been pushing to transform itself from a major drugstore chain into a large healthcare company, with recent acquisitions and cost-cutting measures. Employees affected by the closures will be offered comparable roles within CVS, and prescriptions will be transferred to nearby CVS pharmacies before the locations close.