Connect with us


CVS to Close 300 Stores Per Year for Three Years

Retailer adopts strategy to create new formats, reduce density




As part of a strategic review of its retail business, CVS Health (Woonsocket, R.I.) will create new store formats: stores dedicated to offering primary care services; enhanced versions of its HealthHub locations focused on health and wellness; and traditional CVS Pharmacy stores, according to a press release.

The retailer will also reduce store density in some locations, closing about 300 stores per year for the next three years, beginning in spring of 2022.

“Our retail stores are fundamental to our strategy and who we are as a company,” said Lynch. “We remain focused on the competitive advantage provided by our presence in thousands of communities across the country, which complements our rapidly expanding digital presence.”

Jennifer Acevedo is the editor-in-chief and associate publisher of VMSD magazine.



Embracing Whole-Brained Thinking in the Design Journey

Strategy needs creative, and creative needs strategy—yep, having both is really the only way of unifying all disciplines with a common vernacular with an eye toward building a strong creative vision that is foundational to the processes. Hear from Bevan Bloemendaal, former VP, Global Environments & Creative Services at Timberland, how to connect the dots between disciplines, claiming and creating a clear differentiation for the brand and ensuring that any asset (experience, product, ad, store, office, home, video, game) is created with intention.

Promoted Headlines

Most Popular