CVS Health will close dozens of pharmacies inside Target stores as the drugstore chain confronts escalating costs.
The closures involving a number of CVS’ 1,800 locations in Target stores will start in February and end by early April. The closures are part of an effort to “realign our national retail footprint and reduce store and pharmacy density,” a CVS spokesperson said in an email.
Impacted employees will be offered comparable roles within CVS, the spokesperson stated.
retailer for about $1.9 billion.
Minneapolis-based Target, which operates 1,950 discount stores across the U.S., referred a request for comment to CVS.
CVS had said it would close about 900 of its 9,000 stores between 2022 and 2024. By the close of 2023, the company had shut roughly 600 of those locations.
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