CVS to close 270 more stores in 2025
A CVS pharmacy in Pinole, California, US, on Tuesday, July 18, 2023. Photographer: David Paul Morris/Bloomberg via Getty Images
CVS Pharmacy is continuing its nationwide store realignment, announcing plans to close an additional 270 locations this year.
Why is CVS closing over 200 stores?
What we know:
The closures come as part of a strategy first announced in November 2021, in which CVS aimed to reduce store density and better position its pharmacies to meet consumer needs.
READ MORE: Here are the stores that are closing in 2025
Between 2022 and 2024, the company closed 900 locations and opened 100 new stores.
What they're saying:
A CVS spokesperson said the decisions are based on several factors, including population shifts, consumer buying patterns, store and pharmacy density, and community health needs. The company emphasized that the closures are a long-planned strategic move, not a reaction to industry pressures.
"Even after the realignment work, 85% of people in the U.S. will still live within 10 miles of a CVS Pharmacy," the spokesperson said.
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CVS is the largest retail pharmacy chain in the country with over 9,000 locations.
CVS stores opening in Target
Another 30 new locations, including those inside Target stores, are set to open in 2025.
What we don't know:
The pharmacy giant has not announced specific store locations that will be closing. However, they plan to target areas with overlapping locations or low foot traffic.
The Source: The information in this report comes from CVS Pharmacy.