CVS to Close Hundreds of Stores

The pharmacy chain says it will close 300 locations each year, for the next three years.

CVS is planning to close hundreds of its stores. The pharmacy chain says it will close 300 locations each year, for the next three years. This comes as CVS announced plans to restructure in order to focus more on primary healthcare. Certain stores are becoming “health hubs” that focus on clinical services and health products. CVS says employees impacted by the closures will be offered positions elsewhere in the company. So far, a list of locations poised to close was not immediately available. The changes are expected to to start sometime in the spring of next year.