CVS to close dozens of Target pharmacy locations
CVS Health Corp. plans to close dozens of its locations in Target discount stores as the drugstore chain grapples with rising costs in its pharmacy business.
A number of CVS’s 1,800 pharmacies in Target stores will be closed between February and April, a CVS spokesperson said, without specifying the exact count.
The closures are part of a plan to “realign our national retail footprint and reduce store and pharmacy density,” the spokesperson said.
The biggest U.S. drugstore chain, CVS has been cutting costs and warned investors back in August that rising expenses in its pharmacy and insurance businesses will take a toll on profit over the next two years. Last year, the chain also implemented a restructuring plan to streamline operations and reduce costs, which included eliminating 5,000 non-customer-facing positions.
Related Articles
Target, other major retailers will stop selling ‘water beads’ marketed to kids due to safety concerns
More Stories
AI Meeting Recorder for Growing Businesses: Turning Meetings Into Action
The difficulty is usually not having the meeting. It is making sure the information survives it. An AI meeting recorder...
When Do You Need a Consulting Firm for Conducting Corporate Internal Investigations?
Executives often face an early decision about whether internal teams can investigate effectively, or when to step in and engage...
How to Compare CBD Flower Quality: Growing Method, Freshness, Aroma and Batch Testing
Growing method, harvest handling, storage, aroma, moisture, trimming and batch testing can all influence how a flower looks, smells and...
How Automation Helps Improve Sample Processing in Research
Automation can help laboratories process samples efficiently while supporting accuracy, traceability, and repeatable workflows. It does not replace the knowledge...
Pension ULIP Explained: Why Sales Jumped 10x in FY26 and Should You Buy One?
This shift helps explain why pension ULIP sales reportedly rose nearly tenfold in FY26. A unit linked pension plan brings...
How to Choose the Best Multi Currency Account for Your Business
Yet, companies managing global cash flows through standard single-currency banking infrastructure routinely encounter severe friction: unexpected intermediary deductions, days-long settlement...
