{"id":1028444,"date":"2021-11-18T17:13:57","date_gmt":"2021-11-18T22:13:57","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1028444"},"modified":"2021-11-18T17:13:59","modified_gmt":"2021-11-18T22:13:59","slug":"cvs-plans-to-close-900-stores-in-next-three-years","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/cvs-plans-to-close-900-stores-in-next-three-years\/","title":{"rendered":"CVS Plans to Close 900 Stores in Next Three Years"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">20<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fcvs-plans-to-close-900-stores-in-next-three-years%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1028444&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><div><img decoding=\"async\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2021\/11\/cvs-pharmacy-Sean-MeyersCVS-Health-via-AP.jpg\" class=\"ff-og-image-inserted\" \/><\/div>\n<p class=\"subheading\">CVS Health said Thursday it plans to shut down 900 locations over the coming three year period, WHDH reported.<\/p>\n<p>The company said it&nbsp;<a href=\"https:\/\/whdh.com\/news\/900-cvs-locations-set-to-close-over-next-3-years\/\">evaluated<\/a> shifts in population, consumer buying patterns, and future health needs to make sure it has the correct kind of stores in the right locations for customers and the business, the outlet stated.<\/p>\n<figure id=\"D-ROS-B1\" class=\"a8d\"><\/figure>\n<figure id=\"M-ROS-B1\" class=\"a8d\"><\/figure>\n<figure id=\"gmxrevmore\" class=\"H\"><\/figure>\n<p>Due to the findings, the company planned to cut back on store density in certain locations and close approximately 300 stores each year over the coming three years, beginning in spring 2022.<\/p>\n<p>\u201cCVS added that they are committed to offering impacted colleagues roles in other locations or different opportunities as part of its overall workforce strategy,\u201d the WHDH article read.<\/p>\n<p>The company <a href=\"https:\/\/cvshealth.com\/news-and-insights\/press-releases\/cvs-health-announces-steps-to-accelerate-omnichannel-health\">detailed<\/a> its plans in the announcement, noting, \u201cAs part of the company\u2019s strategic review of its retail business, CVS Health will also create new store formats to drive higher engagement with consumers.\u201d<\/p>\n<figure id=\"M-ROS-B2\" class=\"a8d\"><\/figure>\n<p>Three models will \u201cserve as community health destinations,\u201d the company said, adding the models were sites dedicated to primary care services, an \u201cenhanced version\u201d of HealthHUB locations, and traditional CVS Pharmacy stores.<\/p>\n<p>The company did not <a href=\"https:\/\/www.youtube.com\/watch?v=gtsIMQkO8M0\">release<\/a> a list of the stores that are set to close, according to CBS Boston:<\/p>\n<p>\n<iframe loading=\"lazy\" title=\"CVS Will Close 900 Stores In The Next 3 Years\" width=\"500\" height=\"281\" src=\"https:\/\/www.youtube.com\/embed\/gtsIMQkO8M0?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe>\n<\/p>\n<p>The increase of online shopping <a href=\"https:\/\/www.breitbart.com\/news\/cvs-health-to-close-hundreds-of-drugstores\/\">reduced<\/a> the need for people to shop at the thousands of stores run by chains such as CVS and Walgreens, according to the Associated Press (AP).<\/p>\n<p>The company has some overlapping store locations, but&nbsp;GlobalData Managing Director Neil Saunders noticed another factor in the change announced Thursday.<\/p>\n<p>He believes CVS neglected its retail business, which sent some of its locations \u201cinto the downward spiral of irrelevance.\u201d<\/p>\n<p>\u201cToo many stores are stuck in the past with bad lighting, depressing interiors, messy merchandising, and a weak assortment of products,\u201d Saunders explained via email. \u201cThey are not destinations or places where people go out of anything other than necessity.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>CVS Health said Thursday it plans to shut down 900 locations over the coming three year period, WHDH reported. The company said it\u00a0evaluated shifts in population, consumer buying patterns, and &#8230;<\/p>\n","protected":false},"author":45,"featured_media":2315279,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1028444","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1028444","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/45"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1028444"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1028444\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2315279"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1028444"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1028444"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1028444"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}