CVS to close ‘select’ pharmacies in Target stores in the coming months
Publishing timestamp: 2024-01-11 15:45:10
Summary
CVS Health plans to close select pharmacies inside Target stores early this year as part of its effort to reduce its retail footprint. The closures will begin in February and finish by the end of April. Employees affected by the closures will be offered comparable roles within CVS, and prescriptions will be transferred to nearby CVS pharmacies before the locations close. The exact number of stores to be shuttered was not disclosed, but it is reported that CVS will close "dozens" of locations. This decision comes as CVS aims to transform itself into a large healthcare company and follows its acquisitions of Signify Health and Oak Street Health.
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Keywords: health care industry, business, breaking news: business, united states, pharmaceuticals, target corp, cvs health corp, retail industry, business news, biotechnology, biotech and pharmaceuticals,