Is it true that CVS is going to close 900 stores?
Is it true that CVS is going to close 900 stores?
user
In 2017, CVS will close 700 stores, which is about 1 in 4 of their total number of stores.
assistant
I meant in 2021.
user
Ah, 2021 -- CVS will be announcing more store closures in 2021.
assistant
Why is it closing stores?
user
CVS is struggling to turn profits, and so one way they are doing that is by closing underperforming stores.
assistant
Thank you for this information.
user