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CVS closing 900 stores as shoppers move online
The Hill ^ | 11/18/2021 | MONIQUE BEALS

Posted on 11/18/2021 9:28:25 AM PST by ChicagoConservative27

CVS Pharmacy announced on Thursday that it would close roughly 900 stores in the next three years.

The company said in a statement it was "evaluating changes in population, consumer buying patterns and future health needs to ensure it has the right kinds of stores in the right locations for consumers and for the business."

"We remain focused on the competitive advantage provided by our presence in thousands of communities across the country, which complements our rapidly expanding digital presence," CEO Karen S. Lynch said in the statement.

(Excerpt) Read more at thehill.com ...


TOPICS: Business/Economy; Culture/Society; Government; News/Current Events
KEYWORDS: closing; cvs; online; stores
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To: telescope115

It seems to be the ones in saturation. One I know of that closed there’s 2 grocery stores on the same intersection, another Walgreens a mile away, with another grocery store on that intersection then a CVS another half a mile down the street.


61 posted on 11/18/2021 11:58:15 AM PST by discostu (Like a dog being shown a card trick )
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To: Sacajaweau

My daughter worked in a 24 hour pharmacy while going through school. They got business all night long.


62 posted on 11/18/2021 12:11:24 PM PST by pas
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To: ChicagoConservative27

Blowback from virtue signaling and putting off the customers? I don’t smoke cigarettes but stopped going to cvs when they removed the cigarettes “to promote healthier choices”.


63 posted on 11/18/2021 1:17:17 PM PST by PhiloBedo (You gotta roll with the punches, and get with what's real.)
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To: PhiloBedo

CVS also stopped carrying machine made cigars.

Those were very popular in the “hood” for hiding drugs—clearly a racist decision.

;-)


64 posted on 11/18/2021 1:24:42 PM PST by cgbg (A kleptocracy--if they can keep it. Think of it as the Cantillon Effect in action.)
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To: Osage Orange

SF-SJ Bay Area. Silicon Valley.


65 posted on 11/18/2021 1:27:35 PM PST by CatOwner (Don't expect anyone, even conservatives, to have your back when the SHTF in 2021.)
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To: CatOwner
SoCal...born in Anaheim.

Married and moved to Riverside....

Moved to NE OK...in 98-99

66 posted on 11/18/2021 1:30:09 PM PST by Osage Orange (1961 VW Two Door Truck)
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To: Osage Orange
SoCal...born in Anaheim.
I wasn't born there but I spent the funnest years of my teenage life there. Brookhurst and Ball. Magnolia highschool.

Left there around 1969-70

I've missed it ever since.

67 posted on 11/18/2021 2:06:10 PM PST by lewislynn (Fox news: the most irrelevant after the fact useless news source...Fake news? try NO news)
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To: lewislynn
Thumbed to Newport to surf at 56th St....too many times..

I have some stories.....

68 posted on 11/18/2021 2:18:01 PM PST by Osage Orange (1961 VW Two Door Truck)
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To: CatOwner

The hospital pharmacy is the only one I’ve encountered that operates 27/7.


69 posted on 11/18/2021 2:38:41 PM PST by steve86 (Prophecies of Maelmhaedhoc O'Morgair (Latin form: Malachy))
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To: steve86

24/7


70 posted on 11/18/2021 2:39:09 PM PST by steve86 (Prophecies of Maelmhaedhoc O'Morgair (Latin form: Malachy))
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To: tennmountainman
CVS has failed.

Nope. CVS owns AETNA and AETNA has a policy of preferred purchases from CVS vs other pharmacies. Combined, they are too big to fail. There problem here locally is they have 5 outlets in a town that really needs only two.

CVS has been pushing on line ordering and delivery of prescriptions for years. The VA has done that for me for years also. It is more convenient for them with less overhead.

CVS has been very good to us in general, but I think that is due to the local hires not necessarily the chain's policies.

71 posted on 09/26/2023 4:24:50 PM PDT by pfflier
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To: pfflier

I think you posted your comment to wrong Freeper.


72 posted on 09/26/2023 6:14:41 PM PDT by tennmountainman (FUJB)
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