CVS Pharmacy to Close 900 Stores by the End of 2024, Citing Shoplifting as Major Problem
The CVS pharmacy chain has announced that it is closing 900 stores by the end of 2024, citing shoplifiting as a major issue.
This news comes at the same time that Target has announced the closure of nine stores for similar reasons.
The Daily Mail reports:
CVS says it will close NINE HUNDRED stores by the end of 2024 – 10% of all its shops – as it moves to online strategy amid rampant increase in shoplifting
CVS is set to close hundreds of stores across the country as it undergoes a complete retail overhaul – as more outlets move towards online sellers amid rampant increases in crime.
The major drugstore chain is coming to the end of a policy launched in 2021 which will see 300 stores closed each year – meaning 900 will have shuttered by 2024.
