CVS Restructuring: Over 250 Stores set to close
Capital – May 21, 2024 – The drugstore chain CVS is undergoing a major restructuring, resulting in the planned closure of over 250 stores across the United States. This decision, stemming from a strategic review, aims to streamline operations, improve efficiency, and cut costs. This CVS restructuring underscores a significant shift in the retail landscape, and is expected to continue.
CVS Restructuring: Over 250 Stores set to Close
CVS, a major drug store chain, is embarking on a significant restructuring effort that will result in the closure of more than 250 stores across the United States in the coming months. This move is part of a broader strategy to streamline operations and adapt to evolving market conditions.
Strategic Review and Cost Reduction
The decision to close these stores follows a strategic review
of CVS’s retail business. According to the company’s February financial filings, this review is designed to streamline and simplify the institution, improve efficiency and reduce costs.
Did You Know?
CVS previously closed approximately 900 stores between 2022 and 2024,indicating an ongoing trend of optimizing their retail footprint.
Locations Impacted
The closures will affect stores in multiple states, including:
- Alabama
- California
- Florida
- Georgia
- indiana
- Illinois
- Iowa
- Maryland
- Massachusetts
- Michigan
- Missouri
- New York
- North Carolina
- Ohio
- Pennsylvania
- Texas
- virginia
- Washington, D.C.
Reasons for Closure
A CVS spokesperson explained that the closures are based on several factors. These include:
- Population changes
- Consumer buying patterns
- Store and pharmacy density
- Access to other pharmacies
- Community health needs
These factors collectively influence the decision-making process for store closures, ensuring that CVS can best serve its customers while optimizing its business operations.
Pro Tip
Customers affected by store closures should check the CVS website or contact customer service to find the nearest choice location and transfer prescriptions.
Industry-Wide Trend
CVS is not alone in this trend. Walgreens, another major drugstore chain, announced earlier this month its plan to close as many as 500 underperforming
locations this year. In 2024, CVS also closed dozens of its locations within Target stores, reflecting a broader shift in the retail pharmacy landscape.
Confirmed Store Closures
While CVS has not released a extensive list of all 270 stores slated for closure, Newsweek has compiled a list of locations that have either already closed or have announced scheduled closures in 2025:
Alabama
- 2901 Morgan Rd., Bessemer
- 3303 Clairmont Ave., Birmingham
California
- 499 haight St., San Francisco
- 1701 K St., Sacramento
Florida
- 3090 S. Monroe St., Tallahassee
- 13300 E. Colonial Dr., Orlando
- 2201 Edgewater Dr., Orlando
Georgia
- 439 Highland Blvd., atlanta
Illinois
- 8639 S. Cicero Ave., Chicago
- 401 W. Armitage Ave., Chicago
- 2000 Skokie Valley Rd., Highland Park
Indiana
- 9550 Allisonville Rd., Indianapolis
Iowa
- 2420 Lincoln way, Ames
- 215 Euclid Ave., Des Moines
Maryland
- 1000 S. Charles St., Federal Hill, Baltimore
- 7235 Wisconsin Ave., Bethesda
- 34 N. Cannon Ave., Hagerstown
Michigan
- 28774 Gratiot Ave., Roseville
- 27700 Harper Ave., St. Clair Shores
Missouri
- 2435 Independence Ave., kansas City
- 9433 Manchester Rd., Saint Louis
- 4531 Troost Ave., Kansas City
New York
- 955 Payne Ave., North Tonawanda
- 153 Central Ave., Albany
- 1026 Madison Ave., Albany
- 1241 Lexington Ave., New York
- 1654 Richmond Ave., Staten Island
North Carolina
- 201 W. 4th St., Winston-Salem
Ohio
- 10825 kinsman Rd., Cleveland
Pennsylvania
- 125 E. Main St., Plymouth
Texas
- 3890 Phelan Blvd., Beaumont
Virginia
- 10390 Willard Way, Fairfax
Washington, D.C.
- 1117 10th St. NW
- 1100 4th St.SW
- 400 Massachusetts Ave. NW
- 1515 New York ave. NE
- 4500 Wisconsin Ave. NW
- 7828 Georgia Ave. NW
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