Skip to content
Ticker Tape
Finance Prepper

Finance Prepper

Real Polls

Menu
  • HOME
  • Daily Poll
  • Cryptocurrency
  • Finance

CVS Closing Down

by Market FinancePosted onNovember 18, 2021November 18, 2021

CVS is closing it’s doors…

It now appears that major drugstore chain CVS is planning to close more than 900 stores over the next 2-3 years which accounts for around 10% of all of its stores nationwide.

As of 2018, CVS has 9,967 stores nationwide and they were struggling to maintain revenue.

The drugstore chain claims to be pivoting away from retail and moving more into health care services.

According to USA Today, CVS released in a statement, “The company is committed to offering impacted colleagues roles in other locations or different opportunities as part of its overall workforce strategy.”

The closures will begin between March-June of 2022.

The list of which locations will be close down first has not been released.

CVS spokesperson T.J. Crawford alerted that the company will take into consideration several factors including “local market dynamics, population shifts and store density” when deciding what stores to close.

CVS has been plagued by issues such as Amazon pharmacy and other digital competition which has contributed to their poor business sales.

CVS CEO Karen Lynch stated, “Our retail stores are fundamental to our strategy and who we are as a company. 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.”

Popular This Week

Garth Brooks Flips On Republicans

Essential Business Flees Democrat City

Democrats Paying Illegals How Much Per Week?

Retailer’s Solution To Stop Democrat Endorsed Theft

Trump vs DeSantis: Who Will Really Fix U.S. Economy?

Democrats Cause Major Retailer To Go Belly Up

White House Escalates Problems With China

$4,555 Social Security Checks On The Way?

Americans Kiss Their Jobs Goodbye

GOP Sounds Alarm, Retirement Doomed

Posted in FinanceTagged amazon, AMC, Biden, Bitcoin, bitcoin merchant account, bitcoin mining cloud computing, bitcoin stock chart, business, buy stocks with bitcoin, car insurance, company, crisis, crypto, cryptocurrency, Doge, DOW, DOW Jones, ethereum, Finance, GME, how to invest in bitcoin stock, inflation, investing, market, mortgage, oil, OPEC, Poll, real estate, S&P, S&P 500, stock market, stocks, supply chain, Tax, taxation, Tesla, trading

Published by Market Finance

View all posts by Market Finance

Post navigation

Prev Should Biden Tap Into U.S. Oil Reserves To Lower Gas Prices?
Next Biden RISKS Lives Of Elderly Americans
Powered by Investing.com

What’s Your Opinion?

  • Garth Brooks Flips On Republicans
  • Essential Business Flees Democrat City
  • Biden Says He Added More Jobs Than Any Other President, You Agree?
  • Democrats Paying Illegals How Much Per Week?
  • Retailer’s Solution To Stop Democrat Endorsed Theft

Tags

amazon AMC Biden Bitcoin bitcoin merchant account bitcoin mining cloud computing bitcoin stock chart business buy stocks with bitcoin car insurance company conservatives crisis crypto cryptocurrency Doge DOW DOW Jones election ethereum Finance GME Harris how to invest in bitcoin stock inflation investing Joe Biden Kamala market mortgage news oil OPEC Poll real estate republican S&P S&P 500 stock market stocks supply chain Tax taxation Tesla trading
Amphibious Theme by TemplatePocket ⋅ Powered by WordPress