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Your local CVS may be closing its doors for good. The drugstore chain is in the process of shuttering "roughly 300" locations across the country in 2024, a spokesperson confirmed to Good Housekeeping.
CVS, the largest US chain, closed 244 stores between 2018 and 2020. In 2021, it announced plans to close 900 stores. And Rite Aid filed for bankruptcy last year and will close up to 500 stores.
Experts are concerned about pharmacy closures across the U.S. making it harder for people to access important medications. CVS, Walgreens and Rite Aid are closing stores across the U.S. Here’s ...
In November 2021, CVS announced it would be closing approximately 900 stores over the next 3 years due to declining sales in underperforming and failing stores. In January 2024, CVS said some Target pharmacy locations would close between February and April, citing shifts in population, consumer consumption, and anticipated health needs.
CVS, the largest US chain, closed 244 stores between 2018 and 2020. In 2021, it announced plans to close 900 stores by 2024. Walgreens said in 2019 it would close 200 stores and in June announced ...
[252] 53 more stores were added to the closing list in April 2024. [253] Additional closures continued, nearly fully eradicating the pharmacy's presence in Michigan and Ohio. [254] In September 2024, Rite Aid emerged from bankruptcy as a privately-owned company. [255] Rockport filed for bankruptcy in May 2018. The company that bought the ...
Osco Drug & Sav-on Drugs – freestanding locations acquired by CVS Pharmacy; Osco still exists as the pharmacy within Jewel; Pay 'n Save; Peoples Drug – acquired by CVS Pharmacy; Perry Drug Stores – acquired by Rite Aid in 1995; Phar-Mor – bankrupt due to $500 million embezzlement; some assets acquired by Giant Eagle; Read's Drug Store
Pharmacy closures are a long-term problem, with more than 7,000 closing since 2019, according to the Associated Press, citing data from the University of Pittsburgh.