Consumer
CVS to Close Dozens of Pharmacies in Target Stores by April
A CVS pharmacy inside a Target store in Miami Beach, Florida.
Photographer: Jeff Greenberg/Universal Images Group/Getty ImagesCVS Health Corp. plans to close dozens of its locations in Target Corp. discount stores as the drugstore chain grapples with rising costs in its pharmacy business.
A number of CVS’s 1,800 pharmacies in Target stores will be closed between February and April, a CVS spokesperson said, without specifying the exact count. The closures are part of a plan to “realign our national retail footprint and reduce store and pharmacy density,” the spokesperson said.