Find in the news:
BY COUNTRY

CVS will close 900 stores in the next three years



The layoffs at one of the largest retail pharmacy chains will begin in the spring of 2022.
CVS will close 900 stores in the next three years

CVS Health, one of the largest pharmacy chains in the U.S. with nearly 10,000 locations and 1,200 medical centers, has planned significant layoffs. The company will close 300 pharmacies per year over the next three years, according to Retail Dive. 

According to the company's press office, the retail chain cuts will begin in the spring of 2022 after "assessing population changes, purchasing patterns and future health care needs to ensure the right stores are in the right locations."

CVS Health is also preparing for a top management reshuffle. At the same time, work will continue on new store formats. Despite the massive closures, the company will expand as the nation's health and wellness center.

CVS plans to focus on three formats: first aid outlets expanded health and wellness outlets, and traditional pharmacy outlets. 

"Our retail stores are the foundation of our strategy and who we are as a company. We remain focused on the competitive advantage provided by our presence in thousands of locations across the country, which complements our rapidly expanding digital presence," commented CVS CEO Karen Lynch. 

Experts noted that the company's decision to close nearly a tenth of its pharmacies seemed odd. Especially against the backdrop of how ULTRA, Sephora, and many cosmetic brands are expanding, shopping in locations that CVS serves has become more significant during the pandemic. CVS has lost considerable market share in beauty and personal care products in recent years, losing ground to Target, Walmart, ULTRA, Sephora, and other retailers. 

More about shopping malls in the USA



TODAY, USA:
The two-level retail space will combine more than 10,000 children's products, its ice cream parlor, and a two-story slide.
TODAY, Japan:
The furniture giant offered the residents of Tokyo to live in apartments of 10 square meters.
YESTERDAY, Hong Kong:
The opening of the North Face flagship in Hong Kong is the first tangible sign of a market recovery in the country.
DAY BEFORE YESTERDAY, USA:
The new store opens on the grounds of The Grove mall in Los Angeles.
Nov 30, 2021, Sweden:
In Elmhurst, Sweden, a man named Bengt has returned IKEA furniture that was manufactured almost 60 years ago.
Nov 30, 2021, USA:
On Thanksgiving, the U.S. retail foot traffic dropped more than 90 percent.
Friend
and Follow
Dania Pointe GLA:975 000 SF
ADDRESS: 292-344 North Bryan Road, Dania Beach, FL 33004
USA . Fort Lauderdale
Dania Pointe
Charlotte Premium Outlets GLA:400 000 SF
ADDRESS: 5404 New Fashion Way Suite 100, Charlotte, NC 28278
USA . Charlotte
Charlotte Premium Outlets
Aviapark GLA:2 475 699 SF
ADDRESS: ul. Aviakonstruktora Mikoyana, 10
Russia . Moscow region
Aviapark
Olympia Einkaufszentrum GLA:602 779 SF
ADDRESS: Hanauer Straße 68, 80993
Germany . Munich
Olympia Einkaufszentrum


Edit text

Dear visitor!
If You wish to add appropriate information to this description, please make changes in the text below and they will take effect after being verified by Malls.com administrator.

SAVE CHANGES
ADD PHOTO

Dear visitor!
If you desire to add more photos to this description, please upload them and they will appear on the page after being verified by Malls.com administrator.

CHOOSE PHOTOS
SAVE CHANGES
Sign in Malls.com
Sign in please, if you already have an account

Registration



Error filling
Error filling
Error filling
Error filling
Thank you!
You will receive e-mail with registration data shortly. In email you'll find link, confirm your account by clicking on it, please.

Malls.com Team
Thank you for message!
In the near future you will be contacted the manager
for further details.

Malls.com Team
Good mall, bro!
In the near future you will be contacted the manager
for further details.

Malls.com Team
We are dissatisfied with you :-(
In the near future you will be contacted the manager
for further details.

Malls.com Team

Write to us