CVS and Walgreens are ailing and closing hundreds of stores. Here’s why
America’s biggest pharmacy chains are laying off thousands of workers and rethinking their roles in our lives. What went wrong?
Why your drug store is closing
Walgreens is closing 1,200 stores. CVS is closing 900. Rite-Aid is closing 500. What is going on with America’s drug stores?
Walgreens to close 1,200 unprofitable stores across US as part of 'turnaround'
The company had confirmed plans in June to USA TODAY to close unprofitable stores but had not disclosed how many locations would be affected.Start the day smarter. Get all the news you need in your inbox each morning.
Walgreens To Close 1,200 US Stores
Walgreens announced its plan to close around 1,200 U.S stores over the next three years, including around 500 closures in fiscal
Walgreens will close 1,200 stores, hoping for a turnaround
Walgreens says about a quarter of its stores are unprofitable. Big pharmacy chains are struggling with growing retail competition and lower prescription payouts.
Walgreens to close 1,200 stores as part of turnaround effort
Walgreens announced that it will close about 1,200 stores over the next three years, with 500 shuttering as early as next year. It's part of the company's turnaround effort.
Walgreens plans to close 1,200 stores as it looks for a turnaround
Walgreens’ stock has been hammered this year as consumer shopping patterns have changed, but the company’s latest earnings are getting better reception.
CVS Health May Spin-Off Insurance Business
Deal Overview CVS Health a leading health solutions company in the US, is considering a potential break-up to separate its ...
CVS is under pressure and considering a breakup. Here's why that could be risky.
CVS risks losing customers and revenue if it splits up its vertically integrated business segments, which includes health ...
Pharmacy deserts are appearing across U.S. as Rite Aid, Walgreens, CVS drug store closures spread
Rite Aid, Walgreens and CVS store closures are leading to pharmacy "deserts" and some blame PBMs, which are currently being ...
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What’s next for pharmacy giant CVS? Breakup possible, but challenges remain for business
The company has already initiated a $2 billion cost-cutting plan and laid off 3,000 employees, but it faces ongoing ...
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Oak Street Health expansion to continue amid CVS review
CVS is reportedly conducting a strategic review and weighing options for separating some of the company’s businesses.
Billionaire Investor Pushes for Changes at CVS. Is Now the Time to Buy the Stock?
From a valuation perspective, the stock is inexpensive, trading at a forward price-to-earnings (P/E) of about 8.4 times based ...
CVS, Cigna, UnitedHealth press for FTC Chair Khan to be removed from PBM lawsuit
Cigna, UnitedHealth and CVS Caremark are calling Federal Trade Commission (FTC) Chair Lina Khan and two other commissioners ...
CVS Health Positioned For Medicare Margin Expansion And Market Share Gains, Says Barclays Analyst
Barclays upgraded CVS Health Inc (NYSE:CVS) on higher Pharmacy & Consumer Wellness (PCW) estimates as headwinds are offset by ...
Does This New Development Make CVS Stock a Buy or a Sell?
Overall, the new announcement pushes CVS toward being a stock worth selling rather than buying. None of the newly announced ...
Why CVS Health stock could appreciate 35% from here
Discover why TD Cowen sees 35% upside in CVS Health stock, driven by Medicare Advantage improvements and bullish technical ...
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CVS Health to lay off 111 NJ workers amid $2B cost-cutting initiative
The cuts are part of a large-scale, $2 billion savings plan unveiled by executives in August. The Woonsocket, Rhode ...