All Things Business

CVS Announces Closure Of 900 Stores; Fate Of Richland County Locations Not Known

21 Nov , 2021  

By 1812Blockhouse

In a Thursday news release by CVS entitled “CVS Health announced steps to accelerate omnichannel health strategy,” not all of the wording was so cryptic — particularly in reference to upcoming store closures.

It shared in part, “The company has been evaluating changes in population, consumer buying patterns and future health needs to ensure it has the right kinds of stores in the right locations for consumers and for the business. As part of this initiative, CVS Health will reduce store density in certain locations and close approximately 300 stores a year for the next three years. The company is committed to offering impacted colleagues roles in other locations or different opportunities as part of its overall workforce strategy. These changes will begin in the spring of 2022.”

In addition to staffing changes, these closures were included in a “…new retail footprint strategy aligned to evolving consumer needs.”

CVS, like other players in the national pharmacy space, has seen decreasing revenue in the face of online purchasing and other changes in customer habits. 

The full news release from CVS can be read here.

Richland County has three CVS locations, with stand along pharmacies at 1411 Lexington Avenue, 1049 West Fourth Street, and 755 Ashland Road. The next nearest chain locations are in Bucyrus and Ashland.

No specifics were shared on which stores would be closed and when.

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