Thread regarding CVS layoffs

Which Targets are closing?

Does anyone know which of the Targets that are closing? Have you heard what Target is putting in to replace the pharmacy yet? Any idea how they picked the Targets that are going to close?

Also, Is CVS still opening new CVS’s in Target with all the new Target’s being built across the country?

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| 681 views | | 4 replies (last March 2, 2024) | Reply
Post ID: @OP+1r6Gd662

4 replies (most recent on top)

That makes no sense. A major business driver in recent years is people consolidating trips, going to pharmacies inside stores instead of making a special trip to a stand-alone pharmacy. So why close locations that would help prevent losing market share?

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Post ID: @fquw+1r6Gd662

Bing search is your friend (google is better but they are evil):

"The closures will begin in February and finish by the end of April, the spokesperson said in a statement. She added that employees affected by the closures will be offered comparable roles within CVS, and prescriptions will be transferred to a nearby CVS pharmacy before a location closes.

The spokesperson did not disclose how many stores would be shuttered, but a report from The Wall Street Journal on Thursday said CVS would close “dozens” of locations.

CVS operates 9,000 pharmacy locations nationwide. The company has a pharmacy in about 1,800 of Target’s 1,956 stores in the U.S., according to a Target spokesperson. "

https://www.cnbc.com/2024/01/11/cvs-to-close-select-pharmacies-in-target-stores-in-the-coming-months.html#:~:text=CVS%20to%20close%20%E2%80%98select%E2%80%99%20pharmacies%20in%20Target%20stores,closures%20will%20be%20offered%20comparable%20roles%20within%20CVS.

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Post ID: @fkkl+1r6Gd662

I thought that some cvs's in target in NJ are closing.

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Post ID: @eoeg+1r6Gd662

All CVS locations within targets are closing

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Post ID: @1llw+1r6Gd662

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