Thread regarding CVS layoffs

Why is CVS reducing its footprint?

Layoffs and cost cutting are one thing, store closures are toaty another? Closing a store means losing the company presence in a certain area, therefore reducing its ability to produce profit bit by bit. Why are they doing the store closing while preaching that the company will grow after the Aetna acquisition is legally complete?

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| 1093 views | | 6 replies (last April 23, 2019) | Reply
Post ID: @OP+YGvbLz2

6 replies (most recent on top)

I have been hearing layoffs...layoffs...layoffs for months...I am beginning to think its all bullxxxx

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Post ID: @2lmq+YGvbLz2

that's how you know it is a fake post

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Post ID: @jss+YGvbLz2

At least you had a tech

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Post ID: @ijk+YGvbLz2

In a store today , Easter Sunday ! No customers, just me. 11am . Easter product piled in the lobby , yes piled! No reduction. Store felt like death. Pharmacist b--ching to a technician about opening hours . Looked like a shift by themselves hanging ad . I wanted to tell them ,I was the DM 2 years ago of their store before we were all laid off

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Post ID: @eyh+YGvbLz2

All stores that were closed actually lose money and cost the company. It definitely makes sense to get rid of them. It will help profit.

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Post ID: @vpy+YGvbLz2

The company is not closing stores at a rate above the norm for any year.

There is a list of all stores and there is a strategy for closing or relocating or operating long term.

I cant understand why people are on this site saying stores are closing.

If the lease is up and it loses money a store closes end of mystery.

And by the way the company has sustained growth for 50 years, now included.

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Post ID: @xfn+YGvbLz2

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