CVS To Close , 900 Stores.<br />On Nov. 18, CVS Health announced it is shuttering 900 stores over the next three years.<br />On Nov. 18, CVS Health announced it is shuttering 900 stores over the next three years.<br />The move is to make sure it has the "right kinds of stores in the right locations for consumers and for the business" amid changing "consumer buying patterns.".<br />The move is to make sure it has the "right kinds of stores in the right locations for consumers and for the business" amid changing "consumer buying patterns.".<br />We remain focused on the competitive advantage provided by our presence in thousands of communities across the country, which complements our rapidly expanding digital presence, Karen Lynch, CVS CEO, via statement.<br />CNN reports the closures <br />will cost CVS about $1 billion.<br />According to Neil Saunders, managing director of GlobalData, the move is a result of the drug store chain having "too many overlapping locations.".<br />Too many stores are stuck in the past with bad lighting, depressing interiors, messy merchandising, and a weak assortment of products. They are not destinations or places where people go out of anything other than necessity, Neil Saunders, managing director of GlobalData, via CNN.<br />Too many stores are stuck in the past with bad lighting, depressing interiors, messy merchandising, and a weak assortment of products. They are not destinations or places where people go out of anything other than necessity, Neil Saunders, managing director of GlobalData, via CNN.<br />CNN reports CVS intends <br />to remodel some of its <br />stores to feature more <br />health services
