CVS Health will close 22 'underperforming' drugstores early next year in addition to the 46 stores it closed earlier this year, the company said Wednesday in a regulatory filing.
CVS Health will close 22 "underperforming" drugstores early next year, the company said in a regulatory filing.Pedestrians walk by a CVS store on November in San Francisco, California.CVS Health will close 22 "underperforming" drugstores early next year in addition to the 46 stores it shuttered earlier this year, the company said Wednesday in a regulatory filing.
Details of the locations of the stores weren't immediately disclosed. The company recorded a $96 million impairment charge on its related to the 22 stores. It recorded a $135 million charge in the first quarter related to the 46 stores it closed during the second quarter.executives have said they do not expect "meaningful" store closures.
"When our leases are up for renewal ... we will evaluate each and every single one of those locations to determine the best possible outcome for the overall environment from a profit improvement perspective," CVS Pharmacy President Kevin Hourican said in a June interview. Still, drugstores are under threat as consumers buy more pharmacy items online and new competitors sell prescription drugs online. Rival Walgreens earlier this year said it would
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
The 22 Highest-Rated Pieces From Amazon Fashion Can Hardly Stay in StockWhen it comes to shopping on Amazon, we have all sorts of methods as editors. One of the most satisfying and reassuring ways to choose great fashion from the
Read more »
‘Superstore’: NBC Ups Season 5 Order To 22 Episodes With 4-Episode PickupBlue-collar comedy Superstore continues to be the unsung hero of NBC’s Thursday comedy lineup. And in recognition of its solid ratings performance, the network has ordered four more episodes,…
Read more »
UPS drone makes first home prescription deliveries for CVSUnited Parcel Service Inc Flight Forward drones have flown prescription medicati...
Read more »