CVS's major pivot: 60 new stores planned, ending 4-year retail contraction

CVS Health is poised to grow its retail presence this year, marking a shift after four years of store network reductions, Bloomberg reported on Monday, March 30. The retail pharmacy chain intends to open 60 new locations, including 20 smaller sites dedicated solely to pharmacy services. Simultaneously, the company plans to close several dozen existing stores, as stated by CVS spokesperson Amy Thibault in the report.

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