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CVS will close dozens of pharmacies located inside of Target stores in early 2024, a company spokesperson said on Thursday.
In January 2024, CVS said some Target pharmacy locations would close between February and April, citing shifts in population, consumer consumption, and anticipated health needs. The move came amid industry-wide labor struggles for pharmacies and were part of the company's plans to close about 10% of its stores overall.
The Target pharmacies were rebranded as CVS Health pharmacies, which totaled 1,672 pharmacies in February 2016. The Target clinics were also rebranded as MinuteClinic. The acquisition of the Target pharmacies enabled CVS to expand its market into Seattle, Denver, Portland, and Salt Lake City.
2015: CVS Health acquires Target Corporation's 1,600+ pharmacies and retail medical clinics inside Target stores. CVS has begun operating them through a store-within-a-store format. 2017: CVS announced they would be installing 25 vending machines in high traffic areas like, bus terminals, airports, and college campuses.
CVS has cut pharmacy hours at several Target locations. “I used to be open Monday through Friday, 9 a.m. to 7 p.m., Saturday 9 a.m. to 5 p.m. and Sunday 11 a.m. to 5 p.m.,” the pharmacist...
CVS, Walgreens and Rite Aid are eliminating some locations as they face rising competition for these items from Amazon, big-box stores with pharmacies like Walmart, and Dollar General in...