CVS Plans 270 Store Closures Across 34 US States in 2025

CVS Health is set to close 271 stores nationwide in 2025 as part of a broad enterprise-wide restructuring plan aimed at simplifying operations, improving efficiency, and generating over $500 million in annual savings. This move follows a recent history of approximately 900 store closures between 2022 and 2024 and reflects ongoing shifts in population, consumer buying patterns, and pharmacy access, rather than competitive pressures. Despite these closures, CVS plans to open 30 new pharmacy locations this year, many within Target stores, ensuring that 85% of Americans will still live within 10 miles of a CVS pharmacy. Specific closures include five New York locations in Albany, Manhattan, Staten Island, and North Tonawanda, as well as the Charlotte, North Carolina store on South Caldwell Street closing in June. CVS operates about 9,000 locations nationwide and aims to consolidate its retail footprint while investing in new care models such as in-store clinics and digital services. The trend of drugstore closures is widespread, with other major chains like Walgreens and Rite Aid also shrinking amid industry challenges.