CVS Pharmacy will close its 620 Old Philadelphia Road location on April 16. Population shifts, consumer buying patterns, store and pharmacy density, pharmacy care access and community health needs are among the reasons for the closure, according to Kara Page, corporate communications manager for CVS.

CVS announced the opening of a dozen or more pharmacy-only stores in a strategic move to meet community needs and remain competitive against companies like Target, Amazon, Walgreens, and Rite Aid.

CVS Health is rolling out a new and smaller pharmacy format amid hundreds of drugstore closures across the retail pharmacy industry and investor pressure to boost profits.

CVS Health (CVS) is ditching retail sales to focus on pharmacy operations at 12 new locations opening in 2025. These new CVS stores will offer

CVS Health (CVS) is having a standout 2025. While most of the market struggles, yesterday’s case in point, CVS is thriving, leading the S&P

CVS is planning to open new stores as it adapts its strategy. Shoppers will no longer have access to the front end of the store selling greeting cards, snacks, and other supplies. Instead, CVS will only have a pharmacy at half its size as it adds around a dozen stores nationwide through 2025.

CVS Health’s CVS stock has gained strong momentum so far in 2025, rising 47.1%. While operating income declined nearly 5% in the fourth quarter of 2024 (as reported last month), impacted by continued pharmacy client price improvement,

CVS is looking to grow itself by shrinking. The pharmacy chain is opening around a dozen stores this year that are about the half the size of its traditional layout and have only a pharmacy — ditching the front-end of the store that traditionally has sold snacks, greeting cards and other consumer staples.