In 2022, CVS Health announced plans to close around 900 stores across the US over the next three years.
The closures are a result of the company's efforts to transform its business and focus on growing its digital presence.
CVS Health aims to close approximately 300 to 500 stores per year, with a goal of reducing its store count by 10%.
The company has already begun closing stores, with over 200 locations shut down as of 2022.
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CVS Store Closures
CVS has announced that it will be closing 271 retail stores in 2025 as part of its restructuring plan. This follows the closure of around 900 locations between 2022 and 2024.
The company has not released a list of locations that will be closed, but it has stated that the closures are based on factors such as population shifts, consumer buying patterns, and store and pharmacy density.
CVS is planning to optimize its existing stores and pharmacies, which will enable the company to better meet customers' needs. This is not a response to industry pressures, but rather a strategic decision to streamline and simplify the organization.
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The closures are expected to generate savings of over $500 million and help the company to better meet customers' needs. CVS had about 9,000 locations as of December 31.
Here are some specific CVS store closures in New York state:
- Albany: 153 Central Ave.
- Albany: 1026 Madison Ave.
- New York: 1241 Lexington Ave.
- North Tonawanda: 955 Payne Ave.
- Staten Island: 1654 Richmond Ave.
CVS is not the only pharmacy chain facing financial challenges. Rival pharmacies like Walgreens and Rite Aid have also faced difficulties in recent years.
CVS Store Closures in Specific Locations
CVS has closed or announced closures for 34 locations in 2025, although the exact list has not been released.
CVS has not specified which locations are closing or when, but at least three locations in Upstate New York are among the 271 stores that will be closed in 2025.
The company has identified a variety of factors, including population shifts, consumer buying patterns, and community health needs, as reasons for choosing which stores to close.
CVS had about 9,000 locations as of December 31, and the company plans to open 30 new pharmacy locations this year.
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Here are some specific CVS store closures in New York state:
- Albany: 153 Central Ave.
- Albany: 1026 Madison Ave.
- New York: 1241 Lexington Ave.
- North Tonawanda: 955 Payne Ave.
- Staten Island: 1654 Richmond Ave.
Additionally, CVS locations in Iowa that have closed or announced closures include:
- 2420 Lincoln Way, Ames
- 215 Euclid Ave., Des Moines
Frequently Asked Questions
Is CVS in trouble financially?
Yes, CVS is facing financial challenges, having lowered its earnings outlook three times this year and implementing significant cost-cutting measures. The company has laid off 2,900 employees and plans to reduce expenses by $2 billion.
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