CVS is closing 900 stores. Rite-Aid is closing 500. Walgreens announced Tuesday it plans to close 1,200 stores, meaning 1 in 7 will disappear. What is going on with America’s drug stores?
“We are at a point where the current pharmacy model is not sustainable,” Wentworth said in June. CVS, the largest US chain, closed 244 stores between 2018 and 2020. In 2021, it announced plans ...