CVS issued a statement amid another store closure that has impacted customers in a matter of weeks.
The pharmacy chain closed hundreds of locations all over the country since 2022.
CVS announced the closure of a pharmacy and drug store in Troy, New York.
The downtown location at 49 4th Street will close permanently on June 26.
CVS spokesperson Amy Thibault shared a statement with local ABC affiliate News10 about the reasons for closure.
“Maintaining access to pharmacy services in the communities we serve is an important factor we consider when making store closure decisions,” she said.
“Other factors include local market dynamics, population shifts, a community’s store density and ensuring that there are other geographic access points to meet the community’s needs.”
All patients will have their prescriptions transferred to the CVS at 461 2nd Avenue, which is more than two miles away.
It’s the third CVS closure to hit the community in just over a year.
In 2023, the pharmacy chain closed two stores in nearby Albany.
The closures are part of a broader plan by CVS to close 900 stores nationwide.
First announced in November 2021, closures have been occurring at a rate of about 300 per year.
At the time, CVS explained that it would target underperforming stores where sales were declining.
The company is now at the end of the wave of closures.
In February of this year, CVS announced that it would sell all stores in Puerto Rico.
All 22 locations are being transferred to Caribe Pharmacy Holdings.
CVS Closings
In addition to the Troy location, several other CVS stores have recently closed or are scheduled to close soon.
Clair Shores, Macomb, Michigan – May 9
Greater Binghamton, New York – May 21
Historic Northeast, Kansas City, Missouri – June 13
Bulls Head, Staten Island, New York – June 19
OTHER PHARMACY CLOSINGS
CVS is far from the only pharmacy chain closing stores.
Rival Walgreens last announced summer would close 150 locations in the US.
Then-CEO Rosalind Brewer said the company was “taking immediate steps to optimize the profitability of our U.S. healthcare segment.”
Walgreens also eliminated about 10% of its U.S. workforce.
See the latest round of closures announced by Rite Aid following its bankruptcy.
And check out the new health service offered by Walmart.
This story originally appeared on The-sun.com read the full story
