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CVS Plans to Open 450 Fewer Stores Than Expected Over This Year and Next

Pharmacy Giant Also Evaluates 500 Lease Renewals as It Focuses on Financial Returns
CVS said it will pull back on adding stores as it accelerates its HealthHUB retail model. (CVS)
CVS said it will pull back on adding stores as it accelerates its HealthHUB retail model. (CVS)
By Jennifer Waters
CoStar News
August 7, 2019 | 9:32 P.M.

CVS Health is putting the brakes on its annual store expansion plans, taking about 200 fewer retail spaces than anticipated across the country this year and 250 fewer in 2020, as it tweaks its business model by integrating its Aetna acquisition with its plans to roll out more HealthHUB concepts in stores.

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