Bankrupt retail chain closing 100s of store locations
Huge drugstore chain has filed court notices to close 100s of locations.
The drugstore retail sector has faced hundreds of store closings over the last four years, as retailers close underperforming stores and sometimes dump locations in bankruptcy filings.
Huge drugstore chain CVS (CVS) in 2021 revealed it would close 900 of its nearly 9,900 stores to reduce costs and cut losses, closing 300 locations each year in 2022, 2023, and 2024.
