CVS has announced the closure of another one of its pharmacies as part of the company’s effort to shutter 10% of its locations nationwide.
A shopper was reportedly told of the upcoming closure on a recent visit to the CVS inside the Target on NY Ave in Washington D.C.
“I was just at the Target on NY Ave, and I learned from one of the employees that the in-store CVS is closing soon,” a shopper named Colin told local news site Popville.com.
“This CVS is, in my opinion, the best in the area – quick, efficient service, and knowledgeable/helpful staff. A real loss,” Colin wrote.
The store inside the NY Ave Target will operate for the last time on February 29, CVS representative Amy Thibault told The U.S. Sun in an emailed statement.
“The closures are part of our plan to realign our national retail footprint and reduce store and pharmacy density and are based on our evaluation of changes in population, consumer buying patterns, and future health needs to ensure we have the right pharmacy format in the right locations for patients,” she said.
“Before closing any pharmacy, prescriptions will be transferred to a nearby CVS Pharmacy to ensure patients have uninterrupted access to pharmacy care.”
“In Washington, DC, we’ll be closing three (3) CVS Pharmacy in Target locations,” she added.
The popular pharmacy chain announced that it would close about 300 locations in 2024 after shutting down about 600 stores over the last two years, according to USA Today.
CVS leadership previously said that they needed to shutter about 10% of its locations to balance the books.
CVS is not the only big-name pharmacy to scale back in recent years.
Walgreens and Rite Aid have also closed hundreds of stores since the outbreak of the COVID-19 pandemic, with the former filing for bankruptcy last year.
Additional reasons for the closure include rising competition, changing foot traffic patterns, and uncontrolled retail theft in some areas.
Store representatives announced the closure of another CVS location in Washington D.C. due to crime just last week.
The CVS in Columbia Heights is slated to shut down in February after a disturbing video circulated on social media showing the location with empty shelves.
A Giant supermarket and pharmacy has been teetering on the brink of closure in D.C.’s Ward 8, threatening the community with a food desert too.
And Walmart had to shut down a popular location with a pharmacy on H Street earlier last year.