CVS to close 22 underperforming stores in first quarter 2020

CVS will have fewer pharmacies next year. CVS Health announced that it is planning to close 22 underperforming retail pharmacy stores in the first quarter of 2020, according to an SEC filing by CVS Health on Nov. 6.

The filing noted a $96 million store rationalization charge during its third quarter related to operating lease right-of-use asset impairment charges for the 22 stores it plans to close.