- CVS Health closed 46 underperforming stores in 16 states in April, the company told Business Insider.
- The pharmacy chain, which is the largest in the US, has more than 9,900 stores.
- CVS announced the closings as it reported a 35% year-over-year increase in first-quarter revenues to $61.6 billion.
CVS Health closed 46 stores across 16 states in April, the company told Business Insider on Thursday.
“This decision was made after a thorough review of each store’s lease obligations and financial performance, among other factors,” a company spokesperson said.
The company said customers’ prescriptions have been transferred to nearby CVS Pharmacy locations and that it is working to place impacted employees at other stores.
In regulatory filings, CVS said it made the decision to close underperforming locations as part of a “store rationalization” plan.
“During the three months ended March 31, 2019, the company performed a review of its retail stores and determined it would close 46 underperforming retail pharmacy stores during the second quarter of 2019,” the company said.
The closings represent a small percentage of CVS’ stores, which totalled more than 9,900 locations as of March 31:
2815 Low Wetumpka Rd., Montgomery, Alabama
7434 W Indian School Rd., Phoenix, Arizona
3130 Buchanan Rd., Antioch, California
1285 A Sutter St., San Francisco, California
995 Market St., San Francisco, California
9375 San Fernando Rd., Sun Valley, California
1201 Maryland Ave. SW, Washington, DC
402 N Maryland Ave., Wilmington, Delaware
1350 Beville Rd., Daytona Beach, Florida
13991 N Cleveland Ave., North Fort Myers, Florida
1607 S Pine Ave., Ocala, Florida
3168 Northlake Blvd., Palm Beach Gardens, Florida
1441 Kapiolani Blvd. Suite 510, Honolulu, Hawaii
1401 S Beretania St. Suite 110, Honolulu, Hawaii
745 W 103rd St., Chicago, Illinois
175 W Jackson Blvd., Chicago, Illinois
1620 W 59th St., Chicago, Illinois
1550 N Kostner Ave., Chicago, Illinois
7179 N Lincoln Ave., Lincolnwood, Illinois
1015 W. Orchard Rd., North Aurora, Illinois
100 W Higgins Rd., South Barrington, Illinois
123 Windermere Ave., Greenwood Lake, New York
812 Forest Ave., Staten Island, New York
10301 Woodward Ave., Detroit, Michigan
7996 Brooklyn Blvd., Brooklyn Park, Minnesota
1110 Hennepin Ave., Minneapolis, Minnesota
1735 South Glenstone Ave., Springfield, Missourri
7105 Central Ave. NE, New Mexico
1454 Central Blvd., Brownsville, Texas
1407 E W Hwy 190, Copperas Cove, Texas
2525 N. Mesa St., El Paso, Texas
3080 S Fry Rd., Katy, Texas
4730 US Route 5, Newport, Texas
5322 E. US Highway 83, Rio Grande City, Texas
7031 Marbach Rd., San Antonio, Texas
6945 Cypresswood Dr., Spring, Texas
The company said the planned closings would cost about $135 million.
CVS first disclosed plans to cose 46 stores on Wednesday, as it reported a 35% year-over-year increase in first-quarter revenues to $61.6 billion.
“We generated strong first quarter results, providing positive momentum to start the year,” CVS president and CEO Larry Merlo said in a statement. “Following the close of our Aetna acquisition in late November, our first full quarter of combined operations was a success in many ways. In the quarter we continued to advance our integration efforts while beginning to launch new innovations such as our HealthHUB concept stores.”
USA Today’s Nathan Bomey obtained the following list of most of closed stores.
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