Overview

• CVS Health will close 271 stores in 2025, adding to about 900 closures since 2022, and will open nearly 30 new pharmacy locations including outlets inside Target.
• Closure decisions are based on factors such as population shifts, consumer buying patterns, pharmacy density and community health needs, the company says.
• Rite Aid filed for Chapter 11 bankruptcy in May and plans to shutter over 300 stores under its court-approved restructuring.
• Walgreens Boots Alliance has committed to closing roughly 1,200 stores nationwide over three years, including about 500 closures in fiscal 2025.
• Industry experts point to declining foot traffic, online competition and reimbursement pressures from pharmacy benefit managers as driving the sector-wide realignments.