CVS Closing 1,000 Stores!

CVS closing stores.

 

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EXPECT MORE!

CVS is expected to close nearly 1,000 stores in the United States. They are going to restructure its focus on homecare and home delivery services. That means it will shave off 10% of its national footprint.

The drug store chain said on Thursday that the closures will result in a retail presence that ensures it has the "right kind of stores in the right locations for consumers and for the business." A list of locations shutting down will begin in Spring 2022 or earlier. 

The closure will put some areas already struggling with food deserts. Now it will be a drug desert as well.

CVS does operate locations inside Target so I am guessing they're not affected for now.

How many stores in Dayton will be affected. On top of that, do you have to visit Target?

I already see the writing on the wall..... the Dayton locations include in Harrison Township, Downtown Dayton, Union, Trotwood, West Dayton, Kettering East, Kettering Town & Country and Fairborn North are on the list.

Anyway, when these stores close, they leave empty buildings ripe for vagrants to vandalize, tag or set on fire. Local establishments might occupy these empty buildings. Of course, Dollar Tree or Dollar General will make a push for the property. 

The downsides of big box stores and name brand business closing in urban and rural communities. 

The loss of tax revenue for the communities and the loss of value to the area.