"CVS Announces Closure of Target Store Pharmacies in 2024"

CVS will close dozens of pharmacies located inside Target stores in early 2024, citing changes in population, consumer buying patterns, and future health needs. The closures are part of CVS's plan to space out stores and pharmacies more, and come as retail pharmacy chains in the US face difficulties with their prescriptions business and workforces. CVS reported strong third quarter earnings, but its health care benefits division and health services have been driving growth, while labor problems have added to the company's challenges. Employees impacted by the closures will be offered commensurate roles elsewhere, and prescriptions will be transferred to nearby CVS Pharmacies.