logo
CVS closing 270 stores in 2025: full list of locations affected by retail realignment

CVS closing 270 stores in 2025: full list of locations affected by retail realignment

Time of Indiaa day ago

CVS is closing 271 stores across the US in 2025 as part of its long-term restructuring plan. The closures, based on demographic and market data, follow 900 previous shutdowns between 2022 and 2024. The company will continue to open new locations, including pharmacy units inside Target stores
CVS is closing 271 stores in 2025 as part of a multi-year strategy to optimize store locations based on consumer behavior and health needs
CVS store closures part of long-term restructuring strategy
Tired of too many ads?
Remove Ads
Full list of CVS closures confirmed for 2025
Tired of too many ads?
Remove Ads
2901 Morgan Rd., Bessemer
3303 Clairmont Ave., Birmingham
499 Haight St., San Francisco
1701 K St., Sacramento
3090 S. Monroe St., Tallahassee
13300 E. Colonial Dr., Orlando
2201 Edgewater Dr., Orlando
439 Highland Blvd., Atlanta
8639 S. Cicero Ave., Chicago
401 W. Armitage Ave., Chicago
2000 Skokie Valley Rd., Highland Park
2420 Lincoln Way, Ames
215 Euclid Ave., Des Moines
55 Summer St., Boston
Tired of too many ads?
Remove Ads
28774 Gratiot Ave., Roseville
27700 Harper Ave., St. Clair Shores
2435 Independence Ave., Kansas City
9433 Manchester Rd., Saint Louis
4531 Troost Ave., Kansas City
955 Payne Ave., North Tonawanda
153 Central Ave., Albany
1026 Madison Ave., Albany
1241 Lexington Ave., New York
1654 Richmond Ave., Staten Island
201 W. 4th St., Winston-Salem
10825 Kinsman Rd., Cleveland
125 E. Main St., Plymouth
10390 Willard Way, Fairfax
1117 10th St. NW
1100 4th St. SW
400 Massachusetts Ave. NW
1515 New York Ave. NE
4500 Wisconsin Ave. NW
7828 Georgia Ave. NW
New CVS openings planned despite ongoing closures
CVS has confirmed that it will close 271 stores in 2025 as part of its ongoing national retail restructuring effort. This move follows the closure of approximately 900 locations between 2022 and 2024. In its February annual report, the company detailed an 'enterprise-wide restructuring plan' aimed at streamlining operations and adapting to evolving consumer needs.A spokesperson for CVS told Newsweek that the closures are based on a range of criteria, including local population shifts, consumer buying behavior, pharmacy and store density, pharmacy access, and community health data. According to the company, these changes are not a response to industry pressures but rather a planned strategy announced in 2021.Also read: Memorial Day 2025: What's open and closed — Costco, Walmart, Target, grocery stores, offices, schools, and more CVS says the closures will allow for optimization of its existing store footprint and improve customer service delivery. The company emphasized that 85 per cent of Americans will continue to live within 10 miles of a CVS Pharmacy even after the closures.CVS has not released a complete nationwide list of all store closures for 2025. However, data compiled from The Krazy Coupon Lady and local news sources has identified 34 locations that have either closed or announced scheduled closures. Additional closures were reported by Newsweek from state and local media. The impacted states and addresses include:AlabamaCaliforniaFloridaGeorgiaIllinoisIowaMassachusettsMichiganMissouriNew YorkNorth CarolinaOhioPennsylvaniaVirginiaWashington, D.C.Additional locations reported by Newsweek include:Indiana – 9550 Allisonville Rd., IndianapolisMaryland – 1000 S. Charles St., Baltimore; 7235 Wisconsin Ave., Bethesda; 34 N. Cannon Ave., Hagerstown (closing June 26)Texas – 3890 Phelan Blvd., BeaumontAlso read: JCPenney closes seven stores nationwide amid ongoing retail challenges, check if you are affected Despite the ongoing retail consolidation, CVS stated it plans to open 30 new pharmacy locations in 2025. These include pharmacy counters within select Target stores, maintaining a widespread presence in both urban and suburban markets.Separately, CVS has raised concerns about new pharmacy legislation in Arkansas, where Governor Sarah Huckabee Sanders recently signed a bill limiting ownership of pharmacies by Pharmacy Benefit Managers. CVS has warned the law could impact its 23 locations in the state.CVS maintains that store closures are part of a strategic national realignment intended to improve service quality and retail efficiency.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Trump's mixed signals on Russia cloud European strategy
Trump's mixed signals on Russia cloud European strategy

Hindustan Times

time3 hours ago

  • Hindustan Times

Trump's mixed signals on Russia cloud European strategy

European countries, aiming for deeper economic sanctions to push Russia into a ceasefire in Ukraine, struggle with US President Donald Trump's ambivalent attitude on the issue, analysts say. Trump has expressed impatience accusing Russian President Vladimir Putin of "playing with fire" and made threats, but does not seem to follow them up with action, they say. Diplomatic efforts to end the war, now in its fourth year, have intensified in recent weeks, with Putin being accused of stalling on peace talks. The Wall Street Journal and CNN both reported that Trump was now considering fresh sanctions against Russia, while stressing that he could still change his mind. On Wednesday, Trump expressed his frustration with Moscow, but also appeared to kick the can down the road by saying he would determine within "about two weeks" whether Putin was serious about ending the fighting. As the EU prepares a fresh package of sanctions against Moscow, the bloc's 18th, the chances of coordinated international sanctions, flagged by French President Emmanuel Macron during a visit to Kyiv with the German, British, and Polish leaders on May 10, seem increasingly remote. German media reported Tuesday that recent discussions between Europeans and Americans about Russia's evasion of sanctions had failed. "It seems that European hopes for joint action with the Americans... will once again be disappointed," said the Sueddeutsche Zeitung daily, citing an internal German foreign ministry document about an EU Foreign Affairs Council meeting in Brussels last week. The document cites EU sanctions envoy David O'Sullivan as saying that transatlantic coordination on Russian sanctions had collapsed. Even G7 cooperation had "lost momentum," the newspaper said in its report based on the document. Led by Paris, Berlin and London, Europeans are pitting their proactive stance against Washington's apparent passivity, said Sven Biscop, an expert at the Egmont Institute, a Belgian think tank. When Trump announced direct negotiations with Putin without Kyiv or Brussels, and when Ukraine's future NATO entry was ruled out, "the EU indicated it would continue its process of Ukraine's accession, arm it even after a hypothetical ceasefire, maintain sanctions, and deploy reassurance forces," he noted. "We deploy our levers but cannot force Trump to use his, or compel Putin to give up the war. We do not have that power," he said. Phillips O'Brien, strategy expert at the University of St Andrews in Scotland, suspects that European leaders have become victims of "maybe the greatest example of political gaslighting in US foreign policy history". Despite all Trump's posturing on imposing sanctions on Russia, "he clearly has no intention of doing so", O'Brien said. Europeans, meanwhile, are in favour of a plan by US Senator Lindsey Graham, who has called for a "secondary" sanctions plan, including a 500-percent tariff on countries importing Russian fossil fuels and raw materials. They hope that a US constitutional provision for a "discharge petition" wins the day, which would allow the sanctions bill to be adopted independently of the executive branch. This would put Trump at arm's length from any sanctions move, allowing him to remain in a non-committal "mediation position", said a European diplomat who declined to be identified. This stance confirms a new reality that Europeans are having to navigate: Washington now positions itself halfway between its traditional western European allies and Russia. This could, down the road, allow Trump to wash his hands of the conflict altogether if negotiations go nowhere just like he did on the North Korea issue in 2019, during his first term. "The question is no longer whether the United States will go rogue but what kind of rogue it will become," said Michael Beckley, a political scientist at the Foreign Policy Research Institute, an American think tank. "Will it be a reckless, hypernationalist power that lashes out, cuts ties, and pursues limited gain at great long-term cost? Or can it channel its strength into a more strategic posture?", he asked. On Friday, Macron said that Washington faces a "credibility test" over its response to Russia dragging its feet on a Ukraine ceasefire. burs-dt-dla/jh/as

Meet Anjali Sud, Sanjay Seth, two Indian-Americans elected to top Harvard boards amid row with Trump
Meet Anjali Sud, Sanjay Seth, two Indian-Americans elected to top Harvard boards amid row with Trump

Hindustan Times

time3 hours ago

  • Hindustan Times

Meet Anjali Sud, Sanjay Seth, two Indian-Americans elected to top Harvard boards amid row with Trump

Anjali Sud and Sanjay Seth, two Indian-Americans, have recently been elected to Harvard University's Board of Overseers and Harvard Alumni Association, respectively. The Board of Overseers, which Anjali Sud will be joining for a two-year-term, was established in 1642. It is Harvard's second-highest governing body, which advises the school on academic programmes and policy, according to Also Read: Google paid $100 million to retain this Indian-American executive. No, not Sundar Pichai Anjali Sud will be replacing Canadian prime minister and Bank of England former governor Mark Carney, who resigned after assuming leadership of Canada's Liberal Party. The HAA Board, where Sanjay Seth will serve, focuses on enhancing alumni engagement, community-building, and volunteer leadership across Harvard's global alumni network. Also Read: Do Indian-Americans play major leadership roles at Harvard University? Here's what we know The appointments come amid Harvard University and US President Donald Trump clashing over the school's foreign student enrollments, after the administration threatened to revoke their SEVP certification. Anjali Sud was born in Detroit, Michigan, in 1983 to Punjabi immigrant parents and raised in Flint. She earned her undergraduate degree in finance and management from the University of Pennsylvania and went on to receive her MBA from Harvard Business School in 2011. Sud has worked for Amazon, Time Warner and was the Vice President of Global Marketing for Vimeo in 2012. She eventually became the CEO of the company as well. Also Read: Indian-American student Megha Vemuri calls out Gaza genocide in graduation speech: 'MIT wants a free Palestine' In 2023, she took over as CEO of Tubi, a new free streaming service with nearly 100 million monthly active users. Apart from her business interests, she also serves as the board chair for an online petitioning platform. She told Harvard's website, 'My parents came to this country to give me a shot at the American Dream. I achieved that dream through the power of a transformative education, and I want to pay it forward for the next generation." She added, "Harvard has both the opportunity and imperative to define the future of higher education at a time of existential change. I would be honored to help Harvard navigate that change and enable creative transformation.' Sanjay Seth, is an Indian-American climate and sustainability expert, who has been elected as one of the new directors of the Harvard Alumni Association (HAA). His three-year term will commence on 1 July 2025. Seth was born in Australia and holds dual master's degrees from Harvard - an MPA from the Kennedy School of Government and a Master's in Urban Planning from the Graduate School of Design, both earned in 2019. Sanjay Seth completed his undergraduate studies at Goldsmiths, University of London. Seth has served as Chief of Staff and Senior Advisor for Climate and Equity at the US Environmental Protection Agency's New England office. Prior to that, he worked as Climate Resilience Program Manager for Boston city and contributed to climate resilience efforts in New York City. At Harvard, he also co-founded the Harvard Alumni for Climate and the Environment group and was a fellow with the Bloomberg Harvard City Leadership Initiative.

Can India become the services factory of the world? Gautam Trivedi explains
Can India become the services factory of the world? Gautam Trivedi explains

Economic Times

time4 hours ago

  • Economic Times

Can India become the services factory of the world? Gautam Trivedi explains

Gautam Trivedi, Co-Founder & Managing Partner, Nepean Capital, says the Electronic Manufacturing Services (RMS) sector is expected to remain strong. India has the potential to become a global manufacturing hub. Companies like Dixon are showing significant growth potential. They could evolve beyond assembly to full-fledged manufacturing. Investors are optimistic about the EMS sector's future. High valuations are expected to continue, offering potential returns. Trivedi also says the power sector is a multi-decadal story in India. They also have a lot of focus on wind energy.. ADVERTISEMENT Your body language tells me that you have been having a lot of fun in the market. Gains have been strong, right? Gautam Trivedi: Well, gains have been strong in very select stocks, but I am also smiling because I just got back from the US where I attended my first ever trip to Omaha to listen to Warren Buffett and little did I know it would be his last as a CEO. I hope he shows up next year, but yes, I am just back from there. Promoters selling stakes bigger threat in the market: Sandip Sabharwal That got over a month ago. After that Omaha retreat, what did you do? Gautam Trivedi: I did a lot. I spent time in New York. I met a whole bunch of fund managers, asset allocators, and went to Yellowstone National Park. There is a lot out there that I want to talk about as well if I may. What should we start with? Gautam Trivedi: So, a couple of things. The US economy clearly is robust and is absolutely thriving. I mean, whether it is hotels or restaurants, eating out, everything is not only expensive but full and I am not referring to just the city of New York because that clearly does not truly represent what is happening in the rest of America. But the fact is inflation in general is raging. I mean, a simple celery and cucumber juice, for example, cost me $15. There was a time eight-nine years ago, when I could have a full breakfast for $15, but for that one can only get one juice now and that is how expensive things have become. But if you look at the overall economy, just like in our country, travel is booming in the US. For the Memorial Day weekend that just ended, AAA estimated that 45 million Americans drove or travelled 50 miles or more from their respective homes, which itself is a new record and that is the way they measure travel. So, every hotel that I took with my family in the three weeks that we were there, we took eight flights, every seat was sold out. So, with respect to finance and economics, the ability of the Fed to cut interest rates in the US is quite limited at this point until inflation really does not cool down. I am talking inflation relative to pre-Covid. I am not talking year-on-year because that may optically look a little less, but that is not the right way to look at it. ADVERTISEMENT Translate that for us in India because while global inflation indirectly is bad news for us, does that also mean that more flows will come back into emerging markets as the dollar will remain weak and will the search for yield start again? In that case a market like India would benefit. Am I summarising it correctly? Gautam Trivedi: You are mostly right, but there is one other way to look at this as well. If you look at the domestic economy which I just explained, that is obviously strong; but if you look at corporate earnings, it shocked me and I am sure it will surprise most of us. While sitting in India, we pride ourselves for having 13% to 14% earnings growth, that is always the estimates at the start of a new fiscal year and obviously for the last few years we have seen them pruned down. But the first quarter earnings for the S&P 500 were as strong as 12%. Now, you may ask me that, hang on, the Mag-7 accounts for a bulk of it. Yes, the Mag-7's earnings growth was 28%, but the balance 493 companies reported an average growth of 9%, so that is still very strong for an economy that is as large as the United States. So, keep that factor in mind. ADVERTISEMENT The other interesting report that I read was from a US sell-side firm. It said that 50% of the largecap mutual funds in the United States that have a combined AUM of $3.5 trillion and 50% of them have outperformed the benchmark year to date versus the long-term average of around 37% of the funds. So, things are pretty good back in the States both from an economic standpoint as well as performance from the domestic equity markets. As you rightly said, one thing that will force money to leave the United States will, of course, be the weakness of the dollar. At this point of time, foreigners own 18% of US equities and that is a record high as well. So, any significant or a prolonged weakness in the US dollar will clearly have money flowing out of the United States into Europe and, of course, emerging markets. ADVERTISEMENT The last time you connected with us, you believed it would take time for the FIIs to return. But that was back in January. But now, we are seeing that FIIs are again getting into the Indian markets in a staggered manner. There has been a bit of a buying in the cash segment. But are they here to stay and in which sectors do you believe the investment can trickle in? Gautam Trivedi: I think they are here to stay for the longer term. Let us get real. Of the $5.2 trillion of India's total market cap, foreigners own almost a trillion dollars, so that is a huge amount in itself in absolute numbers. So, they are pretty much here to stay from that standpoint. The question really is the timing of returning back with a lot of money and the feedback that I got for the most part was that India has gone from very expensive to expensive. Will it go moderately expensive? I do not see that happening until domestic flows do not slow down. Year-to-date, foreigners have been net sellers of about $10 to $10.5 billion, but domestic mutual funds and insurance companies have ploughed in about $32 billion. That is the velocity of the money that is coming into the equity markets from domestic flows and until that does not slow down, I do not see the Indian market getting cheaper unless, of course, there is a significant improvement in earnings growth which we have not seen as yet. So, the market remains elevated from a valuation perspective. ADVERTISEMENT When I asked everybody about where they would put their incremental money, India or China, they said if the relationship between China and the US were to improve, incrementally China looks definitely more attractive than India because it is trading at half the valuation and also has pretty strong earnings growth. But let us come back to India. The US-China relationship is conjuncture. But what we know is that there are a lot of themes in India. I was just looking at exchanges and financial themes ex banks, which is mutual funds, stockholding companies and brokerages. Where are you picking your spot in this entire financial inclusion theme now? Gautam Trivedi: The NBFCs have had a tough run. We have invested recently in a gold loan company only because a large private equity fund is taking a solid position and pretty much where the promoter is stepping back. So, we are a special SITS fund and we look for that special situation in a company which makes it attractive for us and a potential for re-rating, so that is what we have done within the financial space. Having said that, financials are our largest bet as a sectoral allocation. 31% of our AUMs are in financials. I am talking about exchanges – BSE, NSE. I am talking about mutual fund companies. There is Nippon, there is HDFC AMC, there is UTI, that is the other theme. Then, there are fee-based companies, wealth management companies, Nuvama, 360, and then last but not the least, some of the brokerages like Angel, Motilal Oswal. Are you picking up anything which is in the non-NBFC or the lending basket? Gautam Trivedi: No, we have not actually and we find even their valuations are not cheap. So, we have basically stayed away at this point from venturing into any of these non-BFSI spaces, but within the overall umbrella of financials. Any interesting sunrise theme which you would say right now is at a niche stage but has potential to become big? Three years ago, solar was a niche theme, defence five years ago was a very niche theme, EVs five years ago again were known but relatively unknown in terms of market presence. Today, they have become the mainstay for a lot of companies. Anything which is small, could become big, or anything that is young could become tall and strong. Gautam Trivedi: I would love to say AI, but people ask me what is the best way to play it? Is it through Indian IT companies? Frankly, we have not seen evidence of that as yet of Indian IT companies developing expertise to a great extent in AI as yet and I am sure there is something that is happening behind the scenes, we do not know yet, but that could be potentially a story. Having said that, our sunrise sector, and again it is not new really, but the one sector that is our second biggest sectoral allocation is power which we believe is a multi-decadal story. So, we are very strong in power. And the one thing that you forgot to mention is, that was also almost history but has had a huge turnaround is, wind energy. So, we have seen a lot of focus on that as well. But like you highlighted that from India being very expensive, it is moderately expensive now and all thanks to the domestic fund flow. But there are some concerns on the valuations of a couple of sectors that have been trading at higher valuation, case in point being EMS, that was I believe also one of the stories that you have been liking. But do you believe that the valuations of these companies will be at these levels, there is not much headroom for the valuations to come back to moderate levels and investors should be really prepared for that. Gautam Trivedi: So, let us talk about Dixon. We do not own the stock, but I just want to talk about it. It is really the poster child of the EMS business. We have seen a lot of copycats come in and people thinking they can match Dixon's execution, scale, and the ability to actually get some of the biggest customers that are out there. But the fact is that the market continues to reward a stock like Dixon, which is trading at north of 80 times one year forward earnings. And it is every quarter delivering 90% to 100% topline growth. Now at what point would the market say hang on a second, this is way too expensive? The day or the quarter when we see the earnings growth falter, the market is quite unforgiving. In the last 12 months or so, even a slight disappointment has ended up with stocks getting punished quite ruthlessly. So, my view is that the EMS space is here to stay. Can India become the services factory of the world? Clearly, I think it can happen. Companies like Dixon have clearly shown that this is where Hon Hai was 20 years ago and look how big that company has become. They have grown from just assembling phones to actually starting to make the phones. So, if you look at the evolution of where a Dixon or an Amber or any of these EMS companies could be five or ten years from now, it could be very different. The market to some extent is betting on that and second, of course, is rewarding the growth. I do not see valuations for EMS companies coming down. Question is are you as an investor comfortable at a 75 or 80 times one-year forward PE and if you are, you will make money in these stocks.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store