CVS to Open Smaller Pharmacy Stores

This year, the pharmacy chain will open around 12 locations, each about half the size of its traditional stores.

Transcript

00:00CVS is aiming to grow by downsizing its stores.

00:04This year, the pharmacy chain will open around a dozen locations, each about half the size

00:08of its traditional stores, focusing solely on the pharmacy and eliminating the usual

00:13front-end areas with snacks, greeting cards, and other consumer goods.

00:18These smaller stores are a part of CVS's broader turnaround strategy, which has also

00:23involved closing over 1,000 locations and laying off thousands of employees to adapt

00:28to the rapidly changing industry.