CVS Pharmacy will close its 620 Old Philadelphia Road location on April 16. Population shifts, consumer buying patterns, store and pharmacy density, pharmacy care access and community health needs are among the reasons for the closure, according to Kara Page, corporate communications manager for CVS.

CVS announced the opening of a dozen or more pharmacy-only stores in a strategic move to meet community needs and remain competitive against companies like Target, Amazon, Walgreens, and Rite Aid.

CVS Health is rolling out a new and smaller pharmacy format amid hundreds of drugstore closures across the retail pharmacy industry and investor pressure to boost profits.

CVS Health’s CVS stock has gained strong momentum so far in 2025, rising 47.1%. While operating income declined nearly 5% in the fourth quarter of 2024 (as reported last month), impacted by continued pharmacy client price improvement,

CVS Health (CVS) is having a standout 2025. While most of the market struggles, yesterday’s case in point, CVS is thriving, leading the S&P

(CNN) - CVS is opening smaller stores that only have pharmacies as it tries to adjust to a changing industry. CVS plans to open roughly a dozen stores this year that only have a pharmacy and are about half the size of the normal layout.