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