CVS Plans to Open More Stores Than It Shuts in Retail Turnaround

CVS Health Corp. plans to open more pharmacies than it closes in 2026, marking the end of a four-year contraction for the largest American retail pharmacy chain.

CVS will open about 60 stores this year, including nearly 20 small pharmacy-only sites, spokesperson Amy Thibault said. The company will also close a few dozen locations, she said.

The health conglomerate, which also owns the major health insurer Aetna and the drug benefit manager Caremark, has turned around the performance of its retail pharmacy operations over the past several years by shutting stores and renegotiating contracts with insurers. Since 2022, CVS has ...