Walgreens is closing stores and CVS is slowing openings. The drugstore industry's transformation is getting serious.
CHICAGO - Changing consumer habits have emptied malls, sent department stores into bankruptcy and transformed grocery stores.
Now it's the drugstore's turn.
On Tuesday, Walgreens disclosed it will close 200 U.S. stores. On Wednesday, CVS Health said it will slow the pace at which it opens new locations.
For pharmacies, which also face pressures related to reimbursements for medication, getting customers to come in once a month for a prescription refill, or for an occasional gallon of milk or bottle of shampoo isn't enough. Walgreens and CVS are both
