Pharmacy chain Walgreens has been on a tear of expanding its store offerings as of late, while competitor CVS recently announced a plan to close 900 stores over the next three years.
Walgreens has increasingly focused on smaller-format pharmacy-focused stores and has stated an ambitious goal of opening at least 600 primary care practices by 2025, a pivot into healthcare anchored by the company's majority investments in VillageMD and CareCentrix.
Conversely, in a November statement announcing the planned closures, CVS said it "will close approximately 900 stores over the next three years to reduce store density and ensure it has the right kinds of stores in the right locations for consumers and for the business."
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