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CVS Health shifting its business model to online and plans to shut about 900 stores

CVS Health is planning to close about 900 of its physical stores in the upcoming three years. The American healthcare firm has decided to shift its physical retail business model to online wholly. The firm has transformed its stores into a one-stop healthcare destination called HealthHubs and will focus on growing its digital presence. CVS will begin to close its stores in Spring 2022. On the contrary, the healthcare firm plans to launch about 1,000 HealthHub locations by the end of the year.

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