Major Drugstore Chains Overhaul Operations Amid Retail Challenges
• 1 min read
CVS and Walgreens initiated dramatic transformations in 2024, closing hundreds of stores and revamping business strategies under new leadership. The pharmacy giants struggled with declining front-end sales while seeking to modernize their century-old retail model.
CVS Health to Cut 2,900 Jobs Amid Cost-Saving and Restructuring Efforts
• 1 min read
CVS Health announces plans to lay off 1% of its workforce as part of a broader cost-cutting initiative. The company is also considering separating its retail pharmacy and insurance units, signaling potential major changes in its business structure.