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e-commerce markets

CVS to Close 900 Stores Over Three Years, Push Online Business

By
Malique Morris
· · Source: The Information

Pharmacy retailer CVS on Thursday announced that starting next spring it will begin closing 900 of its more than 9,000 stores over the next three years as the company looks to drive more of its business online. CVS is the latest traditional retailer to change its business model to strengthen its e-commerce presence. In March, Saks Fifth Avenue spun off its online business, and last month one...

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