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CVS to close 22 drugstores next year

November 6, 2019


CVS Health will close 22 “underperforming” drugstores early next year in addition to the 46 stores it shuttered earlier this year, the company said Wednesday in a regulatory filing.

The locations weren’t disclosed. The company recorded a $96 million impairment charge on its third-quarter earnings related to the 22 stores. It recorded a $135 million charge in the first quarter due to the 46 stores it closed during the second quarter.

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