CVS Plans 60 New Stores in 2026 After Years of Closures

The company closed over 1,100 stores since 2022 due to industry pressures.

Apr. 1, 2026 at 2:14pm

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CVS Health is planning to open around 60 new locations in 2026, a notable shift after several years of closing stores across the country. The company closed more than 1,100 stores since 2022 as it adjusted to industry pressures from lower reimbursements and online competition, but now expects to end 2026 with more stores than it started with.

Why it matters

Retail pharmacy chains like CVS have faced significant challenges in recent years, with insurance payments shrinking and shoppers turning to cheaper or online options. These pressures have already pushed competitors like Rite Aid into bankruptcy and led to major changes at Walgreens, so CVS's plans to expand again after a major reset are noteworthy.

The details

CVS plans to open about 60 new locations in 2026, including nearly 20 smaller, pharmacy-only sites, while closing a few dozen others. This comes after the company closed more than 1,100 stores since 2022 as part of an effort to streamline operations and improve performance.

  • Since 2022, CVS has closed more than 1,100 stores while opening nearly 200.
  • CVS expects to end 2026 with more stores than it started with.

The players

CVS Health

A major retail pharmacy chain that has faced industry pressures in recent years.

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The takeaway

CVS's plans to open new stores in 2026 after a period of significant closures show the company is adapting to the changing retail pharmacy landscape, even as competitors have struggled with similar challenges.