CVS plans to shut 9% of retail locations, shift to more digital services

CVS Health Corp. said that it will close about 900 stores, or 9% of its total in the United States, over the next three years, as it adjusts to shoppers who are buying more online, CNBC reports. The company said that it will focus more of its efforts on digital growth and turning its stores into destinations that offer a range of health-care services, from flu shots to diagnostic tests.