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CVS to Close 900 Locations Over Three Years, Focus on Three Store Formats as Part of Omnichannel Strategy

Retail TouchPoints

The store closures will begin in spring 2022 and are the result of CVS “evaluating changes in population, consumer buying patterns and future health needs to ensure it has the right kinds of stores in the right locations for consumers and for the business,” according to a company statement.

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4 Tips for Retail Businesses Hungry for Venture Capital Funding

Retail TouchPoints

In addition, every separate funding stage was down by 44% to 54% YoY, which shows investors are comprehensively assessing all current and potential investments at all stages of growth. So despite the slowdown, there are still opportunities for growth-minded operators in the retail and consumer goods industry to win buy-in through 2023.

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4 Tips for Retail Businesses Hungry for Venture Capital Funding

Retail TouchPoints

In addition, every separate funding stage was down by 44% to 54% YoY, which shows investors are comprehensively assessing all current and potential investments at all stages of growth. So despite the slowdown, there are still opportunities for growth-minded operators in the retail and consumer goods industry to win buy-in through 2023.

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CVS launches 14-day app event for loyalty members

Mass Relators

Over the past two years CVS has seen strong growth in digital adoption, engagement and omni-channel shopping as CVS customers looked for ways to order health, wellness, and other essentials online or make their trips to the store more efficient, affordable, and convenient.

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CVS’ reinvention will advance on many fronts

Mass Relators

The nation’s largest drug store chain said it would close 300 stores a year over the next three years as it adds primary care capabilities at some stores and converts more locations into HealthHub clinics, staffed with health care professionals and equipped with up-to-date medical technology.

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Cisco Networking Academy alumni develop infection prevention service model that impacts workplace safety

Cisco Retail

The overall health, well-being, and safety of employees, leaders, and teams is a top priority for Cisco as we transition to an inclusive hybrid work model. In preparation for office re-entry, Cisco is developing the support systems employees will need to succeed when working from a combination of onsite and offsite locations.

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How Tmall Global is overcoming the challenges of China’s zero-Covid policy

Inside Retail

Back in October, the online marketplace teamed up with global real estate giant Simon and Shop Premium Outlets to bring US brands to Chinese consumers through a series of livestream shopping events. The company is also doing virtual walkthroughs of stores for its consumers. Global Shopping Festival and throughout the holiday season.