Pharmacy Cutting back: CVS, Walgreens And Ritual Guide To Shut down Almost 1,500 Stores1,500 Stores The country's biggest pharmacy chains are confronting mounting strain, and they've recommended a similar content to fix their ills: shutting down stores. Previously suffocating in $3.3 billion in the red and confronting forthcoming narcotic related claim settlements, Ceremony AidRAD - 9.3%, the country's third-positioned drug store chain behind CVS and Walgreens, is planning for chapter 11. As a component of continuous dealings, it proposes to close 400 to 500 of its 2,100 stores, however its bondholders believe that significantly more should screen. Its retail drug store section created $17.8 billion last year and $288 million in changed EBITDA. Recently, number two CVS finished an essential survey and reported plans to screen 900 stores somewhere in the range of 2022 and 2024. It's as of now reassessed 300 of them. GlobalData expert Neil Saunders imparted to CNN t...