CVS Health has announced its plans to close dozens of pharmacies inside Target stores as part of its efforts to streamline its retail footprint. The closures are scheduled to take place between February and April this year, according to a company spokesperson.

The decision to close the pharmacies comes at a time when pharmacy chains are facing challenges in growing their retail profits. CVS stated that the move is based on an evaluation of changes in population, consumer buying patterns, and future health needs.

CVS has been operating pharmacies inside Target stores since late 2015. The healthcare giant has aimed to close about 300 stores annually in the past few years.

This move reflects CVS’s strategic approach to adapt to evolving market dynamics and optimize its retail operations. The company’s decision to re-evaluate its retail footprint underscores the shifting landscape of consumer behavior and the healthcare industry.