The retail apocalypse continues in Virginia, with another major chain closing a store.
Bad news for Fairfax City, Virginia residents, with the announcement that CVS will be closing a store in April.
Over the last few weeks, the retail industry has been rocked, with major national retailers announcing multiple store closures.
Over 860 retail stores will close in 2023, with more to come. Big companies such as Walmart, Amazon, Macy's, GAP, and Best Buy are closing locations across the United States.
Now you can add CVS to this list.
The CVS in the Courthouse Plaza shopping center at 10390 Willard Way will close its doors permanently on April 18. Customers will have their prescriptions transferred to the CVS at 10090 Fairfax Blvd.
CVS will close up to 900 stores by the end of 2024; at this stage, no other closures are planned in Fairfax County. There are currently nine other CVS locations in Fairfax.
"Maintaining access to pharmacy services in the communities we serve is an important factor we consider when making store closure decisions. Other factors include local market dynamics, population shifts, a community’s store density, and ensuring there are other geographic access points to meet the needs of the community.” Amy Thibault, the lead director of external communications for CVS Pharmacy,
The retail industry
Retail chains have been hit hard lately with falling sales and staff shortages. Virginia has been one of the states most affected by store closures.
The U.S. Department of Commerce reported that retail sales had fallen in February by 0.4 percent. This comes after they fell during the end-of-year holiday season in 2022
Some blame Amazon as people move to online shopping, though it is worth noting that even Amazon has closed stores recently. Others blame the tanking American economy and state that President Joe Biden is to blame, while some say state governors are the cause of retail issues.
For a complete list of retail store closures across Virginia, please read this article.
I will keep readers informed of any new developments in the retail industry, so please follow me to get the latest updates.
Your thoughts
Do any of these store closures affect you? Do you believe the federal government should offer these businesses more financial support? Are you concerned about those people who will lose their jobs? Who do you think is to blame for these store closures?
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