December 24th, 2024 by WCBC Radio

Downtown Cumberland’s CVS Pharmacy on Baltimore Street is one of about 900 pharmacies the company is closing across the country.  Dismal third quarter earnings kicked off the downsizing.  CVS and Walgreen’s have set several store closures across the country and Rite Aid recently filed for bankruptcy.  Pharmacies have faced slumping business due to online retailers that give consumers more competitive pricing like Amazon Pharmacy or Cost Plus Drugs, which also ship to the consumer’s door.