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flag CVS introduces smaller pharmacy-focused stores amid closing over 1,000 locations.

flag CVS is launching about a dozen smaller stores this year, each half the size of a typical CVS, focusing solely on pharmacy services and some over-the-counter products. flag This move is part of the company's turnaround strategy, which also includes closing over 1,000 stores and laying off thousands of employees. flag The smaller stores aim to better meet local pharmacy needs amid increased competition from retailers like Amazon and Target.

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