The pharmacy chain cited “local market dynamics” and “population shifts” as reasons for departure, but it didn’t come as a surprise to the neighborhood.
PORTLAND, Oregon — Another business is preparing to leave the area around Pioneer Courthouse Square.
CVS Pharmacy will close its location on Southwest Broadway across from the square on March 5, according to a company spokesperson. People who work and shop nearby said they were not surprised by the news.
In a statement, a CVS spokesperson pointed to “local market dynamics” and “population shifts” as reasons for closing the store. The company will continue operating nine other locations in Portland,
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