CVS is planning a new approach to expansion-- downsizing. CNN reports the drugstore chain is opening around a dozen new stores this year. But the new shops won’t have the traditional CVS format stocked with toiletries, beauty products, and snacks. Instead, the smaller format store will only have a pharmacy.

CVS is opening new stores around the nation, but they will be significantly smaller and focus only on pharmacy services. The move comes as the industry undergoes a major shift.

Is your local Walgreens or CVS closing? It's no surprise that retailers across the United States have been closing their doors, especially pharmacies. What does this mean for you? Should you