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 looking to grow itself by shrinking. The pharmacy chain is opening around a dozen stores this year that are about the half the size of its traditional layout and have only a pharmacy — ditching the front-end of the store that traditionally has sold snacks, greeting cards and other consumer staples.

CVS is in the early stages of rolling out the smaller format stores, with the first few locations expected to open by the end of the year. The company is also continuing to open traditional pharmacies inside Target stores, the report said.

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