Retail

CVS, Walgreens shares fall on report that Amazon may open pharmacies

0


Store signs from CVS, Rite Aid and Walgreens stores.

Getty Images

Shares of CVS Health, Walgreens Boots Alliance and Rite Aid are falling Wednesday on a report that Amazon may open brick-and-mortar pharmacies.

CVS shares were down about 3%, Walgreens was down nearly 4% and Rite Aid fell more than 4%.

Amazon is considering whether to push further into selling prescriptions by opening stand-alone retail pharmacies or adding them to Whole Foods stores, according to a report by Business Insider that cited three anonymous people familiar with the matter.

According to the report, discussions are in exploratory stages and if Amazon moves forward with the idea, it could take more than a year for the…



Source cnbc.com

Lockheed Martin and General Motors partner for NASA lunar rover

Previous article

Engine No. 1 wins at least 2 Exxon board seats as activist pushes for climate strategy change

Next article

You may also like

Leave a Reply

avatar
  Subscribe  
Notify of

More in Retail