Marketing

Report: Amazon may be launching pharmacy business

Photo by istock.com

May 26, 2021

Amazon is reportedly looking to move into the pharmacy business and the news prompted a dip in shares for CVS of 3%, and 4% for Walgreens, according to a CNBC report.

CNBC cited a Business Insider story that claimed the mega-omnichannel retailer is looking to launch brick-and-mortar pharmacies as standalone stores and also within its Whole Food supermarkets as well.

Amazon declined to comment on the news, except to state, "Amazon Pharmacy is focused on making at-home delivery pharmacy easier and more convenient for customers."