Find in the news:
BY COUNTRY

Amazon started selling drugs and collapsed stock in pharmacy chains



Stocks of massive pharmacy chains have fallen in price after the announcement that the online retailer begins the delivery of drugs.
Amazon Depositphotos

Amazon has announced the beginning of pharmacy sales through its platform. It will allow buyers to order delivery of prescription drugs directly to their homes, an option that is expected to become very popular during the pandemic. 

While buyers would benefit from such an innovation, for large pharmaceutical companies, such news has become, if not shocking, quite alarming. A new major player on the market threatens a complete redistribution of forces in the industry, which may harm many pharmacy chains; some supermarkets and stores, for which a pharmacy's presence was a way to increase traffic, may also suffer.

Overnight, many pharmacy chains' shares fell in price, with a drop of 9 to 20%. For Walgreens Boots Alliance, the largest U.S. pharmacy chain, the news turned into a 9.6% drop in stock prices, CVS Health pharmacy chain experienced a fall of 8.6%. Rite Aid shares fell by 16.3%.

Another negative consequence of Amazon's entry into the pharmaceutical companies market will be an inevitable decline in drug prices and decreased profitability in this area. However, for buyers, this approach is beneficial. 

A joyous moment for buyers will be that many pharmacy chains will begin to offer more product delivery options in a competitive struggle. Most pharmacies do not have this option, and buyers are forced to queue in premises that are not always well ventilated, significantly negative during a pandemic. 

Photo credit: depositphotos.com.

More about shopping malls in the USA



DAY BEFORE YESTERDAY, USA:
Stüssy is preparing to launch the new archive store in Brooklyn, New York, for one month.
May 23, 2024:
Located on Broadwick Street in Soho, London.
May 22, 2024, USA:
Luxury fashion house Balenciaga inaugurated its first standalone store in Chicago, Illinois.
May 21, 2024, France:
Some fashion brands are opting to hold their showroom presentations in Milan this season due to logistical challenges posed by the Olympics.
May 20, 2024:
The collection follows the recent launch of Zara's 'Timelesz' line and represents another step in enhancing its kids' division.
May 17, 2024:
David Beckham has signed a multi-year design deal with Hugo Boss
Friend
and Follow
Plaza Singapura GLA:482 311 SF
ADDRESS: Plaza Singapura, 68 Orchard Rd, Singapore 238839
Singapore . Singapore
Plaza Singapura
Adigeo GLA:452 084 SF
ADDRESS: Verona city center
Italy . Verona
Adigeo
Arkadia GLA:1 184 030 SF
ADDRESS: Aleja Jana Pawla II 82, 00-175
Poland . Warsaw
Arkadia
212 Istanbul Power Outlet GLA:753 474 SF
ADDRESS: Mahmutbey Merkez Mah. Taşocağı Cad. No:5 Bağcılar  /  İstanbul
Turkey . Istanbul
212 Istanbul Power Outlet


Edit text

Dear visitor!
If You wish to add appropriate information to this description, please make changes in the text below and they will take effect after being verified by Malls.com administrator.

SAVE CHANGES
ADD PHOTO

Dear visitor!
If you desire to add more photos to this description, please upload them and they will appear on the page after being verified by Malls.com administrator.

CHOOSE PHOTOS
SAVE CHANGES
Sign in Malls.com
Sign in please, if you already have an account

Registration



Error filling
Error filling
Error filling
Error filling
Thank you!
You will receive e-mail with registration data shortly. In email you'll find link, confirm your account by clicking on it, please.

Malls.com Team
Thank you for message!
In the near future you will be contacted the manager
for further details.

Malls.com Team
Good mall, bro!
In the near future you will be contacted the manager
for further details.

Malls.com Team
We are dissatisfied with you :-(
In the near future you will be contacted the manager
for further details.

Malls.com Team

Write to us