Here's why Walgreens and CVS retail pharmacies are struggling — and what they're doing to fix it
Publishing timestamp: 2024-08-19 08:21:27
Summary
Retail pharmacy chains like Walgreens and CVS are facing challenges such as falling reimbursement rates, competition from online retailers, and inflation. They are closing stores and trying to adapt to the changing landscape of the industry. Pharmacies may need to reinvent themselves to stay profitable in the future.
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Tickers: WMT, AMZN, DLTR, TGT, WBA, CVS, CI, UNH, RAD,
Keywords: retail industry, breaking news: business, business news, breaking news, biotechnology, biotech and pharmaceuticals, business, rite aid corp, health care industry, walmart inc, amazon.com inc, cigna corp, united states, walgreens boots alliance inc, target corp, unitedhealth group inc, cvs health corp, dollar tree inc, pharmaceuticals,
Source: https://www.cnbc.com/2024/08/18/why-walgreens-cvs-retail-pharmacies-are-struggling.html