Pharmacies take a $10B hit as Amazon lands Whole Foods deal
businessinsider.com
businessinsider.com
Not very clear what's going on here.
Also worth noting that this is businessinsider... not exactly the pinnacle of business journalism. There were probably other market events affecting CVS / Walgreens today other than Amazon's acquisition.
Worse, the labeling as homeopathic is often not very prominent, and these products are shelved with the non-homeopathic products that treat the same thing the homeopathic ones purport to treat. It is easy to not realize you have picked a homeopathic product if you are in a hurry, or if whatever you are there to get help for has left you kind of zonked out.
> Whole Foods doesn't have a pharmacy, though it does sell vitamins and supplements. That means that Amazon's entrance into the pharmacy business, at least at a brick-and-mortar-level, might not be immediate.
> "We recognize that the sheer establishment of a physical presence is likely to give pause to those more concerned by the Amazon risk but note that Whole Foods does not have pharmacy and therefore is less likely to serve as a specific conduit towards driving whatever Amazon’s eventual pharmacy strategy might be," UBS said in a note.
I think this is a good time to buy pharmacy shares.
The more likely play for Amazon to get into the pharmacy business via an acquisition is by buying Target.
You can't generalize a target market by the fringe groups that might be part of it.
They had some kind of environmental problem with their storage tanks, and after a few months of "gas sales resuming soon", apparently they found that it would be too expensive to fix the problem, and its been that way ever since.
It is really puzzling, because not too far away on the other side of the street there is a gas station/convenience store/Subway that DOES sell gas, and has a much more varied stock. I have no idea why anyone would choose the no-gas store instead.
The street is one of the main entry/exit streets for the town. People coming into town will pass the no-gas store first, but will be able to see other store just a little farther down, and it is on the same side of the street they are on, so it seems the more obvious choice.