Why CVS and Walgreens Should Be Worried About Walmart
There are growing signs that Walmart (NYSE: WMT) is looking to make healthcare a larger part of its business, and that could be bad news for pharmacy retailers like CVS (NYSE: CVS) and Walgreens Boots Alliance (NASDAQ: WBA).
It's never a good thing to be going up against some of the largest and most resourceful companies in the world. But that's the reality for CVS and Walgreens, companies that are facing mounting competition from Amazon and now will also have to worry about Walmart. Here's why the big-box chain could soon be a thorn in the sides of both CVS and Walgreens.
Walmart's had a pharmacy for years, but lately it's been stepping up its game in the broader healthcare segment. In February, the company started offering healthcare services at a second store in the U.S. Customers near Dallas, Ga., and now Calhoun, Ga., can get a variety of services performed at Walmart, including dental, optometry, primary care, and many others.
Source Fool.com
