It should be clear to everyone that cvs is in serious trouble. Amazon will eat our lunch and we cannot stop the inevitable.
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Yes me and I everyone I know get all of our prescriptions from Amazon. Have been since they bought pillpack 6 years ago. /s
The country would be a better place with out 9000 understaffed overpriced dumps. Mom and pop pharmacies are slowly coming back in some areas.
One opened up a few years ago in the same plaza as a 5000 script CVS in my town and they are quite busy. I spoke to the owner and she said they take in many transfers from frustrated CVS customers every day. I worked in that CVS location from 1999-2006 and we had acquired ALL 4 mom and pops in the surrounding towns in that time. It’s nice to see them lose those scripts to someone who cares about their profession and who is from our community. I wish CVS and WAG nothing but failure. They’ve worked hard for it and deserve it.
Yes the current business model is unsustainable, and corporate is slow to respond. So yes, CVS is failing right now. The C-suite is definitely asleep at the wheel and making poor decisions. That said, Amazon just opened their first ever brick and mortar Amazon Pharmacy store. Yes, Amazon is a threat. They haven't been able to fully crack into healthcare yet that's true, but they have a lot more resources than CVS and are not giving up. CVS is trying to rest on their laurels of we're #1, we'll never fail, people will never leave us. That arrogance will be their downfall.
Amazon has been unsuccessful in trying to crack healthcare for like a decade now. The system is a lot more complex than just selling random cr-p over the internet. I suppose they could bully their way in via m&a but even that runs into antitrust issues. Bigger risk for cvs right now is incompetence in the c suite