Walmart Launches 30-Minute Prescription Delivery, Rivals CVS and Walgreens

October 23, 2024
Walmart Launches 30-Minute Prescription Delivery, Rivals CVS and Walgreens
  • Walmart has launched a new same-day prescription delivery service, available initially in six states, which aims to intensify competition in the pharmacy sector.

  • The service is currently operational in Arkansas, Missouri, New York, Nevada, South Carolina, and Wisconsin, with plans to expand to 49 states by the end of January 2025.

  • This new offering allows customers to receive prescription medications and refills alongside groceries in as little as 30 minutes.

  • Customers can choose between free delivery for Walmart Plus members or a standard fee of $9.95 for non-members.

  • Medications are securely packaged, and customers can track their orders in real-time, receiving delivery confirmations.

  • However, certain medications, including controlled substances and those requiring refrigeration, are excluded from the delivery service.

  • Walmart's entry into prescription delivery adds pressure on traditional drugstore chains like CVS and Walgreens, which are already downsizing due to changing consumer habits.

  • Despite the rise of telemedicine and prescription delivery services, traditional pharmacies remain vital for preventive health care, such as vaccinations.

  • This announcement follows Amazon's plan to open pharmacies with same-day delivery in 20 new U.S. cities by 2025.

  • Walmart's strong online presence and ability to deliver a variety of products gives it a competitive edge over traditional pharmacies.

  • Walgreens plans to close approximately 1,200 stores over the next three years, while CVS is set to close about 300 stores in 2024.

  • The ongoing financial struggles of CVS and Walgreens are exacerbated by competition from Walmart and Amazon, which launched its pharmacy service in 2020.

Summary based on 5 sources


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