Walmart Launches 30-Minute Prescription Delivery, Rivals CVS and Walgreens
October 22, 2024Walmart 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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Sources
Yahoo Finance • Oct 22, 2024
Walmart to deliver prescription medications as soon as 30 minutesksl.com • Oct 22, 2024
Walmart to deliver prescription medications as soon as 30 minutes