Zacks Industry Outlook Highlights CVS Health, Walgreens Boots Alliance, Rite Aid and Amazon

For Immediate Release

Chicago, IL January 25, 2023 Today, Zacks Equity Research discusses CVS Health CVS, Walgreens Boots Alliance WBA, Rite Aid RAD and Amazon's AMZN.

Industry: Pharmacy & Drugstore

Link: https://www.zacks.com/commentary/2043036/3-retail-pharmacy-and-drugstore-stocks-to-watch-amid-industry-headwinds

The past three years of the public health crisis have significantly altered the structure and trend of the Retail - Pharmacies and Drug Stores industry. On a positive note, amid the ongoing supply-chain disruption and staffing shortages within healthcare, the retail pharmacy business has been in high demand, thanks to the exponentially growing demand for distant medical services and remote patient care. Particularly, mail-order pharmacies are registering growth on account of telehealth and remote monitoring services.

Added to this, with digitization, retail industry players are significantly strengthening their omnichannel presence from sole brick-and-mortar dependency. All these are creating unique opportunities for stalwarts within the industry like CVS Health, Walgreens Boots Alliance and Rite Aid, which are investing strategically in easy patient access to prescription and maintenance medications.