tout nearly 20,000 pharmacy locations across the US — and the two fill out a combined 3.5 billion prescriptions annually. Given that its established competitors have such a broad reach — and large physical footprints — acquiring PillPack won't give Amazon an immediate leading position in the pharmacy market.
And because PillPack is such a small player, Amazon isn't likely to upend the pharmacy industry just yet. PillPack controls a tiny sliver of the pharmacy market in comparison to big-name pharmacy retailers. But while it's not likely the deal will harm already-thriving pharmacies any time soon, PillPack opens up Amazon to a new revenue stream: The average PillPack consumer was worth $5,000 in 2018, per CNBC.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Here's why Amazon bought PillPack to crack the $500 billion prescription marketAlmost a year after buying PillPack for $750 million, Amazon is counting on its CEO, TJ Parker, to drive an aggressive pharmacy strategy. Abdul Rasheed Quresh hashmi 03060420285
Source: CNBC - 🏆 12. / 72 Read more »
The inside story of why Amazon bought PillPack to crack the $500 billion prescription marketAlmost a year after buying PillPack for over $750 million, Amazon is counting on its CEO, TJ Parker, to drive an aggressive pharmacy strategy.
Source: CNBC - 🏆 12. / 72 Read more »
Online pharmacy PillPack was reportedly on track to make $299 million in revenue when Amazon acquired the company in a $750 million dealAt the time that Amazon acquired PillPack, the company was on track to make $299 million in annual revenue, according to CNBC. So amazon made a loss
Source: BusinessInsider - 🏆 729. / 51 Read more »
Amazon, in Need of Drivers, Turns to Its EmployeesAmazon will pay its employees to quit and help them start their own local package-delivery businesses, as the e-commerce giant competes for delivery drivers in the tightest U.S. labor market in 50 years. Do you see the progression? Amazon was praised for their $15 wage knowing that automation will replace humans in fulfillment. Now they need delivery - until they automate that with driverless and drones. “Pay no attention to the man behind the curtain” The gig economy. Not a good bet for someone who needs a dependable income. Hmmm... that’s a pretty interesting model. Could work.
Source: WSJ - 🏆 98. / 63 Read more »
Members only: U.S. retailers revamp loyalty schemes for Amazon eraWith private fitting rooms, members-only stores and clever apps, U.S. department...
Source: Reuters - 🏆 2. / 97 Read more »
Amazon just launched a lending service in China while shuttering its local marketplaceThe lending program is aimed at growing the number of China-based merchants who sell directly to consumers in the U.S. and elsewhere.
Source: CNBC - 🏆 12. / 72 Read more »
3rd-party sellers are thriving on AmazonMore third-party sellers are bringing in higher levels of sales on Amazon than ever before:
Source: BusinessInsider - 🏆 729. / 51 Read more »
Amazon Is Accused of Violating Kids’ Privacy With Smart SpeakersAmazon improperly records and preserves the conversations of young users through its Echo Dot Kids devices, according to a coalition of privacy and child-advocacy groups. If parents don't want their kid's information stored by Amazon, they shouldn't be using the Echo system. Don't blame Amazon for your own decision to use their services. Fine JeffBezos $millions for crimes against his workforce. He is a modern day slave owner! Ah trouble in Amazon land
Source: WSJ - 🏆 98. / 63 Read more »
Uber CEO’s rallying cry as stock keeps sliding: Remember Facebook and AmazonAs Uber Technologies Inc. shares slid for a second consecutive day after the ride-hailing company’s massive initial public offering, Chief Executive Dara... I actually agree with him
Source: MarketWatch - 🏆 3. / 97 Read more »
Amazon holds talks with workers in Poland as strike threatenedAmazon said on Friday it was in talks with employees in Poland after unions thre... every amazon worker should strike This mean one thing : robots are coming. Wait one damn minute... you mean to tell me that Amazon isn’t actually located in THE Amazon? What a bunch of bullshit!!!
Source: Reuters - 🏆 2. / 97 Read more »
Amazon offers to help employees start delivery businessNEW YORK (AP) — Amazon, which is racing to deliver packages faster, is turning to its employees with a proposition: Quit your job and we'll help you start a business delivering Amazon packages.
Source: YahooNews - 🏆 380. / 59 Read more »