The talks are mostly exploratory and any meaningful rollout of stores could take more than a year, according to the report. (https://
There have been discussions about putting the pharmacies inside of Amazon-owned Whole Foods locations, Insider reported.
Amazon did not immediately respond to a Reuters request for comment.
The e-commerce giant launched an online pharmacy in November for delivering prescription medications in the United States, stirring up competition with drug retailers such as Walgreens, CVS Health and Walmart (NYSE:WMT).
The move was built on its 2018 acquisition of PillPack, which Amazon said would remain separate and cater to customers who need pre-sorted doses of multiple drugs.
The company’s potential move into the physical pharmacy space will pit it against established players, including Walgreens Boots Alliance (NASDAQ:WBA) Inc, CVS Health Corp (NYSE:CVS), Walmart Inc, Rite Aid (NYSE:RAD) Corp and Kroger (NYSE:KR) Co.
Shares of Walgreens, CVS and Rite Aid were all down between 3% and 5% on Wednesday.