Walgreens Boots Alliance is expanding home deliveries for prescriptions across the nation, joining rival drugstore chain CVS Health as stores continue adjusting to consumer preferences for on-line and delivery services.
Walgreens also will team up with FedEx to deliver prescriptions as soon as the next day for a $4.99 fee, the drug store chain said Thursday.
The Deerfield, Illinois, company is offering same-day deliveries in several cities, including Chicago, New York and Dallas. Walgreens started offering deliveries in several markets in October.
|WBA||WALGREENS BOOTS ALLIANCE INC.||37.90||-2.97||-7.27%|
|CVS||CVS HEALTH CORP.||92.64||-0.70||-0.76%|
Last year Walgreens and FedEx launched a partnership where the drugstore chain started providing package drop-off and pick-up services at thousands of stores.
Shares of Walgreens were down more than 1 percent as the broader market extended its losses. Shares of CVS Health tumbled 4 percent.
Both companies said delivery services are faster options than mail-order prescription programs.
The moves are part of a host of actions by brick-and-mortar retailers competing against Amazon.com.
CVS Health and Walgreens Boots Alliance both operate more than 9,000 U.S. locations.
The Associated Press contributed to this story.