Amazon Could Be Coming For Brazil’s Pharmacy Market

More from: | PYMNTS |

Following Amazon’s acquisition of PillPack in June, Morgan Stanley Analyst Javier Martinez noted that the eCommerce retailer could take on the drugstore market in Brazil. Such a move could bring competition for Brazil drugstore operator Raia Drogasil SA, which is already planning to open 240 stores, Bloomberg reported.

“We argue that investors should start considering potential pharmacy disruption from Amazon,” Martinez wrote. However, he added that Amazon is not a threat in the short- to medium-term. At the same time, he noted the retailer would have to overcome complicated regulatory and logistics hurdles. Still, he noted that “complexity doesn’t mean that it can’t be done, just that it may take longer.”

In June, Amazon announced that it


Read full article »

About | PYMNTS | is reinventing the way in which companies share relevant information about the initiatives that shape the future of payments and commerce and make news. This powerful B2B platform is the #1 site for the payments industry by traffic and the premier source of information about “What’s Next” in payments and commerce. C-suite executives, company founders, and investors turn to it daily for these insights, making the audience the most valuable in the industry. It provides an interactive platform for companies to demonstrate thought leadership, popularize products and, most importantly, capture the mindshare of global decision-makers. It’s where the best minds and best content meet on the web. Innovations in payments and commerce have become highly intertwined. PYMNTS covers every aspect from retail reinvention to the Internet of Things.

»Twitter: @pymnts »Facebook: @pymnts