Sign up to create alerts for Instruments,
Economic Events and content by followed authors
Free Sign Up Already have an account? Sign In
Quotes
All Instrument Types
- All Instrument Types
- Indices
- Equities
- ETFs
- Funds
- Commodities
- Currencies
- Crypto
- Bonds
- Certificates
Please try another search
💎 Reveal Undervalued Stocks Hiding in Any Market Get Started
Walmart, CVS Health adjust pharmacy hours amid labor crunch
2/2
© Reuters. A sign for customers is pictured at a pharmacy where the Moderna coronavirus disease (COVID-19) vaccine is available inside a Walmart department store as Walmart and other major U.S. pharmacies take part in the Federal Retail Pharmacy Program, to increase
2/2
© Reuters. A sign for customers is pictured at a pharmacy where the Moderna coronavirus disease (COVID-19) vaccine is available inside a Walmart department store as Walmart and other major U.S. pharmacies take part in the Federal Retail Pharmacy Program, to increase
2/2
(Reuters) - Walmart (NYSE:WMT) Inc said on Friday it would adjust working hours for its U.S. pharmacy team and implement it nationwide in 4,600 locations, with drugstore operator CVS Health Corp (NYSE:CVS) doing the same for about two-thirds of its retail pharmacies, amid a tight labor market.
The United States has been experiencing a nationwide labor shortage since the COVID-19 pandemic which has forced retailers to offer attractive incentives and pay increases.
Walgreens Boots Alliance (NASDAQ:WBA) and CVS each raised their minimum wage to $15 per hour in 2021 while Walmart said last year it would increase the average pay of pharmacy workers to more than $20 per hour.
Earlier on Friday, the Wall Street Journal first reported CVS Health Corp and Walmart were cutting pharmacy hours.
Walmart's pharmacies will be open from 9 AM to 7 PM, Monday through Friday from March, while the weekend hours would not change, a spokesperson for the company said. Currently, they are open from 9 AM to 9 PM.
CVS said the new hours of operation, which begin in March, at impacted pharmacies will vary, adding it periodically reviews operating hours to make sure peak customer demand was being met.
The company had 9,900 retail locations including pharmacies, according to a regulatory filing in February 2022.
Walgreens said in a statement that at times it had to adjust store or pharmacy hours at some places after staffing challenges impacted retailers and healthcare entities, among others, over the last 12 months.
Related Articles
Add Chart to Comment
Confirm Block
Are you sure you want to block %USER_NAME%?
By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.
%USER_NAME% was successfully added to your Block List
Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.
Report this comment
I feel that this comment is:
Comment flagged
Thank You!
Your report has been sent to our moderators for review
Add a Comment
We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:
Enrich the conversation, don’t trash it.
Stay focused and on track. Only post material that’s relevant to the topic being discussed.
Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.
Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.