Amazon Counter Turns Rivals’ Storefronts—Starting With Rite-Aid—Into Package Pickup Centers

It’s often called the “Amazon effect,” the e-commerce giant’s tendency to send stock prices of traditional retailers reeling once it moves into their market. Drug-store chains, for example, saw their stocks tumble when Amazon bought an online pharmacy last year. Now one drug chain, Rite-Aid, has chosen to partner with the Amazon juggernaut. Rite-Aid’s stock […]