3 Misconceptions About Amazon Pharmacy & What It Says About the Future of Physical Pharmacy Retail
Amazon rattled the pharmacy world when it announced its new Amazon Pharmacy concept in late November. Competitors’ stocks fell from 8 to 22 percent the day the news was shared. The timing could not have been better for Amazon Pharmacy, as CNBC reported: “Americans are increasingly relying on getting their medicines via mail to avoid […]
Caring for Communities: How the Top 3 Retail Pharmacies Lead the Charge
When Amazon announced they would expand its pharmacy services, analysts called it a warning shot for the top retail pharmacies. Amazon was expected to bring the same type of disruption to pharmacy that it had to books, DVDs, retail and grocery. Retail pharmacies, however, have an edge on Amazon: they’ve got roots in the communities […]
Top 3 US Retail Pharmacies: Who’ll Capitalize on Consumer Obsession with Health & Wellness?
Note to reader: This is the second installment of our series on how the top retail pharmacies in the US—Rite Aid, CVS, and Walgreens—are evolving to meet ever-changing consumer demands. When you’re done, check out first installment on new store formats. Retail pharmacies have long been a one-stop-shop for beauty, grocery and yes, pharmacy. But […]
Top 3 US Retail Pharmacies: Are New Store Formats the Prescription for Success?
It’s a race to the top in pharmacy retail. The top three pure play brick-and-mortar pharmacy retailers are choosing different but similar paths to get there. In a new series, we’ll be taking a closer look at what Rite Aid, CVS, and Walgreens are doing in five pharmacy retail markers for success. Up first: new […]
Harder, Better, Faster, Stronger: Covid & Pharmacy Retail
Let’s talk silver linings. By now, we’re all familiar with both the serious devastation and annoying everyday inconveniences of life during a pandemic. In addition to dispensing life-saving medication, pharmacies are often the closest place to grab a bottle of water or toilet paper. As a result, health retailers occupy a unique position in retail. […]
5 Partnerships That Could Transform Your Local Walgreens
No doubt that Walgreens Boots Alliance—which owns the U.S.-based Walgreens and the UK-based Boots pharmacies—has seen recent challenges. Stefano Pessina, Walgreens’ executive vice chairman, CEO and largest individual shareholder, said Q2 was “the most difficult quarter we have had since the formation of Walgreens Boots Alliance.” He identified “market challenges and macro trends” as the […]
5 Ways CB4 Improves Pharmacy Same-Store Sales
Among retailers, the pharmacy vertical is perhaps the most competitive and ruthless—acquisitions coupled with the emergence of online vendors mean there are fewer total players on the field, and those that still exist are bloated and fall short on customer experience. For example, while Walgreens’ same-store pharmaceutical sales increased by 5.1% in Q2 2018, their […]
Innovations in Pharmacy: How Tech is Revolutionizing the Drugstore
For decades now, the drugstore has served as the most immediate and accessible outlet for healthcare, bridging the gap between the worlds of retail and medicine. Pharmacies deliver vital medications that improve the quality of life for countless patients, while over the counter remedies offer quick and easy relief for less severe conditions. In the […]
