Pent up demand expected to propel sales of travel sizes
The trial and travel category represents a growing sales opportunity for those retailers and suppliers who manage it well.
Bill Schiffner
Retailers must keep pace with technological change
Consumer behavior in the foreseeable future will likely continue to be shaped by economic uncertainty and access to new technological advances.
Pursuing digital authenticity is a growth opportunity
authenticity. This is a mistake — and a missed
A call for disruption and innovation in retail Rx
In preparing for the National Association of Chain Drug Stores Annual Meeting this year, I find myself thinking about the myriad opportunities reshaping retail pharmacy, including overcoming declining margins, winning expansion of pharmacist provider status, and leaning into consumer needs and value
Artificial intelligence can help counter shrink
Inventory management and loss prevention continue to challenge businesses within the retail industry. A recent survey by the National Retail Federation, a trade association dedicated to the retail industry ecosystem, reported that collective U.S.
Recognize seniors’ unique needs to better meet them
According to the U.S. Census Bureau, the nation’s senior population, consisting of 55.8 million residents age 65 or older, is growing at a rate five times faster than the total population between 1920 and 2020.
Retail media networks: Grasping the opportunity
with eMarketer estimating it at about $60 billion in 2024, growing to almost $110 billion by 2027. The overwhelming percentage of this revenue comes from Amazon today, and a large degree of that is digital search. The bulk of the remainder goes through mass and grocery retailers
Five means of optimizing the transition to central fill
With prescription medication costs on the rise, pharmacies nationwide continue to experience increasing pressures to provide accessible and affordable care to patients while trying to balance the need to offer competitive pricing and a viable business model.
Six thoughts about the GLP1 weight loss revolution
I think it’s because our increasingly digital age shortens the maturity curve of innovation, and things that used to unfold now pop instead. That’s how I feel about the weight loss revolution facilitated by GLP-1
Overcoming retail labor shortages with self-checkout
The retail industry at large faces a pervasive issue: labor shortages. For retailers, this isn’t merely a trend, but a pressing reality that demands innovative solutions.
Beauty in the era of e-commerce and social media
The beauty industry is no stranger to evolution, with trends continuously cycling in and out of style. However, recent years have witnessed an unprecedented pace of change, largely driven by the transformative forces of e-commerce and social media.
Ways for drug chains to engage Latino consumers
As we consider the evolving landscape of retail, drug stores are at a crossroads.
Gen Z: Myths, realities and new opportunities
from CPG to fashion. Much of that is true and, as the
Three dramatic technological boosts to pharmacy
Retail pharmacists are being asked to play an increasingly pivotal role in patient care in their communities, and the stress is putting a serious strain on the system: persistent drug shortages, regulations, burnout, walkouts, and the list goes on.
Consumers in pharmacy deserts left high and dry
namely, CVS Health, Rite Aid and Walgreens Boots Alliance — opened stores at a rapid pace for many years, usually in street corner locations to provide the highest level of convenience to their customers. However, in the past two years, we have seen a reversal of this
CVS buys Medicare Advantage brokerage
According to a report in Modern Healthcare, CVS Health has acquired Medicare Advantage broker platform Hella Health. The online platform offers plans from Aetna, Cigna, Humana, UnitedHealthcare and other major insurers.