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.
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.
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
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.
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
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.
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.
As we consider the evolving landscape of retail, drug stores are at a crossroads.
from CPG to fashion. Much of that is true and, as the
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.
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
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.
“Now hiring.” This posting is all too common in the pharmacy sector. A shrinking talent pool frustrates the plans of both chain stores and independents to improve patient care. Yet improving patient care paves the pathway to greater profitability.
The phrase “same but different” has its origins in Thailand and is reflective of the ambiguity built into the Thai language. It enables uncertainty in everything. The 2023 North American Consumer Healthcare world was aguably the same but different.
The National Association of Chain Drug Stores will move from strength to strength when Kevin Host succeeds Mike Wysong as the organization’s chairman during the NACDS Annual Meeting here this week.
