A missed opportunity for retailers and CPG companies
In today’s landscape, retail pharmacies only account for 2% of the $100 billion dollar ad spend from brand- and vendor-funded retail media, according to WPP media company GroupM.
Opinion
Personalized health care is the future of pharmacy
As pharmacy retailers continue to find their footing in a post-COVID world, it’s important that they look at the changing trends in health care and what consumers expect in their care.
In-store digital networks elevate shopping experience
There was a time when likely the only electronic or digital display of any kind that could be found in a pharmacy or drug store was the sign indicating the name of the business above the entrance. Today, things are very different.
Generation Alpha’s influence is taking hold at retail
WSL Strategic Retail has long advised that to see the future of retail, you have to follow the shopper. And today, many of those shoppers are following someone in very small shoes.
Retail shrink: We’ve seen the enemy, and it’s us
Retail shrinkage is a challenging topic for me to write about, not just because anytime I see or hear the word shrinkage, I can’t help but think about the Seinfeld episode focused on poor George, a cold swimming pool and an ill-timed “exposure” to a fellow house guest.
Upcoming months may shape pharmacy’s future
The balance of this year and the first months of 2024 will be a time of testing and potential transformation for retail pharmacy. Several pivotal questions, some of which have plagued the industry for many years, seem to be headed toward resolution.
It’s time we honor the MVPs of chain drug retailing
To further recognize the 90th anniversary of the National Association of Chain Drug Stores, it occurs to at least one industry observer that this would be the perfect time to create a Chain Drug Store Hall of Fame.
O-T-C category moving from ‘sick care to ‘well care’
and when I say “us” I do not just mean one company. I
A more intentional approach to vertical integration
In the past few years, “vertical integration” has been a hot topic for leaders in all health care businesses, from pharmacies to insurers to hospitals.
Ways in which the industry can deliver greater value
Value is about how much something is worth, in terms of either cash or importance. In our industry there are a number of different ways to think about value: from the consumer’s eyes; the patient’s eyes; the retailer’s eyes; the brand’s eyes; or the payer’s eyes.
PQA is intent on standardizing pharmacy measures
PQA, the Pharmacy Quality Alliance, launched an initiative in 2019 to develop a standardized set of pharmacy performance measures.
PhRMA: The ‘pill penalty’ imperils cancer drug gains
Earlier this summer, I had a front-row seat for the amazing progress biopharmaceutical companies are making in the battle against cancer. The deluge of data at this year’s American Society for Clinical Oncology (ASCO) meeting provided many reasons to cheer.
Momentum clear at midpoint of NACDS’ 90th year
More than six months into NACDS’ 90th Anniversary Year, the association continues to leverage a defining moment for pharmacy and for health and wellness.
To reduce health care costs, untether Rx
President Joe Biden earlier this month unveiled a series of measures designed to help rein in high health care costs, which constitute a heavy financial and psychological burden for many Americans.
TSE doesn’t deserve its stepchild status
Perhaps the most underrated and underappreciated retail trade event in America today is the exposition about to unfold in San Diego.
Walmart offers Rx for health care’s ills
Walmart has taken several significant steps to heighten the impact of its pharmacists on the health and well-being of Americans.