Drug stores have sustained a dip in trips in recent years, down nearly 15% from 2015 to 2017, according to IRI. This loss of trips is challenging for the drug class of trade, as stores lose the foot traffic they need to accelerate growth. Our data and analytics indicate that trips in drug are down
Real estate has always been critical to the strategies of chain drug stores, but given the dynamics in the sector today, one could make a strong argument for the necessity of maximizing real estate down to the last square foot.
This year’s flu season has been particularly severe, with the Centers for Disease Control and Prevention reporting the highest rate of flu-like illnesses since 2009. It also reported the highest flu-hospitalization rate since 2010, when it started keeping records.
For new products, clinching sales hinges on consumer awareness of the brand and its benefits. With so many marketing channels as possible avenues of promotion, brand marketers must optimize budget dollars to reach their target market by choosing the right message for each one they utilize.
measured in terms of number of deals, size of deals, or both — it may be best remembered as the year that a bold new approach to M&As that we call “neumarkets” revolutionized retailing and a
More than any other consumer industry, beauty and personal care are driven by trends. New trending ingredients, formulations, colors and brands come around every season. Walk into your average drug store and you’ll see this reflected on shelves. In fact, here in the U.S.
We in the food industry are well aware of the consumer turn toward healthier choices in dining.
this time in the form of a merger with Albertsons Cos. The news doesn’t come as a complete surprise: Rite Aid’s decreased debt made it a more attractive merger or acquisition target,
Abuse of prescription opioid drugs is a significant contributor to the opioid epidemic that has struck across the United States. Prescription misuse plays a major role in the 115 daily overdose deaths and the overall economic burden of $78.5 billion per year.
Cybercriminals violate consumer privacy because they can and because they can profit from it. According to September 2017 Kantar Retail ShopperScape data, 84% of shoppers say they are somewhat/extremely concerned about the security of the personal/financial data online.
The stage is set for a regulatory change that will boost innovation by consumer health care products manufacturers, according to leaders of their association.
Changes on the retail scene bode well for the consumer health care products market because they show that chains are trying to stay engaged with their customers, says Consumer Healthcare Products Association (CHPA) chairman and Clarion Brands chief executive officer Gary Downing.
is there any bigger cliché in the category management and shopper insights world than those two words? Usually you see these words in the context of a service provider making claims about its unique ability to provide value.
CVS Health and Walgreens are commonly referred to as the leaders in the drug store business. The designation usually is meant to convey the scale of their operations compared to that of their competitors in the trade class (sales at Rite Aid Corp.
slowing growth, rising pain at the pharmacy counter — have
for the policy makers and pharmacy advocates who participated, the pharmacy profession as a whole and, ultimately, patients across the country — came into sharp focus during the daylong series of meetings on Capitol Hill that is
