With chain drug store counts, less is more, or is it?
by David Pinto, founder of Racher Press: The race for industry supremacy has pivoted in reverse. Is downsizing the best way to grow?
Opinion
Randy Edeker on the future of retail pharmacy
Industry icon sees difficult days ahead for community pharmacy.
Retailers and suppliers are out of balance
For as long as most of us can remember, the tug of war between chain drug retailers and their suppliers was one of relatively equal strength. Retailers came to the battle armed with that most valuable of commodities, shelf space.
The lessons of Walmart Health’s closure
The sudden, unexpected demise of Walmart Health marks the end of one phase of the retailer’s drive to enhance access to care, improve patient outcomes and lower costs, and the beginning of a more pharmacy-centric approach to achieving many of the same objectives.
Food is Medicine’s place at pharmacies
“You are what you eat.” We know that diet is a vital contributor to health. And now, new funding pathways from both the public and private sector are fueling even more momentum for Food is Medicine programs.
Purpose-driven brands connect with consumers
Having a strong brand purpose and connection with your target consumer is more critical than ever before. Distinct from “social purpose,” a truly purpose-driven brand’s mission should be obsessed with satisfying every category and/or target audience’s unmet needs.
Wentworth sets stage to revitalize WBA
Expect to see further significant changes at Walgreens Boots Alliance in the days ahead.
Palm Beach is the place to be this month
It happens every spring. As April winds down, the National Association of Chain Drug Stores once again convenes its fabled and nearly flawless Annual Meeting. Once again, upwards of 2,000 retailer and supplier executives will gather in Palm Beach, Fla.
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.
Three tactics for driving health-focused initiatives
Whether it’s the rise in plant-based alternatives and weight loss supplements or the significant uptick in personalized wellness programs, new trends and solutions are constantly emerging to promote healthier habits and choices for Americans.
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
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
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