Millennials impose new dynamic in cosmetics
and indeed exceeds — the hype. I am speaking of the vaunted Millennials, the 18- to 34-year-old age group who one would think (based on the all of the articles in the press) accounted for the vast
Opinion
Battle to build scale is now a global contest
McKesson Corp.’s agreement to acquire Rexall Health from Katz Group is notable in several respects. The transaction alters the balance of power in the Canadian pharmacy market.
CVS recognized as retail health innovator
Fast Company, one of the more appealing and relevant business publications to have come along in recent years, recently compiled a list of the world’s 50 most innovative companies. Several familiar names were included, perhaps most notably to retail students, CVS Health.
Where would we be with no generics?
The numbers are in for medication spending in the U.S. for the year 2015. And the story headline could read: Thank You, Generic Medication Industry. Another headline for the same story could read: Alarming U.S. Medication Cost Increase of 12% for 2015. Both headlines would be defensibly accurate.
CDMA still invaluable to small retailers
This year, Chain Drug Marketing Association (CDMA) marks its 90th anniversary. To translate, the organization was begun in 1926. The date was three years prior to the Great Depression and 13 years before the outbreak of World War II.
AMP issue illustrates the pressure on Rx
After years of political and legal wrangling, the Centers for Medicare & Medicaid Services (CMS) has issued its final rule on Covered Outpatient Drugs, which governs reimbursement to retail pharmacies for generic medications dispensed under Medicaid.
Data-driven insights can fuel CPG sales gains
Challenging conditions notwithstanding, advanced data science provides cause for optimism this year for consumer packaged goods marketers. That is the message of IRI’s latest Times & Trends report, “Taking Stock of CPG Past and Future: Gear Up Now for a Year of Growth.
As health care battle persists, pharmacy moves ahead
Clearly, health care reform will remain a contentious issue during the current presidential election cycle and beyond. The House of Representatives started the new year by voting to gut the Affordable Care Act.
Changes loom as industry starts new year
The new year has begun inauspiciously for chain drug retailing, an industry that is still trying to assess the results of the just completed Christmas selling season. By all accounts, December was a month of no great accomplishments, even if it was not the disaster some observers predicted.
Mobile devices back drive for health, wellness
The mobile experience, including both websites and apps, can play a prominent role for those tracking their fitness and wellness, managing multiple medications, and/or managing an illness or chronic condition. According to Pew Research Center, nearly two-thirds of Americans own a smartphone.
Status quo in retail pharmacy won’t suffice
In many significant ways, the chain drug store business looks very different at the start of 2016 than it did a year ago.
Hopes of chain drug industry rest with new leaders
Christmas is over, yesterday’s news. And the mass retailing community is scampering to assess its impact on sales, earnings and the future. For chain drug retailers, this holiday selling season, like so many before it, was acceptable, if hardly record-setting.
Health information now captured by what you wear
Putting patients increasingly in control of their well-being and health care outcomes has truly come of age.
Mexican Rx market offers strong growth opportunities
one with outstanding growth potential for pharmacies that build strong differentiating capabilities. The Mexican pharmaceutical market grew 3% annually over the past few years to reach $14
MTM runs into roadblocks
It is said that patience is a virtue. With respect to medication therapy management (MTM) by chain pharmacists, patience has been more a necessity than a virtue. Among and between health care providers, including pharmacists, there have been MTM pilot projects and some test collaborations.
Paradigm shift in mass retailing now under way
The retailing business in the United States may have reached an inflection point during the period around Black Friday, traditionally seen as the start of the holiday selling season.