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
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
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.
In an era focused on changing consumer behavior and technological advancements, it’s no surprise marketers have had to adjust their approach when it comes to advertising.
Following the coronavirus pandemic, record-high inflation, and the rise of e-commerce and delivery options, pharmacies have had to adjust to a radically different consumer shopping experience. Add on the pending loss of third-party cookies, and pharmacies are at a crossroads.
For the better part of the last three decades, venture capital (VC) has underwritten many of the most significant innovations in our industry.
Retailers face myriad challenges and decisions almost daily. Top among these is understanding consumer preferences and how those change over time.
Many changes that have been predicted in health care and pharmacy are now taking shape in the market. Pharmacists are increasingly becoming a driver in improving patient outcomes, a trend driven by broader market shifts. The stat sheet Patients and pharmacists are primed for this change.
The retail pharmacy industry is at a crossroads. The traditional economic model, once robust and reliable, continues to show signs of significant strain and may even be inching close to its breaking point.
America’s large chain drug stores have been in a tough spot. Walgreens’ fourth quarter report shed light on a whopping $3.1 billion in net losses for the calendar year.
Estimates project that prescription drug middlemen – pharmacy benefit managers (PBMs) – more than doubled their revenue over the course of the last decade and will do so again in the current decade.
At the beginning of the month, retail pharmacy advocates were engaged in a full-court press to convince members of Congress, who were locked in a protracted battle over federal spending and a possible government shutdown, to include meaningful PBM reform in a final budget deal.
Stew Turley passed away last month, a victim of deteriorating health and advancing age.
