Behold, the Pharmacy of the Future
Brick-and-mortar pharmacies face increasing competition from online retail options, leaving their outlook murky. Industry experts feel pharmacies need to focus on being tech-driven – and fast.
Tag: Walgreens
News Roundup (October 18, 2024): Debt Struggles, Butter Price Surges, Teen Trends
FI Fast Break audio news: Oct. 16, 2024
The latest FI news podcast touches on the notable reduction in drinking among young adults — especially when it comes to wine.
Private Label: an Increasingly Effective Retail Lever
Private label represents roughly 19% of the market. It offers brands and retailers an opportunity to deliver on price, taste, and quality.
FI Fast Break audio news: May 22, 2024
The latest FI Fast Break news podcast touches on Target’s plans to reduce prices on several items this summer.
Retail Theft is a Growing Problem – Can the Tide Be Turned?
Major retailers including Target, Walmart, Whole Foods, Walgreens, and CVS have all recently decided to close locations across major US cities, raising concerns about the future of retail in some of the most distinguished business …
Shoplifting Has Become a $100B Problem for Retailers
The good news is the waning pandemic has allowed consumers to return to in-person shopping; the bad news is the return has been coupled with a sharp rise in retail shoplifting theft, a $100 billion …
FI Newscast (March 31, 2023) – Featuring Kelly Springer, Kelly’s
Welcome to the FI Newscast! Each week, we note the latest industry trends and consumer insights, with guest appearances by the foremost industry experts. This week’s guest was Kelly Springer, CEO of Kelly’s Choice. Produced …
Upping the Ante: Walmart Joins List of Retailers Increasing Pay
Now that Walmart has joined Target and Costco by raising their minimum pay to about double the federal rate of $7.25 an hour, fast-food outlets may have to consider boosting their minimum to $20 to …
Dearth of Rural Drug Stores Creates Opportunity for Chains
Where have all the corner drug stores gone? Those of a certain age remember the traditional corner drug store – the place you went after school, nickels clutched in hand, to buy a piece of …
The Keys to Moving from the Great Resignation to the Great Retention
Higher pay. Flexible work hours. A retirement account. What more do workers want? The answer is: plenty. The pandemic changed the way a lot of people think about work, and employers are not only scrambling …
Employment at Grocers, Restaurants Down in August Despite Net Employment Gains
Ahead of Labor Day Weekend, the labor situation for grocers and restaurants is anything but rosy. Although both the Bureau of Labor Statistics (BLS) and ADP showed a net gain in jobs for August, hiring …
World Celebrates Women’s Day as Gender Equality Lagging in Food Industry
Today is International Women’s Day (IWD), a day created in 1911 to celebrate the achievements of women. These days, IWD is largely viewed as an opportunity to celebrate the accomplishments of women in areas such …
In-Store COVID-19 Vaccination Efforts Prepped by Drugstores, Grocers
Despite reaching a sobering coronavirus milestone earlier this week, U.S. drug stores and grocers are increasingly optimistic that they will be able to support in-store COVID-19 vaccination efforts as supplies become available at their stores. …
Grocery Stores Prepare to Distribute COVID-19 Vaccines
Neighborhood grocery stores will likely serve as major providers of COVID-19 vaccinations, reported The Wall Street Journal (Nov. 30). Supermarkets are working to secure storage materials for the vaccines, and other medical gear required for …
Amazon Cuts into the Pharmacy Business
Amazon opened an online pharmacy Nov. 16, allowing customers to order medications and prescription refills for delivery, reported CNBC (Nov. 17). The retail giant has been building its pharmacy offering for several years now. In …