Drug Store Retailing - US - March 2019
"US drug store revenues are expected to be valued at over $293 billion this year. While the sector has consistently posted revenue gains, the pace of growth is projected to decelerate in light of continued channel-shifting and a consumer preference toward generic drugs versus name brands. Drug stores are focused on retention while at the same time trying to evolve to modernize store formats, expand product offerings and services within and beyond the pharmacy, and build ecommerce. Digitization and a fresh, fearless approach to new partnerships are important undercurrents in this evolution. While this may not be the “year of Amazon” in the drug store/healthcare industry, the threat is looming larger than ever, causing drug stores and others with pharmacies to actively try to prepare for what this could mean."
- Diana Smith, Associate Director - Retail & Apparel
This Report looks at the following areas:
- The role of drug stores
- The role of technology
- The beauty opportunity
- The food and drink opportunity
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