Industry Analysis & Industry Trends
Demand for pharmaceuticals will continue to increase as they become more affordable to more people due to healthcare reform and the aging baby-boomer generation. However, cost cutting measures implemented by the government will likely shrink profit margins. Despite potentially small profit margins, competition will remain strong among industry players and alternate retailers... purchase to read more
Industry Report - Industry Locations Chapter
The Pharmacies and Drug Stores industry requires chain stores and independently operated stores to have a widespread geographic presence of conveniently located stores to be competitive. Chain drug stores with a broad geographic presence typically have an advantage over independent stores. As many Americans use pharmacies as a primary healthcare source, these stores are more capable of negotiating low prescription prices with large insurance and pharmaceutical companies.
As with most other retail establishments, convenience has become a key to success. A company's location and the ability to provide one-stop shopping are significant marketing factors... purchase to read more