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jerryking : pharmacies   19

Supermarkets Face a Growing Problem: Too Much Space - WSJ
By Heather Haddon and Julie Jargon
July 31, 2017

A massive retail build-out has taken a toll on earnings, leaving the industry vulnerable to closures; ‘There’s only so much food we can buy’....Supermarket chains operating in dense areas where shoppers have more online grocery options are particularly vulnerable to future consolidation, according to Barclays Capital Inc., which said that 38 of the top 50 grocery markets in the U.S. are already too saturated by food retail per capita or are on track to be so by next year......the growth in groceries has extended across many types of retailers in recent years. Part of the expansion comes from grocers, who accelerated their store openings as a way to drive sales growth after the 2008 recession. At the same time, club chains, dollar stores, pharmacies—and even gas stations—increased their fresh food offerings to drive traffic and boost profits.....The food-retail sector has become even more saturated at a time when competition is only getting fiercer, particularly at the two ends of the shopping spectrum. Growing European deep-discounters Aldi and Lidl are vying for U.S. market share, hoping their prices will win over the budget-conscious shopper while internet companies like Amazon.com Inc. are trying to lure higher-income grocery shoppers online. Regional supermarkets and conventional ones such as Kroger Co. and Albertsons Cos. are the most likely to get squeezed in the process, according to analysts....... enduring changes in eating and food-shopping habits toward cheaper and more convenient options means consumers will increasingly spread their dollars among a variety of retailers.
retailers  grocery  supermarkets  oversaturation  e-commerce  barbell_effect  real_estate  store_openings  commercial_real_estate  prepared_meals  convenience_stores  pharmacies  overcapacity  Aldi  Lidl  consolidation 
july 2017 by jerryking
Thoughtful Italian dealmaker who plays the long game
| Financial Times |

Stefano Pessina has struck dozens of deals during his 40-year career. But unlike a gung-ho corporate raider, the 74-year-old chief executive of Walgreens Boots Alliance has played the long game, getting to know potential partners and targets, and waiting for the right moment to strike. This week was no different. Walgreens announced the purchase of Rite Aid for $17.2bn, alighting on the chain in a period of consolidation in the US pharmacy industry.
dealmakers  Italian  pharmaceutical_industry  retailers  CEOs  consolidation  pharmacies  long-term  long-range 
november 2015 by jerryking
The incredible shrinking retail sector - The Globe and Mail
BARRIE McKENNA
The incredible shrinking retail sector
SUBSCRIBERS ONLY
OTTAWA — The Globe and Mail
Published Thursday, Feb. 12 2015

Entire categories of products are moving online, making many bricks-and-mortar stores redundant. Video and book stores are all but gone. Office supply, electronics and department stores are in retreat. A future without auto showrooms and movie theatres may be coming.

The era of the big-box store has peaked as city dwellers move back downtown, where space is at a premium.
Barrie_McKenna  retailers  size  mergers_&_acquisitions  downsizing  small_spaces  grocery  supermarkets  pharmacies  proximity  convenience_stores  store_footprints  post-deal_integration  bricks-and-mortar  consolidation  distribution_channels  Target  Wal-Mart  Loblaws  competitive_landscape  e-commerce  fresh_produce  perishables  big-box  supply_chains 
february 2015 by jerryking
Rexall reinvents itself in a bid to boost profitability - The Globe and Mail
MARINA STRAUSS - RETAILING REPORTER
The Globe and Mail
Published Wednesday, Jun. 04 2014

Rexall’s transformation entails everything from replacing its deep blue and orange signature colours with “pool-side” aqua to launching new profit-friendly private label lines such as Be Better and adding more food. A key weapon of choice is offering flu shots and health consultations....Even so, Rexall may need to team up with another player, such as grocer Sobeys or discounter Wal-Mart Canada Corp. or Quebec-based pharmacy specialist Jean Coutu, Mr. Torella suggested. Rexall runs pharmacies in Ontario and Western Canada but none in Quebec nor Eastern Canada, where Sobeys operates drugstores..... Joe Jackman and his Jackman Reinvention Inc. firm, which helped revive Duane Reade and other retailers, is now advising Rexall in its change process.
pharmaceutical_industry  Loblaws  Marina_Strauss  retailers  reinvention  pharmacies  boutiques 
july 2014 by jerryking
Loblaw’s big bet on thinking small - The Globe and Mail
Jul. 16 2013 | G&M | SUSAN KRASHINSKY AND JOSH KERR.
(Charles Waud & WaudWare)
The push into the small-format direction is driven by changing consumer habits, as demands on time force consumers to look for more one-stop shopping solutions in their neighbourhoods, without having to drive to bigger retailers. The convenience store industry has already responded by attempting to alter its down-market image and offering more fresh foods. Loblaw has integrated pharmacies, as well as health and beauty products, into its locations. And along with Shoppers, drugstores have increasingly been selling everything from digital cameras and iPods to milk and dry goods, household items, and expanded beauty products.

This not only helps those retailers to market themselves to busy, younger urban shoppers, but it also addresses Canada’s aging population. Seniors are the fastest-growing demographic group in the country, and prefer to stick closer to home when running errands, Mr. Tyghe observed. “It’s very much about proximity and convenience.”

While the new general store model has worked for Shoppers – the price per share of Loblaw’s offer represents a 27-per-cent premium to Shoppers’ closing price a day before the announcement – there is room for Shoppers to improve in its food offerings, said Doug Stephens, author of The Retail Revival. The challenge, he said, will be to augment that section with some of Loblaw’s products without disrupting the overall shopping experience.

“They have to be very careful with the Shoppers Drug Mart model – a lot of allegiance there,” Mr. Stephens said.

Ultimately, the advantages for Shoppers stem from the buying power the chain inherits, which will allow it to provide whatever product mix works for changing consumer habits at a lower cost.

The “buying clout and synergies” Shoppers would gain post-acquisition will prompt competitors to find ways to match these benefits, said Kevin Grier, a senior market analyst at the George Morris Centre
big_bets  buying_power  convenience_stores  digital_cameras  downsizing  grocery  Loblaws  mergers_&_acquisitions  one-stop_shop  pharmacies  post-deal_integration  proximity  retailers  Shoppers  size  small_spaces  store_footprints  supermarkets  supply_chains  Susan_Krashinsky  synergies  time-strapped 
august 2013 by jerryking
The best sectors for would-be founders
May 22, 2013 | The Financial Times | Luke Johnson

Certain jobs are suited to entrepreneurship, while others are definitely not. If you have ambitions to become an entrepreneur, it pays to join the ...
Luke_Johnson  entrepreneurship  career_paths  farming  real_estate  academia  pharmacies  founders 
may 2013 by jerryking
Big Retailers Fill More Aisles With Groceries
111.
Nick Metrowsky
Longmont Colorado
January 17th, 2011
11:29 am
Watch, as grocery stores abandon poorer areas and the drug stores become the new corner store; driving out "Joe's Corner Store"...
letters_to_the_editor  grocery  supermarkets  pharmacies  Wal-Mart  Target  Walgreens  CVS  fresh_produce  low-income 
march 2013 by jerryking
Stores Like Target and CVS Add Groceries to Attract Shoppers - NYTimes.com
January 16, 2011 | NYT | By STEPHANIE CLIFFORD.

Reflecting a major shift in the way Americans shop for food, retailers better known for selling clothes or aspirin, including Walgreens, CVS/Pharmacy and Target, are expanding in a big way into the grocery business, with fresh produce, frozen meats and, yes, even sushi.... The changes have hit the traditional grocery businesses, stores like Supervalu and Safeway, whose profits had already been declining because of rising food prices, fixed real estate and labor costs, and more competition.

Like the grocers, the convenience stores and discount stores are not making a lot of money on their groceries. Instead, the goal is to draw more customers.
retailers  grocery  supermarkets  pharmacies  Target  CVS  Walgreens  fresh_produce  frozen_foods  convenience_stores  consumer_behavior 
march 2013 by jerryking
General CPG Stores Rise; Supermarkets Decline | @ppetite
by Linda Eatherton, Chicago
Mon, 3/7/2011

General merchandisers, drugstores, dollar stores and other traditionally non-food retailers are scrambling to add fresh food and more groceries to their shelves. They see groceries as an opportunity to boost customer visits, increase shopper loyalty and add to their profit margins.

The average consumer visits a grocery store 2.1 times per week but a drugstore only 1.2 times per month.

The trend could mean more convenience and lower prices for consumers, but more competition and a thinner piece of a shrinking pie for traditional grocers.

Besides battling rivals in their own expanding ranks, grocers also have to contend with convenience stores, farmers markets, food co-ops and other food sources.
supermarkets  grocery  pharmacies  convenience_stores  fresh_produce  CPG 
march 2013 by jerryking
Meet the upscale gas station
April 4, 2012 |FORTUNE | By Dan Mitchell.

It's hard to imagine that gas stations will become "the next Whole Foods." But making them less unpleasant would be good business.

-- A new report concl...
gas_stations  convenience_stores  retailers  fresh_produce  pharmacies  big-box 
march 2013 by jerryking
Going small the best route for cash-rich Metro
January 30, 2013 | G & M pg. B2 |by Sophie Cousineau.

Metro is a great operator with an outstanding track record. Its first-quarter results, which on Tuesday reported first-quarter profit of $121.4­ mil1ion compared with $103.7 ­million in the year earlier period, prove it yet again. Yet the Quebec grocery chain has had it relatively easy in recent years. Its main competitor, Loblaw, was its own worst enemy, struggling with its merchandising and its computer systems. Metro dominates the Quebec market with an estimated market share among conventional food distributors.

But the market is changing. WalMart Canada is expanding unreand Target is emerging as a formidable foe from the ruins of Zellers. To say that the competition is heating up is an understatement. These American retailers are shaking a Tabasco bottle over the Quebec and Ontario markets, dotting these provinces with super-sized stores and bountiful grocery aisles.

Target is not considered as serious as a menace as Wal­Mart. Many of Target's stores are located in shopping malls where Metro has exclusivity rights on the sale of food. Wal-­Mart, which started sending out food flyers to Quebec homes, is another story.
But even with an acquisition as important and as as Safeway’s, Metro could never “outscale” or even come close to it. And while Metro has two discount banners. its namesake stores don"t venture into price wars nor would they want to
go on the American retailers' turi war. By putting the accent on the freshest fruits and vegetables and the best shopping experience, Metro is taking a different tack from its American competitors.
Getting scale in the pharmacy business would make a lot more sense for Metro. As a pharmaceutical distributor and a drugstore operator under the Brunet banner, Metro is a regional Quebec player. Yet for there to be an acquisition, Metro needs a seller. While Jean Coutu Group Inc. is aging, the Coutu family has nevel expressed the slightest interest ir selling the business they control through multiple voting shares. Moreover, they are focusing their energy on Canada after retreating from the American market.
supermarkets  mergers_&_acquisitions  M&A  retailers  price_wars  pharmacies  grocery  ethnic_communities  scaling  Jean_Coutu  Wal-Mart  Target  Metro  competitive_landscape  Sophie_Cousineau  merchandising  shopping_malls 
january 2013 by jerryking
Ghanaian SMS Start Up Tackles Fake Drug Scourge - Tech Europe - WSJ
November 12, 2010 WSJ By Ben Rooney. A patient goes into the
pharmicist, buys the drugs and scratches off a panel to reveal an
10-digit code. They send that number in an SMS message — which is free —
using a short dialing code. A few seconds later they get a text back
confirming, or otherwise, the authenticity of the drugs.
drugs  pharmaceutical_industry  Ghana  SMS  counterfeits  pharmacies  mobile_phones  Africa  text_messages  authenticity 
july 2011 by jerryking

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