Walgreens and the Retail Drugstore Industry

Paper Summary:

The purpose of this paper is to describe and analyze the retail drugstore industry and then focus on Walgreens, the industry leader in terms of sales. As part of the Walgreens analysis, its major competitors (CVS Corporation and Rite Aid Corporation) will also be described and analyzed.

Defining the Industry
Number and Type of Pharmacies
Drugstores
External Forces and Agents
Health Maintenance Organizations
Sales
Growth Strategies
Competitors
Competition
Technology
Demographic Trends
Suppliers / Vendors
Regulation
Managed Care and Pharmacy Benefit Managers
Walgreens - A Company Snapshot
Positive Demographics Should Help Fuel Growth
Walgreens Strategic Response
Differentiation
Focus
Walgreens SWOT Analysis
Competitive Analysis
Rite Aid Corporation
CVS Corporation
Financial Analysis

From the Paper:

"During the 1990s, many factors were applying downward pressure on the profit margins of retail drug companies', including the rise of health maintenance organizations (HMOs) and pharmacy benefit managers (PBMs), advances in information technology, the emergence of e-commerce, and economic power concentrated in the hands of large pharmaceutical companies (Global Powers of Retailing, 2000).Companies in the retail drugstore industry are engaged in the retail sale of prescription drugs, proprietary drugs, and nonprescription medications. Many also sell medical devices, as well as a variety of cosmetics, toiletries, tobacco, novelty items, snack-foods, and beverages (Encyclopedia of American Industry)."

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