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THE MARKET FORCES INFLUENCING THE PERFORMANCE OF US DRUG STORE CHAINS

THE MARKET FORCES INFLUENCING THE PERFORMANCE OF US DRUG STORE CHAINS The United States drug store industry is expanding in both salesvolume and store count. The most significant market forces shaping thesetrends are demographic characteristics, economic fundamentals andcompetitive formats. Demographically, the deceleration of populationgrowth, the ageing of the population and the lifestyles of babyboomers are the most significant factors impacting on drug storeperformance. Limited new shopping centre construction, continuedbankruptcies and acquisitions, and consumer concentration on price arethe near term economic forces at work in the industry. Competitively,pressure is being applied from outside the industry by the addition ofprescription departments in supermarkets and discount department stores.Internally, large discount drug stores have become a new merchandisingforce. These trends appear to favour the continued growth ofwellcapitalised drug store chains that focus on a health and personalcare image and emphasise convenience http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png International Journal of Retail & Distribution Management Emerald Publishing

THE MARKET FORCES INFLUENCING THE PERFORMANCE OF US DRUG STORE CHAINS

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Publisher
Emerald Publishing
Copyright
Copyright © Emerald Group Publishing Limited
ISSN
0959-0552
DOI
10.1108/EUM0000000002954
Publisher site
See Article on Publisher Site

Abstract

The United States drug store industry is expanding in both salesvolume and store count. The most significant market forces shaping thesetrends are demographic characteristics, economic fundamentals andcompetitive formats. Demographically, the deceleration of populationgrowth, the ageing of the population and the lifestyles of babyboomers are the most significant factors impacting on drug storeperformance. Limited new shopping centre construction, continuedbankruptcies and acquisitions, and consumer concentration on price arethe near term economic forces at work in the industry. Competitively,pressure is being applied from outside the industry by the addition ofprescription departments in supermarkets and discount department stores.Internally, large discount drug stores have become a new merchandisingforce. These trends appear to favour the continued growth ofwellcapitalised drug store chains that focus on a health and personalcare image and emphasise convenience

Journal

International Journal of Retail & Distribution ManagementEmerald Publishing

Published: Jun 1, 1991

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