FMI Report: Supermarket Pharmacy Business Healthy
Jul 17, 2008 6:00 AM, By DAN ALAIMO
ARLINGTON, Va. — A new report from the Food Marketing Institute here shows the supermarket pharmacy business to be healthy, and growing in services and tie-in opportunities. Among other findings, “Supermarket Pharmacy Trends 2008” reports that key benchmarks are up significantly from 2002 to 2007, including median number of prescriptions filled per day, median percentage of prescription sales from generic drugs, media percentage of prescription sales to total store sales, and median of the gross margin for the pharmacy department. Additionally, the study said 92.7% of supermarket pharmacies will be ready for e-prescribing by the end of the year, while nearly half offer Medication Therapy Management in either all or some stores, with another third planning to implement it over the next year. “What is most significant [about the report] is that in today’s volatile marketplace, whether it is competition from other retail pharmacy providers, mail-order providers, or competition to keep the overall health care costs down, supermarket pharmacies continue to post strong and steady performance figures,” said Cathy Polley, FMI’s vice president of pharmacy services. “It shows that pharmacy in the grocery industry is healthy and continuing to show uptrends in sales, while also showing some improvements in efficiencies,” said Randy Heiser, vice president, pharmacy, Giant Eagle, Pittsburgh. Heiser is the immediate past chair of the FMI Pharmacy Services Committee.
Read More of Today's Headlines
Subscribe / Renew to Supermarket News
The most reliable source of industry news and insight...in print and online.
- Subscribe Today and gain instant access to the online SN Archive
- Renew
- Sign up for email newsletter
advertisement
Most Viewed News
Retail Analytics
Brian Ross
In This Week's Viewpoints
Dan Alaimo:
The Pace of Change Challenges Food Retailers












