Will the two store formats eventually converge into one? It certainly seems that way. As people take a more preventive mindset towards their health, apples and oranges become just as important as shots and screenings — and supermarkets and drug stores each want what the other has.
At an analysts’ conference this week, Walgreens CEO Greg Wasson elaborated on these new opportunities:
“As patients gain more access to healthcare information and they become more responsible for making their own healthcare decisions, patients are indeed becoming more shoppers of health care.”
Walgreens plans to stock more fresh food, and is piloting a produce program in some of its urban Chicago stores. Rite Aid, meanwhile, recently partnered with Supervalu to offer groceries and produce in 10 of its South Carolina stores.
But don’t expect one channel to outdo the other in its core competency. Handling perishables is a complicated new game for drug stores. And supermarkets don’t always carry the range of medication and personal care items that a drug store does.
Rather, each channel is trying to chip away at the other’s customer base by increasing shopping occasions and grabbing those peripheral purchases. It’s a battle that’s escalating, and it’s all centering on health and wellness.