Friday, June 15, 2018

Drugstore Chains Adapt New Real Estate Strategies to Compete with Online Sellers

The country’s two major drugstore chains, CVS Pharmacy and Walgreens, are not immune to the impact of Amazon, which is eager to get a slice of the lucrative pharmaceutical pie, and other online retailers.

“Drugstores are not internet-resistant retailers, and as such, they need to closely evaluate their products and service offerings in an effort to stay relevant with their customers,” says Lanie Beck, director of research at Stan Johnson Co., which specializes in net lease investments. “If they can’t find a way to draw consumers into their stores, they risk losing market share to companies like Amazon, Walmart and online prescription retailers.”. . . more