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Amazon

Should pharmacy industry worry about Amazon?

Should pharmacy industry worry about Amazon?

What would happen to your business if, tomorrow, Amazon bought a major chain like CVS Pharmacy, Walgreens or Rite Aid? Not so long ago, if you put this question to an executive in the chain drug store industry, the response might have been “Well, that’s not going to happen.” But now that Amazon has announced

Back-to-school spending expected to climb

Back-to-school spending expected to climb

NEW YORK — Back-to-school spending is forecast to rise this season, according to recent surveys from the National Retail Federation and Deloitte LLC. Families with children in elementary through high school plan to spend an average $687.72 each, for a total of $29.5 billion, an 8% increase from last year’s $27.3 billion, according to the

Retail turmoil opens the door for innovation

Retail turmoil opens the door for innovation

Ralph Waldo Emerson wrote, “People wish to be settled; only as far as they are unsettled is there any hope for them.” To the extent that Emerson’s insight is applicable to the grocery business, retailers vying for a share of the nation’s $800 billion a year in food and beverage sales, a contingent that includes

Drug chains on periphery of retail action

Drug chains on periphery of retail action

The biggest stories to come out of chain drug retailing thus far in 2017 are non-stories. Indeed, it’s grocery and discount store retailers that are making all the news, while drug chains continue to anticipate the newest developments — or, more likely, wait for them to happen. In the supermarket business, Albertsons Cos. is making

Pharmacy far from slam dunk for Amazon

Pharmacy far from slam dunk for Amazon

Amazon’s success as a pioneer of online retailing is unquestioned, and it continues to be a disruptor to brick-and-mortar retailers (most recently, grocery retailers). But the e-tail giant’s alternatives in the pharmacy space — which CNBC reported it has targeted — aren’t so clear cut, according to pharmacy supply chain expert Adam Fein. “I would

Amazon eyeing pharmacy space?

Amazon eyeing pharmacy space?

Amazon’s move into groceries shook up the food retail scene. That scenario may be in store for pharmacies. CNBC reported Tuesday evening that Amazon is ushering in a “business lead” to explore a foray into the pharmacy business and that the company has stepped up recruiting from the pharmacy arena. Citing unidentified sources, CNBC said

Analyst: Whole Foods tough for Albertsons to digest

Analyst: Whole Foods tough for Albertsons to digest

Albertsons Cos. reportedly is eyeing Whole Foods Markets, but it appears such an acquisition would be difficult for the Boise-based food and drug retailer to swallow. The Financial Times reported this week that Cerberus Capital Management, which leads the investor group that owns Albertsons, has engaged in preliminary discussions with bankers about a possible bid

Report: Amazon eyeing BJ’s Wholesale Club

Report: Amazon eyeing BJ’s Wholesale Club

Amazon has sure fed the acquisition rumor mill recently. The latest scuttlebutt: The online retail giant is taking a look at BJ’s Wholesale Club. The New York Post has reported that privately held BJ’s is putting itself on the block after its ownership determined that an IPO was ill-timed. Citing anonymous sources, the Post article

Amazon Prime Now extends delivery with Bartell Drugs

Amazon Prime Now extends delivery with Bartell Drugs

SEATTLE — Amazon Inc. has expanded its delivery of products from Bartell Drugs in the Seattle area. The online retail giant said Tuesday that its Amazon Prime Now service has more than doubled its reach for Bartell Drugs to include the Everett, Greenwood and downtown Seattle, Wash., neighborhoods. Bartell Drugs was the first drug chain

Retail innovations continue to emerge at Amazon

Retail innovations continue to emerge at Amazon

SEATTLE — Amazon.com Inc. continues to push the retail innovation envelope, recently unveiling a store without checkouts and field testing delivery by drones in the United Kingdom. The 1,800-square-foot Amazon Go store perhaps most closely resembles a high-end, high-tech convenience store. Customers do not need to scan their purchases or go through a checkout line.

In retailing, change is now the only constant

In retailing, change is now the only constant

In the early 1960s, Bob Dylan, who was just awarded the Nobel Prize in Literature, asked his listeners to “… admit that the waters/Around you have grown/And accept it that soon you be drenched to the bone/If your time to you is worth savin’/Then you better start swimmin’ or you’ll sink like a stone/For the

Amazon poses new threat to rivals as it ramps up PL

SEATTLE — Amazon.com Inc. reportedly is set to begin rolling out a broadly expanded lineup of private label brands as the company aims to burnish its reputation as a lower-cost retailer and bolster its efforts to sell more perishable goods. Amazon’s private label offerings will be available only to Amazon Prime members, The Wall Street

Retailers to feel impact of minimum wage hikes

Retailers to feel impact of minimum wage hikes

NEW YORK — Within hours of each other, the governors of California and New York recently signed bills that will eventually raise the minimum wage in their states to $15. The moves have intensified debate over the possible implications for the retail industry, which relies heavily on workers with low skills who typically receive comparatively