While all of the big tech companies have launched digital health initiatives and start-ups continue to pop up and be acquired, it is fair to say that Amazon has made the most noise in this area through its wide range of forays into the health care market. Amazon’s 1492 initiative has seen the company launch
BOSTON — E-commerce was the top retail growth driver in the U.S. even before COVID-19. And with this year’s digital acceleration, winning in retail long term now requires that brand manufacturers win online first. And, of course, no discussion of e-commerce is complete without reference to the proverbial 800-pound gorilla in the room: Amazon. The
Nationally distributed brands. Legacy brands. Digitally native brands. Marketplace-native brands. Vertical brands. Hybrid brands. Influencer brands. Amazon exclusives. Private label. The modern definition of a “brand” is varied and complex. In today’s dynamic environment, there are infinite ways for brands to go to market, which translates to an infinite number of brands on Marketplaces, specifically
But the news is not all good for online channels, including Amazon. That sales increase cannot be supported with adequate last-mile delivery if demand is concentrated around the traditional five days of Black Friday, and the first couple weeks of December. . December is already extremely busy for Amazon, but by starting sales earlier in
Amazon bested even its own records on Prime Day this year, as sales hit $10.4 billion, a 45% increase over 2019 and nearly three times the sales of the year previous. While there were many wins from brands both big and small, the statistic that you won’t read about in any press release is the
Since 2015, Amazon’s Prime Days have been stealing July headlines and market share. COVID-19 may have delayed Prime Days until October, but it didn’t slow down sales. Total Amazon sales grew 45% from 2019 Prime Days to 2020 Prime Days, and sales for Amazon third-party sellers grew 69%, according to 1010data Market Intelligence. During 2017
DEERFIELD, Ill. — Lauren Brindley journeyed from the U.K. five years ago to leverage her expertise gleaned from Boots to differentiate the beauty experience in Walgreens stores across America. Her imprint helped burnish Walgreens’ beauty shopping experience, making her an invaluable resource as the chain looks to mirror the success Boots established in beauty. During
ARLINGTON, Va. — In a show of solidarity, the National Association of Chain Drug Stores (NACDS), the Washington State Pharmacy Association (WSPA) and the National Community Pharmacists Association (NCPA) welcomed a recent court decision that confirmed the pharmacy reimbursement plan for the state of Washington violates Medicaid rules. The pharmacy groups are also urging the
Today, Amazon’s success goes far beyond how it has transformed the way we think about and embrace digital shopping. It’s too obvious to talk about how Amazon’s approach to search, click and buy has transformed our definition of convenience and service. Twenty years after it launched as a place to buy secondhand school texts, it
Now that 2020 has finally, and mercifully, wound down, and a new year finally, and mercifully, is about to dawn, there is cause for optimism. It is an optimism based, at least in part, on the theory that the coming year cannot be worse than the year just ended. In that spirit, the editors of
The Trump administration’s 11th hour attempt to bring down high prescription drug costs succeeded in drawing swift condemnation from health care stakeholders who frequently find themselves at odds. The finalization last month of two rules intended to ease the financial burden on patients — one of which aims to establish a direct connection between what
NEW YORK — Cardinal Health Inc. and AmerisourceBergen Corp. will be network administrators in the Federal Pharmacy Partnership Strategy for COVID-19, which will enable independent, small chain and long-term-care pharmacies to participate in the vaccination effort. McKesson Corp., which will be a centralized vaccine distributor, is preparing to carry out the Centers for Disease Control
POINT PLEASANT, W.Va. — Though it’s been around since 1980, the Southern Drug Store Association (SDSA) doesn’t receive as much press as other industry organizations, but that doesn’t mean the work that it does is any less important. SDSA is comprised of regional chains, not just in the South but across the country, and each
NEW YORK — The presidential election has changed who will be the leader of the free world, but it hasn’t changed the fact that the COVID-19 pandemic isn’t going away and will be waiting for President-elect Joe Biden when he takes office on January 20. As it was during the election, COVID is certain to
