Magazine article Drug Topics

Are Supermarket Pharmacies Seeing a Reversal of Fortune?

Magazine article Drug Topics

Are Supermarket Pharmacies Seeing a Reversal of Fortune?

Article excerpt

Super-market pharmacies could be moderating their growth, if the latest results from the annual Food Marketing Institute (FMI) survey of the industry are any indication.

Last year, supermarkets actually made less in average weekly prescription sales per store than they did the year before. Expressed as a median, the figures came to $38,000 for 2000 versus $38,321 for 1999. This decline snaps a trend dating back to 1996. That's when average weekly Rx sales per store started going up, like clockwork, every year.

There are other findings pointing to a slowdown in supermarket pharmacy expansion. Supermarkets reported their expected growth in number of pharmacies in 2001 is only 7.8%. This is down from the 12% hike respondents projected last year. At the same time, the number of prescriptions filled daily at supermarket pharmacies dropped by approximately 16%. In 2000, the median number of Rxs filled per pharmacy per day was 125, down from 150 in 1999.

These are some top-line data FMI released at its annual supermarket pharmacy conference, held in Dallas last month. The full 2001 report will be issued this summer. Other survey highlights included the following:

* While supermarket pharmacies may be pulling back a little in sales, their prescription price is still on an upward trajectory. …

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