Despite the new Walgreens-Rite Aid agreement removing the possibility for Fred’s to acquire nearly 900 Rite Aid Stores, the Memphis retailer remains unfazed and committed to its focus on healthcare efforts and front-end improvements to get profitable by year’s end.
Fred’s CEO Mike Bloom said that while the comps decrease was disappointing, there are bright spots in the company’s revenue streams, particularly with regard to its transformation into a healthcare company.
The pharmacy chain highlighted the collaborative practice agreement as a way for physicians to take part in new Centers for Medicare and Medicaid Services alternative payment models that allow physicians to be reimbursed for services that pharmacies can help them provide.
Unintentional cuts and piercings account for 6.3% of all non-fatal injuries, according to the latest data from the National Center for Injury Prevention and Control. Overall, that contributes almost $910.6 million to the sales of first aid bandages.
A trend toward “premiumization” and building momentum for more naturally positioned offerings, as well as growing awareness of dental hygiene and the rising prevalence of cavities, drove the $27 billion global oral care market in 2016.
Consumers are starting to see the light after years of ignoring warnings that sun exposure poses a health risk and hastens aging, with overall category sales rising 6.7% for the 52-week period ended May 14 across multi-outlets, according to IRI.
The predominant factor impacting sales of the $158.1 million parasite treatment category is super lice. But how do you treat cases of head lice that can’t be eradicated with traditional pediculicides? For parents, it’s how do you eliminate that “super lice” infestation without injuring the host, which just happens to be their children?