85% — that’s more or less the combined market share for the companies that make up the 2011 DSN PoweRx50, approximately $185 billion of the total $218 billion retail pharmacy industry. Numbering almost 50,000 stores among them, or more than 8-of-10 of all the pharmacies in the United States — BAM! — the DSN PoweRx50 indisputably reflects the true titans of the retail pharmacy industry.
What makes the DSN PoweRx50 different? The DSN PoweRx50 is the ONLY truly CHANNEL-AGNOSTIC ranking of the retail pharmacy industry that truly measures all of retail pharmacy, including traditional drug chains, independents, supermarkets, mass and club stores — ALL of it. BA-BOOM!
Why do we do it that way? Because everybody sells everything everybody else sells, and everyone shops everywhere for everything. Traditional drug stores fighting for a share of that business no longer can afford to worry ONLY about competing with other drug stores. Vendors looking to maximize distribution for their products no longer can afford a myopic, single-channel view of the business. The lines that once defined the different classes of trade haven’t just blurred — they’re GONE.
The DSN PoweRx50 measures all of these very different companies by the one metric that matters — pharmacy sales — and the relative commitment of senior management to growing share of pharmacy, health and wellness. KA-POW!
For the full DSN PoweRx50 Annual Report 2011, click here.
Logos are in the eye of the beholder
WHAT IT MEANS AND WHY IT’S IMPORTANT — Another story this week is a reminder of how important even the most subtle finesses of a corporate logo can be in the minds of the consumer.
(THE NEWS: Wegmans leaves ‘circle W’ to Walgreens. For the full story, click here)
The creator of the CVS/pharmacy logo died earlier this week. The story was a reminder of how powerful three letters and a ‘forward-slash’ can be. The now iconic logo was instrumental in the rebranding of the original Consumer Value Store as CVS, and what that meant in terms of the shift from a value-driven health and beauty aids/general merchandise store to a pharmacy. Today those three letters have become somewhat synonymous with the word "pharmacy" in the minds of consumers.
It also reminds DSN of another entertaining story about how the former super-regional chain known as Longs (now part of CVS) came to drop the apostrophe in its name: the signs were $50 cheaper without the punctuation mark, a savings founders Thomas and Joseph Long couldn’t pass up.
Report: Many Type 1 diabetics have other immune diseases
NEW YORK — Many children with Type 1 diabetes have other autoimmune disorders as well, according to published reports.
Citing findings in a recent study of nearly 500 children published in the journal Diabetes Care, Reuters reported that one-third of children with the disease — an autoimmune disorder in which the immune system attacks the cells of the pancreas — also have such disorders as celiac disease, autoimmune thyroid disease and a disorder of the adrenal glands called Addison’s disease.
For example, one-quarter of the children had antibodies related to thyroid disease, while one-eighth of those children had the disease; one-eighth of the children had the antibodies for celiac disease, while one-quarter of those children had the disease.
About 25.8 million Americans have diabetes, and Type 1 diabetes accounts for about 5% of all diagnosed cases in adults, according to the National Diabetes Information Clearinghouse, part of the National Institutes of Health.