With reimbursement pressures reducing margins on prescriptions and increasing competition, independent pharmacies must increase their value in patient care and find ways to deliver products and solutions.
Amazon’s private-label strategy and the decision last year to launch an exclusive line of over-the-counter health products threaten to cannibalize sales from drug and pharmacy retailers both online and in store.
Drug Store News spoke with Thomas Kurnava, executive vice president of national accounts at Australian Gold, who is confident that the future will be very good for the company.
While overall beauty has been showing robust gains, the segment has been impacted by the growth of direct-to-consumer competitors and perceived notion that drug and discount stores are not keeping up with the fast changes consumers demand.
Overall greeting card performance in recent years has been relatively flat, with annual sales around $6 billion, various greeting card executives have estimated.
With the influx of companies in the CBD marketplace, Sentia Wellness looks to boost confidence in its Social CBD brand line and increase sales and profits.
