Immunizations start in 1 month. Should be at least double the volume of last year. $30 per shot, 25-30 shots daily per store (my estimation only), 7500 stores ... do the math. Sep, Oct, Nov, Dec should be big SSS months. This year it's no longer just 10am to 4pm, which was already more convenient than any other competitor. This years it's all open hours ... wow! Competitors are STILL only offering limited clinic days at only select locations and during limited hours. Seniors and the busy public just love standing in line for hours to save a couple bucks. Maybe next year they'll get it right by, again, following Walgreen's example. I wonder how drugstore.com will serve the public during this flu season ... oh I forgot, drugstore.com got out of the Rx business. Their new PR slogan: "drugstore.com, but NO DRUGS!" LOL!
Remember, each flu shot adds to revenue, earnings (very profitable service), Rx count, front end sales, and public good will and loyalty. Time to back up the truck?
I guess your store? has not been HIT with employee's hours cut - as I said a great money maker the Flu Shots - but who is going to be up front on the registers ???? 1 person = good luck if you have more help
also - who is going to UNLOAD the TRUCK??? -
GUESS - you have many employees in your Pharmacy to run such a program? maybe you might need EAR MUFFS - by the time the customers are yelling at their WAIT TIME for FLU SHOTS?
Don't get me wrong - I want this company to SURVIVE? - but can't see it happening with employee levels - just my thoughts.- like a CAR can't run on no GAS!!!
1 month away - I hope Walgreens are going to employ STAFF to help with this program - yes great money maker - but remember the CUSTOMER DOESN'T like to WAIT...(and the customer is #1???) I will wait and see as can't see this working with present levels of staff in Pharmacy?
The consumer has options -
The government distributed the last batch for free, wags charged to cover the "administration" costs. This time a similar deal is said to have been made the vaccine is thought to be on guaranteed sale if this is true then all is great. They just pay for what they use.
I agree, This leads to my next question about inventory.
I would think that the gift was sold from of existing inventory, Vaccines expire..
A drug was sold but not "picked up"
revenue was booked and inventory was not decreased,
The value of the on hand inventory would appear to be larger on the balance sheet.
And trying to find the adjusted value of inventor would be difficult in looking at the earnings report.
Would this lead to carrying expired inventor as a asset?