Well, not really.... I suspect the increase in market share was due to the DR buy.
As for mandatory mail in etc. etc.....is WMT or CVS or DCSM the only organizations with outgoing mailboxes? I think WAG has a mail order component. Check it for yourself....
The point is, prior to the mandated mail ins, you took each and every prescription to your nearest pharmacy and filled it. Today you can go to your nearest supermarket with a pharmacy inside and get it filled. Or you mail it in to numerous places that will fill it. Or go to a traditional pharmacy. My point is that WAG is the biggest pharmacy there is, has more stores than anyone else, but due to increased competion from mail order and grocery stores, is facing competition it has never faced before.
Bottom line is: Walgreens' market share keeps growing. No matter how distressed this makes the bashers, there's no getting around it.
Walgreens' market share keeps growing. That's kind of got a nice ring to it.
Walgreens' market share keeps growing.
Not too difficult to grow market share when you open ridiculous numbers of new, small box retail pharmacies and pay exhorbitant prices for chains like Duane Reade.
Walgreens simply joins the ranks of other marketplace "leaders" that employed the same strategy. Companies like A&P, Blockbuster and 7/11. The proof is in the income statement. Revenues grow. Profits... not so much. In fact, NO real growth for the last two years despite those big market share gains.
This failed strategy of "willy nilly" store growth can only lose out as mailorder eats up the Rx market of the future.
But, hey, the Blockbuster message board was dominated for years by similar glory-hole pumpers that ridiculed the impact of Netflix and Red Box. The smart one was Wayne Huizenga who simply took the money and ran. The pumpers are all broke!
Since the bashers are having anxiety attacks about Walgreens continuous increase in market share, I don't want to get it out of their minds.
Walgreens is "America's First Choice".
CVS is buried in debt and is in the midst of destroying the Caremark business they were gouged on by losing Billions in contracts.
RAD is on morphine drip.
Walmart cannot for the life of them figure out how to turn things around.
Yet Walgreens continues to gain market share, day in, day out. Not to mention turning in record profits!
Investment grade: WAG is best in class. But to go from 27 to 35 in a couple of months and expecting more of the same is as risky as it can be. I hate filling up my cars gastank when the price has just jumped from 2.50 to 2.90. Same with stock buying.
Correct WAG is best in class. I don't like them but I wont argue the truth.
WAG gaining market share is a bit misleading. The previous number referenced was from 2008 (pre DR acquisition and other acquisitions) vs. 2010 number.
For marketshare info check Chain Drug Review. In top 2 markets, CVS holds number 1 spot. In the top 10, WAG has more number 1's. Overall CVS fills more scripts keep in mind the merger of 07.
I wonder who has the top spot in retail scripts (exclude mail order).
<<. In top 2 markets, CVS holds number 1 spot>>
Not sure which markets you're referencing, but I would assume the number one retail market in the USA is New York City, of which, I assume WAG holds a commanding grip on number one.
Walgreens in number one in 49 out of the top 100 markets. CVS is number one in 40.
"Perhaps more meaningful, however, is the fact that Walgreens continues to lead in one very critical barometer of market strength: Its sales per store significantly outpace those of every drug store competitor."
Is that anything like the "fill in the gaps" that the bashers were blindly ranting and raving about a few months ago?
I believe there's a gap between 26.50 and 26.75 that's never been filled in.
What about that?