Walgreen Co. Message Board
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WMT express
Executives at Wal-Mart (NYSE:WMT) say that the company’s pilot program small-sized stores called Walmart Express is looking hopeful as results pile in that point to profits. In addition it’s now forecast that hundreds more Express stores could be launched near term, as the units are designed to hook in spur-of-the-moment shoppers and are small enough to fit into tight spaces. Similar stores by Walgreen (NYSE:WAG), CVS Caremark (NYSE:CVS), and Rite Aid (NYSE:RAD) could be threatened by Express in the future.
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Walmart tried this in the 90's. Called Neighborhood Stores. It was a dismal failure.
- 1 Reply to cc43578
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Hey CC
Perhaps maybe thats why they are moving cautiously this time and may have learned from the mistakes in the 90s.
I am somewhat far from Chicago this weekend, and the WAG is packed whereas WMT is not.
Convenience over price is winning out here.
No CVSs out here and most DOCs send RXs directly to WAG or WMT.
WMT express is still 5 years away from really being a force BUT it may force WAG/CVS to lower prices on front store items.
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Yes, what you say maybe true, but does Walmart have a Sushi Bar, Nail Salon or a shoe shiner.
Who needs mini Express marts, when you can explore the uplook of fine wines and generic medications.
With the after dinner dessert of a snickers bar.
Walgreens is stepping out of the traditional pharmacy mold and jettison into the luxury of owning well.
Esrx as you Know is still stuck in its course of lowering costs and outcome management. How boring!!!
The next 60 days will be interesting!!!
Good Luck;)- 1 Reply to robbsbeach
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Listen Robb, we both do not understand how valuable a commodity it is to purchase on demand Sushi. The next concept to come out will be to have convenient delivery of your medications and sushi.
ESRX and WMT do not understand that AMERICA is about excess and wealth. WAG demands the best and commands the best market prices in the country.
Seriously Robb, WAG is screwed over the next year. They have started the Rich vs. Poor, the have vs. the have nots, the 99% vs. 1% argument. Rumor out there is XEROX and several other fortune 500 companies will back ESRX in eliminating WAG from MHS' network. If this trend continues, WAG will be forced into the ESRX network or sell out to WMT.
Like ADAM mentions, preferred networks will shape the future of retail pharmacy. Generic plavix and viramune are down to pennies a pill!
I have a few strong years left in what I do before I need to get into organ transplant or compounding.
Enjoy MDW.
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