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Pharmacy Profitability
drivingpharmacysalesthroughunconventionalmeans
Drive thru and curbside have become bread and butter for pharmacies. As well as for all kinds of retail businesses. Even as stores begin to reopen, the demand for limited contact retail interactions remains high. While drive thru and curbside keep your customers up to date on prescriptions, and likely keep you very busy, they...
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Millions of people will tune in to watch Super Bowl 54 on Sunday. This year, it’s thought that 194 million people will watch the game, spending an average $88.65 each, according to the National Retail Federation. That number accounts for food, drinks, party supplies, new TV’s, team gear and even new furniture purchases spurred by...
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Every week when I make the grocery list, I ask my kids if there’s anything they’d like to have around the house. There’s the inevitable list of snack foods, and the 20 questions designed to make sure that their favorite meals are on the list. But without fail, my anti-vegetable, doesn’t like fruit unless it’s...
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It’s that time of year again where we’re all setting goals and thinking about what we could do better in the new year. In business, I wouldn’t exactly call them New Years Resolutions, but that new year in front of us can’t help but bring with it some expectations for change. As you gear up...
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  The world of pharmacy point-of-sale is definitely unique. Working in this sector is the quintessential definition of a niche market. I’m often met by blank stares or questioning looks when I answer the question of “what do you do for work?” Even as I close 11 years with RMS, I still have not perfected...
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I Give up. Summer is definitely over. If the overnight low temperatures and early snow in the mountains of Washington State weren’t enough to convince me, the arrival of October with it’s pumpkin patches, and impending sense of not having enough time to get everything done, have certainly changed my mind.  Which means for retailers,...
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    In 2018, more than 14% of retail sales in the United States were completed via Ecommerce. With 15% growth from the previous year and more growth expected, Ecommerce has become the big bad wolf of retail competition. The bottom line, if you’re a retail pharmacy with a large and diverse front end, online...
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  When you think of holiday spending, Independence Day may not be number one on your list. It’s not a time when we exchange gifts or plan elaborate meals. But as it turns out, the 4th of July weekend posts some pretty big retail sales every year. Maybe it’s the summer season. The call of...
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  Have you ever played a game without fully understanding the rules? Frustrating right? You get the concept and the end goal but the first time or two you play there’s confusion, arguing with team mates and opponents alike, and just a general feeling of exasperation. Whether we’re playing a board game or trying to...
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  Slow and steady wins the race, or so the saying goes. It’s applicable in so many different ways. Most of them speaking to the power of perseverance. But what about the other side of the coin? Baby steps can certainly get you to a larger goal, but what if you’re taking those same tiny...
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