Walgreens is a substantial affluence in the United States, as it is one of the leading drugstore chains in the market. Recently, we have looked into bringing the company to Canada in hopes of attaining the same or greater level of success. Walgreens in Canada could be the perfect fit, as the 24 hour availability along with the “one stop shop” experience and convenient prices would be beneficial to the many people living there. The drugstore and pharmaceutical market, location, and culture are all taken into consideration in order to establish if the company would be successful in Canada. The pharmaceutical market size in Canada is $33 billion, with a growth rate of 0.4%. The GDP growth rate of Canada as a whole is 1.45% and the GDP per capita is $44,094.85. Gross domestic product at market prices is $1.785 trillion as of 2014. The current sales of drugs is $22 billion, and the rate of inflation is 1.9%.The average …show more content…
There are 940 stores just in British Columbia or 10.6% of the Canadian market. The most competitive are Shoppers Drug Market and London Drugs. Shoppers Drug Market makes up 31.8% of the whole Canadian market, so we figured we should look into a smaller city in order to eliminate a high number of competition. We selected Fort St. John, BC because according to the city website, it is the biggest and secondest fastest growing city in the province. It does have drugstore pharmacies in the area, but we could not find any that offer 24 hour service, which would make us stand out. As of now, it has over 21,000 people that make an average annual income of $69,001.10. Young couples with children make up most of the population. In comparison, the target market for Walgreens in the US is women 25 to 54 years old with two children and an average annual income of $48,000. We believe Walgreens has potential in Fort St. John because this “energetic city” is flourishing at such a high
Wawa has a number of strengths that will allow them to be a successful part of the economy in Canada. Unlike competitors in the United States and around the world, Wawa has a wide range of products and services that go beyond the average convenient store. An average convenient store can be defined as “a store with extended opening hours and in a convenient location, stocking a limited range of household goods and groceries”. Not only does Wawa have extended opening hours (some being 24 hour) and convenient locations but their stock is not limited to household goods and groceries. Wawa has touch screen computers that allow the customer to choose from a large variety of fresh food including breakfast, hoagies and sandw...
A positive to expanding to Canada is that Canadian shoppers are similar to American shoppers, ideally making this a good target market for growth (Fiorletta, 2015). In an interview regarding expansion in Canada, CO-CEO Walter Rob said, “Our efforts in Canada are part of the effort to grow.” “We think the opportunity for fresh, healthy foods is larger now that it’s ever been”. “And we intend to grow as fast as we have ever grown — 40 new stores next year, 42-44 for the following year.” “That’s 10% square footage growth on top of 15 million square feet of retail we already have.” “People have said maybe we should stop our growth.” “I said, no, we are not going to do that because our strategy is working.” “There’s no reason to stop.” “There’s every reason to keep going.” (Vieira,
Walgreens states that they will treat each other with respect and dignity and do the same to all served. They will offer employees of all backgrounds a place t...
Since 1901, Walgreens has had a strong passion for customer service. The founder, Charles Walgreens, goal was to create a drugstore that was like no other. He said that for as many drugstores as he had worked at, he had never worked for one that had a focus for good customer service and low prices. Walgreens has grown by leaps and bounds since 1901 and is now recognized as the leader in the market with over 7000 stores. Charles Walgreen had an eye for good managers. He said he was able to pick people that he knew were smarter than him so to promote them and make them the heads of his drugstores. As a store manager, not only is it your job to run a store which includes ordering, customer care, and inventory control, but also it is your job to manage the staff. As a part of managing staff, it is their responsibility to hire, train and develop, and terminate if need be. While there are many jobs to choose from when it comes to HR and employee staffing, I choose this one because it is by far to me the most intense.
The Saskatchewan heath care system is made up of several provincial, regional and local organizations, which provide the people their basic right to reasonable health care (“Health Systems,” 2014). Not having enough health care providers seem to be a problem, which Canada as a whole has struggled with (“College of Family,” 2014). The shortages of medical providers have lead to major discrepancies in the level of patient care between major urban centers and rural areas (Howlett, 2013). In the case of Saskatchewan many communities are facing this challenge, not only rural areas but also the capital city of the province (“Saskatchewan ER,” 2013). Stats Canada has showed that the number of physicians is at a historic high, yet Saskatchewan still face shortages (Howlett, 2013).
Target, a high-end discount department store, hoped to continue expanding and adding to the company’s 1,752 stores, by purchasing 200 Zellers stores, located in Canada. One of Target’s, longtime goals was to expand into Canada , and after a decade, the company took a jump across the border (Shaw, 2011). Because many thousand Canadians hold a Red Card, Target’s reward card, Target assumed this would be a successful expansion, increasing the amount of US brands that encompass Canada’s market. Target spent a year converting the Zeller stores, altering and renovating them to transform them into Target Canada, a subsidiary of Target (Shaw, 2011). They opened 124 stores in locations all over Canada, hiring back only one percent of the former Zellers employees, desiring to make a fresh start for the department store chain (Target Refused Zellers Workers).
Fortunate for Walmart, the competition of another retailer was nothing for Walmart which had a Canadian presence for over twenty years prior to Target’s abrupt entry. Walmart continues to maintain a steady and moderate sales growth in
Such level of importance creates a highly competitive environment, and currently 71.5% market share is dominated by the top three major players: Loblaw Canada Ltd., Sobeys and Metro, all canadian companies. The attractiveness of the retail segment brought international competition, and in 2005 the giant Wal-Mart entered the market, being then the second big american company in the Canadian reatil industry,
Retail Pharmacy Growth Strategy: CVS has managed to grow considerably in the past few years with the help of acquisition of beneficial companies and integrated the operations of these companies by creating synergy to drive higher margin and greater economies of scope. CVS is building more and more pharmacy stores in convenient locations. Another strategy that CVS has adopted during 2008-2010 is to move freestanding locations for all their pharmacy stores. This helps the company to provide more convenience to customers and have more square-footage per store in order to add new services such as Minute-Clinic and drive-thru services.
When people happy sales are up, if people are unhappy sales are down. Founder and CEO of Dotcom Distributions, Maria Hargety agrees, “No matter how big your brand becomes, your company is nothing without the people who make it run,” (Haggerty, 2015). Walgreens is one of the top drug stores in the company and yet this store is barely making an enough to stay open. Hargety is expressing that brand does not matter, what matters are the people behind the brand. As long as, employees stay unhappy, productivity will remain low. Another reason, behind low morale, is team members are opposed to change. For the most part, all the employees have been at Walgreens more than eight years. The employees still have the mind set of Walgreens eight years ago. Walgreens has evolved and employees have not. When change is announced it is instantly shot down by employees, they rather have it the old way. In many cases, the old way is easier but not the most efficient. There are many other benefiting factors to low morale in the work place but leadership is a root cause of unhappiness. Employees feel left out of the loop most of the time. Leadership fail to understand their employees as equals. Everyone should be treated the same from district manager to sales associate nonetheless, in many cases that is not way. The store manager controls the work load and the scheduling. When the store manager makes the schedule it
The micro and macro factors mentioned previously have a direct impact on the operations of Loblaws and Shoppers at that time. In a growing competitive environment and a changing retailing landscape, the two companies need to accommodate itselves against new economic, social, technological and political trends. There are many reasons and potential benefits behind the merger of Loblaw Companies and Shoppers Drug Mart, which are mostly long-term strategic business oriented goals.
This paper draws on primary source information provided by 2014 Walgreens Annual Report, 2013-2014 Alliance Boots Annual Report, 2014 CVS Annual Report, and published prescription reimbursement rates of England, France, and Germany. Additionally there is secondary source material. As the first firm to ever state that their firm’s definition is that they are the first global pharmacy-led, health, and wellbeing Corporation, the literature review on the subject is not even present. Thus this literature review is of the inputs that comprise how can Walgreens Boots Alliance make the global healthcare delivery model profitable?
Remain strong physical presence: Walgreens tries to increase the number of their stores in the industry. Company will now buy 2,186 stores from small competitors.This deal has been valued at $5.18 billion in cash. Management belivies that this deal will allow company to expand and optimize their retail pharmacy network in key markets in the U.S. and add to adjusted earnings per share in the first full year after its close and generate savings of more than $400 million.
With the Walgreen's proposed acquisition of Rite Aid, we posed 3 questions to our members. Here are the questions and the results:
According to Smithson, Walmart can expand its markets to new and emerging markets especially in the third world countries, which can significantly increase its revenues. Secondly, the company can reform is employment practices and improve the quality standard and in doing so, attract more customers and improve its brand image. On the other hand, the company faces threats such as the rising healthy lifestyle trend I that the company in most cases does not provide customers with healthy goods. At the same time, the company can capitalize on this aspect and increase its revenues. Aggressive competition from other discount retailers such as Target creates a great threat to the company (Smithson, 2015).