Boston, MA -- (SBWIRE) -- 06/18/2014 -- In 2013, growth for health and beauty specialist retailers reached 4% in current value terms, a one percentage point increase over the review period average. The 4% growth represented the strongest single year growth since 2008. It experienced very steady growth over the review period, never falling below 2%, due to the strong performance by all channels. Optical goods stores recorded the lowest current value growth of 2%.
Walgreens was the largest health and beauty specialist retailer over the whole of the review period and in 2013 held 24% value share or US$69 billion in sales. Walgreens' sales grew by 3% after experiencing a 4% decline in 2012. This decline was tied to the retailer's disagreement with pharmacy benefits manager, Express Scripts. The latter accounted for 10% of the store's pharmacy sales and the loss was even greater because of the decrease in store traffic. The two companies agreed to a new deal instituted in September 2012. Walgreens managed to recoup some of its loss but sales remained lower than its 2011 levels as many customers established relationships with competitors CVS and Rite Aid. In august 2013, Walgreens and Express Scripts offered a new plan called Smart90 that will allow certain members the choice of receiving 90-day supplies of maintenance medications through either home delivery or at Walgreens pharmacies for the same price. Walgreens hopes that this new partnership will encourage customers to return who departed the pharmacy in 2012.
View Full Report Details and Table of Contents
Health and beauty specialist retailers is expected to grow by a value CAGR of 3% in constant 2013 prices over the forecast period, considerably higher than store-based retailing's 1% CAGR. Growth in the channel will be led by drugstores/parapharmacies with a predicted 4% value CAGR and beauty specialist retailers with 3% in constant 2013 prices. While these two channels are expected to lead growth, all outlet types will contribute and no channel is expected to experience a decline.
Discover the latest market trends and uncover sources of future market growth for the Health and Beauty Specialist Retailers industry in USA with research from Euromonitor's team of in-country analysts.
Find hidden opportunities in the most current research data available, understand competitive threats with our detailed market analysis, and plan your corporate strategy with our expert qualitative analysis and growth projections.
If you're in the Health and Beauty Specialist Retailers industry in USA, our research will save you time and money while empowering you to make informed, profitable decisions.
The Health and Beauty Specialist Retailers in USA market research report includes:
- Analysis of key supply-side and demand trends
About Fast Market Research
Fast Market Research is a leading distributor of market research and business information. Representing the world's top research publishers and analysts, we provide quick and easy access to the best competitive intelligence available. Our unbiased, expert staff is always available to help you find the right research to fit your requirements and your budget. For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156.
Browse all Consumer Goods research reports at Fast Market Research
You may also be interested in these related reports:
- Health and Wellness Tourism in the Czech Republic
- Health and Wellness Tourism in China
- Health and Wellness Tourism in the Philippines
- Health and Wellness Tourism in Portugal
- Health and Wellness Tourism in France
- Health and Wellness Tourism in Turkey
- Health and Wellness Tourism in Ecuador
- Health and Wellness Tourism in Greece
- Health and Wellness Tourism in Poland
- Health and Wellness Tourism in Hong Kong, China