00 Verizon 9:32 PM 23% Healthcare Pharmacies-CAP F.. HealthCare Pharmacies Healt

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00 Verizon 9:32 PM 23% Healthcare Pharmacies-CAP F.. HealthCare Pharmacies HealthCare Pharmacies is a family-owned chain of pharmacies or drugstores consisting of 40 stores scattered across two southern states. It has been a reasonably successful operation for nearly 50 years, serving small to large cities (25,000 up in population) across the region. The company was founded by two brothers (William Smith, the Pharmacist, and James Smith, the retailer), one a pharmacist, the other a discount retail specialist. As a result, their focus was on providing not just pharmaceutical services (filling prescriptions, selling over-the- counter medical supplies), but also selling any and everything that could be sold. Some prices lower than competitors, some higher. This is reflective of their history as a small town drug store that also served as the "general" store in some small communities (in the early days even smaller than 25,000), while recognizing the increasing competitive impact of national chains such as K-Mart and Woolco (eventually it failed), regional discount chains (e.g., Miller's) and the emerging growth of Wal Mart. Similar to Wal-Mart's, the Smith brothers used an encirclement process, opening stores in smaller towns and dominating those markets, before expanding into larger cities. The size of the stores typically ranges from 10,000 square feet to 15,000 square feet, depending on the location. The stores looking much like the larger chain drug stores, with drugs being the primary but not only focus (stores carry limited foods such as dairy products, canned soups, microwavable food stuffs, etc., cosmetics, toys, household cleaning supplies, etc.) Additionally, they have traditionally had a lunch counter with 5- 6 booths, and 5-7 tables. The "lunch" counter in some locations also opens for breakfast. Here, sandwiches, salads, soups, shakes, malts, etc. are sold, much like "soda fountains" or lunch counters in the 1930s, 1940s and 1950s Although the company has been remarkable successful for most of its existence, recently same store sales have begun to decline, showing a 2-4% decrease each year for the past four years. Competition is increasing in intensity with Wal-Mart, CVS, Rite-Aid, the resurgence of Wal-Green's, and even with some grocery chains (e.g., Publix) including pharmacies in their stores. Even the internet is having an impact as some potenti customers will buy on-line from companies such as Amazon those items they used to buy in the stores. Additionally, while they have attempted to having a little bit of everything to offer emphasis has never been about store appearance (many stores Courses Calendar To Do Notifications Inbox

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