External Environmental Scan of Walgreens Drugstores

1116 Words Jan 29th, 2018 4 Pages
As of the 31st of January 2012, the company had more than 8,300 stores across all 50 states of the US. The company provides access to consumer goods and services as well as pharmaceutical, health and wellness products and services.
Current economic trends There are many challenges that face Walgreens in the industry it operates. One is because of the hard financial status that many people are facing thus they are faced with the tough decision on whether to put food on their table or buy medication. This can be seen in the decline in pharmacy sales over the years ADDIN EN.CITE 19991499("Drug Watch," 1999)1499149917Drug WatchThe American Journal of NursingThe American Journal of Nursing1899101999Lippincott Williams & Wilkins0002936Xhttp://www.jstor.org/stable/3521900( HYPERLINK l "_ENREF_1" o ", 1999 #1499" "Drug Watch," 1999). Walgreens has, however, managed to keep their growth at double digits while facing the slump in growth numbers. The company has managed to do this by striving to offer their drug products at the best price possible as a result of its economies of scale and pricing policy.
Strengths
The biggest strength of Walgreens is that the company has in-depth knowledge of their customers. This enables the company to prioritize their conveniences and therefore to implement a style of…

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