Discuss Detroit » Archives - July 2007 » Drug Stores- Detroit Metro is Number 5 « Previous Next »
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Rooms222
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Username: Rooms222

Post Number: 60
Registered: 04-2005
Posted on Thursday, October 25, 2007 - 11:21 am:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

Got the new issue of Chain Drug Review. It lists total drug store sales by metro. Philadelphia is number 4 and Detroit is number 5, and Cleveland is number 10. These are all much higher than the current populations for these metros. In fact, for each of them, their position is similar to their size in the 1940's-1960's.

Some of the possible reasons for Detroit:

More people with good insurance leads to more prescriptions and more expensive prescriptions

Older, Sicker Population

Lack of other retail in city leads to more non-drug sales at drug stores

Arbor and Perry were ahead of their time in really penetrating the market

Lack of transit and driving lifestyle leads to people stopping at specialty stores, but just going to the local drug store for "everything"
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Spiritofdetroit
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Username: Spiritofdetroit

Post Number: 671
Registered: 11-2006
Posted on Thursday, October 25, 2007 - 11:30 am:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

interesting, and your argument makes perfect sense.
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Iheartthed
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Username: Iheartthed

Post Number: 1982
Registered: 04-2006
Posted on Thursday, October 25, 2007 - 11:31 am:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

What is your source?
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Spiritofdetroit
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Username: Spiritofdetroit

Post Number: 672
Registered: 11-2006
Posted on Thursday, October 25, 2007 - 11:35 am:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

Chain Drug Review
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Iheartthed
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Username: Iheartthed

Post Number: 1983
Registered: 04-2006
Posted on Thursday, October 25, 2007 - 11:36 am:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

^Ahh okay. I missed that the first time.
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Rooms222
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Username: Rooms222

Post Number: 61
Registered: 04-2005
Posted on Thursday, October 25, 2007 - 11:40 am:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

Sales data and ranking are from the October 22 issue of Chain Drug Review. It is not yet online (they are on October 1 on the website today). The reasons are mine.

The accompanying article says "All of these (top 10) areas are helped by large populations and a lot of senior citizens...the fastest growth continues to take place in smaller areas as Americans- and especially older people- continue to flock to Sun Belt states and push the suburbs in that region farther and farther away from the area's largest cities."

(Article then gives examples in CA, TX, NV and FL of how growth is happening in exurbs and smaller areas----

Hey, lheartthed, thanks for asking, went back to the accompanying article and found some new facts-

I guess this shows people are moving into less dense areas down South, lol!
Also article says, "the impact of older Americans on the growth of drug stores sales cannot be overstated."
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Mike
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Username: Mike

Post Number: 1035
Registered: 11-2003
Posted on Friday, October 26, 2007 - 3:28 am:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

rooms222, u a rph?
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Rooms222
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Username: Rooms222

Post Number: 63
Registered: 04-2005
Posted on Friday, October 26, 2007 - 6:39 am:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

I'm not....

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