Could beauty be the prescription to spice up drugstore foot traffic?
That’s one topic on the agenda as brand and retail executives meet on the National Association of Chain Drug Stores Annual Meeting kicking off on April 27 at The Breakers Hotel in Palm Beach, Fla.
Greater than 50 retailers — including Walgreens, Goal and Amazon — are registered together with beauty leaders from Coty, L’Oréal, Procter & Gamble and Unilever. Smaller firms like Raw Sugar and first-timer Onyx Brands are scheduled to satisfy with retailers in hopes of staking out an even bigger slice of the $93 billion total beauty category, as tracked by Circana.
While pharmacy, which accounts for as much as 70 percent of sales in some drugstores, traditionally dominates...
Continue reading