Drug Store Market Share Standings Tight In Some Markets New 2007 High-Volume Retaile
Released, Contains Market Share for both Drug Stores and Mass Merchandisers
Released on = November 3, 2006, 7:40 am
Press Release Author = Thomas Donato
Industry = Retail
Press Release Summary = The new 2007 High-Volume Retailers includes detailed profiles for over 640 chains. It includes powerful searching capabilities, information on 55 merchandise lines, as well as market share information for drug stores and mass merchandisers. Also includes over 5,500 executives and buyers and are fully exportable.
Press Release Body = Five U.S. markets highlight just how contested drug store market share can be in today's retail environment. The leading players in each of the five markets are separated by three percentage points or less, according to ACNielsen Trade Dimensions. The information comes from the company's new release, 2007 High-Volume Retailers® - The Alternate Channel Resource.
The new edition, available exclusively in CD-ROM and Internet formats, includes detailed profiles for over 640 chains in the following trade classes: dollar stores, drug stores, discount stores, department stores, category killers/specialty retailers, supercenters, wholesale clubs and military buying centers. Exclusive market share information for drug stores and mass merchandisers is also available in two formats, each covering a different geography. Users can examine market share by Trade Dimensions market, or by state.
The drug store market share reports reveal some surprises. Two chains - CVS and Walgreens - emerge victorious in 41 of the 47 mainland Trade Dimensions markets. CVS places first in 16 markets, with sizable leads in markets like Boston, Hartford and Baltimore-Washington, while Walgreens leads 25 markets, including Memphis, Chicago and Phoenix. The remaining six markets are led by other, smaller chains.
Five markets stand out, however, as especially contested: Kansas City, Cleveland, Jacksonville, Cincinnati and Atlanta. In each of these markets, the distance between the retailers ranked number one and number two is barely negligible.
Kansas City is home to the tightest race, with less than one percentage point separating number one (Walgreens) from number two (CVS). Cleveland also plays host to a similar contest, but with more surprising results. Though Marc's (operated by Marc Glassman, Inc.) leads the pack, the margin which separates it from both CVS and Walgreens is just two percentage points. The Cleveland market, which has over 540 drug stores, is one of just six markets not ruled by CVS or Walgreens. Marc's, which makes its home in the Cleveland market, is noteworthy as the smallest chain to lay claim to a number one position, according to the 2007 High-Volume Retailers. Users can learn more about Marc's, as well as CVS, Walgreens, Rite Aid and over 640 other chains, by purchasing the CD-ROM or becoming an online subscriber.
Market share for both drug stores and mass merchandisers is based on dollar volume, and extrapolated from Trade Dimensions own Retail Site Database, which currently comprises nearly 400,000 retail location records.
In addition to all the latest market share information, the 2007 edition of High-Volume Retailers incorporates new features that translate into more opportunities for consumer packaged goods manufacturers and service providers. More powerful searching capabilities, including the ability to target specific retailers by the types of merchandise lines offered in their stores, make this edition of High-Volume Retailers our most useful and effective ever. Information on 55 merchandise lines is here, including: apparel, automotive items, pet foods, household goods, OTC drugs and more.
Over 5,500 executives and buyers working for these key retailers are included, and are all fully exportable. Users can even search the CD-ROM for executives and buyers by their specific title, category or area of expertise.
We also continue to offer - free of charge, with the purchase of High-Volume Retailers - Monthly Email Updates. Each month, our staff compiles news briefs detailing the latest industry happenings: executive changes, mergers, acquisitions, new store openings, bankruptcy filings, and other noteworthy information to keep users up-to-date on a monthly basis through October 2007.
"With the industry in a constant state of motion, and the expected completion of a huge merger between Rite Aid and Brooks - Eckerd just months away, there has never been a better time to purchase and utilize the High-Volume Retailers," said Thomas Donato, research operations director. "These market share figures will change dramatically once the merger is complete, but those industry insiders looking to see current market leaders, or get a preview of which markets will emerge from the transaction even more competitive than they are now, can certainly take advantage of the information in this resource."
All information in the 2007 High-Volume Retailers is completely updated, revised and 100% verified by Trade Dimensions' research staff. Our primary source for all data is direct company contact, through phone interviews, emails and surveys. Our database is updated year-round by an editorial and research staff that consistently presents the most accurate industry snapshot available.
About ACNielsen Trade Dimensions Trade Dimensions is owned by ACNielsen Homescan & Spectra and is a VNU business. VNU is the world's leading marketing information provider. Trade Dimensions has over 35 years of experience and innovation in developing some of the most sophisticated, reliable and widely-used retailer information products available. To learn more, visit www.tradedimensions.com.
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