WEWS: J.B. Silvers, the Albert J. Weatherhead III Professor of Management at Weatherhead School of Management, noted that the recent closing of area pharmacies may be part of a larger trend. “The margins are pretty small. The average retail margin [for pharmacies] is like 2 percent,” he said, adding that financial struggles within the pharmacy industry have been years in the making as some companies expanded too quickly and faced competition from big box stores.
Weatherhead's J.B. Silvers notes that the recent closing of area pharmacies may be part of a larger trend
MEDIA |
July 25, 2024
STORY BY: EDITORIAL STAFF
STORY BY: EDITORIAL STAFF