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Major pharmacy chains are making major moves as the economy shifts.

Walgreen is undergoing a substantial restructuring in order to trim costs. The Wall Street Journal reported last week plans for the chain to overhaul much of its business--suppliers, jobs, stores and pharmacies--to improve performance. Among other initiatives, it hopes to centralize prescription processing to aid its pharmacists and reduce expenses.

Meanwhile, CVS is launching its upscale beauty store concept, called Beauty 360, in Washington DC this week. The store-within-a-store includes premium and niche beauty brands and personal services like manicures and facials. Beauty 360, which was announced in August, probably began its planning in 2007 or 2006, long before the credit crisis. The retailer is committed to the concept and is looking to open as many as 50 pilot stores with the upscale merchandise.

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Timely Demise tracks the retail industry as it changes with our unprecedented economic environment. Published by David Wertheimer. Did I miss something? Drop me a line.

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This page contains a single entry by David Wertheimer published on November 4, 2008 5:38 PM.

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