What’s the deal Rite-Aid?
Tom Dougherty, CEO – Stealing Share
2 April 2009
Who are you, really?
“Drugstore operator Rite Aid Corp. said Thursday its losses more than doubled in the fiscal fourth quarter and said it plans to close as many as 117 stores over the next year.”
Funny how much we all let our own “model” get in the way of our success. Here’s an example: Rite Aid believes it’s a drugstore but, in reality, it’s a convenience store that sells prescriptions too. Rite Aid needs to rethink the whole category because we don’t need it as it stands now. It’s time for them to think in terms of something else.
Years ago we took them a few ideas on how to become more relevant. It was in the days of the old regime. We suggested that they try to mean more than drug store and we suggested, based upon market research, that they stopped selling cigarettes and reposition themselves with meaning. Research indicated that even smokers would admire the move. But, we were told it was a profit center and with the loss of film developing, they could not lose such an important product line. I wonder how they feel not that CVS has stolen the thunder?
I swear as they pulled away from our offices and got into their limo like cars, that it looked like a 1930’s gangster movie. What a crew. Glad the old guard is gone and fresh leadership is in place. Is it too late? Who knows. But they have never contacted us again.
Dunkin drive-thru Tom Dougherty, CEO - Stealing Share 14 August 2019 The Dunkin drive-thru is a testament to brand ignorance Dunkin Donuts, or Dunkin, or whatever the hell you are supposed to call it, just doesn’t understand how customers interpret its...
Apparel industry, Millennials Tom Dougherty, CEO - Stealing Share 13 August 2019 Millennials changing the apparel industry in fascinating ways Wanna find how much the world has changed by looking into an unlikely place? How about the changing attitudes...
Walgreens closing stores Tom Dougherty, CEO - Stealing Share 7 August 2019 Walgreens closing 200 stores comes as no surprise Walgreens closing 200 store means now I can drive a whole block and not see a pharmacy. Everyone knows there’s a pharmacy on...