Do Turf Protection Strategies Really Work?

Do Turf Protection Strategies Really Work?

Do Turf Protection Strategies Really Work?

It is interesting to see the response of any industry to a threat, and particularly how some individuals respond. With every industry there are always threats, and if you are heading into business ownership, this is a reality you must face. In pharmacy land particularly in WA with the growing presence of Chemist Warehouse (CW), the overwhelming response has been fear and defensiveness.

What Community Pharmacies can do that Big Box Discounters won't

What Community Pharmacies can do that Big Box Discounters won't

In recent weeks I have noticed that my inbox is being filled with headlines that include the words CHEMIST WAREHOUSE and AMAZON. I can (once again) sense discomfort within the pharmacy industry. There are always conversations both negative and positive about the future of community pharmacy. At Peak Strategies we argue the later, the positive. Of course, we know there are some major hurdles to overcome, however we understand the need for community pharmacy.

How to learn with Chemist Warehouse being in your local area

How to learn with Chemist Warehouse being in your local area

A couple of weeks ago there was commentary about Chemist Warehouse (CWH) on the popular marketing TV show Gruen. After reading about it on AJP and Pharmacy News I felt it was necessary to watch the segment.

The host Wil Anderson and other guest speakers discuss in detail about CWH’s strategic marketing. The chemist chain spends $100 million a year to look cheap and cleverly gives the impression that all their merchandise is a bargain. They describe CWH as a marketing machine and that it’s more a media empire than chemist.

A common trend we see from top level pharmacies

A common trend we see from top level pharmacies

As pharmacy accountants and bank panel valuers we see a variety of businesses, all with different systems that make up their finance function. Furthermore, each finance function has varying degrees of complexity and competency. As we do a lot of valuations over the course of a year we see financial reports in a whole variety of states.