Wal-Mart Expands Pharamacy

If you haven't used the Pharamacy at Wal-Mart, you might in the near future. Much like it did with groceries about 20 years ago, Wal-Mart is now undergoing an aggressive campaign to expand its pharmacy operations. It has introduced $4 generic drugs, it has been slashing prices on other drugs, and it is now experimenting with low-cost in-store clinics. This makes sense because Wal-Mart's customers are seeking that "one-stop shop" to avoid running all over town getting everything they need. Most of Wal-Mart's customers come from the low-income bracket, and low drug prices will be very attractive to them (but who enjoys paying a fortune for drugs?). The number of retired baby boomers are growing every day, and they definitely need a place to buy drugs cheaply with their fixed income. This is certainly a good move on Wal-Mart's part; I could see it being a pharmacy powerhouse in the near future. This could be good for consumers considering that its extreme efficiency and very low prices might force drug makers and other pharmacies to follow suit. Read more about Wal-Mart's pharmacy plans in this Business Week article.

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