Thursday, January 8, 2009

Free is Priced Just Right

Apparently someone at Giant Food Stores read Chris Anderson's article. From the Washington Post:
Giant Food stores will give free generic antibiotics to customers with a prescription for the next three months in what retail experts called an aggressive move in supermarkets' heated battle for shoppers.

The company said the program, which will begin Friday and last through March 21, covers several popular antibiotics such as amoxicillin, penicillin and ciprofloxacin. This is the first time that Giant has offered free prescription drugs and it did not estimate the cost or potential popularity of the program.

"Times are tough," said Robin Michel, executive vice president for Giant Food, which is based in Landover. "If this is the way that we can help most people, why not?"

Very nice of them. Or perhaps this is just a positive effect of Wal-Mart.
The pharmacy business has become increasingly competitive since Wal-Mart began offering nearly 300 generic prescription drugs for just $4 in 2006. Its rivals were forced to follow suit, with Giant lowering 90-day supplies of popular drugs to $9.99 this summer. According to consulting firm Willard Bishop, pharmacy sales typically make up about 10 percent of revenue at grocery stores.
Via Mark Perry.

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