Table of Contents THE RETAIL DRUGSTORE INDUSTRY3 CURRENT ORGANIZATION AND STRUCTURE9 FUTURE INDUSTRY PERFORMANCE13 EXTERNAL OPPORTUNITY ANALYSIS34 EXTERNAL THREAT ANALYSIS39 SUMMARY OF EXTERNAL OPPORTUNITIES AND THREATS41 INTERNAL STRENGTH ANALYSIS42 INTERNAL WEAKNESS ANALYSIS48 SUMMARY OF INTERNAL STRENGTHS AND WEAKNESSES49 LONG-TERM DEBT-PAYING ABILITY54 ANALYSIS OF THE MISSION STATEMENT58 ANALYSIS OF WALGREENS’ OBJECTIVES61 Advantages (growth concentration):65 Disadvantages (growth concentration):66 Advantages (growth diversification):67 Disadvantages (growth diversification):68 Table of Figures FIGURE 1 - INVENTORY TURNOVER52 FIGURE 2 - CURRENT RATIO53 FIGURE 3 - DEBT / EQUITY RATIO55 FIGURE 4 - NET PROFIT MARGIN57 FIGURE 5 - RETURN ON ASSETS58 The Retail Drugstore Industry Knowing the importance of a strategic vision, every company undertakes a complete analysis periodically. In order to create a strategic plan the parties involved must know every aspect of the industry and the company at hand. The purpose of this paper is to describe and analyze the retail drugstore industry and then focus on Walgreens, the industry leader in terms of sales. As part of the in-depth analysis of Walgreens, its major competitors will also be described and analyzed. The retail drugstore industry consists of all those stores that contain a pharmacy and sell prescription drugs. It also includes businesses that sell prescription drugs online and through the mail. Most retail drugstores also offer other consumer goods and services to augment the low margin earned on prescription sales. To be considered a member of the retail drugstore industry requires sales of prescription pharmaceuticals to the end consumer. Many convenience, food and discount stores sell over-the-counter medicines, but these stores would not be considered retail drugstores because they do not also sell prescription medicines. Relevant EnvironmentCompetition: The relev...
