Just a few months ago, the retail industry was lamenting the final days of drug stores in America. Walgreens announced it’ll be closing 1,200 stores. About the same time, CVS was also closing stores. Rite Aid was suffering through Chapter 11. All that was needed to complete the picture was the theme song from “Titanic”.
But here we are in January 2025, and how different the drug store landscape looks!
Rite Aid recovered from bankruptcy as a privately held company, eliminating about $2 billion of its debt and pocketing additional $2.5 billion (with a B) in exit financing.
CVS store closing is going as planned, but most of the closed locations are inside the Target stores.
And Walgreens just reported a better-than-expected fiscal first quarter, giving the industry hope that its plan for revival is working.
This is a sign of hope. And hope, as we know, springs eternal.
Still, hope is only good when it’s supported by hard work, and in the retail industry the hardest, never-ending work is learning about the needs of your customer and trying to satisfy them to the max.
This approach is called KYC (Know Your Customer). In retail, KYC means knowing the things about your customers that will help you better satisfy their needs and wishes.
In addition to traditional demographic reports by address, you can now also get Traffic Flow Demographics, a set of data describing the drivers in the flow of traffic that passes by your store.Ticon’s new product is available with nationwide coverage and high granularity, at Ticon’s industry-leading accuracy and precision.
So, if you want to be ahead of the game, give us a call to talk about asset performance product selection optimization with Ticon’s highly granular data.
