Sharon Terlep

speaker

59 appearances 2 recordings 1 series first heard Jun 2019 last heard Jan 2020

Sharon Terlep’s voice in public audio — every appearance, attributed to the second.

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WSJ Your Money Briefing · Why Supermarkets Are Closing Their Pharmacy Counters · 27 Jan 2020 podcast

Sure, because a lot of this is really about market power.

So Kroger is the biggest grocer in the country, and it's one of the biggest pharmacy chains.

So one of the things that happens with the bigger chains, CVS, Walgreens, even Kroger, they can negotiate deals to be preferred providers, and they can shut out an entire regional grocery chain in this type of deal.

Kroger has a little bit more heft than a regional chain with 30 stores.

Yeah.

And I think this is an area where grocery chains in particular are disadvantaged, even to independent mom and pop drug stores.

And now these independent stores have been closing in legions as well.

But you'll find a lot of loyalty to the hundred year old chain on Main Street, whereas, you know, these grocery chains fall a little bit in the middle ground.

I mean, they're a little more personal, a little homey.

But I mean, a lot of people just aren't really that attached to their grocery store pharmacy.

Thank you.

WSJ Your Money Briefing · Gucci's Hottest Sales Location: The Airport · 18 Jun 2019 podcast

Exactly.

And when we talk about really high-end shopping, we're talking mostly about international terminals.

So while the average is an hour when you are talking about international travelers, even more time.

Yeah.

And I would say that's what started this.

And that's what kind of started the trend of really looking at this as an important area.

And now, particularly with travelers from Asia and other developing countries where there's just a lot of money to burn, now passengers increasingly are extending their layovers, planning their trips.

So they're making these almost destination points.

A major boost.

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