The rising popularity of certain weight loss drugs might end up helping apparel makers. That’s according to a recent survey by investment banking firm Stifel, the subject of a Saturday (Dec. 2) report from Seeking Alpha. That survey found that 15% of respondents are on GLP-1 medications...
Riding high, Johnson & Johnson reported pharmaceutical sales worth $13.89 billion on Tuesday (Oct 17), a year-over-year growth exceeding 5%. The pharmaceuticals driving its growth are Darzalex, a biologic used for multiple myeloma, and Erleada, a prostate cancer treatment, in addition to several other oncology...
Walmart has reportedly found that customers who buy appetite-suppressing medications like the diabetes drug Ozempic are buying less food. The retailer is analyzing anonymized data on shopper populations to gain insights into changes in sales patterns among individuals who are taking the drug compared to those...
During its fiscal first quarter, Rite Aid reported a boost in pharmacy sales, attributed to the introduction of a new category of drugs. Pharmacy sales rose 3.4% year over year, fueled by the demand for Ozempic and other GLP-1 receptor agonists. These medications are prescribed...
December 08, 2023
As Walmart is observing a reduction in customers’ grocery expenses due to the use of appetite-suppressing medications, Amazon is exploring opportunities with third-party grocery providers to enhance its presence in the grocery market. These actions come as both retailers, like everyone else, grapple not only with inflation but also with how it is influencing consumers’ […]
December 03, 2023
The rising popularity of certain weight loss drugs might end up helping apparel makers. That’s according to a recent survey by investment banking firm Stifel, the subject of a Saturday (Dec. 2) report from Seeking Alpha. That survey found that 15% of respondents are on GLP-1 medications such as Mounjaro, Wegovy and Ozempic. Another 21% said they’d […]
October 04, 2023
Walmart has reportedly found that customers who buy appetite-suppressing medications like the diabetes drug Ozempic are buying less food. The retailer is analyzing anonymized data on shopper populations to gain insights...
