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Best Buy Pharmacy

Status: Acknowledged
by on ‎03-08-2014 12:51 PM

I really think since Best Buy is a very innovative company and stays on the cutting edge of technology it should also be diversed in other areas of the market. Not only electronics but I think Best Buy should also have a Pharmacy. With the growing numbers of stores like Wal-Mart, Walgreens, CVS, I think Best Buy should try their hand in the Pharmacy arena. It woiuld be more convient for those customers that are shopping and it would bring a heck of a revenue on top of the already made revenue. I have a few ideas of how this can be done but to much to type..

Status: Acknowledged
Thanks for the idea, but I honestly just can't see us ever entering this market.
Comments
by
on ‎03-08-2014 09:32 PM
I`m all for it but this would be so far out of BB`s comfort zone it would fail. They`d need completely new & well trained to avoid major lawsuits & that staff will cost more than typical retail staff. Also, there`d need to be a major system overhaul and/or setup considering insurance. Seems like a 3-5 yr plan to become profitable & that`s assume customers will really "believe in" a BB pharmacy over CVS, Walgreens, Riteaid...

But man would people love to get rz pts on expensive perscriptions imagine a promo with viagra & tv`s lol
by
on ‎03-09-2014 04:57 PM

Sorry but this is a terrible idea.

Current stores with a pharmacy struggle to keep it.

Pharmasists make more than most store managers.

Perscription margins are low, inventory costs high...

and timely collecting from insurance hit or miss ....

 

by Valued Contributor
on ‎03-10-2014 08:21 AM

I don't believe this would be a good addition either sadly. While the first though of "people can shop electronics while waiting on a prescription" sounds nice in theory the amount of money that would be involved and the amount of a crew that would have to be in the pharmacy especially in certain stores would be overwhelming. 

 

Like any pharmacy it's wait time vs. complaints of waiting time vs. profit ( less employees ) 

 

And also the person above me also pointed out high inventory costs. 

by
on ‎03-13-2014 11:00 PM

I hate to call an idea silly or another word, but honestly this idea is ridiculous.

by Valued Contributor
on ‎03-13-2014 11:21 PM

Ok.... let's think about this...

On second thought... this is a bad idea.

by Emerging Expert
on ‎03-14-2014 12:57 PM

Sorry this is a horrible idea. 

by Senior Social Media Specialist Senior Social Media Specialist
on ‎03-17-2014 12:15 PM
Status changed to: Acknowledged
Thanks for the idea, but I honestly just can't see us ever entering this market.
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