Monday, August 2, 2010

Ferris Professor Wellman Featured In Bay City Times Article On Local Pharmacies Surviving

Ferris State University faculty and staff continue to be sought for their informed viewpoints on issues that impact local communities, the state, nation and beyond.

Greg Wellman, professor in Ferris' College of Pharmacy, is cited in a story published by the Bay City Times on the issue of local pharmacies surviving against the big boys:
In today’s world of national drug store chains, big box retailers and the Internet, the number of locally owned pharmacies is on the decline.

In fact, from 2005 to 2009, the number of independent pharmacies decreased by 7 percent, according to the National Community Pharmacists Association, which also has data that shows independent pharmacies represent 40 percent of all retail pharmacies.
Here is the excerpt that contains what Wellman had to say:
Greg Wellman, professor of pharmacy administration and assistant dean of student affairs and assessment for Ferris State University College of Pharmacy, said local and independent pharmacies must find a niche to stay in business.

“We’re seeing a decline in the number of independent pharmacies on a national basis, due to the competition from the larger chains,” Wellman said. “Local and independent pharmacies that can find their niche and really set themselves apart are being able to find profitability.”
For the complete story, visit here.

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