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Eckerd: Seeking an Antidote to Walgreens
By Baselinemag
2003-06-01
Article Views: 3300
Article Rating: / 2
Use this model to follow the past five years of Eckerd's path to survive the Walgreens invasion.
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Eckerd sells 24 stores to Rite Aid and exits the Alabama market.
Buys 17 stores in Florida and 5 in Georgia from Rite Aid.
Buys Genovese drug stores, establishing a presence in New York, New Jersey and Connecticut.
Eckerd.com updated so patients can order refills.
Retek selected as the primary vendor for a supply chain and inventory management overhaul.
IBM named integrator for Retek project, to be called Quantum Leap
Nearly 300 stores to be closed for lack of profitability.
Allen Questrom becomes CEO of J.C. Penney, Eckerd's parent.
Wayne Harris becomes CEO of Eckerd after Frank Newman leaves for more.com.
Outsourcing contract canceled with IBM.
Recruiting begins to create Eckerd's own information technology staff of about 800 people.
First test of Quantum Leap inventory tracking system takes place.
First store goes live on Quantum Leap, to automatically replenish shelves.
Inventory moves faster through stores, at a rate of 4.8 times a year.
TechRx and NDC Health chosen as vendors for new pharmacy computer system.
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