The drugstore industry should remain more attractive than the overall market in coming months, given its revenues are typically non-cyclical, i.e. drugstore sales do not fluctuate as much as other industries such as autos and apparel. The main reason is that the industry sells necessities such as prescription drugs and consumer products. In fact, compared to last year at this time, overall retail sales are down -10%, while drugstore sales are still growing at a 2.5% clip (see chart below).
