Drugstore
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DRUG STORES BUSINESS AND INDUSTRY PROFILE Published by the ILLINOIS DEPARTMENT OF COMMERCE AND COMMUNITY AFFAIRS 620 East Adams Street Springfield, Illinois 62701 217-785-6193 In Cooperation With U.S. DEPARTMENT OF COMMERCE Economic Development Administration SOUTHERN ILLINOIS UNIVERSITY AT CARBONDALE College of Business and Administration This publication was authored by Lynn Andersen Lindberg, Business Research Management Services Institute and Donald Vaughn, Professor of Finance, both of Southern Illinois University. The publication was edited by John Moulton, Office of Urban Assistance, Department of Commerce and Community Affairs. The statements, findings, conclusions, and recommundations are those of the author(s) and do not necessarily reflect the views of the department or the Economic Development Administration.
DRUG STORES NOTE: Every effort has been made to ensure that the information contained in this booklet is comprehensive and accurate. However, this guide should only be considered as a reference. Proper legal council and other professional guidance should be obtained prior to starting a business. DRUG STORES (SIC 3912) GENERAL INDUSTRY INFORMATION BUSINESS TYPE, INDUSTRY CHARACTERISTICS AND PROSPECTS
http://www.sbaer.uca.edu/Publications/pub00055.txt
6/18/04
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Nature of the Industry Drug stores have been assigned the Standard Industrial Classification (SIC) Industry Number 5912. These are establishments engaged in the retail sale of prescription drugs, proprietary drugs, and nonprescription medicines. Also, this SIC includes drug stores which can also operate a soda fountain or lunch counter, and may carry a variety of related lines such as cosmetics, toiletries, tobacco, novelty merchandise, and lottery machines in those states with lotteries. Corporations dominate in the retail pharmaceutical industry, with 76 percent of total firms being incorporated. Single proprietorships account for 20 percent while
DRUG STORES BUSINESS AND INDUSTRY PROFILE Published by the ILLINOIS DEPARTMENT OF COMMERCE AND COMMUNITY AFFAIRS 620 East Adams Street Springfield, Illinois 62701 217-785-6193 In Cooperation With U.S. DEPARTMENT OF COMMERCE Economic Development Administration SOUTHERN ILLINOIS UNIVERSITY AT CARBONDALE College of Business and Administration This publication was authored by Lynn Andersen Lindberg, Business Research Management Services Institute and Donald Vaughn, Professor of Finance, both of Southern Illinois University. The publication was edited by John Moulton, Office of Urban Assistance, Department of Commerce and Community Affairs. The statements, findings, conclusions, and recommundations are those of the author(s) and do not necessarily reflect the views of the department or the Economic Development Administration.
DRUG STORES NOTE: Every effort has been made to ensure that the information contained in this booklet is comprehensive and accurate. However, this guide should only be considered as a reference. Proper legal council and other professional guidance should be obtained prior to starting a business. DRUG STORES (SIC 3912) GENERAL INDUSTRY INFORMATION BUSINESS TYPE, INDUSTRY CHARACTERISTICS AND PROSPECTS
http://www.sbaer.uca.edu/Publications/pub00055.txt
6/18/04
Page 2 of 24
Nature of the Industry Drug stores have been assigned the Standard Industrial Classification (SIC) Industry Number 5912. These are establishments engaged in the retail sale of prescription drugs, proprietary drugs, and nonprescription medicines. Also, this SIC includes drug stores which can also operate a soda fountain or lunch counter, and may carry a variety of related lines such as cosmetics, toiletries, tobacco, novelty merchandise, and lottery machines in those states with lotteries. Corporations dominate in the retail pharmaceutical industry, with 76 percent of total firms being incorporated. Single proprietorships account for 20 percent while
Bibliography: Illinois Department of Commerce and Community Affairs, 620 E. Adams St., Springfield, IL 62701. 217-785-6193. Statistics of Income Bulletin. Superintendent of Documents, U.S. Government Printing Office, Washington, DC 20402. 202-783-3238. In Chicago: Government Printing Office Bookstore, 219 S. Dearborn, Chicago, IL 60604. 312-353-5133. http://www.sbaer.uca.edu/Publications/pub00055.txt 6/18/04