The financial story at Drugstore.com for 2010 includes lots of top-line growth but another net loss.
The financial story at Drugstore.com Inc. for 2010 was a familiar one: lots of top-line growth but another net loss.
For the year ended Jan. 2, Drugstore.com, No. 46 in the Internet Retailer Top 500 Guide, reported:
“During 2010, we made important strategic progress, achieving our targets for over-the-counter and total beauty growth, and, even more importantly, laying the groundwork to deliver significant growth to both our top and bottom lines,” says CEO Dawn Lepore. “I am confident that the improvements we have made to our site, the extensive testing we conducted on new product offerings and the important investments we made this year position us for a strong 2011.”
For the fourth quarter:
“Through the sale of our pharmacy assets to BioScrip Pharmacy Services and the acquisition of SkinStore.com, we have refocused the business on our faster growing OTC and vision segments and have a clear plan of how to succeed in these markets,” says Lepore.