Marc Glassman is out to prove that low prices can lead to big things. The regional retailer operates about 60 discount stores, most of which are Marc's Deeper Discount Drug Stores in northern and central Ohio, but also about five Xpect Discount Drugs stores in Connecticut. The stores range in size from 18,000 sq. ft. to 48,000 sq. ft. About 50 of the locations have pharmacies and offer a constantly changing mix of closeout and excess merchandise in some 20 categories, including clothing, cosmetics, housewares, toys, and tools. The company specializes in seasonal products (Christmas, Halloween, lawn and garden). Owner and chairman Marc Glassman founded the company in Middleburg Heights, Ohio, in 1979.
Marc Glassman operates about 55 stores in northeastern Ohio, and five locations in Connecticut.
Despite competition for national giants Walgreen and CVS in the Cleveland market, the regional retailer appears to be holding its own. Prescription drugs account for only about 15% of sales, with general merchandise (about 40%), health and beauty aids (28%) and over-the-counter medications (14%) making up the rest.
Indeed, Marc Glassman is known for its eclectic merchandise mix: it even sells wall-to-wall carpet in some of its stores in Ohio. It also sells meat and produce in many stores, as well as other food items and pet products. It has been gradually expanding the amount of food in its menu over the past several years. To that end, Marc's opened a new store in Cleveland and expanded its presence in the fresh food segment by purchasing a produce distribution center in Parma, Ohio, in 2009.
To compete with national drugstore chains and Wal-Mart, Marc's offers a low-price generic drug program that sells a 3-day supply for $3.99 (a penny less than the big chains).
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