Chemplus gains ground
February 11, 2016
ADDING to the strong sales
growth reported by the Terry
White Group (TWG) last week (PD
02 Feb) the franchisor Chem Plus
P/L that TWG acquired last July is
already demonstrating increased
retail sales and has added two new
pharmacies.
Upon the acquisition, the two
companies expressed a very
positive forward growth picture
anticipating being able to capitalise
on each other’s strengths.
Chemplus ceo Nick Tsamaidis
said those plans were “beginning
to bear fruit” with the most recent
sales results showing Chemplus
tracking up almost 8%.
“Front of shop profit is supporting
the delivery of health services and
freeing up time for our pharmacists
to get on with the job of being
pharmacists,” Tsamaidis said,
highlighting that TWG’s focus on
each brand’s specific needs has
enabled a “seamless transition”.
While TWG reported sales growth
of 18% for the six months to 31
Dec, Chemplus network posted
a 7.9% growth on a like for like
pharmacy basis, compared with
last year.
TWG ceo Anthony White said
sales growth across the Group was
encouraging and demonstrated
the agility and strength of its retail
strategy.
“Together we have been able to
deliver improved results within a
relatively short timeframe,” White
said.
“The two brands co-exist and
compliment each other well.
“Both emphasise health services
and outcomes as a priority, strong
community connections and have
a robust merchandise strategy that
includes the most extensive private
label offering in the market.”
Blackwood and Western Hospital
pharmacies are the two new sites
in the Chemplus network in the
period, the group announced.
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