Clicks targets 900 stores after ace results
Clicks plans to invest R680m during the 2018 financial year to add 25-30 new stores, and about 35 pharmacies, among other things
26 October 2017 - 09:33
Clicks Group plans to grow its retail footprint to 900 stores across the country after a stellar performance in its pharmacy and beauty divisions for the year to August. On Thursday the retail-led healthcare group posted a 15.4% rise in operating profit to R1.8bn driven by strong health and beauty sales that grew 14.7%. Opening 111 stores, including 80 through the outsourcing agreement with the Netcare Group, bumped up its store footprint to 622. Its pharmacy network was increased to 473. During the 2017 financial year, the retailer’s cash inflows from operations exceeded R2bn for the first time.
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