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Tag: The Generics Pharmacy

  • Robinsons Retail income raised by nearly 10 per cent

    Robinsons Retail income raised by nearly 10 per cent

    Robinsons Retail Holdings has boosted net income by 9.8 per cent in the first nine months of this year, to PHP 3.8 billion (US$70.97 million). The improvement followed on from a 13.1 per cent increase in sales for the period, to PHP 91.8 billion ($1.71 billion) which the company said was due to “robust” same-store sales growth of 6.6 per cent across all store formats, along with a contribution from new stores.

    Same-store sales rose by 8.6 per cent in the company’s supermarkets division, which accounts for 46.5 per cent of the group’s total turnover, and by 7.8 per cent in specialty stores and 6.1 per cent in DIY. Same-store sales in the convenience divison rose by 4.5 per cent, in drugstores by a more modest 2.9 per cent and department stores 2.4 per cent.

    Excluding franchised branches of The Generics Pharmacy, Robinsons Retail ended September with 1778 stores, comprising 158 supermarkets, 51 department stores, 206 DIY stores, 496 convenience stores, 499 drugstores and 368 specialty stores. Gross floor area increased by 9 per cent year on year to 1.199 million square meters.

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  • Acquisitions boost Robinsons Retail sales

    Acquisitions boost Robinsons Retail sales

    Newly acquired stores Savers Appliances and The Generics Pharmacy have given Robinsons Retail sales and profits a boost.

    Sales increased by 18.5 per cent from Php21.6 billion to Php25.6 billion in the second quarter of 2016, on the back of sustained high single-digit same-store sales growth (SSSG) and sales from stores acquired this year.

    For the first half of 2016, profit increased by 8.6 per cent to Php2.0 billion from Php1.9 billion last year.

    Net sales for the first half of 2016 reached Php48.3 billion, an increase of 16.9 per cent from Php41.6 billion last year. The robust blended SSSG of 9 per cent in the first quarter of 2016 was sustained in the second quarter brought about by the general bullish consumers sentiment on the back of successful and peaceful national elections, lower commodity prices and stable exchange and interest rates environment.

    The like-for-like sales in the second quarter were strong across all segments led by supermarkets at 8.9 per cent, department stores at 7.6 per cent, DIY at 8.3 per cent, specialty stores at 16.8 per cent, drugstores at 5.5 per cent and convenience stores at 2.9 per cent.

    From July 2015, Robinsons Retail added 128 stores to end at 1527 stores at the end of June 2016. GFA increased by 10.7 per cent year-on-year to approximately 998,000 sqm. Including The Generics Pharmacy’s franchised store portfolio of 1878 at end of June 2016, the store network hit 3405.

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  • Robinsons Retail takes control of The Generics Pharmacy

    Robinsons Retail takes control of The Generics Pharmacy

    Robinsons Retail has acquired a 51 per cent controlling interest in The Generics Pharmacy (TGP), the Philippines’ largest and fastest growing generics drugstore chain.

    The acquisition of TGP’s over 1800 stores, combined with South Star Drug, will take the retail drugstore network of the group to nearly 2200 stores nationwide, more than Mercury Drugstore’s 1000+ network, making it the largest by store numbers.

    Robina Gokongwei‐Pe, president and COO of Robinsons Retail, said TGP strongly believes in its vision to offer quality products at very affordable prices and in convenient locations. “It is an honor to continue the company’s legacy and to further grow the business”.

    “As we profit from accomplishing this mission, we ensure our growth is shared among our franchisees, partners, suppliers and employees,” said Benjamin Liuson, founder and chairman of the board of TGP. “It is our hope to bring our business a step higher with our partnership with Robinsons Retail.”

    The Liuson family which founded TGP has been in the pharmaceutical business since 1959, initially as importer and wholesaler under the name Pacific Pharma. In 1983, Pacific Pharma shifted its focus to generic medicines after realizing the serious need of most Filipinos for quality medicine at affordable prices.

    In 2001, the Liuson family ventured into retail and set up The Generics Pharmacy (TGP). As demand grew, in 2007, TGP decided to bring affordable healthcare and medicines more accessible to far‐flung areas of the country through a franchising business model.

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