Sales warning for retail pharmacies
MOST companies in the community pharmacy sector will
see sales stagnate or decline over the next 12 months, according to a
new report. An analysis of 1,000 United Kingdom companies in the “retail
chemists industry” predicts an overall sales growth of 5 per cent, but
says that only 41 per cent of companies will share in that growth. A further
42 per cent are predicted to see stagnant sales and 17 per cent to see
a drop in sales.
“Profit predictor edition 2001: retail chemists”
says that as competition intensifies, companies will need to get a better
grasp of their costs to improve their profitability. Loss-making companies
should adopt an emergency consolidation plan, improving profitability
by reducing sales, overheads and staff. Stagnating companies should tweak
their businesses by taking a critical look at non-essential costs. Successful
companies should expand, increasing their profits through further sales
growth.
The report costs £450. Further details from Plimsoll
Publishing on 01642 257800.
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