Business
An upgrade for TWC loyalty scheme
TerryWhite Chemmart has introduced a new evolution of its loyalty program with the launch of REWARDS Plus According to the banner group, REWARDS Plus is a significant step forward in …
Will weight loss drugs eat into supermarkets’ profits?
The skyrocketing demand for weight loss medications like Ozempic could temper shoppers’ appetites at our major supermarkets, Morgan Stanley says The Danish maker of GLP-1 receptor antagonists Ozempic and Wegovy, …
Price pressures
What are the 5 key forces at play in the current pharmacy market? Natalie Sirianni explains The last 5 years Over the last five or so years, we have seen …
CWH reports leap in profits; adds 18 new stores in six months
Pharmacy giant Chemist Warehouse (CWH) saw an almost 29% surge in profits before tax in the first six months of the financial year, while continuing to rapidly expand its retail …
Wholesaler margins suffering
Steps are needed to reverse the decline of wholesaler remuneration during the 7CPA and add vaccines and section 100s to CSO, says a NPSA director Australia needs to foster a …
Proposed Sigma merger sees another Gance make the rich list
Chemist Warehouse’s Gance brothers scoot up The Australian’s 2024 rich list The Australian’s John Shensholt has again researched and published the names of Australia’s richest 250 people – a list …
‘Pharmacy shops are just dead’
Jack Gance tells a retail conference that Chemist Warehouse is eyeing the US market as its traditional format loses appeal Chemist Warehouse co-founder and chairman Jack Gance has told the …
Hospital business delivers for Symbion
Wholesaler reports double-digit growth in hospital division’s revenue EBOS’s Symbion Hospitals division is reporting revenue growth of almost 15% for the first half of the 2023/24 financial year. …
Aurora Cannabis acquires MedReleaf
Global medicinal cannabis giant targets Australian market with MedReleaf takeover Canada’s Aurora Cannabis is eyeing significant grow in Australia through its acquisition of MedReleaf Australia. In a statement to …
Move will address ‘large power imbalance’: union
The new “right to disconnect” legislation will protect pharmacists from work “creep” into the rest of their lives, says one pharmacy group Leon Yap, honorary chairperson for the Pharmacy Division, …
Sigma fills war chest ahead of CWH merger
Wholesaler completes $400 million capital raising exercise Sigma Healthcare has announced the completion of the retail component of its non-renounceable entitlement offer to raise $400 million. In a statement …
Plenty of room for CWH growth: Verrocchi
Discount giant believes there is room for 400 more Chemist Warehouse stores in Australia Chemist Warehouse (CWH) is far from finished its expansion in the domestic market, with co-founder Mario …