Despite a tough economic environment, the retailer says it improved market share across all of its core categories.
Pharmaceutical retailer Dis-Chem said on Thursday it had managed to overcome the impact of a strike, lifting group revenue by 10% to R21.4 billion in the year to February 28.
Despite a tough economic environment and prolonged industrial action which affected almost a third of the financial year, Dis-Chem said it improved market share across all of its core categories. “Our roll-out plan of adding 20 stores or more annually remains on track. We are extremely pleased with the performance of our new stores, across all formats, as we enter new markets and grow our share in existing markets.”
Cost efficiency remained the main focus and having wholesale operations that were more geographically aligned with its retail store base and the independent pharmacy market should lead to further cost containment in the next financial period, it said.
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