New habits in health retail 08:00 | 22/04/2021
New habits in health retail. Source: cafef.vn
FPT Retail plans to expand its Long Chau Pharmacy chain from 200 to 350 outlets in 2021. The group expects to account for 30 per cent of the local pharmacy retail market in the next two years, contributing to 25 per cent of its total revenue worth $217.16 million.
A representative of FPT Retail said that the company will develop its logistics capabilities and workforce to reach this target. The retailer has also started to pilot its FBeauty chain, selling cosmetics and functional foods to capitalise on the market potential.
Meanwhile, Pharmacity plans to double its network to more than 1,000 stores across the nation this year. Apart from drugs, Pharmacity also sells cosmetics, beverages, and toothpaste, among others.