NATIONWIDE RETAIL ON THE RISE

 

It has been a good year for retail expansion in most parts of New Zealand with a 2.3% increase in purchasing up to the March quarter. This is compared to a 1.7% increase from the June quarter in 2010 and testament to the fact that retailers are slowly regaining their confidence to invest. Here at the Whats On Report we regularly update our nationwide listings on large retail expansions. Pharmacy Brands Ltd (including Life Pharmacy, Amcal and Unichem) has just announced that from early 2012 onwards they will be extending their reach nationwide from 22 stores to 200 stores. Included in this initiative are new brand names and store concepts, adding to their growing monopoly on pharmacies across New Zealand. Follow this project with us on J134752.

Source: The National Portfolio, Issue 4 2011 (SM)

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