Clicks, a retail-led healthcare group listed on the South African stock exchange, is pressing ahead with plans to invest R958m in expanding its store and pharmacy network, despite the expectation of a tough trading environment in the next six months as consumers feel the squeeze. The group plans to spend R477m on new stores and pharmacy refurbishments, and R481m on supply chain, technology and infrastructure, including battery storage at UPD’s main distribution centre. The company aims to open 50 new stores and 40 new pharmacies in the current financial year as part of its longer-term plan to have 1,200 stores. Despite consumer financial pressures, Clicks has posted solid financial results, with a 6.8% increase in group turnover, and CEO Bertina Engelbrecht says the group’s latest performance is a testament to its resilience.

Source: www.moneyweb.co.za