Clicks plans to open 20 to 30 new stores and between 30 to 40 dispensaries, and remains committed to achieving its medium-term target of 500 stores.
Clicks plans to focus on continuing to drive volume and leveraging Club Card. The Clicks ClubCard passed the 3 million customer mark, increasing by over 400 000 members in the past year to reach 3.1 million at year-end. ClubCard accounted for 74.8% of sales in Clicks and R197 million was returned to customers in cash-back vouchers. By leveraging ClubCard, Clicks will be in a position to drive volumes and acquire new customers.
Management is confident that the growth strategies will continue to improve operating margins in the medium term and the margin target guidance has been increased to a range of 6.5% to 7.5%.
Clicks climbs after annual results
25/10/2013 - 11:12
Johannesburg - South African beauty and pharmaceutical retailer, Clicks, has said trading over the Christmas holiday season is critical to its fiscal 2014 performance as consumer spending remains weak
Clicks gains on retail market recovery
12/03/2013 - 09:05
Johannesburg - Clicks climbed the most in almost seven months as food and drug retailers continued to recover from an early-year slump driven by slower consumer spending.
Clicks turnover up 11.7%
24/01/2013 - 09:34
Johannesburg - Clicks Group [JSE:CLS] has reported an 11.7% rise in group turnover to R5.97bn for the 18 weeks to December 30 2012 as consumer spending remained muted.
US: Walgreens details growth strategy
11/01/2013 - 10:12
Chicago -- Walgreens on Wednesday told shareholders at the chain’s annual meeting in Chicago that it will continue to push the envelope of traditional drugstore retailing. Going forward, the company said it is focused on three areas of opportunity:
R195M Shopping Mall to be Built in iBhayi area Eastern Cape
21/08/2012 - 09:08
Port Elizabeth’s iBhayi area will become a major urban retail hub with the development of the R195 million Kinako Mall at the intersection of the R75 Uitenhage Road and Spondo Road.