CHEMIST Warehouse Group (CWG) is looking at expanding into the US market, according to co-founder Jack Gance.
Speaking at a conference hosted by the Australian Retailers Association in Sydney this week, Gance said the low-cost pharmacy retailer saw the US as a potentially significant new market, reported The Australian.
"The US market is something we really want to go into," he said.
"The US has changed.
"We have been over there recently, and pharmacy shops are just dead.
"A Chemist Warehouse model over there would just boom."
Gance's comments to the retail conference made it clear that he wanted to step up his company's international footprint, despite his acknowledgement that other Australian retailers such as Bunnings have not done well with their overseas expansion.
However, he said he believed that Chemist Warehouse did have a good business model which could work in the US.
"Australian retail is very much advanced compared with other countries," he said.
"America probably has a lot more choice and variety but our retailers do a much better job.
"We have some great retail ideas and great retail concepts."
He added customer data would help to know what they wanted. JG
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