TERRYWHITE Chemmart (TWC) expects its network of pharmacies to exceed 500 stores across Australia in 2021.
Speaking ahead of the launch of TWC's first of six state-based Lead Beyond network partner conferences, which started in Tasmania yesterday, CEO, Duncan Phillips, hailed the group's strong trading performance in recent months.
"Our network is buoyant, our proposition is the strongest it has ever been and building even greater momentum, and our partners are seeing that we have a market winning strategy that customers are enthused by; and customers vote for with their feet," he said.
"Since our last conference in Sep 2019, we have increased our marketing and advertising spend by a massive 86%.
"This ongoing above the line (ATL) investment combined with our impressive store results are helping fuel our growth and we have a strong pipeline which is putting us well on track to meet 500 TWC pharmacies before year's end."
Phillips noted that in the four weeks to 14 Apr, the group's stores had seen sales jump by 12.3%.
"The 360-degree performance across dispensary and front of store is a testament to the hard work that has been put into ensuring that the offer is compelling and that we back this up with significant marketing investment.
"There are no short cuts -- it's blood, sweat and tears from our TWC teams, strong execution from our Network Partners and this is delivering sustainable growth."
Meanwhile, the national TWC HEART Award winners will be announced at the final Lead Beyond conference in WA on 18 May.
Pictured are, TWC CEO, Duncan Phillips, with Pharmacy Guild of Australia Tasmanian Branch President, Helen O'Byrne, and Tasmanian Guild Branch Director, Monique Mackrill.
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