This May, Long Chau pharmacy chain, under FPT Retail, has officially reached the milestone of 100 pharmacies over 30 provinces and cities.
Long Chau pharmacy chain has reached 100 stores over 30 provinces and cities.
After two years being taken over by FPT Retail, Long Chau system has officially reached 100 stores, serving millions of customers in more than 30 provinces and cities across the country. The 100th store has been put into operation, which marks an important milestone in the development of Long Chau system.
It is known that Long Chau chain currently sells prescription and over-the-counter medicines, functional foods, cosmetic pharmaceuticals and health care products. At the end of the first quarter of 2020, Long Chau was considered the bright spot in FPT Retail’s business pictures with the turnover reaching VND 239 billion, up 20% compared to the fourth quarter of 2019, 2.5 times higher than that in the same period in 2019.
Until now, Long Chau has decided on 40 locations to open new stores in the second quarter of 2020. It is expected that Long Chau will have 200 stores by the end of 2020.
FPT Retail’s strategy is to increase the coverage of Long Chau pharmacies nationwide, representing about 30% of the market share of pharmaceutical channels through pharmacies in the next 2 to 3 years.
According to Anh Duong, Cafebiz.
Published May 18, 2020