27th Apr 09
Scotmid in England expansion of discount pharmacy operation
by Natasha Redman
www.scotmid.com
Co-operative retailer Scotmid has announced its plans for a multi-million pound expansion effort that will see its semichem discount pharmacy presence extend into England, after experiencing significant earnings growth despite current economic conditions.
The Edinburgh-based company is looking at opening 10 new semichem stores in northern England later this year, hoping to replicate its success in Scotland – at a time when many shoppers are making the move to discount chains to save money.
“Semichem is a discounter, that is a good place to be in the current environment,” said Scotmid chief executive John Brodie. “We have spent several years sorting out the format and the product offering for semichem. It’s a concept that works in Scotland and Northern Ireland so we will continue to roll that out further south.”
Semichem was acquired by Scotmid in 1995, and thus far has just one branch in England, in Berwick upon Tweed, just south of the Scottish border.
The plan to open stores in England is coming at a time when many retailers are finding the going to be rough, and is a significant sign of Scotmid’s confidence in the business.
In Scotland there are currently 105 semichem branches, and 25 in Northern Ireland.
Thanks to www.theherald.co.uk for the above quotes, for more information on this article please visit their website.
www.scotmid.com
Our Stories
- Tesco store managers see annual bonuses cut
- Royal Mail: half London sorting office to be sold
- Panasonic announces £3.4bn loss
- Thomas Cook attacks government over holidays at home promotion
- Clinton Cards falls into administration
- Wet April sees high street spending fall
- Five tough years ahead for UK jobs market
- Deal struck to save Thomas Cook
- Discount battle leads to sales decline at Morrisons
- Wetherspoon founder: pubs plans to be hit by taxes
- Stores in doubt as Argos profits fall
- Heathrow to increase landing fees
Popular Topics
afghanistan al qaeda amazon Apple ASDA bank of england barack obama BBC british airways china david cameron Debenhams Egypt facebook george osborne Google India ipad iphone ivory coast japan Libya London M&S Marks & Spencer Morrisons nhs North Korea Office for National Statistics pakistan protests russia Sainsbury’s South Korea terrorism Tesco Tunisia UK UK retailers UK retail news UK shopping us Waitrose Wikileaks x factorArchive
- May 2012
- April 2012
- March 2012
- February 2012
- January 2012
- December 2011
- November 2011
- October 2011
- September 2011
- August 2011
- July 2011
- June 2011
- May 2011
- April 2011
- March 2011
- February 2011
- January 2011
- December 2010
- November 2010
- October 2010
- September 2010
- August 2010
- July 2010
- June 2010
- May 2010
- April 2010
- March 2010
- February 2010
- January 2010
- December 2009
- November 2009
- October 2009
- September 2009
- August 2009
- July 2009
- June 2009
- May 2009
- April 2009
- March 2009
- January 2009
