Dis-Chem reports huge increase in revenue
DIS-Chem Pharmacies has reported double-digit growth of 12.1% in group revenue to R11.6-bn for the 22 weeks to February 2, with online sales surging 218%, reported Business Report (18 Feb 2021). Dis-Chem said the increase in online sales was a result of consumers preferring to stay safe and shopping from the comfort of their homes as new Covid-19 infections climbed towards the end of last year. Retail revenue increased 10.3% to R10.4-bn and the group continued to gain market share in all its core categories.
Dis-Chem increased its store network by 10 new stores, contributing R123-mn to revenue.