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Tag: drugstore

Retail Asia04/11/2020
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Living

JV arrives to create US$7.9bn Chinese pharmacy giant

4min0
China’s Laobaixing and Yixintang Pharmaceutical Group are in advanced talks to create the country’s biggest drugstore chain via a share swap, three people familiar with the matter said. Laobaixing’s founders, Xie Zilong and Chen Xiulan, are expected to have a bigger stake in the merged firm than Yixintang’s founder Ruan Hongxian, said two of the […]
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Retail Asia24/02/2020
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Living

China Jo Jo Drugstores turns to profit in December quarter

1min0
Online and offline pharmaceutical and healthcare retailer and wholesaler China Jo-Jo Drugstores boosted revenue by 7.9 percent in the December quarter “We delivered outstanding financial results for the third quarter of 2020, with revenue recording $33.36 million,” said chairman and CEO Lei Liu. “Benefiting from the growth in retail drugstores and online pharmacy businesses as […]
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Retail Asia04/09/2019
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Living

Ebos confident about future growth

4min0
Christchurch-based pharmacy and animal healthcare firm said it is confident it will see a significant increase in earnings in FY20 after reporting a less than stellar result for the year ending June. Company chief executive John Cullity said 2019 was a year of high activity and strategically important for the group, as it set the […]
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Retail Asia06/06/2019
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Living

Sigma chairman Resigns after remuneration protest

2min0
Brian Jamieson, chairman of Sigma Healthcare, has said he intends to step down within the next 12 months after shareholders protested the remuneration report at Sigma’s annual general meeting on Wednesday. Shareholders delivered an 18 percent vote against the report during the meeting, while also opting to re-elect Jamieson, as well as David Manuel, as […]
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Retail Asia17/01/2019
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Living

AS Watson reports success with predictive modelling marketing

6min0
International health and beauty retailer AS Watson Group says its use of predictive modelling technology is delivering successful product launches. The firm has worked in close partnership with brands to help them penetrate specific demographics or enter new markets. Recently this included Jeffree Star Cosmetics launching exclusively at ICI Paris XL in Europe, and in […]
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Retail Asia14/01/2019
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Living

Watsons Vietnam opens first store this month

2min0
Hong Kong-headquartered healthcare and beauty retailer Watsons is to launch in Vietnam. The first Watsons Vietnam store will open on January 17, in the lower floors of the high-profile Bitexco tower in downtown Ho Chi Minh City. The store will take up at least one floor of a two-storey space recently vacated by Topshop. Teasing […]
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Retail Asia10/01/2019
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Living

Temasek plans to sell AS Watson stake

2min0
Singapore’s Temasek Holdings is reportedly looking to quit its stake in Hong Kong-headquartered beauty products retailer AS Watson. Temasek spent US$5.6 billion to acquire a 25 per cent share of AS Watson in 2014 from Hong Kong’s CK Hutchison, which retains the majority stake. According to report, Temasek made the investment expecting the business to be […]
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Retail Asia17/08/2016
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E-Tailing

China Jo-Jo Drugstores Reports Fiscal 2017 First Quarter Results

5min
China Jo-Jo Drugstores, Inc. (CJJD) yesterday announced financial results for its first fiscal quarter ended June 30, 2016. FY 2017 First Quarter Highlights: Revenue was $20.9 million compared to $21.3 million a year ago Gross profit increased 2.4% year-over-year to $4.5 million Gross margin increased 90bps year-over-year to 21.4%, retail pharmacy gross margin increased 280 bps […]
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Retail Asia30/06/2016
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E-Tailing

China Jo-Jo Drugstore expansion drives revenue

2min0
China Jo-Jo Drugstore expansion drove revenue up 15.8 per cent in the year to March 31. Online sales soared 77.8 per cent year-on-year to US$26.5 million and now accounts for 29.7 per cent of the group’s sales. New stores helped offline retail sales rise 4.9 per cent with total group revenue reaching $89 million. Same-store […]
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Retail Asia07/02/2016
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Living

China Jo-Jo Drugstores launches remote hospital network in Zhejiang

2min
China Jo-Jo Drugstores has launched the first Internet-based Remote Hospital Network platform in Zhejiang Province, China. The virtual physician platform will be offered onsite at its retail pharmacy locations. This would allow the company to partner with virtually any accredited physician or hospital in providing medical consultation to customers who would then have immediate access […]
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Retail Asia20/11/2015
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Living

Malaysia’s Caring Pharmacy value soars

2min
Malaysian listed retailer Caring Pharmacy has seen its share value soar 85 per cent in just two months. And no one seems to know why… The company has 106 pharmacies across Malaysia, just two more than it had three months ago, and has projected expansion at a rate of 10 to 12 outlets next year […]
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Retail Asia09/11/2015
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Living

Matsumotokiyoshi Thailand to launch in Bangkok

2min
Japan’s largest drugstore Matsumotokiyoshi has chosen Thailand for its first international foray. Matsumotokiyoshi Thailand is a joint venture between the Japanese company and Thai retail conglomerate Central Retail Food Corp who have formed Central & Matsumoto Kiyoshi Corp. Central owns 51 per cent. The first store will open in Bangkok at Central Plaza Ladprao this […]
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Retail Asia18/08/2015
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E-Tailing

China Jo-Jo Drugstores Announces First Quarter Financial Results for Fiscal Year 2016

5min
China Jo-Jo Drugstores, Inc., a leading China-based retail and wholesale distributor of pharmaceutical and health care products through its own online and retail pharmacies, today announced financial results for the first quarter ended June 30, 2015. FY 2016 First Quarter Highlights: Revenue increase during the first quarter ended June 30, 2015 was mainly due to […]
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Retail Asia23/07/2015
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E-Tailing

China Jo-Jo Drugstores Announces $3 Million Registered Direct Offering

7min
China Jo-Jo Drugstores, Inc., a leading China-based retail and wholesale distributor of pharmaceutical and health care products through its own online and retail pharmacies, today announced that it has entered into definitive agreements with a single health-care focused institutional investor to purchase an aggregate of $3 million of its common stock in a  registered direct […]
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Retail Asia17/06/2015
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E-Tailing

China Jo-Jo on-line gross sales soar

3min
China Jo-Jo Drugstores says its on-line gross sales are skyrocketing and now account for almost one in each 5 RMB of its turnover. The Nasdaq listed pharmacy says on-line gross sales soared 90 per cent yr on yr, with its personal model pharmacy on-line pharmacy gross sales doubling. Offline gross sales in conventional pharmacies grew […]
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