A giant pharmacy store will break 10,000

In 3 years, the number of ordinary people's stores exceeded 10,000

Recently, People's Pharmacy issued an announcement stating that the company's application for non-public issuance of A shares has been approved

Through this fundraising project, ordinary people are preparing to build a total of 1,680 chain pharmacies in 15 provinces and cities within 3 years, as shown in the figure below

From March 3, 2021 to April 1, 2021, the common people’s pharmacy has signed formal lease contracts for 72 of them, and the number of signed lease contracts is in line with the construction plan for the first year as a whole

It is worth noting that this is not the first time people have raised money to open a shop

In 2020, the common people's pharmacy told the media that in the next three years, the company will maintain a growth rate of about 2,000 new stores each year, including directly-operated stores, franchised stores, and mergers and acquisitions stores

In fact, at present, the growth rate of the stores of ordinary people's pharmacies is consistent with their judgment

During the period from 2018 to 2020, the number of new stores in common people's pharmacies exceeded 1,000, with a growth rate of 25%-45%, in a state of steady growth

Based on the above data, it can be estimated that there is no doubt that the total number of large pharmacies for the people will exceed 10,000 in the next three years

The increase in the number of stores is also forcing the improvement of store operating capabilities

The chain of pharmacies deepens, and thousands of stores will become a new trend

With the implementation of China’s "Healthy China" strategy, the pharmaceutical retail industry is being pressed by relevant policies, which puts a huge test on the operation and management capabilities of retail pharmacies.

In this environment, the number of terminal retail pharmacies has decreased, but the chain rate has increased significantly, and the industry concentration has increased.

According to the calculation of "China Pharmacy", as of the end of 2020, the number of domestic pharmacies has increased to 546,000, a year-on-year increase of 4.

For retail chain pharmacies, accelerating the speed of opening stores is an important way to increase the chain rate and occupy the market, because each chain pharmacy giant is constantly strengthening the control of offline pharmacies and the flow of people around them.

In order to cope with more fierce competition, in addition to ordinary pharmacies, many giants have announced their own "Ten Thousand Stores Plan

Recently, Zhao Xiaochuan, chairman of Sinopharm Holding Guoda Pharmacy Co.

In May of this year, Jointown Vice Chairman Liu Zhaonian stated at the 2020 annual shareholders meeting that the company will continue to strengthen its pharmaceutical retail network layout and attract more single drug stores and small and medium-sized chain stores through the Wandian alliance model.