Pharmacy struggles under cost pressures but new businesses keep opening

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Pharmacy struggles under cost pressures but new businesses keep opening

Jonathan
Chilton Towle
Cartoon - Rod Emmerson - Independent pharmacies

With discounters eating into profits, funding that doesn’t cover business overheads and the higher cost of doing business, it’s no wonder the closure of small, independent pharmacies is predicted. Jonathan Chilton-Towle investigates the sustainability of the sector to identify the pressure points and opportunities

Numerous pharmacy closures have been predicted ever since the opening of the first Chemist Warehouse in October 2017 and the introduction of the everg, Michael Mishriki 2021, Michael Mishriki has just opened his fifth pharmacy, Ormiston Kiwi Chemist, in a ­purpose-built medical centre in Auckland