Costcutter has struck a deal with pharmacy operator Numark to roll out combined pharmacy and convenience stores.
The first store opens today (Saturday, April 17) in Hightown, Liverpool, offering a range of convenience goods, prescription medicines and over-the-counter remedies. Angela Barber, Costcutter trading and marketing director, said: “This is the first of many joint developments as we explore opportunities to develop business within communities. Several new sites are being surveyed, and others are at a more advanced stage.”
The companies are believed to be considering at least 20 sites for the joint venture. The stores, which will have new fascia, logos and instore design, will be branded Numark + Costcutter, Good Advice Great Price. Numark’s head of retail, Pete O’Shaughnessy, said: “We believe we can provide a fantastic service. We have launched a new brand and strong imagery and with our combined experience in different sectors we feel that we can make a positive impact.”
The deal comes ahead of the deregulation of pharmacy licences under review by the Office of Fair Trading, which many industry professionals believe will result in the major multiples taking a sizeable share of the market.
Ronan Hegarty