'Market conditions' lead Lloydspharmacy to merge branches

The pharmacy in Weston-super-Mare will close on September 30. Credit: © 2017 Google, image capture: July 2016
The pharmacy in Weston-super-Mare will close on September 30. Credit: © 2017 Google, image capture: July 2016

Lloydspharmacy has decided to close a branch in Weston-super-Mare and merge it with another store, due to "the impact of current market conditions”, it has told C+D.

The store on Waterloo Street will be “fully closed by September 30” and will merge with the Lloydspharmacy on Whitecross Road, as part of the multiple's “ongoing portfolio management”, it told C+D yesterday (August 29).

The relocation of "two major surgeries" contributed to the merger decision, it added.

“Alternative options” for staff

The multiple is discussing “alternative options” for employment with “a very small number of colleagues” from the Waterloo Street branch, it said.

Lloydspharmacy stressed that patients affected by the closure would continue to be served by the branch on Whitecross Road.

“We hope that by consolidating the two pharmacies we will be able to offer our customers a greater level of service,” it added.

The multiple did not comment on whether any further closures are anticipated.

In June, Lloydspharmacy’s parent company blamed the category M clawback and funding cuts in England for its "significant" drop in earnings.

11 Comments
Question: 
Have you experienced a pharmacy merger?

Stephen Eggleston, Community pharmacist

No business can sustain loss-makers. Doesn't matter if it's Lloyds, Boots or an AIM member - some consolidation is likely.

Rather than carping about the outcome, concetrate on the causes - GP surgery move? Reduced remuneration! etc etc

Locum Pharmacist, Locum pharmacist

Why not sell the pharmacy if you are struggling and give someone else a chance to run it? Lloydspharmacy clearly can't afford the staff since they are discussing "alternative options" for their employees following the merge but seem intent on holding onto customers with their dying breath. They won't be satisfied till they run community pharmacy into the ground. What fool allowed them to buy sainsburys pharmacies with the state their pharmacies are in?

Honest Pharmacist, Community pharmacist

I don't know but I wish to god that they hadn't. What a mess they are making, they're actually pushing people to breaking point and they don't care at all. Lloyds are a living nightmare for all involved - that is unless you are a non-pharmacist manager or part of their 'senior management'. It just goes to show that some people don't have a caring bone in their body, and only think about themselves.

Bob Wilson, Manager

Badly run business by bad management is the reason for the closures, nothing else. Remove the weak links and boom business turnaround. 

Sue Per, Locum pharmacist

The title needs to be rephrased to read..... With a monoply, a perfect chance for Lloyds to off load an onerous lease coupled with the saving on Pharmacists costs, and heaping extra work on the employees of the only "Sweat Shop" Pharmacy remaining.With all the savings shared as bonus by the management!!!

Chris Locum, Locum pharmacist

This will be repeated elsewhere if there is any overlap with any company with a few branches. The government wanted competition and introduced 100 hour pharmacies. They got some level of competition by diluting work among more pharmacies but forgetting the fact they were footing the bill.  So the axe got wielded to remove money from the global sum while the national debt is somewhere between 1.7 to 2 trillion. No change to politician gravy train. Mctablet processing sweatshops and unemployment  heading your way

S Morein, Pharmacy Area manager/ Operations Manager

Exactly. This is only one example of the many exploitations caused by contract limitation none of which are in the patients (or tax payers) interests. There are zero risks to this contractor in closing the branch. Only extra profit to be generated whilst the poor tax paying public have to put up with whatever minimum level of service that is subsequently delivered. So much for the much vaunted "pharmacy network". So much for contractors claims that so-called cuts will make it harder for the elderly and less able to access pharmacy. If that was true no other contractor would open in the closing location but contract limitation removes that opportunity stagnating services. The DH needs to wake up and realise how contract limitation is achieving the poorest service for the highest cost whilst simultaneously delivering outrageous profits to so many contractors.

Dave Downham, Manager

Err...doesn't this prove the point that the real and undeniable cuts have lead to making it harder for the elderly and less able to access pharmacy? You're right that the first, second and third reasons for closing the branches is to decrease losses/increase profits, but this is precisely what DH want - less pharmacies and sod the population who use them.

Ilove Pharmacy, Non Pharmacist Branch Manager

So it's not about patient safety. lmao.

Anonymous Anonymous, Information Technology

And so it begins...

Fire Walker, Community pharmacist

The trickle will soon become a flood, there will be a lot of consolidation of premises in the future........

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