Well invests £3.5m revamping 179 pharmacies over eight months
Well Pharmacy will spend £3.54 million revamping 179 of its 780 branches over the next eight months.
The investment includes £1.25m earmarked for improving 18 of its pharmacies across the UK, where it is “confident” of “a positive return on investment”, Well announced today (August 17).
How else will Well spend the £3.54m?
- £840,000 on 19 pharmacies that have had “minimal investment over the last few years”
- £500,000 on nine pharmacies as “a trial, where we will invest different amounts in each store and track what return on investment we get”
- £450,000 on “full top-to-bottom refits” on three pharmacies “in need of major renovations”
- £250,000 to improve “external decorations and upkeep” in 70 pharmacies
- £250,000 on improving kitchens and bathrooms in 60 pharmacies.
Well retail stores director Tracy Barton said: “It’s so important to continue investing in our physical estate, as our bricks-and-mortar pharmacies are the backbone of our business.
“With a steep increase in prescription volumes over recent years, our pharmacies need to be developed to cope with that demand,” Ms Barton added.
Watch a video of a refit completed on July 2 of the multiple’s branch in Brynmawr, Wales here.
Read what strategies the UK’s biggest pharmacy chains have adopted to ensure they survive the funding cuts.
Have you invested in your pharmacy this year?