Pharmacy chains warned landlords about falling revenue

The Russian Association of Pharmacy Chains has prepared a declaration on the need to revise the terms of the lease due to the loss of 30% of revenue. with this document . got acquainted Vedomosti

The document was signed by the management of 19 pharmacy chains, including Rigla, Neopharm, Erkapharm, Apteki Vita and others.

Landlords had the illusion that the restrictive measures had no effect on pharmaceutical retail, as it continued to work, the Erkapharm pharmacy chain explained to Vedomosti. In fact, due to the drop in traffic in the city center, pharmacies also experienced a decrease in demand and revenue, according to DSM Group analysts.

• According to the calculations of the analytical company Alpharm and the industry publication Pharmvestnik, a number of large pharmacy chains had to reduce sales points due to high rents and low traffic in shopping centers.
• A similar appeal to landlords was previously signed by retailers and restaurateurs. We told how this fight ended.