Chemist Warehouse

Chemist Warehouse Group
Chemist Warehouse
Native name
 Chemist Warehouse Group
Private
Industry Pharmacy
Founded 2000
Founder Jack Gance
Sam and Lydia Gance
Verrocchi families
Headquarters Melbourne
Area served
 Australia, New Zealand
Key people
 Damien Gance
Products Pharmacy, health products, supplements, perfume, personal care, baby products, weight loss, cosmetics
Brands Chemist Warehouse
Chemist Warehouse New Zealand
My Chemist
My Beauty Spot
Services Pharmacy, medicine, perfume, health products, baby products
Number of employees
 8000
Website www.chemistwarehouse.com.au

Chemist Warehouse (or Chemist Warehouse Group) is an Australian company operating a chain of retail pharmacies. The company is Australia's largest pharmacy retailer and employs over 8,000 staff. The company brands itself as offering discounted prices for pharmaceutical goods.[1][2]

Model

The company has been dubbed "the McDonald's of pharmacy" and uses a complex franchise structure to circumvent Australian regulations that limit how many pharmacies a company can operate in any one area.[3] The company's structure allows it to "control" about 300 pharmacies across Australia, and it makes up about 20 percent of the market share. The business model used by Chemist Warehouse is thought to involve minimal equity investment by individual pharmacists who agree to the trading terms enforced across the group. Individual pharmacists working under the Chemist Warehouse umbrella benefit from the bulk purchasing power that comes with being part of the company.[4]

The company had an estimated revenue of $2.3 billion in 2013-14.[5]

The 2013 Inside Retail Magazine Top 50 Most Powerful Retailers list placed Sam Gance of Chemist Warehouse at number 16.[6]

Radio

The company has ventured into radio, creating the Chemist Warehouse Remix through the Pure Gold Network. The radio was publicised as a 'custom built station' for Chemist Warehouse. It is not limited to stores but can be heard via the web, or with a smartphone app.[7]

Critics

The Pharmacy Guild and pharmacists' union have criticised the company, stating its approach threatens both healthcare standards and employment conditions in the industry.[3]

References

  1. ↑ "Australia's Cheapest Online Pharmacy". www.chemistwarehouse.com.au.
  2. ↑ "The rise (and rise) of Chemist Warehouse". Roy Morgan.
  3. 1 2 "It's the Bunnings of pharmacy: How Chemist Warehouse made a motza". www.news.com.au.
  4. ↑ "Chemist Warehouse and the hypocrisy of government rules". www.afr.com. 7 January 2016.
  5. ↑ Jones, Kate (19 March 2014). "Killing off the chemist" – via The Sydney Morning Herald.
  6. ↑ "50 most powerful retailers". www.insideretail.com.au. 15 January 2014.
  7. ↑ "Has Chemist Warehouse got the Mix right? - Truly Deeply - Brand Agency Melbourne". www.trulydeeply.com.au. 14 July 2011.
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