Drugstore trade group expects accelerating expansion

With nearly 90,000 pharmacies, Brazil is expected to go through another cycle of investments in the industry after 2021. Despite all the present uncertainty over consumer spending, demand remains heated and large stock offerings in 2020 are expected to set the tone for the pace of openings and growth. Trade group Abrafarma projects a net balance of 900 new stores, the highest since 2018 and over twice the number of last year, at 400. It would bring the total to 9,200 stores and associated chains. Abrafarma represents members who generate over half of drugstore sales in the country.

Source: Valor International