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Wellness booms and so does the share price of pharmaceutical retailers

Inside Retail

Wellness has become a priority for people in the wake of the pandemic as evidenced by the surge in demand for health and well-being products, which is projected to reach $5.2 trillion in managed assets. billion by 2030. Chemist Warehouse recently opened its first Irish superstore earlier this month.

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API rejects “opportunistic” $687m Wesfarmers bid

Inside Retail

The board said the bid’s timing was “opportunistic”, given the impact Covid-19 has had on its retail division, and that it is well placed to bounce back from any short-term struggles with substantial growth expected in the medium-term due to its place within the health, wellness and beauty sectors. “[We]

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Walgreens to Host Virtual Supplier Diversity Summit

Retail TouchPoints

Walgreens will use the Summit to increase sourcing from suppliers that are at least 51% owned, operated and managed by people who are disadvantaged, disabled, military veterans, LGBTQ+, minorities and/or women.

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This week in property news

Inside Retail

As an integrated dining and entertainment destination, there will always be something new for Sydneysiders to discover at Ed.Square Town Centre,” said Felicity Armstrong, general manager of retail assets at Frasers Property Australia. Ed.Square Town Centre is scheduled for completion mid-2021.

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The Emerson Group announces personnel moves

Mass Relators

“Our goal is to provide a focused and cohesive effort on aligning our trade plans across the channel with more than 20,000 independent drug retailers,” said the company. Lastly, Anna Marie La Venia has been appointed General Manager of the Emerson Group’s Consumer Care Center.