Tue, 28 Sep 2021

Seven of the 54 Clicks stores that were looted and vandalised during the recent unrest had been able to open by Thursday, the pharmaceutical retailer said on Friday.

A total of 54 stores - 6% of the group's store base - were struck by looters, but at the peak of the unrest, 339 Clicks stores and 26 Body Shop stores had to be closed as a precautionary measure.

Of the 47 stores that still remain closed, 38 have pharmacies.

The unrest impacted the Covid-19 vaccination programme, with 127 of Clicks' 280 vaccination sites being forced to close last week. Currently, 15 still remain closed.

The Clicks and United Pharmaceutical Distributors (UPD) distribution centres in KwaZulu-Natal were both looted and damaged, and to ensures supplies of medicines to customers in KwaZulu-Natal, business continuity plans had to be rolled out via Clicks distribution centres in Centurion and Cape Town, as well as UPD facilities in other parts of the country.

Due to the disruption to road transport networks, medicines were flown from Johannesburg to Durban to supply the hospital groups across KwaZulu-Natal.

Clicks said management expects the damaged UPD distribution centre to be operational by Monday, 26 July 202, while the Clicks distribution centre, which sustained minor fire damage, is expected to be operational in the first week of August 2021.

The group said it has adequate South African Special Risks Insurance Association (Sasria) and general insurance cover for material damage to assets, stock and business interruption. For now, it does not expect to incur major material costs.

"It is too early to quantify the damages or the loss of sales due to store closures," it said.

Clicks said it has adequate cash and borrowing facilities available to manage liquidity requirements during the recovery and rebuilding phase.

Source: News24

Sign up for Calcutta News

a daily newsletter full of things to discuss over drinks.and the great thing is that it's on the house!