Clicks to open up to 55 new stores despite economic headwinds

THE Clicks Group plans to open up to 55 new chain stores and an equal number of pharmacies this year as it continues on an ambitious expansion plan.

- TAWANDA KAROMBO

This move comes despite facing a challenging economic landscape marked by increased value-added tax (VAT) and ongoing geopolitical uncertainties, particularly related to the country’s trade relations with the United States.

Clicks said on Wednesday that it remained “committed to its medium-term target” of 1 200 new stores after it opened 29 new pharmacies to date in the current financial year. The chain opened its 950th store in February and extended its national pharmacy footprint to 740.

The pharmaceuical group's positive outlook is despite the looming geopolitical risks that could affect South Africa's economic performance weighed down by depressed consumer spending.

“The trading environment will remain constrained in the second half of the 2025 financial year, with consumer spending expected to be impacted by the VAT rate increase effective from 1 May 2025. In addition, ongoing global uncertainty and geopolitical risks could adversely affect the country’s macroeconomic outlook,” said the company.