Street talk confirms CW tendering out wholesale business, page-28

No you are getting turnover and profit confused. I could show you Priceline pharmacies making very little profit as easy as I could an independent pharmacy. Many shopping centre pharmacies are marginal atm. You must remember that Api doesn’t own Priceline pharmacies nor does Sigma own amcal or dds pharmacies. They own the banner but not the individual business and imo this often creates a disconnect between the benefit of the banner owner and it’s obligations to its shareholders, against the benefit of the franchisee. It’s great to see rising turnover reported from the wholesalers reports but often these sales increase are from
Highly competitive catalogue specials/seasonal discounts/price matching policies that often don’t reflect the cost structure of the individual pharmacy, hence what you see walking into a busy pharmacy may not be indicative of a healthy bottom line.