ROBINSONS Retail Holdings, Inc. (RRHI) has opened its 900th drugstore with the latest Southstar Drug branch in Sta. Cruz, Laguna.
“With the current climate of rising health concerns among our customers, it is especially important for us now to be able to address their needs for reliable and trusted medicines. We are gaining momentum in growing our geographic footprint in line with this goal with even more store openings lined up for 2022,” said RRHI General Manager Christine O. Tueres in a disclosure on Wednesday.
The store was launched on Jan. 10 as part of Southstar Drug’s expansion into underpenetrated areas in the Luzon area.
RRHI’s drugstore banners are Southstar Drug and Rose Pharmacy, which have a combined store network of 900 stores in the country.
Rose Pharmacy was acquired in October 2020 and is currently one of the leading drugstore players in Visayas and Mindanao. RRHI also operates The Generics Pharmacy, the country’s largest chain of generic drugstores with more than 2,000 stores nationwide.
In the stock exchange on Wednesday, RRHI shares dropped to P56.90 each, which is P1.75 or 2.98% lower than the previous close. — Luisa Maria Jacinta C. Jocson
