Andrea Perez-Sobers
Senior Reporter
andrea.perez-sobers@guardian.co.tt
Pharmacy and convenience chain SuperPharm has made a strategic entry into the St. Augustine landscape, opening the doors of its tenth location yesterday to its new customers.
In an interview with the Sunday Business Guardian, SuperPharm’s business development manager, Jean-Luc Mouttet said the pharmacy chain chooses locations within prime locations across the nation.
“If you look at a map of Trinidad today, you will notice that we are located in ten hubs across the country. So much so, we often say that wherever you go, there is always a SuperPharm - or two - on the way there! St Augustine easily fits this requirement. A bustling town of major corporate and small businesses, medical institutions, every type of residence, schools and the University of the West Indies with whom we seek to partner in the future. This was in our sights for quite a long time...and we have finally landed,” Mouttet said.
The newest SuperPharm is located on the corner of Austin St and the Eastern Main Road in St Augustine, across the road from the St. Augustine Private Hospital. It has 26 parking spots.
Asked about SuperPharm’s expectation of performance at this new location, Mouttet said looking at the caliber of businesses in this area it is a worthwhile investment.
Mouttet noted that the franchise always wanted a store in St Augustine but was waiting on the best location possible.
“We have tailored our hours of operation, opening earlier at 7 am to cater for the St Augustine customer: hot pies and coffee for people on early commute to work, on-the-go meals for students studying late, busy customers who need to pick up health and convenience items quickly...the list is endless. All our target demographics reside right here. “We are already pursuing strong relationships with the institutions in the area to give back as well.” he explained.
In terms of construction, the St. Augustine branch took five months to build. Asked how much the land and building cost, Mouttet said he preferred not to disclose the figure for competitive reasons, but stated it was a substantial investment.
Crime
As it pertains to the crime situation that is plaguing the country, Mouttet indicated discussions are continuous with its security service provider to ensure heightened presence and strengthened security measures at all stores including a rapid response armed security team.
“CCTV cameras are installed at all stores nationwide to ensure central monitoring and in-store; car park areas are always properly lit; we also provide a shuttle for staff. Security remains a priority to ensure the safety of staff and customers as far as we possibly can.
“Further, SuperPharm has always maintained a great relationship with the police service and there are patrols around our stores at all hours. This may be one of the reasons the capture of criminals in recent times occurred so swiftly,” Mouttet highlighted.
Expansion
Questioned on what other locations the pharmacy chain is expected to open up at, Mouttet said while he could not indicate where to next, he said finding opportunities to bring health and convenience to its consumers is in SuperPharm’s DNA and management is always looking for opportunities to expand.
Growth
Also giving insight into the expansion of Superpharm was its chief executive officer Glenn Maharaj, who said the establishment began in 2005 at Westmoorings and it now has ten locations including St. Augustine.
“We have opened ten SuperPharm and two Presto stores within 18 years. We are one of the leading pharmacy and convenience chains in Trinidad having reimagined ‘convenience.’
“Our product mix is always evolving to include unique and trending items so that customers are always coming in to find out what new, exclusive items are on the shelf, some of which they would have seen on social media. This has ensured continuous growth in our stores,” Maharaj revealed.
Asked how the US-style pharmacy performed revenue-wise in 2023 amid the various challenges, the CEO said it has seen significant increases in prices from both its local and international suppliers during and post-COVID-19 period.
“This is consistent with global trends. We always seek measures to ensure that costs are not fully passed on to our customers. And to remain the industry leader, you must innovate to keep adding value that incentivises return customers. We continue to do robust seasonal and value campaigns that generate interest and strong sales.”
Cost of items
The costs of many items in SuperPharm tend to be higher than other pharmacies. In explaining this, Maharaj said the establishment’s prices remain very competitive in the market.
“Added to our Seniors’ Tuesday ten-per-cent-off programme, they are one of the best prices in the market. And again, we continue to explore ways of adding value to our customers via different initiatives.
“Currently, we have partnered with Medical Associates, a well-recognised health institution, to offer doctor consultations for just $100 at our Diego Martin, Valsayn, and Gulf View stores. We also offer one of the most affordable prices for the important shingles vaccine at $1,100 - inclusive of the doctor’s cost to administer. This has taken accessibility to critical healthcare to a whole new level. Parents are bringing in their children, elderly people are coming in for visits that could have been prohibitive before,” he disclosed.
Furthermore, the CEO said surveys always reveal that its customers’ loyalty is based, not just on the expert care, but the authenticity of products.
“Fake drugs would never be an issue for us. Every single pharmaceutical is rigorously checked and authenticated before reaching our shelves to ensure they do what they should. As I said, when you get something at a SuperPharm, you should know and trust that it is of the highest quality. We operate at the highest international standards and are recognised for that, on which we will never compromise,” Maharaj remarked.
Labour shortage
He said while the labour shortage in the retail industry is always a challenge, Maharaj noted that the pharmacy chain makes it a priority to invest in its people and in their career advancement.
“The manager at our new St Augustine store has been with us for some 15 years. We have also brokered a long-standing fruitful relationship with the UWI Pharmacy School and graduates are eager to join the SuperPharm chain. So many have stayed on with us for over 15 years! Members of our customer service teams too, have sometimes served with us since we started. SuperPharm has a history of offering growth opportunities - you can be a cashier today and grow to become store manager,which is attractive to many when seeking employment,” the CEO added.
Agostini Group, which is a company that is listed on the local stock market, fully acquired SuperPharm from private owners in 2010.