Civil unrest hit Clicks hard with 54 stores looted
Listed pharmacy retailer Clicks on Friday detailed the losses it suffered in last week’s looting spree that engulfed Gauteng and Kwazulu-natal.
The company in a note to investors said the civil unrest and destruction in the two provinces had impacted the group’s stores, pharmacies and distribution centres while also limiting the provision of essential healthcare services.
The group said at the peak of the violence on Tuesday last week, 339 Clicks and 26 The Body Shop stores were closed as a precautionary measure. A total of 54 of Clicks’ stores were looted and vandalised, representing 6% of the group’s store base. As of Wednesday, only seven of these stores had reopened.