Lloyds Pharmacy closed all 237 branches in Sainsbury’s stores yesterday, citing changing market conditions. This drastic move is expected to put 2,000 jobs at risk in the UK.
The loss will be sorely felt by the local communities they serve. However, it isn’t just chain locations that have been forced to shut their doors in recent years. The news comes as a part of a worrying trend of community pharmacy closures.
On average pharmacies make about 80% of their income from its NHS contract with the other 20% made up of over-the-counter sales.