China Jo-Jo Drugstores Opens More Retail Pharmacies

China Jo-Jo Drugstores Inc. announced additional store openings in Hangzhou, increasing Jo-Jo Drugstores' total store count to 45 locations.

The company, which is based in the province of Zhejiang, also said it plans to open four additional locations by October 2010.

Since March 31, 2010, the company has opened 20 stores in Zhejiang, including three acquired from existing drugstore operators and 17 opened directly by the company bringing the total to 45 locations. Of these 20 stores, 17 are located in and around Hangzhou where the company is based, and three are in Quzhou, a small city in southwestern Zhejiang with a population of only 2.4 million.

Four locations are scheduled to open in Hangzhou between September 2010 and October 2010. Including the stores scheduled to be opened, the average square foot size for the 49 locations will be approximately 255 square meters.