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Galen Weston

Loblaw’s president Davis to assume more responsibilities

Loblaw’s president Davis to assume more responsibilities

BRAMPTON, Ontario —  Loblaw Cos. announced that Sarah Davis will assume expanded responsibilities in her role as president. In addition to day-to-day oversight of Loblaw’s business performance, she adds full responsibility for the company’s 13-member Management Board, and expands her direct-reporting lines with the addition of finance and human resources. Davis continues to report to

Loblaw reports solid results for first quarter

Loblaw reports solid results for first quarter

BRAMPTON, Ontario — Loblaw Cos. announced its unaudited financial results for the first quarter ended March 24, 2018. “In the face of external headwinds, we delivered solid results, increased dividends, continued share buybacks, and invested in our digital future,” said Galen Weston, chairman and chief executive officer, Loblaw Companies Limited. “As the retail landscape changes,

Shoppers Drug Mart has strong fiscal 2017 finish

Shoppers Drug Mart has strong fiscal 2017 finish

BRAMPTON, Ontario — Shoppers Drug Mart outperformed overall retail sales growth for parent Loblaw Cos. in the 2017 fourth quarter and fiscal year. Loblaw said Thursday that for the fourth quarter ended Dec. 30, Shoppers Drug Mart posted revenue of $3.17 billion (Canadian), up 3.8% from $3.06 billion a year earlier. Pharmacy sales totaled $1.42

SDM gears up to sell medical marijuana

TORONTO — Canada’s largest retail pharmacy, Shoppers Drug Mart (SDM), is set to become a licensed dispenser of medical marijuana, pending approval from Health Canada, the Canadian government’s department of public health. In anticipation of that approval, medical marijuana producer MedReleaf recently said it has signed an agreement with SDM to become a medical cannabis

Shoppers Drug Mart set to dispense medicinal cannabis

Shoppers Drug Mart set to dispense medicinal cannabis

TORONTO — Shoppers Drug Mart is set to become a licensed dispenser of medicinal cannabis, pending approval from Health Canada, the Canadian government’s department of public health. Medical marijuana producer MedReleaf said yesterday it has signed an agreement with Shoppers Drug Mart to become a medical cannabis supplier to the chain. The announcement comes on

Loblaw, SDM to combine loyalty programs

TORONTO — Next year, Lob­law Cos. plans to roll out a unified customer loyalty program that joins together the Shoppers Optimum and PC Plus plans of its Shoppers Drug Mart (SDM) and supermarket chains. Called PC Optimum, the combined loyalty program will allow members to earn and redeem loyalty points across Loblaw’s network of nearly

Sales edge in up 3Q at Shoppers Drug Mart

Sales edge in up 3Q at Shoppers Drug Mart

BRAMPTON, Ontario — Led by the pharmacy, Shoppers Drug Mart saw sales climb as parent Loblaw Cos. reported financial results for the 2017 third quarter. Loblaw said Wednesday that for the 16 weeks ended Oct. 7, Shoppers Drug Mart totaled revenue of $3.751 billion (Canadian), up 3.8% from $3.613 billion a year earlier. Pharmacy sales

Loblaw Cos. shifts to single loyalty program

Loblaw Cos. shifts to single loyalty program

TORONTO — Next year, Loblaw Cos. plans to launch a unified customer loyalty program that joins the Shoppers Optimum and PC Plus plans of its Shoppers Drug Mart and supermarket chains. Called PC Optimum, the combined loyalty program will enable members to earn and redeem loyalty points across Loblaw’s network of nearly 2,500 grocery and

Shoppers Drug Mart sees 1Q sales uptick

Shoppers Drug Mart sees 1Q sales uptick

BRAMPTON, Ontario — Shoppers Drug Mart turned in narrow revenue and same-store sales gains for the 2017 first quarter. Parent Loblaw Cos. said Wednesday that for the 12-week first quarter ended March 25, Shoppers Drug Mart totaled revenue of $2.773 billion (Canadian), up 0.3% from $2.764 billion a year earlier. Front-of-store sales declined 1.4% to

Loblaw: More fresh food for Shoppers Drug Mart

Loblaw: More fresh food for Shoppers Drug Mart

BRAMPTON, Ontario — Loblaw Cos. plans a spate of retail store enhancements, including at its Shoppers Drug Mart chain, as part of a $1.3 billion capital investment. Canada’s largest food and drug retailer said the investment will expand and improve its store network, including properties owned and operated by its Choice Properties REIT. Plans call

Shoppers Drug Mart closes year with sales gains

Shoppers Drug Mart closes year with sales gains

BRAMPTON, Ontario — Sales at Shoppers Drug Mart edged up for the fiscal 2016 fourth quarter and year, with front-end business hoisting comparable-store results. Parent Loblaw Companies Ltd., Canada’s largest food and drug retailer, said Thursday that for the fourth quarter ended Dec. 31, Shopper Drug Mart’s sales totaled $3.056 billion (Canadian), up 2.7% from

SDM seeks approval to sell medical marijuana

TORONTO — Shoppers Drug Mart (SDM) has formally applied to dispense medical ­marijuana. The chain plans only to distribute the drug with a prescription, not produce it. “As we have indicated in the past we believe that allowing medical marijuana to be dispensed through pharmacy would increase access, safety, quality and security for the thousands

Loblaw unveils retail capital spending plan

Loblaw unveils retail capital spending plan

BRAMPTON, Ontario — This year, Loblaw Cos. plans to invest about $1 billion into its Canadian retail business. Loblaw said Tuesday that it aims to open 50 new stores and complete 150 store remodels. The capital budget also includes e-commerce expansion plus IT infrastructure and supply chain projects. Plans also call for the company’s Choice