TORONTO — Loblaw Cos. will shutter 52 underperforming stores, including Shoppers Drug Mart units, over the next year, giving up revenue to boost its bottom line. Canada’s No. 1 grocer said the closing of the outlets — which also include supermarkets, stand-alone Joe Fresh clothing outlets and gas stations — is expected to cut its
BRAMPTON, Ontario — Shoppers Drug Mart saw revenue and same-store sales climb in the fiscal 2015 second quarter at parent Loblaw Cos. Loblaw said Thursday that for the 12 weeks ended June 20, Shoppers Drug Mart’s sales totaled $2.689 billion, up 3.1% from $2.476 billion a year earlier. In the front end, sales rose 3.2%
BRAMPTON, ONTARIO — Shoppers Drug Mart saw same-store sales rise in the fiscal 2015 first quarter, posting year-over-year gains in both the front end and the pharmacy. Parent Loblaw Companies Ltd. said that for the first quarter ended March 28, comparable-store sales at the drug chain climbed 3.1% overall, reflecting increases of 2.7% in the
BRAMPTON, Ontario — Loblaw Cos., the parent of Canada’s largest supermarket and pharmacy chains, including Shoppers Drug Mart, plans to invest more than $1.2 billion (Canadian) in its business in 2015. The money will fund new stores and renovations, as well as an expansion of Loblaw’s e-commerce capabilities and improvements to supply chain and information
BRAMPTON, Ontario — Loblaw Cos., Canada’s largest food and drug retailer, plans to invest more than $1.2 billion into its Canadian business this year. Loblaw said Monday that the 2015 investment includes construction projects for dozens of new and current stores, e-commerce expansion, and continued investment in supply chain and IT infrastructure. The plan also
BRAMPTON, Ontario — Shoppers Drug Mart is getting a new president as a result of a management shakeup at parent Loblaw Companies Ltd. Domenic Pilla, who joined Shoppers Drug Mart as president and chief executive officer in November 2011 from McKesson Canada, plans to leave the company by the end of the year, Loblaw said
