BRAMPTON, Ontario — Loblaw Cos. reported revenue of $12.76 billion (all figures Canadian) for the fourth quarter of fiscal 2021. This represented an increase of 2.8% (adjusted) when compared to the fourth quarter of 2020. Retail segment sales were $12.49 billion, up 2.6% when compared to the fourth quarter of 2020. Food retail (Loblaw) same-store sales increased by 1.1%,
TORONTO – W. Galen Weston, former executive chairman of George Weston Ltd., the parent company of Loblaw Cos., Primar and Selfridges Group, has died at 80. Weston died “peacefully at home after a long illness faced with courage and dignity,” the Weston family said in a statement announcing the death, on April 12. “In our
VANCOUVER, British Columbia — Smile Club has announced an agreement with Loblaw Cos. distribute the Grush Smart Toothbrush and Brushlink attached smart devices for manual toothbrushes on Loblaws’ new PC Health app. Loblaw is one of Canada’s largest grocery and pharmacy chains. Among other services and products offered, the PC Health app enables consumers to
BRAMPTON, Ontario — Loblaw Cos. posted strong sales gains for its fiscal second quarter, as COVID-19 boosted consumer demand. But spending on safety measures related to the pandemic hurt earnings, the company said Thursday. “Loblaw delivered strong operational performance, as both our base business and strategic growth pillars performed well amidst the extraordinary conditions brought
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
BRAMPTON, Ontario — Loblaw Cos. has opened up the PC Insiders subscription program to all 16 million PC Optimum loyalty members. The program originally launched last year as a small invitation-only offer of exclusive rewards and e-commerce benefits for select PC Optimum members who were also PC Financial Mastercard cardholders. For an annual or monthly subscription
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,
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
PLANO, Texas — Loblaw Cos. has tapped Alliance Data Systems Corp. subsidiary Precima to help sharpen its grocery and pharmacy analytics. Under a new long-term agreement, Precima will work with Loblaw to develop a single-access retail analytics portal to provide customer, marketing and merchandising insights for grocery and pharmacy retail, Alliance Data said Tuesday. The
With the death of Murray Koffler at the age of 93 earlier this month, one of the master builders of retail pharmacy passed from the scene. Beginning with two independent drug stores in Toronto that he inherited from his father, Koffler created Shoppers Drug Mart, long the dominant pharmacy chain in Canada — now with
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
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
TORONTO — Loblaw Cos. is making investments in digital and e-commerce services with savings it plans to net from terminating 500 jobs, though the company did not speculate on how much it would save. The cuts, which the Canadian food and drug retailer announced last month, will affect employees within the executive and management ranks,
BRAMPTON, Ontario — Loblaw Cos. has agreed to acquire Canadian health care technology company QHR for $170 million. QHR is a leader in the electronic medical records (EMR) market, providing software for health care providers and patients. Loblaw will buy QHR’s outstanding common shares for $3.10 in cash per share, a 29% premium to the
