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Loblaw Cos.

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

Loblaw to boost grocery, pharmacy retail analytics access

Loblaw to boost grocery, pharmacy retail analytics access

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

Retail pharmacy loses one of its pioneers

Retail pharmacy loses one of its pioneers

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

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

Loblaw to acquire medical records company QHR

Loblaw to acquire medical records company QHR

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

Ahold USA names Iacobucci EVP of merchandising

Ahold USA names Iacobucci EVP of merchandising

CARLISLE, Pa. — Ahold USA named Andrew Iacobucci executive vice president of merchandising effective April 11. In this role, Iacobucci will focus on leading a merchandising team that supports the company and its four retail divisions, Stop & Shop New England, Stop & Shop New York Metro, Giant Landover and Giant Carlisle. Iacobucci brings an