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
BRAMPTON, Ontario — Shoppers Drug Mart is launching HealthWatch for Business, a new prescription drug plan for Canadian employers that integrates with their current health coverage. Parent Loblaw Cos. said Tuesday that HealthWatch for Business can save employers and their employees 5% to 10% on their prescription plan through better management of drug spending. HealthWatch
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
TORONTO — Loblaw Cos./Shoppers Drug Mart (SDM), Canada’s largest food and drug retailer, has rejoined the Neighbourhood Pharmacy Association of Canada. The company’s return “is an important recognition of the benefits of association membership, our strategic plan and the work under way to innovate the pharmacy reimbursement model with emphasis on patient health outcomes,” stated
TORONTO — Loblaw Cos., which as Canada’s largest food and drug retailer operates the Shoppers Drug Mart and Loblaw chains, is rejoining the Neighbourhood Pharmacy Association of Canada, the nation’s retail pharmacy trade group. Neighbourhood Pharmacies said Friday that Loblaw/Shoppers Drug Mart is returning to the association’s membership in time for one of the group’s
TORONTO — With his father, W. Galen Weston, stepping down as executive chairman of George Weston Ltd., Galen Weston, current president of Loblaw Cos., has been named to take his place as executive chairman of the food conglomerate, which owns a majority stake in Loblaw. In assuming his new role as executive chairman, the younger
BRAMPTON, Ontario — Loblaw Cos. plans to buy health care technology company QHR, the provider of Canada’s leading electronic medical records (EMR) platform, in a $170 million deal. Loblaw said Monday that QHR is slated to operate as business within the Shoppers Drug Mart division. Plans call for QHR to retain its current management team,
MONTREAL — McKesson Canada is making a $25,000 donation to the Canadian Red Cross through the McKesson Foundation to aid victims of the wildfires in northern Alberta. The pharmacy retailer and distributor said this week that the McKesson Foundation also will match employee donations to wildfire relief efforts, up to a maximum of $2,500 per
BRAMPTON, Ontario — Loblaw Cos. has committed $300,000 to help support relief efforts for the massive wildfire in Fort McMurray, Alberta. The Canadian food and drug retailer said late Thursday that it’s providing cash donations and provisions of essential food and health supplies. In addition, in less than 24 hours, customers in stores across the
CARLISLE, Pa. — Ahold USA has hired Andrew Iacobucci as executive vice president of merchandising. With the appointment, Iacobucci will lead a team supporting the food and drug retailer’s four retail divisions — Stop & Shop New England, Stop & Shop New York Metro, Giant Landover and Giant Carlisle, which collectively operate 790 supermarkets in
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
TORONTO — Shoppers Drug Mart and parent Loblaw Cos. gathered 620 tons of expired prescription drugs and over-the-counter medicine in their third National Medicine Take-Back Campaign. The Canadian food and drug chains said Thursday that the 2015 campaign, which ran from July to December and was done in tandem with the Partnership for a Drug-Free Canada,
McKesson Corp.’s agreement to acquire Rexall Health from Katz Group is notable in several respects. The transaction alters the balance of power in the Canadian pharmacy market. In addition, it offers confirmation, if any were needed, of the relentless drive among major players in the sector to increase their scale and, in the process,
BRAMPTON, Ontario — Shoppers Drug Mart saw revenue and comparable-store sales climb for the 2015 fourth quarter and fiscal year. Parent Loblaw Cos. said Thursday that for the fourth quarter ended Jan. 2, 2016, sales at Shoppers Drug Mart rose 4.8% to $2.975 billion (Canadian) from $2.839 billion a year earlier, excluding the 13th week
