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Shoppers Drug Mart

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,

SDM inks medical marijuana supply pact

EDMONTON, Alberta — Shoppers Drug Mart (SDM) has expanded its access to medical marijuana products by entering into a supply agreement with Aurora Cannabis Inc. Aurora said that under the pact it will supply SDM with Aurora-branded medical cannabis products. The agreement is pending Health Canada’s approval of the pharmacy retailer’s application to be a

Shopping Drug Mart enlists medical cannabis supplier Aurora

Shopping Drug Mart enlists medical cannabis supplier Aurora

EDMONTON, Alberta — Shoppers Drug Mart has expanded its access to medical marijuana products by entering a supply agreement with Aurora Cannabis Inc. Aurora said Tuesday that under the pact it will supply Shoppers Drug Mart with Aurora-branded medical cannabis products. The agreement is pending Health Canada’s approval of the pharmacy retailer’s application to be a

Wellwise website launched by SDM

TORONTO — Canada today is populated by more citizens over the age of 65 than under the age of 15, according to Statistics Canada. This seismic shift in the country’s demographics corresponds to a cultural shift, as Canadians are no longer content to let age dictate what they can and cannot do. Senior Canadians want

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

Canadian drug chains to take hit from generic price cuts

Canadian drug chains to take hit from generic price cuts

TORONTO — Pharmacy operators across Canada will be hit hard by lower generic drug prices set to take effect this spring, said Metro Inc. chief executive officer Eric La Fleche. The pan-Canadian Pharmaceutical Alliance — which represents the provincial, territorial and federal governments — and the Canadian Generic Pharmaceutical Association announced late last month that

Shoppers Drug Mart goes live with Wellwise.ca

Shoppers Drug Mart goes live with Wellwise.ca

TORONTO — Shoppers Drug Mart has followed up the debut of its Wellwise store format catering to seniors with the launch of a dedicated e-commerce site, Wellwise.ca. Canada’s largest drug chain said Wednesday that Wellwise.ca offers a wide selection of health and wellness products plus direct-to-home delivery. Items run the gamut from low-impact fitness gear, compression

2018 Retail Forecast: Learning to Adapt

2018 Retail Forecast: Learning to Adapt

What will the second year of the Trump administration look like? Is the demise of the Affordable Care Act imminent? Will pharmacists get the greater role in health care they have long sought? These are among the questions top chain drug industry executives are pondering as they look to 2018. With spiraling health care costs and

Loblaw gives promotions to Motz, Leger

Loblaw gives promotions to Motz, Leger

TORONTO — Jeff Leger has been appointed president of Shoppers Drug Mart, succeeding Mike Motz, who has been promoted to chief operating officer of SDM parent Loblaw Cos. Leger had previously served as executive vice president of pharmacy and health care for both Loblaw and Shoppers Drug Mart stores. Prior to that, he was senior

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

Jeff Leger named Shoppers Drug Mart president

Jeff Leger named Shoppers Drug Mart president

TORONTO — Jeff Leger has been named president of Shoppers Drug Mart, succeeding Mike Motz, who has been promoted to chief operating officer of SDM parent Loblaw Cos. Loblaw confirmed Leger’s appointment on Tuesday. He previously served as executive vice president of pharmacy and health care for both Loblaw and Shoppers Drug Mart stores. Prior

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