Content about Economy of Canada

March 21, 2014

Loblaw and Shoppers Drug Mart have announced that the Competition Bureau has approved Loblaw's acquisition of Shoppers Drug Mart, and the acquisition is expected to close March 28.

BRAMPTON AND TORONTO, Ontario — Loblaw and Shoppers Drug Mart have announced that the Competition Bureau has approved Loblaw's acquisition of Shoppers Drug Mart, and the acquisition is expected to close March 28.

March 21, 2014

To help children achieve healthy smiles and avoid missing school days, Colgate has teamed up with Champions for Kids and Walmart for the Simple Giving campaign. As part of this partnership, Colgate has committed to donating $100,000 worth of oral care products to school districts across the Midwest during the 2014 school year.

NEW YORK — To help children achieve healthy smiles and avoid missing school days, Colgate has teamed up with Champions for Kids and Walmart for the Simple Giving campaign. As part of this partnership, Colgate has committed to donating $100,000 worth of oral care products to school districts across the Midwest during the 2014 school year.

February 10, 2014

Loblaw Cos. has reportedly pulled the plug on its Nutshell health and wellness store concept as it shifts its focus to the purchase of Shoppers Drug Mart, according to a local news report.

BRAMPTON, Ontario — Loblaw Cos. has reportedly pulled the plug on its Nutshell health and wellness store concept as it shifts its focus to the purchase of Shoppers Drug Mart, according to a local news report.

According to CBC News, the Canadian grocer was looking to open its first pilot store in Toronto, but has delayed the planned fall opening.

February 6, 2014

Canadian pharmacy retailer Shoppers Drug Mart posted an increase in fourth-quarter sales driven by gains at the front end and strength in prescription count growth.

TORONTO — Canadian pharmacy retailer Shoppers Drug Mart posted an increase in fourth-quarter sales driven by gains at the front end and strength in prescription count growth. The company also noted that it is gearing up for an expansion of its enhanced beautyBOUTIQUE during 2014.

Sales for the quarter were Canadian $2.75 billion, an increase of 0.9% compared with the year-ago period. Same-store sales increased 1.2% during the quarter.

January 31, 2014

Bad weather and a reduction in food stamps led to weaker-than-expected sales at Walmart and Sam’s Club, which — combined with greater than expected international expense — prompted an uncharacteristic preannouncement from the company that fourth quarter profits would be worse than expected.

BENTONVILLE, Ark. — Bad weather and a reduction in food stamps led to weaker-than-expected sales at Walmart and Sam’s Club, which — combined with greater than expected international expense — prompted an uncharacteristic preannouncement from the company that fourth quarter profits would be worse than expected.

January 29, 2014

Target plans to carry on its Canadian expansion this year with nine additional stores, the majority of which will open in Ontario, although the retailer plans to open single stores in Quebec, Manitoba, Alberta and British Columbia.

MISSISSAUGA, ONTARIO — Target plans to carry on its Canadian expansion this year with nine additional stores, the majority of which will open in Ontario, although the retailer plans to open single stores in Quebec, Manitoba, Alberta and British Columbia.

 

 

January 9, 2014

The Jean Coutu Group posted a boost in third-quarter net profits as revenues decreased largely because of the growth in generic drug prescriptions.

LONGUEIL, Quebec — The Jean Coutu Group posted a boost in third-quarter net profits as revenues decreased largely because of the growth in generic drug prescriptions.

December 2, 2013

Canada's Jean Coutu Group is helping to bolster holiday sales with the launch of its "e-store window" inside the Longueuil Metro Station. Commuters will be able to shop a wall of deals using their smartphones with delivery before Dec. 24.

It's not really an example of thinking outside the box, as much as it's eliminating the concept of a box altogether. It's an extension of the Jean Coutu brand name into a space typically associated with billboard-style advertising, only stoppers-by can shop the space as easily as they do in the store or online.

Canada's Jean Coutu Group is helping to bolster holiday sales with the launch of its "e-store window" inside the Longueuil Metro Station. Commuters will be able to shop a wall of deals using their smartphones with delivery before Dec. 24. 

November 26, 2013

The Jean Coutu Group is looking to bolster holiday sales and make shopping even easier this holiday season with the launch of an e-store window inside the Longueuil Metro Station.

LONGUEUIL, Quebec — The Jean Coutu Group is looking to bolster holiday sales and make shopping even easier this holiday season with the launch of an e-store window inside the Longueuil Metro Station.

November 25, 2013

The former COO of Canadian grocery chain Loblaws has been named mass-merchandise retailer Shopko's new CEO, the company said Monday.

GREEN BAY, Wis. — The former COO of Canadian grocery chain Loblaws has been named mass-merchandise retailer Shopko's new CEO, the company said Monday.

November 13, 2013

Facing an increasingly competitive retail landscape, Canadian retailer Loblaw Cos. posted a slight lift in retail sales but, due to incremental margin investment in the back half of the year, lowered its earnings growth expectations for 2013. However, company executives are optimistic as the company remains focused on investing in what it refers to as the “customer proposition” and looks forward to its acquisition of Shoppers Drug Mart.

BRAMPTON, Ontario — Facing an increasingly competitive retail landscape, Canadian retailer Loblaw Cos. posted a slight lift in retail sales but, due to incremental margin investment in the back half of the year, lowered its earnings growth expectations for 2013. However, company executives are optimistic as the company remains focused on investing in what it refers to as the “customer proposition” and looks forward to its acquisition of Shoppers Drug Mart.

November 12, 2013

Canadian pharmacy retailer Shoppers Drug Mart posted a 2.4% increase in sales for the third quarter, driven by continued strength in prescription count growth and front-end sales.

TORONTO — Canadian pharmacy retailer Shoppers Drug Mart posted a 2.4% increase in sales for the third quarter, driven by continued strength in prescription count growth and front-end sales.

For the quarter ended Oct. 5, the company posted sales of Canadian $3.29 billion, up 2.4% compared with the year-ago period. Same-store sales rose 2.2%.

October 31, 2013

Walmart U.S. president and CEO Bill Simon and Secretary of Commerce Penny Pritzker announced at the SelectUSA 2013 Investment Summit on Thursday that three suppliers have made new domestic manufacturing commitments that will create 385 jobs.

WASHINGTON – Walmart U.S. president and CEO Bill Simon and Secretary of Commerce Penny Pritzker announced at the SelectUSA 2013 Investment Summit on Thursday that three suppliers have made new domestic manufacturing commitments that will create 385 jobs. The move is part of the retailer’s previously announced pledge to buy an additional $50 billion in U.S.-made products over the next decade.

Walmart said that Elan-Polo, Louis Hornick & Company and EveryWare Global will produce footwear, curtains and glassware, respectively.

October 24, 2013

Beauty retailer Sephora has announced that former Sears Canada and Loblaws executive Calvin McDonald has been named president and CEO of Sephora Americas, effective Jan. 1, 2014.

SAN FRANCISCO and PARIS — Beauty retailer Sephora has announced that former Sears Canada and Loblaws executive Calvin McDonald has been named president and CEO of Sephora Americas, effective Jan. 1, 2014.

October 23, 2013

Publix Super Markets on Tuesday announced its decision to sell PIX, the fuel/C-store concept it began testing in 2001.

LAKELAND, Fla. — Publix Super Markets on Tuesday announced its decision to sell PIX, the fuel/C-store concept it began testing in 2001. Circle K Stores, a wholly owned subsidiary of Alimentation Couche-Tard, will purchase 13 sites, of which 11 are located in Florida and two in Georgia. 

Max Arnold & Sons, a family-owned company located in Hopkinsville, Ky., that has been in operation for more than 60 years, will purchase the site located in Tennessee. 

October 9, 2013

The Jean Coutu Group reported sales of C$653.8 million in second quarter 2014, compared with C$658.7 million in second quarter 2013.

LONGUEUIL, Quebec — The Jean Coutu Group reported sales of C$653.8 million in second quarter 2014, compared with C$658.7 million in second quarter 2013.

September 26, 2013

Loblaw Cos. has announced the passing of industry veteran Dave Nichol, who was known as a masterful marketer and recognized both inside and outside Loblaw for his creativity and skill.

RAMPTON, Ontario — Loblaw Cos. has announced the passing of industry veteran Dave Nichol, who was known as a masterful marketer and recognized both inside and outside Loblaw for his creativity and skill.

September 26, 2013

Loblaw Cos., which is acquiring Shoppers Drug Mart, has announced a string of executive moves, including the appointment of Mark Butler as EVP integration, who is charged with planning the integration of Shoppers Drug Mart.

BRAMPTON, Ontario — Loblaw Cos., which is acquiring Shoppers Drug Mart, has announced a string of executive moves, including the appointment of Mark Butler as EVP integration, who is charged with planning the integration of Shoppers Drug Mart.

September 16, 2013

The Ontario Superior Court of Justice has approved Loblaw’s acquisition of Shoppers Drug Mart, Shoppers Drug Mart announced on Monday.

TORONTO — The Ontario Superior Court of Justice has approved Loblaw’s acquisition of Shoppers Drug Mart, Shoppers Drug Mart announced on Monday.

Completion of the arrangement remains conditional on compliance with the Competition Act and certain other closing conditions customary in transactions of this nature. The transaction is expected to be completed before the end of first quarter 2014.

September 12, 2013

Shoppers Drug Mart announced on Thursday its shareholders voted in favor of the proposed acquisition by Loblaw Cos.

TORONTO — Shoppers Drug Mart announced on Thursday its shareholders voted in favor of the proposed acquisition by Loblaw Cos.

The transaction was approved by approximately 99.89% of the votes cast by all of the Shoppers Drug Mart shareholders eligible to vote.

As previously reported, Loblaw Cos. and Shoppers Drug Mart announced on July 15 a definitive agreement under which Loblaw will acquire Shoppers Drug Mart for C$12.4 billion in cash and stock.

September 6, 2013

With 68 stores already open across Canada, Target has released the timetable for the next batch of nearly two dozen, including the first stores in Quebec and Nova Scotia.

MISSISSAUGA, Ontario — With 68 stores already open across Canada, Target Corp. has released the timetable for the next batch of nearly two dozen, including the first stores in Quebec and Nova Scotia.

The mass merchandise retailer said it would open 14 stores on Sept. 17 and nine more on Oct. 18. A majority of the stores will feature a Starbucks, as well as a pharmacy. Most stores in Quebec will feature Brunet pharmacies, which will open in summer 2014.

September 3, 2013

Shoppers Drug Mart announced on Tuesday that it has received support from two independent proxy advisory firms for its planned acquisition by Loblaw Cos.

TORONTO — Shoppers Drug Mart announced on Tuesday that it has received support from two independent proxy advisory firms for its planned acquisition by Loblaw Cos.

Institutional Shareholder Services and Glass Lewis & Co., two independent global proxy advisory services firms, have recommended that Shoppers Drug Mart shareholders vote in favor of the acquisition by Loblaw Cos.

August 21, 2013

Shoppers Drug Mart has posted on the company's website the management proxy circular relating to the proposed acquisition by Loblaw Cos., the company has announced.

TORONTO — Shoppers Drug Mart has posted on the company's website the management proxy circular relating to the proposed acquisition by Loblaw Cos., the company has announced.

The circular has been mailed to Shoppers Drug Mart's shareholders of record as at Aug. 12.

A special meeting of Shoppers Drug Mart shareholders to consider the acquisition will be held Sept. 12. The transaction, which is subject to customary approvals, is expected to be completed before the end of the first quarter of 2014.

August 14, 2013

99 Cents Only stores announced on Monday Stéphane Gonthier as the company's new president and CEO. Gonthier is leaving Dollarama, where he was COO since September 2007.

CITY OF COMMERCE, Calif. — 99 Cents Only stores announced on Monday Stéphane Gonthier as the company's new president and CEO. Gonthier is leaving Dollarama, where he was COO since September 2007.

Gonthier’s appointment is expected to become effective in the next 60 days. Interim CEO Richard Anicetti, a successful food retailing executive, will return to his role solely as a member of the board.

August 14, 2013

Target and McMahon Distributeur Pharmaceutique Inc., a subsidiary of Metro Inc, announced a partnership for the operation of in-store pharmacies across Target's Quebec stores.

QUEBEC — Target and McMahon Distributeur Pharmaceutique, a subsidiary of Metro, today announced a partnership for the operation of in-store pharmacies across Target's Quebec stores.

The agreement comes as Target is preparing to open the first of 25 stores this fall in French-speaking city. Target entered Canada earlier this year and plans to open a total of 124 stores in its first year of operation.