Content about Economy of Canada

October 4, 2011

Jean Coutu Group on Tuesday reported revenue of 635.2 million Canadian dollars (US $598.5 million) during the second quarter ended Aug. 27, an increase of 1.5%.

LONGUEUIL, Québec — Jean Coutu Group on Tuesday reported revenue of 635.2 million Canadian dollars (US $598.5 million) during the second quarter ended Aug. 27, an increase of 1.5%. Net profit per share came in at C$0.29, including a C$0.10 gain on sale of Rite Aid's shares, compared with C$0.18 during the second quarter of fiscal year 2011.

August 19, 2011

Canada-based drug store chain Loblaw has extended its Get Checked Now diabetes program, the company announced Thursday.

BRAMPTON, Ontario — Canada-based drug store chain Loblaw has extended its Get Checked Now diabetes program, the company announced Thursday.

May 23, 2011

The Jean Coutu Group has announced that it now is offering a photo boutique on its iPhone application, which enables users to have photos printed through a smartphone.

LONGUEUIL, Quebec — The Jean Coutu Group has announced that it now is offering a photo boutique on its iPhone application, which enables users to have photos printed through a smartphone.

January 28, 2011

The news that Shoppers Drug Mart president and CEO Jürgen Schreiber is stepping down has taken investors and many industry observers by surprise; the reality is that the company has been wading through some corporate-level changes in recent years, and the Canadian retail market is facing its fair share of competitive challenges.

WHAT IT MEANS AND WHY IT'S IMPORTANT — The news that Shoppers Drug Mart president and CEO Jürgen Schreiber is stepping down has taken investors and many industry observers by surprise; the reality is that the company has been wading through some corporate-level changes in recent years, and the Canadian retail market is facing its fair share of competitive challenges.

(THE NEWS: Shoppers CEO steps down. For the news, click here)

January 12, 2011

Katz Group Canada is withholding comment on a report in the Edmonton Journal Wednesday that speculated on the potential sale of the Canadian drug store giant.

MISSISSAUGA, Ontario — Katz Group Canada is withholding comment on a report in the Edmonton Journal Wednesday that speculated on the potential sale of the Canadian drug store giant.

“Katz Group does not comment on rumors or speculation,” said company spokeswoman Michelle Lee when asked about the report.

November 18, 2010

The Jean Coutu Group may be only biding its time before making another go at...

CALGARY, Alberta — The Jean Coutu Group may be only biding its time before making another go at a pharmacy operation in the United States, the Calgary Herald reported Friday, citing Jean Coutu Group chairman Jean Coutu’s recently released autobiography, written in French.

 

According to the report, Coutu suggested that jettisoning the Eckerd headquarters led to the early demise of the Brooks-Eckerd deal because there “weren't enough key personnel to make the merger work.”

 

 

October 21, 2010

Leave it to our creative retail neighbors to the north to find a fun way...

WHAT IT MEANS AND WHY IT’S IMPORTANT Leave it to our creative retail neighbors to the north to find a fun way to merchandise over-the-counter products and wellness.

(THE NEWS: In sweeping overhaul of its retail mission, Rexall unveils ‘Healthy Living’ prototype. For the full story, click here)

October 4, 2010

The Jean Coutu Group on Tuesday reported revenues of $611.4 million, up 2.2%, for its...

LONGUEUIL, Quebec The Jean Coutu Group on Tuesday reported revenues of $611.4 million, up 2.2%, for its second quarter ended Aug. 28.

August 12, 2010

Duane Reade chairman and CEO John Lederer is moving on to serve as the new...

August 12, 2010

A&P is offering budget-conscious shoppers at its Pathmark banner stores household staples at low prices....

July 22, 2010

A Toronto-based pharmacy chain reported continued growth in sales and net earnings for its second...

June 27, 2010

The Jean Coutu Group on Monday launched the first application in Canada that allows the...

May 18, 2010

Shoppers Drug Mart has inked a deal with Sony to revitalize the Canada-based drug store...

March 14, 2010

As any New Yorker will tell you, Duane Reade is as much a part of...

February 23, 2010

Shoppers Drug Mart is looking to expand its overall category selection in an effort to...

January 22, 2009

Canada’s most powerful pharmacy retailers have grown powerful in a relatively stable competitive arena, but...

Canada’s most powerful pharmacy retailers have grown powerful in a relatively stable competitive arena, but that status quo is changing. One of the Big Three U.S. drug wholesalers has serious designs on the Canadian drug store market.

September 18, 2007

Shoppers Drug Mart, already a formidable national drug store competitor north of the border, will...