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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.

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.

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%.

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 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.

July 25, 2013

Loblaw Cos., which recently announced plans to acquire Shoppers Drug Mart, posted a 2% increase in second-quarter revenue and a 1.1% lift in same-store sales as its drug store sales fell flat for the period.

BRAMPTON, Ontario — Loblaw Cos., which recently announced plans to acquire Shoppers Drug Mart, posted a 2% increase in second-quarter revenue and a 1.1% lift in same-store sales as its drug store sales fell flat for the period.

Revenue for the quarter totaled C$7.5 billion, up 2% compared with the year-ago period. Retail sales increased 1.9% to C$7.37 billion.

July 18, 2013

Canada’s Shoppers Drug Mart, which recently announced plans to be acquired by Loblaw, saw a boost in second-quarter sales and earnings and, according to president and CEO Domenic Pilla, the company is “well-positioned heading into the back half of the year.”

TORONTO — Canada’s Shoppers Drug Mart, which recently announced plans to be acquired by Loblaw, saw a boost in second-quarter sales and earnings, and according to president and CEO Domenic Pilla, the company is “well-positioned heading into the back half of the year.”

July 16, 2013

The Loblaw Co. may have pulled the trigger on its acquisition of Shoppers Drug Mart upon learning of Walgreens' interest in the Canadian pharmacy operation, according to a report in Toronto's National Post published Tuesday.

TORONTO — The Loblaw Co. may have pulled the trigger on its acquisition of Shoppers Drug Mart upon learning of Walgreens' interest in the Canadian pharmacy operation, according to a report in Toronto's National Post published Tuesday. 

The report cited two industry sources. However, Shoppers Drug Mart chairman Holger Kluge suggested that the chain has had more than a few suitors during an analyst call Monday. 

July 15, 2013

Loblaw Cos. and Shoppers Drug Mart signed a definitive agreement under which Loblaw will acquire Shoppers Drug Mart. The move follows the acquisition of Safeway Canada by Sobey's last month and a growing incursion of U.S. retail north of the border, including both Target Canada and Walmart Canada.

When Loblaw announced last week it would debut a new health-focused format to take on Whole Foods, no one could have expected it would make a deal to become the No. 1 pharmacy retailer in Canada, leapfrogging from No. 8 to that top spot with the stroke of a pen. Together the companies will operate 1,797 pharmacies across a total of 2,348 locations, meaning 1-in-5 Canadian pharmacies now will be operated by the merged company. Shoppers Drug Mart represents $4.9 billion in annual pharmacy sales, representing 47.3% of sales and $3.9 million in pharmacy sales on a per store basis. And if Loblaw's pharmacy sales are brought up to that level, the merged companies will represent $6.8 billion in pharmacy revenue.

Loblaw Cos. and Shoppers Drug Mart signed a definitive agreement under which Loblaw will acquire Shoppers Drug Mart. The move follows the acquisition of Safeway Canada by Sobey's last month and a growing incursion of U.S. retail north of the border, including both Target Canada and Walmart Canada. 

July 15, 2013

Loblaw and Shoppers Drug Mart announced on Monday a definitive agreement under which Loblaw will acquire Shoppers Drug Mart for C$12.4 billion in cash and stock.

TORONTO — Loblaw Cos. and Shoppers Drug Mart announced on Monday a definitive agreement under which Loblaw will acquire Shoppers Drug Mart for C$12.4 billion in cash and stock.
 

November 13, 2012

Towers Watson on Tuesday announced that it has selected Loblaw Companies as the preferred pharmacy services provider for its Towers Watson Canadian Rx Coalition, a collaborative network of private sector drug plan sponsors.

TORONTO — Towers Watson on Tuesday announced that it has selected Loblaw Companies as the preferred pharmacy services provider for its Towers Watson Canadian Rx Coalition, a collaborative network of private sector drug plan sponsors. 

The arrangement with Loblaw is expected to improve employers' ability to offer their employees access to a robust range of drug store health resources and support overall health and wellness needs while enabling long-term sustainability of their benefits programs in the face of rising costs. 

March 30, 2012

The news that Target has revealed the locations of its first 12 stores in Quebec is just one more reminder that the competition in Canada is really going to heat up.

WHAT IT MEANS AND WHY IT'S IMPORTANT — The news that Target has revealed the locations of its first 12 stores in Quebec is just one more reminder that the competition in Canada is really going to heat up.

(THE NEWS: Target confirms locations of 12 Quebec debut stores. For the full story, click here)

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.