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Shoppers Drug acquisition helps Loblaw more than double Q4 profit to $247 million

2015-02-26 15:11:46| Grocery - Topix.net

Loblaw Companies Ltd. more than doubled its fourth-quarter profit last year, primarily as a result of its acquisition of Shoppers Drug Mart. Net income for the grocery, pharmacy and clothing retailer was $247 million, up $133 million or 117 per cent, while adjusted net earnings rose 146 per cent to $396 million.

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Loblaw Co Destroys Superior Shoppers Drug Market Brands with No-Name

2014-12-30 05:36:25| Grocery - Topix.net

Having taken over Shoppers Drug Mart months ago, Loblaw Companies appears to be replacing high-end and health conscious labels that this Canadian drug store icon had developed with very low end Non-Name products with some relatively poorer quality President's Choice products.

Tags: market brands drug superior

 
 

Loblaw adjusted earnings beat estimate, rise 23% to $371 million

2014-11-12 14:49:06| Grocery - Topix.net

Loblaw Companies Ltd. had lower net income in the third quarter but higher adjusted earnings and revenue in the company's first financial report since completing its acquisition of Shoppers Drug Mart - a deal that combined Canada's largest grocery company with the country's largest pharmacy retailer. "In the third quarter we continued to advance our strategic initiatives and improve our market position," said Galen G. Weston, Loblaw's president and executive chairman.

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Loblaw removes all additives from President's Choice brand products

2014-10-30 01:00:00| Food Processing Technology

Canadian food and pharmacy company Loblaw Companies has removed all artificial flavours and colours from its complete range of more than 4,000 President's Choice brand products.

Tags: products brand choice presidents

 

Loblaw experiments with drive-through

2014-09-24 15:10:22| Grocery - Topix.net

Loblaw Companies Ltd. is preparing to pilot a grocery click-and-collect program, which will allow shoppers to order online and pick up their completed order at stores. The Loblaws at 301 High Tech Rd. in Richmond Hill has been set up with a bright orange click-and-collect area that includes assigned parking.

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