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    Recent Articles

    Target announces Starbucks as coffee retailer for Canadian stores (Starbucks Newsroom)

    Loblaws launching loyalty program to coincide with Target entry (Globe and Mail)

    Zellers reviews options for outlets ‘left behind’ (Globe and Mail)

    Canadian malls are the Target of expansion(Montreal Gazette)

    Sobeys and Target: a winning combination (Financial Post)

    Target’s rejected sites in high demand by rival retailers (Globe & Mail)

    Walmart, Canadian Tire in Target's crosshairs (Financial Post)

    What we can expect: Tony Fisher talks about Target Canada (Financial Post)

    Target’s Canadian foray hits cost hurdle (Globe & Mail)

    Announcement of which Zellers are to convert coming by end of May? CTV

    "Death of Canadian retail greatly exaggerated" Rona CEO (Financial Post

    Impact on Canadian Tire (Financial Post)

    Canadian Retail Industry Viewpoints (Profit Magazine)

    Shoppers Drug Mart






    Shoppers Drug Mart Q4 Results

    Fourth Quarter Year-Over-Year Highlights

    • Sales increase of 4.4% to $2.722 billion
      • Same-store increase of 2.7%
    • Pharmacy sales increase of 3.7% to $1.221 billion
      • Same-store increase of 2.1%
    • Retail prescription count increase of 8.3%
      • Same-store increase of 6.1%
    • Front store sales increase of 5.0% to $1.501 billion
      • Same-store increase of 3.2%
    • Net earnings per share of $0.85, an increase of 3.7%

    Earnings Release here


    Shoppers Drug Mart Response to Target

    Shoppers Drug Mart's Response to Increased Competition:

    • Increase focus on the aging baby boomers & seniors segment by increasing their frequency & crossover shopping through a number of initiatives including; $ 2.00 reduction in co-pay in Ontario, more seniors days & events, increased emphasis on med check, OTC counselling, physician interaction 
    • Continue market share growth in cosmetics by meeting unmet needs and adding brands - not releasing details of planned changes to beauty boutiques yet (Canada Newswire & April 26th earnings call)
    • Have introduced a "VIB - Very Important Baby" rewards card for parents to promote baby products (Globe and Mail)
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