TORONTO — Sales rose for Shoppers Drug Mart in the fourth quarter, but profits fell slightly as the ice storm put a damper on winter shopping and fewer Canadians sought relief for coughs and colds. In its last expected report before joining the Loblaw family of banners, Shoppers posted losses of 3.4%, even though revenue rose from $2.72 to $2.75 billion from the previous year. Same-store sales also ticked up 1.2%. CEO Domenic Pilla called the quarter a success “by any measure,” The Toronto Star reports.
Profits drop in Shoppers’ final report
Most Recent
Most Read
Home Depot to acquire another trade distributor
Thu, March 28th, 2024
Throwback Thursday: 22 years ago, Ace Canada signed UFA
Thu, March 28th, 2024
Ontario RONA affiliate expands
Wed, March 27th, 2024
Hardlines is at the National Hardware Show
Wed, March 27th, 2024
Meet our Young Retailer of the Year in our latest podcast
Wed, March 27th, 2024
Home Hardware supports Skills Canada
Wed, March 27th, 2024
Sign up for a free floor pass to DX3 in Toronto
Wed, March 27th, 2024
Canadian Tire and Petro-Can combine loyalty programs
Tue, March 26th, 2024
BeautiTone unveils exterior colour of the year
Tue, March 26th, 2024
Why Air Miles is still good for dealers: TIMBER MART's Bernie Owens
Mon, March 25th, 2024