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.

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.

September 16, 2013

The Ontario Superior Court of Justice has approved Loblaw’s acquisition of Shoppers Drug Mart, Shoppers Drug Mart announced on Monday.

September 12, 2013

Shoppers Drug Mart announced on Thursday its shareholders voted in favor of the proposed acquisition by Loblaw Cos.

September 6, 2013

With 68 stores already open across Canada, Target has released the timetable for the next batch of nearly two dozen, including the first stores in Quebec and Nova Scotia.

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.

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.

August 14, 2013

99 Cents Only stores announced on Monday Stéphane Gonthier as the company's new president and CEO. Gonthier is leaving Dollarama, where he was COO since September 2007.

August 14, 2013

Target and McMahon Distributeur Pharmaceutique Inc., a subsidiary of Metro Inc, announced a partnership for the operation of in-store pharmacies across Target's Quebec stores.

July 30, 2013

GNC on Monday named Carmine Fortino EVP business development. Fortino comes to GNC from Atrium Innovations, a Canadian natural health products company, where he was president. Fortino also was a former director of GNC from 2007 to 2011.

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.

July 23, 2013

François Coutu has resigned from Rite Aid's board, effective Oct. 31, 2013, Rite Aid said in a filing with the Securities and Exchange Commission.

July 18, 2013

In a filing with the Securities and Exchange Commission Wednesday, the Quebec-based pharmacy retailer announced that it would sell 65.4 million shares in Rite Aid at a price of $183.1 million.

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.”

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.

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.

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.

July 9, 2013

Canadian pharmacy chain The Jean Coutu Group, which operates a network of 407 franchised stores in Quebec, New Brunswick and Ontario, reported a drop in net income in its first quarter, largely due to much smaller gains from the sale of Rite Aid shares versus the year-earlier period, the company stated.

June 27, 2013

Canadian retail pharmacy chain the Jean Coutu Group continued offloading its shares in Rite Aid as it announced Wednesday the sale of 72.5 million shares in the Camp Hill, Pa.-based drug store chain.

June 24, 2013

Shoppers Drug Mart/Pharmaprix announced on Friday that it is supporting relief efforts to help those Alberta communities affected by the floods by making a donation to the Canadian Red Cross and working with local stores to ensure supplies and prescription medications are available to those in need.

May 30, 2013

Canadian retail pharmacy operator the Jean Coutu Group will spend nearly $200 million to relocate its headquarters and distribution center, the company said.

May 7, 2013

Pharmasave Drugs, which has more than 400 independently operated community pharmacy locations in nine provinces, has appointed Carmen Churcott as CEO.

April 22, 2013

The National Association of Chain Drug Stores Foundation announced the election of five new members to its board of directors.

April 18, 2013

Rite Aid board member Michel Coutu has resigned, effective Wednesday, according to a Securities and Exchange Commission filing.