July 17, 2014

The Board of Directors of Loblaw Cos. announced that Galen Weston, executive chairman, also has been appointed as president, effective immediately. 

 

May 2, 2014

Canadian grocer Loblaw, which recently acquired pharmacy retailer Shoppers Drug Mart, is sharpening its focus on health and wellness, and envisions pharmacists one day serving as nutrition experts, according to a Financial Post article.

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.

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.

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 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.