Shoppers Drugmart
Posted on: October 6, 2011
Shoppers Drug mart is Canada's leading drug store company. It trades in the TSE with the symbol SC.
Shoppers Drugmart made partnership with Fuji Film in May 2010 to expand in-store and online photo services. As part of the agreement Fuji film will help to implement the improved photo service kiosks in stores.
http://www.foxbusiness.com/story/markets/industries/retail/shoppers-drug-mart-partners-fujifilm-expand-store-online-photo-services/
The stock price of Shoppers Drug mart was down because of the r changes made by the Ontario government. The Ontario province decided to cut the cost of generic medication to 25% of the equivalent brand name medication from 50%. This will reduce the prescription cost for the province. It will wipe out the professional allowance the pharmacies were receiving from the generic medicine manufacturers in return for selling their products. As a protest against the changes, Shoppers Drugmart says it will cut the hours of pharmacy operation.
http://www.theglobeandmail.com/report-on-business/drugstore-giants-take-on-ontario-over-move-to-cut-prescription-costs/article1527045/
The shoppers Drug Mart was founded in 1962 by pharmacist Murray Koffler. The vision of the founder was to have a national organization of pharmacies without sacrificing the personalized service of the local community pharmacist.
http://www.shoppersdrugmart.ca/english/corporate_information/investor_relations/index.html
The first Shoppers drug mart was opened in the Toronto mall named Shoppers. Then Koffler renamed all of his stores as Shoppers Drug Mart. When the company grown to 17 stores, Koffler needed more funding to expand. So he joined with the financially troubled Plazza Drug stores to go public. The company started selling its stoke to public in 1968. In 1971 the company acquired Cunningham Drug Stores for $10 million.This helped the company to start Shoppers Drug Mart stores in Alberta, Saskatchewan and Yukon. Later, in [[1974, the company acquired Lord's Supervalue Pharmacies. In 1972 Shoppers Drug mart started operating in Quebec under the name Pharma Prix.When Koffler was 50 years of age, he decided to sell his company.
http://www.answers.com/topic/shoppers-drug-mart-corporation
The Imasco Ltd, which is partially owned by British American Tobacco, has purchased the Shoppers Drug Mart from Koffler. But Koffler continued as CEO of the company till 1983. He retired completely in 1986 and David Bloom became the CEO and Chairman of the company.
In 2007 The Shoppers Drug mart opened its 1000th store in Canada and became the Canada's largest retail pharmacy. The company also owns many Shoppers Drug mart Home healthcare stores. MediSystem Technologies Inc. owned by the company provides pharmaceutical products and services to long-term care facilities in Ontario and Alberta
http://www.shoppersdrugmart.ca/english/corporate_information/investor_relations/press_releases/articles/april_26_2007.html
Life Brand is the house brand of Shoppers Drug Mart. It was first introduced in 1962.
http://www.shoppersdrugmart.ca/english/corporate_information/investor_relations/press_releases/articles/april_26_2007.html
Competitors to Shoppers Drug Mart
Shoppers Optimum points
The Shoppers Drug mart optimum card was started in [[2000]refhttp://www.shoppersdrugmart.ca/english/corporate_information/investor_relations/press_releases/articles/april_26_2007.html</ref> Shoppers Drug Mart will give 15 shoppers Optimum points per each $1spent at Shoppers Drug Mart using the Shoppers Optimum MasterCard and will give 10 optimum points when you show your Shoppers Optimum card with each purchase. The company will be able to replace stolen or lost Optimum card upon request. The optimum points are awarded while purchasing pharmaceutical items also. The points are transferable between optimum card members according to the terms and conditions. http://www.shoppersdrugmart.ca/english/optimum/faqs/index.html
Shoppers Drugmart Promotions
If you provide your email to subscribe the Shoppers Drugmart newsletter, you will get the promotions and coupons in your mail box. Also, you could get a chance to win 1,000,000 optimum points. https://www.shoppersoptimum.ca/eBonus/ongoing/en_CA/userFormWithCard.jsp June 5 and 6 will be The Shoppers Drugmart bonus redemption weekend. But to make sure it is happening in your location check the store flyer. http://smartcanucks.ca/shoppers-drug-mart-bonus-redemption-weekend-june-5-6-2010/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed:+smartcanucks+(SmartCanucks.ca+-+Canadian+Freebies,+Coupons+%26+Deals)&utm_content=Google+International
Shoppers Drug mart weekenf to End Cancer
Shoppers Drugmart Weekend to End Cancer walk to benefit the Princess Margaret Hospital.