Description: Shoppers Drug Mart Corp. posted lower profits in its fourth quarter. This is likely to be Shoppers last quarterly results as a separate public company; it is being acquired by Loblaw Cos. Ltd.
Source: BNN
Date: Feb 06, 2014
Link: http://www.bnn.ca/News/2014/2/6/Shoppers-profit-squeezed-by-milder-cold-season-stiffer-competition.aspx
Questions for Discussion:
- What are some of the reasons for Shoppers declining profits?
- How will Loblaw’s acquisition help Shoppers compete against growing competition?
- Are the drugs still overpriced and should the province do more to reduce their costs?
Alisha
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