Market News
29Jul2005 |
Shoppers Profit Up 16%The addition of new cosmetics and food sections are believed to be behind Shoppers Drug Mart Corp.'s increase in second-quarter profit. The country's biggest pharmacy's net income climbed to $80 million, or 37 cents a share, an increase of 16%. The company has recently increased its offerings of convenience food, expanded the number of products it offers under its own label and added cosmetic brand names such as Dior to its wares. It also opened or expanded 18 stores in the second quarter. Source: Canadian Grocer E-Newsletter, July 29, 2005. 
|