Preview

The Shoppers Drug-Mart Corporation: Largest Retail Pharmacy Chain Across Canada

Powerful Essays
Open Document
Open Document
1264 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
The Shoppers Drug-Mart Corporation: Largest Retail Pharmacy Chain Across Canada
About the Company
The Shoppers Drug Mart Corporation is known as one of the largest retail pharmacy chain across Canada, with their headquarters located in North York, Toronto. In 1962, it was founded by a pharmacist with the name of Murray Koffler, and as the years went by, the company continued to evolve and expanded to 1253 stores. The first Shoppers Drug Mart opened in Toronto, Ontario, and Murray Koffler expanded his mind of innovations to merge mass merchandising and self-service into the format of retail pharmacy. With his total belief of creating an organization of pharmacies without having to sacrifice any personalized service, he then created the Associate Concept, which gives professional pharmacists to combine their
…show more content…
Starting off with their products, the company gives their customers a wide range of varieties to choose from. They sell cosmetics for all the beauty lovers, over-the-counter medications for the customers who are in immediate help, and even books or food. Their prices are known to be moderate, but it varies, depending on the item. Different products require different prices, and of course, it will completely differ from the prices that are given in Walmart, or Target.
The personnel is quite popular in Shoppers Drug Mart. Each employee have quite a skill or knowledge that they can deliver to the customers. Majority of the sales associate must have clear information on a specific topic, for example, if a customer was to walk into the beauty section, there will be different sales associate that may help the customer on which mascara to use, or which foundation matches their skin tone, etc. Usually the services are great. The employees are full of energy and knowledge, and their personality will definitely persuade customers to buy their
…show more content…
Well, generally, Shopper’s Drug Mart geographically aims for consumers that are in urban areas in Canada to maintain an ongoing business within the employees and the consumers; whereas, if they were to be located in rural areas, it may lead to liquidation because of how spacious and empty those areas are. Demographically, the company attracts more females than males, because of the large beauty section they contain. Drugstore or high-brand cosmetics, skin care products, and perfumes are what drags all females into the store, specifically the age of 14-30. Shopper’s also targets any customers that requires health services or those who needs to do a quick grocery shopping. The company directs their marketing efforts to generally anyone, but specifically, it tends to attract more females and customers with the age of 14 and

You May Also Find These Documents Helpful

  • Powerful Essays

    Walgreens Level 5 Unit 5

    • 1397 Words
    • 6 Pages

    In 1901 Charles R. Walgreen Sr. purchased the Chicago drugstore he had been working in as a pharmacist. In 1916 nine stores incorporated as Walgreen Co. By 1927 the Walgreen Co. stock went public. In 1946 Walgreens acquired its first foreign property when the company bought out a Mexican retailer.…

    • 1397 Words
    • 6 Pages
    Powerful Essays
  • Good Essays

    CVS Caremark is the largest pharmacy health care provider in the United States with integrated offerings across the entire spectrum of Pharmacy Care. CVS Caremark is a market leader in mail-order pharmacy, retail pharmacy, specialty pharmacy, and retail clinics and is a leading provider of Medicare Part D Prescription Drug Plans. As one of the country’s largest pharmacy benefits managers (PBM’s) CVS Caremark provides access to a network of more than 65,000 pharmacies, including more than 7,3000 CVS/pharmacy stores that provide unparallel services and capabilities("Recruiter contact information," 2012).…

    • 1270 Words
    • 6 Pages
    Good Essays
  • Satisfactory Essays

    The sales staff will not only have to know there product there selling well they will also need to know there company well and how it works , they will need to know the pros with there company and why it is better then rival companies and they will also need to know the reputation of the company and the previous feedback which the company has had , a good sales staff will relate the product with the customer and how it will help them specifically and how it will be use in there favour.…

    • 593 Words
    • 3 Pages
    Satisfactory Essays
  • Good Essays

    There was a growth of 2% in the sales of retail drug industry of the US. This is because; the retail segment has been growing at a steady pace for the last few years due to the positioning of healthcare products and services in the market (Redman, 2011). The positioning of drug stores in the market is well organized due to the presence of low average ticket, convenient locations, inflation, and flow of pharmacy traffic.…

    • 1293 Words
    • 6 Pages
    Good Essays
  • Better Essays

    Walgreens Case Study

    • 811 Words
    • 4 Pages

    Walgreens has been a U.S. company since Charles R. Walgreen Sr. opened his first drug store in Chicago in 1901. Today, Walgreens has a total of 8,678 stores, in every state and U.S. territories. Last year, however, it proposed to become a Switzerland firm. The CEO of Walgreens planed to merge with Europe-based Alliance Boots to acquire a legal address abroad even though Walgreens earns most of its profits in America. The reason had nothing to do with manufacturing costs or access to foreign…

    • 811 Words
    • 4 Pages
    Better Essays
  • Powerful Essays

    Walgreens Analysis

    • 2782 Words
    • 12 Pages

    Walgreens has grown from a small, neighborhood-oriented drug store to a trusted, national pharmacy. Founded in 1901 by Charles R. Walgreen, the company bloomed from a commitment made to perseverance. Walgreen came from Dixon, Illinois at the age of sixteen, working an unpleasant job at a drug store after he lost a portion of a finger that left him incapable of continuing a career in athletics. He left with an ambition of entrepreneurship as the flourishing city of Chicago welcomed him with the booming pharmacy business. Devoted to his goal, Walgreen worked his way through gaining experience and financial stability within the growing industry. His work experience through jobs with different pharmacies allowed Walgreen to analyze the strengths and weaknesses in their business operations. Focusing on the gaps in service and the needs by customers that were not being met, Walgreen had an opportunity to capitalize on the industry’s shortcomings by opening his own pharmacy.…

    • 2782 Words
    • 12 Pages
    Powerful Essays
  • Good Essays

    Here is the information of pharmacy in Canada. In 2013, pharmacy and drug store industry in Canada had a size of $33.4 billion. The top three companies are Shoppers, Katz Group Pharmacies Inc. (KGPI) and Jean Coutu Group. Shoppers has a market share of 33.3%, which followed by that of KGPI, 21.9%, and Coutu Group has a share of 8.7% (see Exhibit 2). As the leading company, Shoppers is the licensor of full-service retail and has 1,240 retail drug stores across the whole nation (see Exhibit 3). Its net earnings were $608 million out of sales of $10.8 billion in 2012. Followed by KGPI, which has 460 convenient locations through Canada (Katz Group web, 2014) and Jean Coutu Group, which has 415 physical stores (Jean Coutu web, 2014). When referred to business environment, pharmaceutical is now facing different changes. Currently, the Canada government is carrying out policies that may have negative influences on the pharmaceutical industry. Meanwhile, higher taxation on pharmacy causes Canadian to buy medicines in America, where taxation is lower. On the other hand, Canadian is getting older, which means more funds would be spent on medical purchase. Being a giant in grocery market, how can Loblaw compete to maintain its market share and leadership, and whether there are other methods for Loblaw to expand into pharmacy. Here is the…

    • 821 Words
    • 4 Pages
    Good Essays
  • Satisfactory Essays

    Retail merchandise stores attract many different types of people. For example, Wal-Mart targets all income level households, whereas dollar stores such as DG serve "need-to" shoppers. More specifically, the target customers of DG are normally in towns with less than 20,000 people and have the following characteristics:…

    • 269 Words
    • 2 Pages
    Satisfactory Essays
  • Powerful Essays

    CVS Pharmacy is the retail division of CVS Caremark. It is also one of the largest Pharmacy Retail Chains in the country and operates more than 7,400 stores domestically. Although the retail pharmaceutical division of this corporation accounts for a significant amount of this company’s success, CVS Caremark focuses more on its corporate strategy to compete with other industry rivals such as Walgreens and Rite Aid. Considering CVS Caremark is the result of the 2007 merger of CVS and Caremark Rx, this analysis will begin with a brief history and the merger of these corporations, its current performance, strategic posture, and the strategic managers of this organization.…

    • 3178 Words
    • 13 Pages
    Powerful Essays
  • Powerful Essays

    A Look at Loblaws Companies

    • 3475 Words
    • 14 Pages

    In 1919 the first Loblaw grocery store opened in Toronto. Theodore Pringle Loblaw and J. Milton Cork had a new idea of a grocery store, one which would be fully self- serve and would offer better quality foods at lower prices. In 1978, ‘No Name’ products were introduced into Loblaw stores. These products had distinct yellow packaging, and Loblaw stores experienced an outstanding customer feedback. In 1984, ‘President’s Choice’, one of Loblaw’s own brands made its first debut in stores. Consumer feedback and satisfaction for President’s Choice products was superb and “everything from toasters to train sets” were made. Loblaw Companies has now grown to over seventy locations in Ontario alone. (Loblaw Website, Main Page)…

    • 3475 Words
    • 14 Pages
    Powerful Essays
  • Satisfactory Essays

    Cvs Swot Analysis

    • 352 Words
    • 2 Pages

    The Consumer Value Store more famously known as CVS was founded in 1963 in Lowell, Massachusetts. The company started off only selling health and beauty products until 1967 when they opened their first stores containing pharmacy departments. Over the next 40 years, the company would acquire may other smaller pharmacies such as Arbor drugs and Peoples drug which had major presence in the Midwest and the Southeast, the very first mail order pharmacy, Soma.com, and pharmacies that were affiliated with major supermarkets all over the country including stores like Albertson. It’s two most noteworthy accomplishments took place in 2006. The first was when Tom Ryan, CEO of CVS at the time, acquired the Minneapolis based corporation MinuteClinic, a…

    • 352 Words
    • 2 Pages
    Satisfactory Essays
  • Better Essays

    This week’s learning team assignment focused on the organizational structure and design. Team C will examine the organizational chart of Walgreens and restructure it to make it more efficient and beneficial for the company. The students have decided the CEO of the organization is overwhelmed with departments reporting to him. Therefore, some departments will be consolidated and moved to more specialized officers under the CEO for a more productive company. The officers to receiver these additional departments will be Chief Financial Officer (CFO), Chief Strategy Officer (CSO) and Chief Informational Officer (CIO). This paper will discuss structural changes, the work to be completed and how this work can be done effectively.…

    • 896 Words
    • 3 Pages
    Better Essays
  • Good Essays

    From the information provided in the case, do you think Target Canada demonstrated good planning in regard to its expansion into Canada? Identify at least three things the company did (right or wrong) to support your answer.…

    • 538 Words
    • 3 Pages
    Good Essays
  • Good Essays

    People of Walmart

    • 1460 Words
    • 6 Pages

    Wal-Mart has a spectacular combination of customers. Many are quite respectful; most are ignorant. Everyday people dread the thought of shopping in Wal-Mart’s usually unique unwanted circumstances. A slight degree of onlookers get a thrill from the odd nature Wal-Mart provides. Other customers feel comfortable and at home with their shopping experience. Numerous people shop only to get the best deal. Waiting in line to check out could be a deal breaker. Although the conditions are unforgiveable; Wal-Mart goers continue to shop and surface at a rapid pace. Carts may be contaminated, lines long, and produce selections slim to none. Everyday outrageously bad, ugly, creepy, and crazy shoppers will be viewed. Many shoppers and shopping experiences are inexcusable.…

    • 1460 Words
    • 6 Pages
    Good Essays
  • Good Essays

    The company is against promotion, so they don’t do business by promoting, but they have their own internet site, where you can see their selection of products.…

    • 299 Words
    • 2 Pages
    Good Essays