Shoppers Drug Mart

Shoppers Drug Mart is a Canadian retail pharmacy chain based in Toronto, Ontario. It has more than 1,300 stores across Canada. The company was founded by Murray Koffler in 1962, and it has since grown to become the largest pharmacy chain in Canada.

History

Murray Koffler, a pharmacist from Toronto, founded Shoppers Drug Mart in 1962. The first store was located in Toronto, Ontario. The company expanded rapidly, opening 17 stores in the first year. In 1971, the company went public on the Toronto Stock Exchange.

In 2000, Shoppers Drug Mart acquired 136 stores from Pharma Plus. This acquisition significantly increased the company's presence in Ontario and Quebec. In 2013, the company was acquired by Loblaw Companies for $12.4 billion.

Services

Shoppers Drug Mart offers a variety of services including prescription refills, health and wellness consultations, and beauty consultations. The company also operates a loyalty program called PC Optimum, which allows customers to earn points on purchases that can be redeemed for discounts on future purchases.

Criticism and Controversy

Shoppers Drug Mart has faced criticism for its pricing practices. In 2013, the company was fined $8 million by the Competition Bureau of Canada for charging higher prices in rural areas. The company has also been criticized for its handling of the opioid crisis in Canada.

See Also

• List of Canadian department stores
• Pharmacy (shop)

References

Shoppers Drug Mart Resources
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