T. Ozbun
Research expert covering food retail and all food topics for Italy and Brazil
Get in touch with us nowLoblaw’s financial performance
Since 1953, the Loblaws supermarket chain has been a market division of Loblaw Companies Limited, headquartered in Brampton, Ontario. Retail sales of Loblaw Companies Limited in Canada have increased over the last few years, rising from about 31.6 billion Canadian dollars in 2013 to nearly 55.5 billion Canadian dollars in 2022. In recent years, the group’s assets have also shown growth, reaching a peak in 2022, when the group had total assets amounting to 38.2 billion Canadian dollars. The selling, general and administrative expenses of Loblaws slightly increased as well. In 2013, Loblaw's selling, general, and administrative expenses amounted to 6.35 billion Canadian dollars. This figure increased to 14.6 billion Canadian dollars in 2022.Shoppers Drug Mart
Loblaw Companies has six independent divisions, including Shoppers Drug Mart, one of the leading pharmacy chains in Canada. Founded in 1962 by pharmacist Murry Koffler, the first Shoppers Drug Mart store revolutionized retail pharmacy by combining mass merchandizing and self-service. Headquartered in North York, Toronto, the pharmacy retailer was acquired by Loblaw Companies in 2014. Annual drug sales for Shoppers Drug Mart in Canada have witnessed a steady increase in recent years. In 2022, front store sales accounted for over half of all Shoppers Drug Mart sales, amounting to approximately 8.2 million Canadian dollars. Front stole sales include traditionally non-pharmacy products, such as food and cosmetics.
