FINANCE

Shoppers Drug Mart Q2 earnings, sales increase

BY Dan Berthiaume

Toronto – Shoppers Drug Mart enjoyed a successful second quarter of fiscal 2013, reporting increases in net earnings, sales and same-store sales. Net earnings totaled up $141.8 million USD, up about 1% from $139.9 million in the same quarter a year earlier. Sales were about $2.45 billion, a 3.3% boost from the previous year. Same-store sales rose 2% during the quarter.

Domenic Pilla, president and CEO of Shoppers Drug Mart, credited execution of strategic initiatives and growth priorities at the store level in its core health, beauty and convenience categories in driving sales and market share gains that helped to drive the retailer’s second quarter performance.

“We remain diligent in our efforts to reduce costs and drive efficiencies across the business,” said Pilla. “Our efforts thus far have us well-positioned heading into the back half of the year in what remains a challenging economic, competitive and regulatory environment."

Loblaw announced a deal to acquire Shoppers Drug Mart for roughly $12 billion USD on July 15.

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

Polls

Consumer confidence is high. Is that reflected in your stores’ revenues?

View Results

Loading ... Loading ...
News

Korean home shopping retailer selects IBM mobile, analytics solutions

BY Dan Berthiaume

Seoul, South Korea – South Korean home shopping retailer NS Shopping is deploying mobile and analytics solutions from IBM to improve its omni-channel customer experience and relationship management.

NS Shopping currently sells its merchandise via television, catalogues and online, and will use IBM Smarter Commerce technology to integrate mobile and social channels into its retail environment.

In addition, IBM will help NS Shopping collect and analyze omni-channel Big Data, obtain a centralized, real-time view of customer and product data from across all channels, expedite the application development lifecycle, and redesign the omni-channel customer experience to strengthen brand image and customer engagement.

NS Shopping will deploy IBM solutions including the MobileFirst platform, IBM Power Systems and IBM System x servers, as well as IBM Interactive services.

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

Polls

Consumer confidence is high. Is that reflected in your stores’ revenues?

View Results

Loading ... Loading ...
News

Uber offers on-demand ice cream to mobile users

BY Dan Berthiaume

San Francisco – On July 19, online transportation service provider Uber is offering a one-day promotion where mobile customers could use the Uber app to order on-demand ice cream from an ice cream truck.

App users in 33 global cities, including 22 in the U.S. and Canada, have a one-day “order ice cream” option on their app. If one of several ice cream trucks deployed in each city is available, customers can order a bundle of five to six ice cream treats with payment directly charged to their Uber account.

Uber is also offering a hashtag for customers to promote the special retail service on their Twitter and Instagram accounts.

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

Polls

Consumer confidence is high. Is that reflected in your stores’ revenues?

View Results

Loading ... Loading ...