Taking a page out of the Walmart book, Shoppers Drug Mart wants to overtake independently-owned drug stores to expand stores and last year’s $1.7-billion sales profits. Sound too evil to be true? Shoppers’ CEO Glenn Murphy puts it this way:
“When they’re ready – and this is not being forced upon them by our business – independents are given the choice to either join us as a business or when they’re ready to retire and monetize the equity in the business they can sell to us, we can control the scrip file and move it into a Shoppers Drug Mart store.”
In other cities (if you count Calgary as a city), communities actively protest these predatory practices. Here, it’s just another chance to get Optimum points.
In related ‘Shoppers is taking over the city and no one cares’ news, there are currently two Shoppers storefronts directly across the street from one another at Mt. Pleasant just south of Eglinton. How agitating! The store is upgrading from 732 Mt. P to 759 Mt. P, the former address of Contact New and Rare Books.