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Shoppers growth depends on cosmetics, groceries categories
Posted on May 16, 2008
An expected decline in the growth of prescribed drug spending in 2007 will force Shoppers Drug Mart Corp. to squeeze more out of its cosmetic and grocery division, according to Octagon Capital analyst Robert Gibson. On Thursday, the Canadian Institute for Health Information released their latest estimate for drug spending in Canada. In the report, the organization said prescribed drug spending in 2007 of 7.5% which compares to an annual growth rate of 10.5% between 1997 and 2006. To achieve superior sales growth, Shoppers will have to get superior performance out of its front store categori...
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