Founded in 1919, Loblaws supermarket is one of the main players in the Canadian supermarket and grocery industry. Loblaws founders, Theodore Pringle Loblaw and J. Milton Cork, were pioneers in the introduction of self-serve and cash-and-carry grocery retailing in Canada. Expanding rapidly, there are now over 2,000 Loblaws stores in Canada. As of 2021, Loblaws generated a revenue of over 53 billion Canadian dollars, leading the ranking of Canadian food retailers in the previous year. Second-place Sobeys had a revenue of just over 28 billion Canadian dollars in that fiscal year.
Loblaw’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 more than 52 billion Canadian dollars in 2021. In recent years, the group’s assets have also shown growth, reaching a peak in 2021, when the group had total assets amounting to 36.6 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 13.8 billion Canadian dollars in 2021.
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 2021, front store sales accounted for over half of all Shoppers Drug Mart sales, amounting to approximately 7.6 million Canadian dollars. Front stole sales include traditionally non-pharmacy products, such as food and cosmetics.
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In the following 5 chapters, you will quickly find the 30 most important statistics relating to "Loblaws".