Shoppers Drug Mart is showing a modest increase in third quarter same stores sales and a similar increase for the year so far. The company, which was recently purchased by Loblaws and awaits approval from the Competition Bureau, released these high lights Tuesday: Third Quarter Year-Over-Year Highlights Sales increase of 2.4% to $3.287 billion Same-store increase of 2.2% Pharmacy sales increase of 2.7% to $1.582 billion Same-store increase of 1.8% Retail prescription count increase of 5.3% Same-store increase of 4.1% The public is waiting to see just how the Loblaws and Shoppers businesses will be adjusted to make the purchase worthwhile. Loblaws has said the business will continue to stand alone but common sense dictates that there will be some rationalization. Otherwise the deal has no value.
