Shoppers Drug Mart is phasing out its electronics section due to low sales. During a call on Wednesday, Loblaw Chief Financial Officer Richard Dufres…
During a call on Wednesday, Loblaw Chief Financial Officer Richard Dufresne told analysts that electronics like computers, TVs and cameras "are extremely low-margin sales that don't contribute to the consumer basket," reported
For example, when purchasing a gaming device, shoppers typically won't add shampoo, skincare or medication to their cart. The company, which owns Shoppers, made even more money in its third quarter this year compared to last year. According to the report, the company's revenue for the quarter was $18.54 billion, up from $18.27 billion last year.
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