Shoppers Drug Mart to stop selling electronics to focus on cosmetics

Shoppers Drug Mart, owned by Loblaws, will stop selling electronics due to low profit margins. The decision follows Loblaws missing its quarterly revenue targets and aims to improve overall sales. The company’s chief financial officer noted that customers who buy electronics do not typically purchase higher-margin items. This shift will allow Shoppers Drug Mart to focus more on cosmetics and possibly reduce its grocery offerings. This change leaves the Canadian electronics market largely to Amazon and Best Buy, with Walmart offering limited options.