July 15, 2013

 

Expert available to discuss implications of massive Loblaw takeover of Shoppers Drug Mart

 

Hamilton, Ont. July 15, 2013In a $12.4-billion dollar deal—the largest in Canadian retail history—Loblaw Companies Ltd. is set to take over Shoppers Drug Mart, bringing together the country’s biggest grocery and pharmacy chains. 

 

 

Manish Kacker, an associate professor of marketing at McMaster University, is available to discuss how this will impact the retail landscape and what it might mean for the Loblaw and Shoppers brands.

 

"Loblaw and Shoppers Drug Mart have complementary assets and capabilities, therefore the expectation is that the combined firm will be more than a sum of the parts,” says Kacker. “It will also have the economies of scale to better handle the threat posed by slowing consumer spending and increased competition driven by consolidation and expansion by incumbent retail competitors and entry of new retailers like Target."

 

Kacker is available after 2 p.m. today and can be reached directly at 905-525-9140, ext. 21658 or mkacker@mcmaster.ca.  

 

For more information contact:

 

Michelle Donovan

Public Relations Manager

McMaster University

905-525-9140, ext. 22869

donovam@mcmaster.ca

 

Wade Hemsworth

Public Relations Manager

McMaster University

905-525-9140, ext. 27988

hemswor@mcmaster.ca