Loblaw Companies Limited (TSX:L) News and Share PriceRetail
Loblaw Companies Limited is a Canadian retail company primarily dealing in food and pharmaceutical products. Headquartered in Brampton, the company is a fourth-generation family business in operation since 1919.
Loblaw is said to have around 2,400 retail, pharmacy and beauty stores across the country, including provinces of Ontario, Quebec and British Columbia.
The company’s shares are publicly traded on the Toronto Stock Exchange under the ticker symbol ‘L’.
Loblaw broadly operates under three main segments:
Food: Loblaw offers a variety of food products to consumers through different shopping formats and product lines, including President Choice, Loblaws, Provigo, Zehrs, Atlantic Superstore, Wholesale Club, Independent, REAL CANADIAN SUPERSTORE, FORTINOS, etc.
Health and Wellness: The company operates retail, pharmacy and specialty stores in prime locations across Canada, making it convenient for consumers to access health and wellness products and seek medical advice.
Loblaw drugstores also provide flu shots, travel vaccines, smoking cessation programs and other such medical treatments. The Health and Wellness segment also offers digital health care services like online prescription, reminders and electronic medical records.
Healthcare brands under the company are SHOPPERS DRUG MART, PHARMAPRIX, the Health Clinic, Life BRAND, Theodore & Pringle, etc.
Fashion and Beauty: Loblaw’s third segment caters to fashion and beauty, offering apparel, accessories, footwear and beauty products. The fashion and beauty products marketed under the brands are JOE FRESH, beauty BOUTIQUE, the BEAUTY CLINIC, and QUO BEAUTY.
In addition to these, the company also offers certain payments and reward options for customers, which are operated through PC Financial®, PC Optimum™ and PC Optimum insiders' subscription. The company claims to have approximately three million PC Mastercard cardholders and over 18 million PC Optimum members.
The retail company is said to operate most of its stores within short distance from residential areas, i.e., 90 per cent of Canadians reportedly live within 10 kilometres of a Loblaw outlet.
The company is also said to be among the top 100 employers of Canada.
Loblaw Companies claims to have improvised its approach towards waste management, packaging and energy usage to reduce its environmental footprints. Reportedly, the company has eliminated 13 billion plastic bags from its stores since 2007 and reduced 29.7 per cent of its carbon footprint since 2011.
The company says that it is taking necessary steps to ensure public safety amid the COVID-19 pandemic and is providing essential goods and services to customers across Canada.
22 St. Clair Avenue East Suite1901 Toronto, Ontario M4T 2S7