"Health and Beauty Specialist Retailers in Canada" now available at Fast Market Research

From: Fast Market Research, Inc.
Published: Fri Jun 20 2014

Growth in value sales in 2013 for the health and beauty specialist category was notably higher than in 2012, increasing from 4% to 5%. All channels within the category, with the exception of the "others" group, saw their sales increase in 2013. Although it was anticipated that many retailers in the drugstores/parapharmacies channel, the largest of the channels in the category, were going to suffer as a result of changes to prescription drug legislation in a number of provinces, this does not appear to have been the case. Retailers, such as Shoppers Drug Mart, saw their sales increase by 6% in 2013, helping propel overall growth in the category.

Competitive Landscape

Shoppers Drug Mart continues to lead brand sales in 2013 with the company's sales totalling C$11.4 billion and accounting for 28% of all sales in the health and beauty category. With more than 1,300 stores across Canada, Shoppers, which operates under the name Pharmaprix in the French-speaking province of Quebec, is by far the largest player in the category. The company, which was recently acquired by another retail behemoth, Loblaws', has among the best consumer data information in the country, thus helping it enact targeted sales campaigns, ensure the correct product mix for its client demographics and cater to its markets across the country. As consumer data becomes increasingly important in the retail race in Canada, Shoppers is among the leaders in this area and this is expected to help the company maintain its number one position in the coming years. Furthermore, Canada's ageing population plays perfectly to the businesses in the parapharmacy category, such as Shoppers, which is capitalising on this. The retailer now offers a wide range of non-traditional items, such as consumer electronics, food and clothing, helping make it a one-stop-shop for many consumers.

Full Report Details at
- http://www.fastmr.com/prod/836696_health_and_beauty_specialist_retailers_in_canada.aspx?afid=301

Industry Prospects

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