Who owns the opticals in Shoppers Drugmart? They are stunning!
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Who owns the opticals in Shoppers Drugmart? They are stunning!
Quote:
Originally Posted by haliopt
go on their website and scroll down to the frame brand names and they are all Luxottica.
As a vertically integrated company, Luxottica designs, manufactures, distributes and retails its eyewear brands, including LensCrafters, Sunglass Hut, Apex by Sunglass Hut, Pearle Vision, Sears Optical, Target Optical, Eyemed vision care plan, and Glasses.com. Its best known brands are Ray-Ban, Persol, and Oakley.
then scroll some more some more
and see the main Essilor brands
Then figure out who is heavily involved ………………….
see at:
https://www1.shoppersdrugmart.ca/en/...oducts-optical
Chris,Quote:
Originally Posted by Chris Ryser
SDM is testing the optical store concept with a few key locations. They have not yet jumped in with both feet and are still just a toe in the water.
Their business model is completely driven by brand name recognition, and seems to be working so far. They are very expensive IMHO and other than shopping convenience are not a value proposition company. They seek extremely high profit margins on everything they sell, including groceries.
They may be affiliated to some degree for supply chain purposes, but are most definitely not owned or partially owned by EssiLux. Also, I know a couple of current owners and most of their stores are franchised.
Thanks, Lab Insight,
Soooo, Who are the owners?
Acquisition by Loblaw Companies.Quote:
Originally Posted by haliopt
On July 15, 2013, Loblaw Companies announced that it would acquire Shoppers Drug Mart for $12.4 billion, pending shareholder and regulatory approval. The deal was approved by the Competition Bureau on March 21, 2014, and completed March 28, 2014.
A corporation is owned by its stockholders. You too can become a shareholder of Shoppers Drugmart and share in the profits of the business by purchasing a few shares of stock. There is also no reason why you cant become an owner of the Eyecare Mafia. Its the American way and also most likely still the Canadian way.Quote:
Originally Posted by haliopt
Okay, they are franchised. They are independently owned. I will change my inquiry. Who is the industry person, partner, or company that set up the stores, staffed them and placed the O.D.s? Is there an affiliation to a company, buying group or industry person? Is Shoppers managing, is the stock mart running the show or is Bob Loblaws personally the go-to guy? lol
If I wanted to mail a letter to the person or company that is the "running" Shoppers Drugmart optical, what person or company name would I address the letter to?
They are gorgeous.
Shoppers Drug Mart Corporation is a Canadian retail pharmacy chain based in Toronto, Ontario. It has more than 1,300 stores operating under the names Shoppers Drug Mart in nine provinces and two territories and Pharmaprix in Quebec.
Quote:
Originally Posted by haliopt
I did some work for you ............................
As I have no direct answer you can call them and find out at the following numbers:
For further information:
Media Contact:
Tammy Smitham
Director, Communications & Corporate Affairs
(416) 490-2892, or
corporateaffairs@shoppersdrugmart.ca
(416) 493-1220, ext. 5500
Investor Relations:
(416) 493-1220, ext. 5678
investorrelations@shoppersdrugmart.ca
Both franchisees I know are pharmacists and each is invested over $2M. It is not possible to own just the optical and not the rest of the store. Also, they will not just lease out the space for such. It's an all-in poker game.Quote:
Originally Posted by haliopt
Thanks, Lab Insight. WoW.
The quality materials, design, inventory, and O.D. equipment. I could see 2M. The 10-year loan.
I would like to see that proforma!
Just to be clear, both owners I know do not contain optical dispensaries, so I'm not sure what the additional cost would entail, but would be quite large I'm sure.Quote:
Originally Posted by haliopt
Their initial investment was just to get approval as a franchisee. To be considered, a potential franchisee must have substantial liquid assets up front, the rest is borrowed.
haliopt ..................
You better think it all over.....................
Then maybe you will find another way of making a decent profit in the optical by checking all the changes that are happening now and the near future.
With Alibaba.com (see the other threads on it), having made a big entrance into the western world over the last week, and disclosing manufactures pricing of lenses and frames at source, should or will become a big impact.
Furthermore Essilor-Luxottica will get re-organized within their 10,000+ retail stores and the majority of online optical sales companies to what we don t know yet.
Thanks, Chris.