Shoppers Drug Mart, Canada (Health and Beauty) Shoppers Profile, Market Share and Competitive Positioning
Summary
Profile of retailer’s shopper base, key performance indicators, sales and market shares
Shoppers Drug Mart mostly attracts female shoppers (56%) due to its vast assortment of global beauty products. Its range of luxury beauty products also contributes to the popularity of the retailer. The retailer has its own brand product line, Thoughtful Choices, which includes makeup, menstrual products, and other oral and body products.
Shoppers Drug Mart held a steady market share in Canada’s health and beauty sector until 2019. It 2020, its market share spiked to 30%, from 28.9% in 2019. In 2021, 52.4% of Canadian consumers claimed to purchase health and beauty products from the retailer further; 40% claimed to shop at Walmart and 18.8% claimed to buy such products from Costco.
The retailer has taken multiple initiatives to expand its business and retain its market share. To strengthen its business proposition, Shoppers Drug Mart uses its pharmacy division, which is the prime revenue component for the retailer, attracting several customers to the store. Since 2021, the retailer has been administering COVID-19 vaccines in its stores, providing a community service for its customers, thereby gaining their loyalty and confidence.
Scope
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