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Article: SDM goes from good to great.(Shoppers Drug Mart Ltd.)
- Article from:
- Chain Drug Review
- Article date:
- December 18, 2006
- Author:
CopyrightCOPYRIGHT 2006 Racher Press, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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TORONTO -- Shoppers Drug Mart (SDM) chairman and chief executive officer Glenn Murphy is fond of insisting that the company he runs stay under the radar. That is fine except for the fact that SDM keeps calling attention to itself. For a simple reason: It is among the very best drug chains operating anywhere on the planet.
SDM was a good drug chain in 2001 when it issued its initial public offering. In the five years since the retailer's leadership has transformed a good drug chain into a great one by identifying the company's strengths and playing to them, and by choosing the right people for the right jobs and allowing them to do those jobs. Last summer Murphy ...