July 15, 2014
Shoppers Drug Mart leaving CACDS in 2015
by Beverley Herczegh, Director
The Canadian Association of Chain Drug Stores (CACDS) currently represents 6500 neighborhood pharmacies, 75% of neighborhood pharmacists and almost 70% of Canadian prescriptions filled per year. SDM/Loblaws will not be renewing membership with CACDS in 2015 reportedly preferring to align efforts with those of recently transformed CPhA (Canadian Pharmacists Association) on advocacy for the profession.
Somewhat surprising that a publicly traded company would walk away from an association unapologetically and strategically focused on the business of pharmacy, particularly at a time when the business model has been upturned. Going forward, the CACDS of 2015 may represent more like 4500 pharmacies and 50% of neighborhood pharmacies. CACDS has assured that they are financially sustainable through 2015 and remain focused on their strategic plan.
Should other retailers also leave CACDS, as the Quebec retailers already did, advocacy efforts by CACDS could be marginalized. Will this finally be the start of Pharmacy Head offices understanding that the Business of Pharmacy is indeed the Profession of Pharmacists?
For more information contact Bev Herczegh or at 647-407-3592.Tweet