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While Shoppers CEO exits, Canada retailers feel the heat of U.S. competition
WHAT IT MEANS AND WHY IT'S IMPORTANT — The news that Shoppers Drug Mart president and CEO Jürgen Schreiber is stepping down has taken investors and many industry observers by surprise; the reality is that the company has been wading through some corporate-level changes in recent years, and the Canadian retail market is facing its fair share of competitive challenges.
(THE NEWS: Shoppers CEO steps down. For the news, click here)