Cosmetics a source of strength. (State of the Industry).(For Shoppers Drug Mart)(Brief Article)

NORTH YORK, Ontario -- Shoppers Drug Mart's (SDM's) position in the cosmetics category has strengthened markedly throughout the course of the last decade.

There was opportunity because Eaton's, one of two major full-line, up-market department store operators in Canada, entered a financial crisis and eventually went bankrupt. It had been one of the major distributors of prestige cosmetics. During Eaton's struggles SDM was able to acquire distribution rights to a number of the up-market …