The $12.4 billion merger of Loblaw and Shoppers Drug Mart may signal tough new competition for non-grocery retailers including Old Navy, Sears, Sephora and Wal-Mart, industry watchers say. The deal will put Loblaw-owned Joe Fresh baby and children's clothes into Shoppers Drug stores, and Loblaw's supermarkets are likely to add the pharmacy chain's retail health clinics and in-store beauty boutiques.
What will Loblaw-Shoppers Drug merger mean for clothing chains?
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