Loblaw Companies Limited is a food distributor and a provider of drugstore, general merchandise and financial products and services. The Company operates in two segments: Retail and Financial Services. The Retail segment consists primarily of food and also includes drugstore, gas bars, apparel and other general merchandise. The Financial Services segment, which includes credit card services, a retail loyalty program, insurance brokerage services, personal banking services provided by a Canadian chartered bank, deposit taking services and telecommunication services. In March 2014, the Company announced that it has completed the acquisition of Shoppers Drug Mart Corporation (Shoppers Drug Mart). In May 2014, the Company purchased Arz Fine Foods, an established Middle Eastern grocery retailer located in Toronto, Ontario. In May 2014, the Company sold a portfolio of 20 commercial properties to Choice Properties Real Estate Investment Trust.