Canada news

27 April 2020
We look at how three different food businesses have developed new income streams in response to the coronavirus(COVID-19) pandemic. The wholesaler: Sysco Sysco, one of the leading wholesale suppliers to foodservice operators and restaurants in Canada, has launched a new direct-to-consumer business, [email protected] Customers using the service can order bulk groceries for home delivery or pick-up...
22 April 2020
We review Metro Inc.’s second quarter performance, including the impact of the coronavirus (Covid-19) pandemic on its results. Sales up $125m due to pandemic Metro’s sales increased by 7.8% to $4.0bn in Q2, with the last two weeks of the quarter impacted by the pandemic. Same-store food sales were up 9.7%, while pharmacy same-store sales increased 7.9%. Adjusted net earnings were up 17.9% t...
21 April 2020
Couche-Tard has withdrawn its bid for Caltex, an Australian-based convenience and fuel business, citing the uncertainty in the global outlook due to the coronavirus pandemic. Caltex acquisition Couche-Tard made an initial bid for Caltex last November as part of its focus on developing its Asia-Pacific presence. In mid-February, it made a revised bid for the company and although a competing ...
20 April 2020
We detail the latest initiatives from Canada’s leading food retailers in response to the Coronavirus pandemic. Loblaw Food stores : it has reduced store hours and limited the number of customers in its busiest stores. The retailer is also moving some service departments, such as seafood, to offer pre-packed products only. It has also stated that it will not change its actions or prices to ...
15 April 2020
Loblaw is providing non-subscribers with temporary access to its exclusive online food content platform, PC Insiders Project. Subscription-based service Loblaw has temporarily unlocked the exclusive content site that it has developed for members of its PC Insiders initiative, a subscription-based service. Launched nationally in 2018, this provides members with access to a range of perks, in...
15 April 2020
In response to the high demand for its existing online grocery services in Quebec and British Columbia, Sobeys is accelerating the planned launch of its Voilà service in the Greater Toronto Area (GTA). Initial testing planned for end of April The Voilà by Sobeys service is being developed in partnership with UK-based Ocado and will be the retailer’s first ecommerce business in the Ontario m...
09 April 2020
The on-demand crowd-sourced grocery delivery service, Instacart, has introduced two new options to offer customers added convenience. Scaling up at pace Instacart has experienced significant demand for its service during the coronavirus (Covid-19) pandemic. The company, which works with over 250 retailers in the US and Canada to pick and deliver online grocery orders, recently announced pla...
09 April 2020
Canada’s leading food and drugstore retailer, Loblaw, has withdrawn its previous guidance for its financial performance in 2020 due to the uncertainty caused by the coronavirus (Covid-19) pandemic. Surge in demand In an update on its response to the pandemic, the retailer outlined how it saw a surge in demand in March as shoppers stocked up on essential items while shifting away from discre...
09 April 2020
We look at Costco’s March sales update and the impact of customers stocking-up during the Coronavirus (Covid-19) pandemic. Strong growth across all regions Costco reports its sales performance each month, with very little change on a month-to-month basis. However, the pandemic had a significant impact in March. For the five-week period from March 2 to April 5, total sales increased 11.7% to...
08 April 2020
In response to the strong demand for its online grocery service during the coronavirus pandemic, Walmart Canada is planning to triple its ecommerce capacity. Recruiting 10,000 associates The retailer shared details of its plan as part of an update from president and CEO, Haio Barbeito. Demand for its online grocery service continues to be high, with thousands of orders being fulfilled each ...