Canada news

16 July 2015
Leading global warehouse club operator Costco has an enviable record of growth, and the current year is proving no exception.  With the end of its fiscal year approaching in August the business is on target to hit a comparable store sales performance of +3%.  But how does this ambitious business aim to sustain the growth that is the hallmark of its success? Here's five platforms we think are key:...
14 July 2015
As Couche-Tard reports a strong fourth quarter, we review the outlook for the year ahead. Q4 provided solid foundation for busy work program The year ended strongly for Couche-Tard, with the retailer’s merchandise and service revenues increasing by 12.4% to $2.0bn in the fourth quarter. This was supported by the acquisition of The Pantry, which was completed in March. Same-store sales wer...
13 July 2015
We look at how Canadian retailers are responding to changes in the market with new format and digital initiatives. Loblaw testing new ethnic-focused format In Mississauga, Ontario, Loblaw has launched a new format Real Canadian Superstore. The re-modelled store has been developed to build strong appeal with ethnic shoppers and features a number of new elements based around the themes of fre...
09 July 2015
As 7&I reports positive Q1 performance amid challenging conditions, the retailer updates on its omnichannel strategy and JPY10.9bn (USD 89m) investment. 7-Eleven Japan driving positive performance for 7&I in Q1 Total Group sales rise 3.3% to JPY 2.5tn (USD 20.5bn), whilst operating income grows 5.6% to JPY 81.9bn (USD 970m) . Convenience operations in Japan and continued to be the prima...
06 July 2015
As Walmart becomes the latest retailer to launch a grocery ecommerce operation in Canada, we review the prospects for the channel. Enabling Walmart to build share in food Walmart’s launch of an 11 store test for grocery pick-up in Ottawa builds on its existing ecommerce operation which to date has been focused on non-food. The addition of fresh foods and grocery ranges complements the con...
06 July 2015
Amazon has announced that it will introduce a day of promotions exclusively for Prime members to mark its 20th anniversary on 15 July. Black Friday in the summer Amazon has compared this newly created event to black Friday, saying that Prime Day will offer even more deals than its November equivalent. The company plans to introduce thousands of lightning deals, six popular Deals of the ...
11 June 2015
So it’s going to be '365 By Whole Foods Market'. The anticipation is over, although it was probably only analysts such as me who were getting excited by the prospect of what this new chain would be called. Social media once again made its own contributions, and given that ‘365 Everyday Value’ is the retailer’s value-orientated private label range, there were many suggestions which incorporated t...
08 June 2015
With Walmart about to launch its first test of online grocery pickup in Canada, we look at what it can learn from its initiatives in the UK and US. Already one of the ecommerce leaders in Canada Walmart has been an active operator in ecommerce in Canada since 2011, launching with a non-food proposition which has gradually been broadened over the last three and a half years. This has enabled...
08 June 2015
It is true to say that no other company runs an AGM quite like Walmart. Who else has Reese Witherspoon running the show with Mariah Carey, Ricky Martin and Rod Stewart performing between charts of shareholder returns and investment capital? However, beyond this rewarding experience for thousands of its global store associates, its annual Shareholders’ Week is an important opportunity for it to ou...
29 May 2015
As Costco moves into the final quarter of its current financial year, we review its latest performance and plans for future growth. Currency fluctuations impact top-line growth Costco’s third quarter sales increased by 1.1% to $25.5bn, with comparable stores sales down 1%. The retailer’s reported results would have been stronger without the impact of lower gas prices and the weakening of cu...