Canada news

11 December 2014
As Costco announces strong Q1 2015 results, we look at how the retailer continues to develop its growth strategy in store expansion, online and through new engagement initiatives to drive traffic. Total sales up 7.4% Costco's net sales were up 7.4% to $26.3bn in Q1. Net income increased by 17% to US$486m for the quarter. Comparable sales, excluding negative impacts from gasoline deflation a...
11 December 2014
We visited Sephora’s flagship store in Vancouver where we discovered exclusive services and rewards for loyal customers. Sephora opens new Vancouver store In related news Sephora has opened its first store in Australia which is in keeping with its five year growth strategy which can be viewed here . This follows the launch of its new flagship store in Vancouver in late October...
23 November 2014
As retailers across the US prepare for Black Friday, we take a look at how they are approaching this important trading period, and how this key shopping event is gaining traction in other countries. Quick take: our view There is no mistaking the importance of Black Friday in the US retail calendar, with the hype having been building for several weeks. Controlled ‘leaks’ and pre-event sales...
19 November 2014
Following his appointment earlier this year, Target’s Chairman and CEO, Brian Cornell has started to shape his vision for the retailer. Key principles driving the long-term vision Under the direction of Brian Cornell, the business is focused on determining its long term vision. This will provide strategic clarity to the team, articulate what Target stands for in today’s marketplace and hel...
19 November 2014
As Target updates on its third quarter performance, we look at how its Canadian operations performed. Quick take: our view It is clear that under the leadership of new CEO, Brian Cornell, the total business has been re-energised and is moving much quicker to implement some quick wins as it enters the critical holiday season. Fixing Canada remains a priority, although its US operations are ...
19 November 2014
Metro’s fourth quarter sales increased by 3.9% to $2.7bn, with same-store sales up 3.1%. Net earnings increased by 6.2% on an adjusted basis. For the full year, the retailer’s sales increased by 1.7% to $11.6bn, with same-store sales up 1.1%. Investing in pricing to drive stronger traffic This was a solid quarter for Metro which saw strong sales across all of its banners. The retailer s...
13 November 2014
While Walmart's improving US performance  dominates the headlines, we take a look at the wider performance of the business in Q3. The results: our quick take Having issued new guidance last month, downgrading sales growth to 2% to 3% for the full year, the results were broadly in line with expectations. Under the leadership of Doug McMillon, the retailer’s President & CEO since February t...
13 November 2014
Amazon is reportedly set to test drones in the UK and today launched a dedicated amazon.nl site for the Netherlands. Meanwhile, same day delivery recently launched in Canada. Amazon.nl goes live Following long-standing rumours of a Netherlands launch, Amazon has gone live with with a Kindle store, which is similar to Amazon’s local language operations in Brazil and Russia. The site has laun...
12 November 2014
As Loblaw reports a solid set of results for the third quarter, we take a look at the progress which it is making against its strategic priorities. Integrating Shoppers Drug Mart During the quarter, Loblaw realised almost $44m of net synergies associated with the acquisition of Shoppers Drug Mart during the latest quarter, primarily in the cost of goods sold. It remains on track to achieve ...
06 November 2014
Following Whole Foods Market’s full year results , we take a fresh look at its growth platforms for the year ahead. Portfolio growth - The retailer continues to see demand for 1,200 stores in the US, and is expected to cross the 500-store mark in 2017 Store re-models - Over the next year it will re-fresh 70% of its stores which are over 10 years old, from minor décor treatments ...