Canada news

26 June 2014
Empire Co. Ltd., owner of Canadian supermarket chain Sobeys, has announced it will close 50 Sobeys stores, mainly in Western Canada, in order to improve profitability. Review revealed underperforming stores The stores are being shut after a review of its store network last Fall revealed a number of underperforming stores. The stores represent 1.5 million square feet of floor space, 3.8% o...
20 June 2014
Walmart Canada has appointed Dirk Van den Berghe as president and CEO, effective August 1. Experienced retail leader Mr. Van den Berghe will report to Shelley Broader who was recently promoted to president and CEO of Walmart's EMEA region, covering its operations in Europe, the Middle East, Africa and Canada, having previously led the business in Canada. Mr. Van den Berghe joins Walmart fr...
18 June 2014
Metro Canada has acquired a strategic interest in Première Moisson, a leading premium Quebec bakery and retailer. This comes as the retailer invests in developing its premium food offer in order to differentiate from competitors. Premiére Moisson gains from long-standing relationship Premiére Moisson, a family-owned company, was founded in 1992 and offers a wide range of baked goods and go...
10 June 2014
Metro Canada will make its way to ten festivals in the Quebec region this summer via its own food truck.  This will be supported by the retailer’s buyers, providing them with the opportunity to engage directly with their suppliers and customers.  Festival-goers to taste regional products Metro's food truck will visit ten festivals in the Quebec region as part of the Grande Tabl ée...
07 June 2014
Speaking at Walmart’s Annual General Meeting, the retailer’s President & CEO, Doug McMillon, outlined his vision for the company, focusing on being customer driven, investing in people and being at the forefront of innovation and technology. Picking up the pace of change to better focus on shoppers In what was his first AGM as CEO, McMillon delivered an upbeat and visionary message for Wal...
06 June 2014
IGD has been at Walmart’s Shareholders’ events in Bentonville this week, meeting with the senior leadership and visiting the retailers’ latest store concepts. This provided us with a great opportunity to see how Walmart is evolving its offer in response to key retail trends. Re-inventing the hypermarket with new technologies Technology products have been at the heart of Walmart’s aim to r...
02 June 2014
Walmart has promoted Shelley Broader to the role of executive vice president, president and CEO of Walmart EMEA, with responsibilities for the retailer’s operations and business development in Europe, the Middle East, Sub-Saharan Africa and Canada. One of Walmart’s three key international leads Ms. Broader had previously held the role of president and CEO of Walmart Canada since September ...
30 May 2014
Costco’s third quarter revenue increased by 7.1% to $25.8bn, with comparable store sales (ex-fuel and currency impacts) up 6%. Net income attributable to Costco increased by 3.1% to $473m. Food categories deliver solid performance These results reveal an improving performance versus the previous quarter, although they continue to be negatively impacted by exchange rate movements. Food ca...
29 May 2014
Target has formed a Digital Advisory Council, which is made up of top digital innovators in order to build its online credibility and take leadership of the omnichannel revolution. Technology industry leaders to drive Target forward The council will consist of a number of leaders in the digital world including: Ajay Agarwal - Managing Director of Bain Capital Ventures Amy Chang – C...
22 May 2014
Target’s first quarter sales increased by 2.1% to $17.1bn, with comparable store sales in the US down 0.3%. Net earnings fell by 16.0% over the same period. Focusing on driving traffic and innovation in the US Target continues to experience a challenging trading environment in the US. Traffic to its stores declined in the wake of the security breach of its payment card data which occurred...