Canada news

20 May 2014
Target has announced that it has replaced Tony Fisher as President and CEO of Target Canada. His role is taken by Mark Schindele, who had previously held the position of SVP Merchandising Operations for Target in the US. Disappointing first year for Target in Canada This change in leadership comes after a challenging first year for Target in Canada. The retailer opened 124 new stores in th...
15 May 2014
Walmart’s net sales increased by 0.8% in the first quarter to $114.1bn, with sales in its US stores and Sam’s Club divisions increasing by 2.0% and 0.1% respectively. International sales were down 1.4%. Consolidated net income attributable to Walmart decreased by 5.0% to $3.6bn. The results: quick take With the focus inevitably falling on Walmart’s performance at home, with it registering ...
08 May 2014
Loblaw has announced it has acquired Toronto-based Arz Fine Foods, a Middle-Eastern grocery retailer and bakery operator. Arz Fine Foods to operate as division of Loblaw Arz Fine Foods is a well-established, Middle Eastern focused supermarket.   Vicente Trius, Loblaw’s President and CEO, believes the partnership with the retailer will increase its global offering to Canadian customers. Lobl...
06 May 2014
Whole Foods Market has outlined plans to grow sales to $25bn by 2018 through a focused program of store growth and building out its ecommerce proposition. Half-way towards its long-term goal of 1,200 stores While Whole Foods Market has previously stated the potential to grow its store estate to 1,200 stores over the longer-term in the US alone, its newly released strategic plan focuses o...
05 May 2014
Target has announced that Gregg Steinhafel has stepped down from his positions as Chairman of the board of directors, president and CEO. John Mulligan, Target’s chief financial officer, has been appointed as interim president and chief executive officer. Roxanne Austin, a current member of the retailer’s board of directors, has been appointed as interim non-executive chair of the board. Gregg S...
30 April 2014
Loblaw’s first quarter revenue increased by 1.2% to $7.3bn, with retail same-store sales up 0.9%. Adjusted net earnings over the period increased by 3.7% to $139m. Drive top line investments through supply chain efficiencies Loblaw delivered a solid first quarter with same-store sales growth accelerating marginally versus the previous quarter. The business continues with its strategy to re...
25 April 2014
Walmart has announced the appointment of Greg Foran, currently president and CEO of Walmart China as president & CEO of Walmart Asia, effective June 1. Scott Price to lead international strategy and development Greg replaces Scott Price who is moving to a senior management role as executive vice president, international strategy and development, real estate, mergers and acquisitions, integ...
10 April 2014
Target is grouping a collection of over 120 products from 17 natural, organic and sustainable brands under the “Made to Matter – Handpicked by Target” branding. Brands partnering to introduce exclusive products for Target The products span Target’s baby, beauty and personal care, grocery, healthcare and household categories, and will be drawn from brands including Chobani, Kashi and the re...
07 April 2014
Within a week of completing the acquisition of Shoppers Drug Mart, the first private label product from Loblaw’s President Choice range has been introduced into the drugstore’s grocery offer. President’s Choice unifies retail banners Loblaw has chosen to use its iconic ‘Decadent’ chocolate chip cookie product to highlight to shoppers that changes are starting to be implemented following ...
28 March 2014
Loblaw has completed its acquisition of Shoppers Drug Mart, in a deal which brings together Canada’s largest grocery retailer and largest drugstore operator. Sets the long term strategic direction of the company This deal creates a retailing powerhouse, with combined sales of around $43bn, from a network of almost 2,500 stores. The acquisition is strategically important for Loblaw as it s...