Canada news

11 February 2014
Whole Foods Market and Square are partnering to introduce new on-the-go purchasing options at the retailer’s foodservice counters, enabling shoppers to skip the main checkout lines. Initiative being implemented at seven test stores While Square has developed a range of hardware and software tools, it is best known for developing the free credit card reader for the iPhone, iPad, and Android de...
06 February 2014
Walmart Canada has announced plans to invest $500m this year in its stores, supply chain and ecommerce projects. Investing in infrastructure to support growth The expansion plan will fall into three broad categories. These include more than $376m on store projects, $91m on distribution network projects and $31m towards ecommerce projects. Walmart Canada will put this investment towards exp...
31 January 2014
Walmart has announced that fourth quarter comparable store sales, for the 13 weeks ending January 31, through its US stores and Sam’s Club operation, are expected to be lower than previously anticipated. Reductions in food stamps and winter storms having an impact Having initially expected fourth quarter comp store sales through its US stores to be flat, the retailer now expects these to be...
30 January 2014
Loblaw has announced plans to invest $100m in Québec this year to drive format development and store improvements. Renovation of existing stores This announcement is part of a long-term strategic commitment by Loblaw to the Province, and is in addition to the $100m already invested in 2013. New jobs will be created across the region, plus a significant part of this investment will go toward...
29 January 2014
Metro Canada has reported first quarter sales of $2.7bn, flat versus last year, with same-store sales down by 0.5%. Investing in pricing to drive sales growth Competition in the Canadian grocery market remains intense, with Metro making strategic price investments to drive an improved performance this quarter, versus the previous two quarters. Gross margins and net earnings were impacted ...
23 January 2014
Whole Foods Market has partnered with the Pivot TV network to launch a new TV series, ‘Dark Rye’ based on its consumer magazine of the same name. Helping the retailer reach out to Millennials Dark Rye was launched as an online magazine by Whole Foods Market in 2012. The publication focuses on food, health, sustainability, design, technology and social enterprise issues, and encourages cons...
21 January 2014
Target is set to open a smaller format, 20,000 sq ft (c. 2,000 sq m) store under the TargetExpress banner in Minneapolis later this year. Localised approach to store ranging Target will be testing this new format in its Minneapolis hometown, with the store scheduled to open in July. At around 15% the size of a typical Target store, it will be located within a mixed-use development in an u...
13 January 2014
Walmart has made a number of leadership and organisational changes within its International division, as reported by The City Wire . Changes made as new CEO sets to take leadership of the Company These changes have been made at Walmart  as Doug McMillon is about to take up the CEO role in February, with David Cheesewright replacing him as the President & CEO of Walmart International. One o...
12 January 2014
Target has updated its fourth quarter outlook, revealing that it expects comparable store sales to decline by 2.5%, versus previous guidance of flat comp store sales. Data breach impacts shopper confidence Target’s sales performance in the current quarter deteriorated following its announcement on December 19, 2013, with regards to a breach of its payment card data. Prior to the announcemen...
29 December 2013
To stimulate your thinking for 2014, six of our analysts have selected their favourite large stores of the past year. Tesco Extra (Watford, UK): creating a new future for hypermarkets? Nick Miles, Senior Business Analyst Tesco’s relaunched hypermarket in Watford was a ‘retail event of 2013’, seeing the retailer open the first of its new look ‘destination Extra’ stores and to create more...