Canada news

26 November 2013
Couche-Tard’s total merchandise and service revenues increased by 2.6% to $1.9bn over the 12 weeks to October 13. Same-store merchandise and service revenues increased by 4.5% in the US, 1.9% in Europe and 3.2% in Canada. Net earnings increased by 26.8% to $229.8m. Traffic driving strategies deliver for Couche-Tard Couche-Tard’s second quarter performance builds on an improved set of Q1 re...
21 November 2013
Google has added Costco to the range of retailers which are now part of its same-day delivery service, Google Express, which is operating in the San Francisco area. Google Express launched in September following testing Google started its same-day delivery just over a year ago in the San Francisco area, testing the service with its own employees. Building on this, in September, Google opened...
21 November 2013
Target’s third quarter sales increased by 4.0% to $17,258m. In the US, total sales increased by 2.0%, with comparable store sales up 0.9%. The Canadian business, which was launched this year, generated sales of $333m in the quarter. Net earnings fell by 46.4% to $341m. Highly promotional holiday period expected as consumers focus on value Target’s sales continue to be restrained by a cautio...
20 November 2013
Walmart is launching a pre-Black Friday savings event this week, lowering prices on a range of products to match selected Black Friday offers at Target, Toys R’ Us and Best Buy, one week early. Aiming to minimise the impact of its competitors on Black Friday With Walmart and its competitors announcing their key Black Friday promotions last week, this has provided the retailer with the oppor...
18 November 2013
Loyalty and personalisation are at the forefront of retailers’ strategies in Canada, with a number of new initiatives in this space being announced. Sobeys launches its new mobile app This week Sobeys has launched its mobile app. While this has similar functionality to the apps of grocery retailers globally, such as enabling users to browse recipes, discover weekly and seasonal must-try pr...
15 November 2013
Grocery retailers globally continue to channel investment into the development of their fresh food offers. With the goal of driving stronger traffic, improving the store experience, and providing shoppers with inspiration, store formats and concepts are being developed which bring this to life. As a recognised strength for North American retailers, our latest insight presentation, Seven prin...
14 November 2013
Walmart’s Q3 results reveal continued weakness in its core US stores with total sales up 2.4%, and comp store sales, a key benchmark indicator, down 0.3%, in line with the previous quarter. Total and comp store sales at Sam’s Club were up 1.1%, while internationally, sales growth remains tough, up 0.2% in the quarter. However, all business units grew operating income ahead of sales. Tota...
13 November 2013
Metro Canada’s fourth quarter sales decreased by 1.1%, with same-store sales down 0.8%. Adjusted net earnings over the period increased by 0.2%. For the full year, total sales fell by 0.4% to $11,403m, with adjusted net earnings from continuing operations up 3.9% to $478.4m (based on a 52-week comparison). Competition intensifies as space growth exceeds market growth Metro’s fourth quar...
13 November 2013
Loblaw’s third quarter retail sales increased by 1.5% to $9.8bn, with same-store sales growth of 0.4%. Adjusted net earnings declined by 3.5% over the period to $220m. Investing in food categories impacts earnings growth These results represent Loblaw’s third straight quarter of same-store sales growth, delivered in what is becoming an increasingly competitive environment. During the quart...
13 November 2013
Shoppers Drug Mart’s third quarter sales increased by 2.4% to $3.3bn, with same-store sales up 2.2%. Promotional investments driving up basket size This is another solid set of results from Shoppers Drug Mart, particularly given that it was expected to be impacted by Target’s market entry. The retailer appears to be unaffected by the initial Target store openings given the increase in pha...