Canada news

06 November 2013
Whole Foods Market’s total sales in the fourth quarter increased by 2.2% to $3.0bn (12 week period this year versus 13 week period in 2012), with comparable store sales up 5.9%. For the full year, the retailer’s total sales increased by 10.4% to $12.9bn, with comparable store sales up 6.9%. Slowest comp sales growth since Q1 2010 The story of the quarter is the marked slowdown in Whole Fo...
31 October 2013
Sobeys has launched a new range of products under the ‘Compliments Presents: Jamie Oliver Discovers Canada’ private label as part of its partnership with the leading chef. Focusing on ready-to-cook to encourage Canadians to eat better This new range had been developed specifically for the holiday season and includes bakery, meat, seafood and deli items. With an emphasis on ready-to-cook prod...
31 October 2013
Amazon Canada has expanded its range of products to include more than 15,000 packaged grocery items. The online specialist has also added 200,000 auto parts to its offer in the country. Broad range of categories and brands offers The launch of this expanded grocery range builds on a number of new categories which Amazon has added in Canada this year including beauty, household products and t...
30 October 2013
Target has announced the final phase of its 2013 store opening plan for Canada, with 33 stores scheduled to open in November. These openings will see Target reach its goal of 124 new stores for the year. Focus will shift to improving execution There is no doubt that Target’s opening of 124 stores has been a significant undertaking. With the first stores only opening in March of this year...
24 October 2013
Attending an industry event in Montreal this week, provided an opportunity to hear directly from three grocery CEOs in Canada; Couche-Tard’s Alain Bouchard, Sobeys’ Marc Poulin and Walmart’s Shelley Broader. What did these leaders have to say about growth and differentiation? Sobeys growing the business through acquisition With a focus on driving growth in an era of disruptive change, Sobeys’...
24 October 2013
The Canadian Competition Bureau has approved Sobeys’ proposed acquisition of Canada Safeway, subject to the divestment of 23 stores. Deal includes grocery stores, distribution centres and manufacturing facilities Sobeys announced in June that it had reached an agreement to acquire all the assets of Canada Safeway in a deal worth $5.8bn. Net of the divestments, Sobeys will acquire 190 stores ...
16 October 2013
At its annual investors meeting this week, Walmart provided an update on the strategic priorities for its US stores operation, Sam’s Club, international, global e-commerce and the business as a whole. We outline the key takeaways from this important update. Building a unique market-based ecosystem in the US to capitalise on in-fill opportunities Walmart has identified a number of markets i...
11 October 2013
Safeway has announced plans to leave the Chicago area market by early 2014, where it operates 72 stores under the Dominick’s banner. Four sites divested to New Albertsons Inc Safeway entered the Chicago market with the acquisition of Dominick’s in 1998. However, since that time the retailer has scaled back its operations from 166 stores to 72 today. Having already started to market its sto...
10 October 2013
Loblaw has launched an e-commerce operation in Canada for its Joe Fresh clothing brand. Springboard for international expansion This initiative represents Loblaw’s first foray into the e-commerce channel, and could provide the foundation for broader international expansion, without having to establish stores in beyond North America. In addition to around 300 standalone and Superstore locati...
09 October 2013
Costco reported a 6.0% increase in net sales for the fiscal year ended 1 September 2013 to $102.9bn, with comparable store sales up 6%.  Operating income rose by 10.7%, to  $3,053m, for the full fiscal year. Sales increased by 1.0% in the fourth quarter, although this was a 16 week quarter, versus 17 weeks in 2012, with comparable store sales up 5%. First outlets to open in Spain next yea...