Canada news

18 July 2013
Shoppers Drug Mart’s second quarter sales, for the 12 weeks to June 15, increased by 3.3% to $2.5bn, with same-store sales up 2.0%. Net earnings over the period increased by 1.1% to $147.0m. Challenging environment for pharmacy Shopper Drug Mart’s front-of-store sales continue to grow ahead of pharmacy, reflecting the more challenging operating environment in the latter category. Front-en...
18 July 2013
Safeway’s second quarter total sales, for the 12 weeks to June 15, declined by 1.6% to $8.7bn, primarily due to lower fuel sales in and the divestment of Genuardi's stores last year. Identical store sales (ex-fuel) increased by 1.2% over the period. Adjusted net income increased by 2.0% to $125.1m. Within these results, the retailer’s Canadian operations, which are to be sold to Sobeys, are ...
17 July 2013
Loblaw has announced that it has reached an agreement to acquire Canada’s leading drugstore chain, Shoppers Drug Mart, for $12.4bn. Stewart Samuel looks at what this means for the Canadian grocery retail landscape and its shoppers. It was a combination that certainly hadn’t been expected, but on reflection, Loblaw’s plan to acquire Shoppers Drug Mart is a brilliant strategic move by Canada’s ...
15 July 2013
Loblaw has announced that it has reached an agreement to acquire Canada’s leading drugstore chain, Shoppers Drug Mart, for $12.4bn. Accelerating Loblaw’s health and wellness and small format initiatives This deal brings together Canada’s leading operators in the grocery and drugstore sectors to create a retailing power-house that will be uniquely positioned to captialise on key growth trends...
10 July 2013
Couche-Tard’s total merchandise and services revenues in the fourth quarter increased by 9.3% to $1,766m, with net earnings increasing by 24.3% to $146.4m. For the full year, merchandise and service revenues increased by 15.1% to $7,596m, with net earnings up 25.2% to $572.8m. Investing in its European operations to drive efficiencies and growth These results are the first set to incorpor...
28 June 2013
Canada-based Sobeys has announced full year results, saying that fourth quarter sales rose by 5.8%, to C$4.26 billion and annual sales were up by 8.4% to C$17.4 billion. Retailer enjoys strong sales growth During the fourth quarter Sobeys benefited from like-for-like sales growth of 0.6%, while total sales were boosted by the acquisition of 236 petrol forecourts and associated convenience ...
21 June 2013
Canada’s largest grocery retailer is trialling a new discount format as competition intensifies. EDLP on groceries In an attempt to attract more urban shoppers, Loblaw is experimenting with a new discount format in Calgary. At around 930sqm ‘The Box by No Frills’ is a smaller version of its ‘No Frills’ fascia and will leverage an EDLP strategy on groceries, fresh food and general merch...
14 June 2013
Canadian dollar chain Dollarama revealed sales growth of 12.6% for the quarter ended 5 May 2013, and a comparable store sales increase of 3.7%. New stores driving growth Dollarama has accelerated the pace of new store openings over the past year to 85, versus 54 in the previous comparable period. Difficult weather conditions in February and March 2013, compared to favourable weather for t...
12 June 2013
Sobeys has reached an agreement to acquire all the assets of Safeway Canada in a deal worth $5.8bn. Solidifying Sobeys’ market position This deal represents an excellent strategic fit for Sobeys , strengthening its presence in Western Canada where the majority of Safeway’s stores are located. It also solidifies Sobeys’ number two position in the Canadian market, with the deal lifting the r...
11 June 2013
Walmart Canada and P&G have launched 50 mobile stores, located in bus shelters, across Toronto, to enable commuters to purchase a range of baby and beauty products. Raising awareness of Walmart’s online offer Running for four weeks, this initiative will help to raise awareness of Walmart Canada’s e-commerce proposition as it continues to expand the ranges which are offered online . Commut...