Canada news

07 March 2013
Target, one of the largest US retailers, has marked its international debut by opening its first three stores in Canada. This is likely to have a  significant impact on the highly competitive Canadian retail sector, but the biggest effect is likely to be noticed by general merchandise retailers, given Target's reputation for excellence in this area. Two years in the making The opening of Ta...
27 February 2013
Target’s fourth quarter retail sales, for the three months to February 2, 2013, increased by 6.8% to $22.4bn, with comparable store sales up 0.4%. EBIT increased by 3.2% to $1.7bn. For the full year, total retail sales increased by 5.1% to $72.0bn, with comparable store sales up 2.7%. EBIT increased by 5.3% to $5.0bn. Robust full year performance built around three key initiatives Alth...
21 February 2013
Loblaw has reported that total sales, for the full year to December 29, 2012, increased by 1.1% to $31.6bn, with net earnings down 15.5% to $650m. Retail sales increased by 0.8% to $31.0bn, with same store sales down 0.2%. Retail operating income fell by 16.1% to $1,101m. Improving trends provide confidence on strategy Although the retailer only delivered marginal sales growth, and operating...
21 February 2013
Safeway’s total fourth quarter sales, for the 16 weeks to December 29, increased by 1.2% to $13.8bn, with identical store sales increasing by 0.8%. Net income attributable to Safeway increased by 13.2% to $244.0m. For the full year, total sales increased by 1.3% to $44.2bn, with identical store sales up 0.5%. Net income attributable to Safeway increased by 15.4% to $596.5m. Just for U prog...
14 February 2013
Whole Foods Market’s first quarter sales, for the 16 weeks to January 20, increased by 13.7%, with comparable store sales up 7.2%. Net income over the period increased by 24.3%. Strong performance although growth rates ease slightly Whole Foods Market has delivered another quarter of strong sales and earnings growth, extending its industry leading performance of the last two years.  The re...
11 February 2013
At IGD we keep a close eye on innovation and developments in our  industry.  Here are our latest top picks from around the world.  McCain multi-sensory bus stop ads When McCain launched its new Ready Baked Jackets, it created 3D bus stop adverts containing heating elements. As people activated them, they released  the smell of slow-baked jacket potatoes. The posters were located at bus  shel...
06 February 2013
Canadian dollar store operator Dollarama has entered into an agreement to provide sourcing services and business expertise to Central American dollar chain Dollar City. Eight-year agreement offers option to acquire majority share Dollarama will share its business and operational expertise with Dollar City, which is looking to expand its activities in Central America, Colombia, Peru and Ecuado...
29 January 2013
Metro Inc reported that first quarter sales, for the 12 weeks to December 22, 2012, increased by 2.7% to $2.7bn, with same-store sales up 1.5%. Net earnings increased by 17.1% to $121.4m. Focusing on fresh and loyalty to drive growth in 2013 This is a strong set of results from Metro as it has continued to grow basket size in a highly promotional and challenging market.  The focus in the ...
28 January 2013
Target has revealed its range of private brands, exclusive partners and limited time collections that will be available to Canadian shoppers when its first stores open in the country in March and April. Private label will support value credentials in grocery Many of the brands are recognised Target ranges which are currently available through its US stores. These include its food and co...
22 January 2013
Walmart Canada has announced plans to invest $450m in completing at least 37 Supercentre projects and expanding its distribution network in 2013. A return to normal growth rates This rate of expansion, which will see Walmart Canada add around 1.4m sq ft of retail space, is fairly consistent with its goal of opening between 35 and 40 new Supercentres each year. These typically include a mi...