Canada news

08 June 2013
The final day of IGD’s trip to Bentonville included the Annual General Meeting, the focal point of its shareholders week, with a high energy early morning meeting of 14,000 Walmart associates and shareholders. Senior execs then also gave a Q&A with analysts. Shareholders' Meeting As always, the event included some big name acts including host Hugh Jackman and performances from John Legend, K...
07 June 2013
Day two of IGD’s trip to Bentonville included a visit to a Walmart Distribution Centre, a Supercenter and meetings and Q&A with key Execs. Key highlights are as follows: Key Insights from Day Two 1. Distribution Centre Tour DC #6094 is a Regional DC serving 130 Walmart Supercenters, discount stores, Neighborhood Markets and Walmart Express stores in parts of Arkansas, Missouri, Oklahoma a...
06 June 2013
Loblaw’s is to launch a new fresh supermarket format in selected stores in Quebec. $100million investment to focus on fresh The retailer is planning on spending around $100m on upgrading and rebranding some of its stores in Quebec to its new ‘Provigo Le Marché’ banner by the end of 2013. The first of seven stores to receive a makeover are its Kirkland store in Montreal and a new Sherbr...
06 June 2013
IGD is in Bentonville this week to cover the annual Walmart Associates and Shareholder event. It’s a key week in the Walmart calendar, bringing together media, analysts, shareholders and associates for an update and celebration of everything Walmart. Today we attended a session at Sam’s Club as well as several presentations with key Walmart Execs. Key Insights from Day One 1. Sam’s Club: Se...
30 May 2013
Costco’s net sales over the third quarter increased by 7.8% to $23.6bn, with comparable store sales increasing by 7% (ex-fuel and currency impacts). Net income over the period increased by 18.9% to $459.0m. Increased visit frequency driving sales growth Costco delivered another strong quarter, driven predominantly by a stronger visit frequency while average transaction remained broadly fla...
22 May 2013
Target’s net earnings fell by 25.9% to $498m in the first quarter, covering the three months to May 4. Total sales increased by 1.0% to $16,706m, with comparable store sales down 0.6%. Confident of strategy as weather impacts sales Target’s results were below expectations, with the retailer highlighting softer than expected sales in clothing and other seasonal and weather-sensitive categori...
20 May 2013
Target is establishing a Technology Innovation Centre in San Francisco which will be used to drive its developments in e-commerce, particularly mobile commerce, online search and social media. Developers attracted by Target’s scale The new unit mirrors Walmart’s initiative in establishing @WalmartLabs in the area over two years ago. To date, around 20 people have been recruited into the te...
15 May 2013
@WalmartLabs has made two further acquisitions, OneOps and Tasty Labs, to boost its capabilities in platform and cloud development and social integration. Adding technology and talent through acquisition These latest acquisitions represent a continuation of @WalmartLabs’ strategy to build its team by strategically adding technology and talent through key acquisitions. The acquisition of One...
09 May 2013
Whole Foods Market’s second quarter sales, for the 12 weeks to April14, increased by 13.4% to $3.0bn, with comparable store sales up 6.9%. Net income over the period increased by 20.3% to $142m. Improving its relative pricing positioning Whole Foods Market delivered another strong quarter of sales and profit growth as it continues to benefit from investments in value and differentiation. ...
06 May 2013
Loblaw has launched a new fully-digital loyalty program, PC Plus, in Ontario Loblaws banner stores. PC Plus: our view This program will provide Loblaw with an additional layer of insight on its shoppers which will enable it to focus on building loyalty and generating higher spend levels from its most loyal shoppers. It also provides the retailer with a platform with which to engage its sh...