Canada news

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...
02 May 2013
Loblaw’s first quarter retail sales increased by 3.4% to $7.0bn, with same-store sales up 2.8%. Over the same period, net earnings increased by 40.2%. Retail and supply chain investments starting to deliver These results from Loblaw represent one of its strongest quarterly performances for a number of years. They demonstrate that the investments which have been made in the retail operation...
25 April 2013
Metro Inc has reported second quarter adjusted net earnings growth of 7.8% to $215.5m. Total sales over the period fell by 2.6%, reflecting a calendar change, with same-store sales flat. Competitive pressures intensifying Metro’s flat same-store sales reflect the tough competitive environment in Canada , particularly in the retailer’s Quebec heartland. Walmart continues to push forward...
18 April 2013
Metro owned Marche Adonis has opened its first store in the Toronto area. This represents the first phase of the ethnic food retailer’s expansion outside of the Montreal area. Tailoring the offer for the local market Metro acquired a 55% stake in Marche Adonis in 2011. The ethnic food retailer, which specialises in fresh and Mediterranean products and prepared meals, also operates five st...
09 April 2013
Québec based Provigo, part of the Loblaw group in Canada, is investing $100m in its store network this year to roll-out new store concepts. New flagship to be developed for the Province Loblaw's investment will be split across a number of its chains, including Provigo, Loblaws, Maxi and Maxi & Cie. Part of the investment will be allocated towards developing the new concept version of Provi...
05 April 2013
Target’s first stores in Canada have their official launch today. The 24 stores in Ontario soft-launched over the last three weeks enabling the retailer to test systems and processes, including its supply chain. Food and grocery less critical in driving traffic in Canada The official launch of these stores is marked by its first promotional flyer.  Target's private label general merchand...