Canada news

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...
26 September 2013
Loblaw has announced that company executives Grant Froese and Mark Butler have been appointed to the newly created roles of chief administrative officer and executive vice president, integration, respectively. Grant Froese tasked with building Loblaw’s competitiveness and efficiency Grant Froese assumes responsibility for Supply Chain, IT, and SAP implementation, as well as the division su...
18 September 2013
Canada Post is partnering with a number of retailers, including Walmart and Best Buy, to offer same-day delivery for online shopping in Toronto. Pilot project in Toronto Canada Post is trialling a same-day delivery service, “Delivered Tonight” in the Greater Toronto area, in order to test the potential demand for this service as it seeks to develop new revenue streams. Orders placed before 12...
12 September 2013
Canadian retailer Sobeys has launched a new brand positioning and tagline for its Sobeys banner stores, 'Better Food For All'. .style1 { text-align: center; }.style2 { text-align: right; font-size: xx-small; } Focusing on helping shoppers eat better and save money The new brand positioning is an integral part of the retailer’s recently announced partnership with Jamie Oliver. Sobeys is...