Canada news

31 July 2013
Whole Foods Market’s third quarter total sales, covering the 12 weeks to July 7, increased by 12.1% to $3.1bn, with comp sales increasing by 7.5%. Net income increased by 21.4% over the period to $142m. Committed to improving promotional activity and relative price positioning Whole Foods Market continues to demonstrate strong sales momentum reflecting the focus which it has placed on impr...
25 July 2013
Best Buy, Canada’s fastest growing retailer and e-tailer of consumer electronics, entertainment software and personal computers is to start selling beauty and healthcare products online. Expanding assortment Best Buy is synonymous for being one of Canada’s leading consumer electronics retailers, however, it has announced the launch of a lifestyle brand that targets female customers and is...
24 July 2013
@WalmartLabs has acquired Torbit, a technology company specialising in front-end optimisation. Its primary focus has been to develop measurement, analytics and performance improvement tools to help companies identify and enhance their overall site performance. Talent acquisition an important element of the deal Strategic acquisitions have been a key element of the growth and development str...
24 July 2013
Loblaw’s second quarter total sales, for the 12 weeks to June 15, increased by 2.0% to $7.5bn, with net earnings up 14.1%. Retail sales increased by 1.9% over the period, with same-store sales up 1.1%. Improving performance reflects investments in pricing, fresh foods and category reviews These are a strong set of results from Loblaw , demonstrating the positive momentum which the company n...
24 July 2013
Speaking at Fortune's Brainstorm Tech conference, Neil Ashe, CEO of Global E-commerce at Walmart, said that the success of its multichannel initiative will be defined at a point when the retailer does not care where its sales come from. “Success is when we don’t care. An ultimate measure of success is when you decide you want to buy something from Walmart, and we don’t care if you buy it on y...
23 July 2013
The launch of Loblaw’s flagship store at Maple Leaf Gardens in Toronto in November 2011 marked a significant turning point in Loblaw’s format strategy. Designed to emphasise a return to a stronger focus on fresh foods, the store made a bold statement, and has provided a foundation for a number of recent new store openings. A distinctive look and feel Loblaw’s flagship store at Maple Leaf ...
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...