Canada news

18 August 2020
We review Walmart's second quarter results and its outlook as the business adapts to the new trading environment. Walmart's key numbers Walmart's total revenue in Q2 increased by 5.6% to $137.7bn Operating income increased 8.5% to $6.1bn Sales in its US stores increased by 9.5% to $93.3bn and by 8.8% to $16.4bn at Sam’s Club US comp store sales increased by 9.3%, with average ti...
17 August 2020
Couche-Tard, which operates mainly under the Circle K brand globally, is partnering with Standard Cognition to pilot autonomous checkout technology at four stores in Arizona. Leading autonomous checkout startup Under this partnership, the two companies will retrofit an existing convenience store with autonomous checkout technology in Phoenix. San Francisco based Standard Cognition was one o...
31 July 2020
Sobeys is converting a further three existing stores to the Farm Boy format, underlining the strength of this format in high density areas. Doubling the network Sobeys acquired Farm Boy at the end of 2018, in a deal designed to help the retailer drive its penetration in urban locations. At the point of acquisition, Farm Boy operated 26 stores in Ontario, with the company announcing plans to...
30 July 2020
Building on an earlier pilot, Costco Canada and Instacart are partnering for a national same-day grocery delivery programme. On-demand delivery Same-day delivery will be offered from 76 of Costco Canada’s 101 outlets. The national roll-out follows on from a two-month pilot in Ontario. Although Costco Canada has offered a non-food, home delivery ecommerce proposition for several years, this ...
29 July 2020
We look at how Walmart Canada is activating back-to-school in-store and online. A different back-to-school In Canada, there remains a high degree of uncertainty with regards to the future school year due to the COVID-19 pandemic. Each province is responsible for setting the timelines and guidelines for the reopening of schools, colleges and universities. In most provinces, schools did reope...
24 July 2020
We review Loblaw’s second quarter results, it’s record ecommerce growth and long-term strategic direction. Key numbers Revenue increased 7.4% to $12.0bn, with retail segment sales up 7.9% to $11.8bn Food retail same-store sales were up 10.0%, while drug retail same-store sales fell 1.1% COVID-19 investments totalled $282m Operating income fell 31.3% to $404m Net earnings fell...
22 July 2020
Sobeys has launched a new three-year growth strategy, Project Horizon, following the recent completion of its turnaround plan, Project Sunrise. Central to the new strategy is the acceleration of its ecommerce initiatives. Our view: a big bet on ecommerce Much of what has been announced is a continuation of programmes which were underway, including the expansion of Farm Boy and FreshCo, or a...
20 July 2020
We look at Walmart Canada’s $3.5bn investment plan, the programmes its drawing on from the US and what it means for the business. Plans shaped by new CEO The retailer’s five-year plan to invest $3.5bn its stores, supply chain and technology comes nine months after the appointment of Horacio Barbeito as the retailer’s new president and CEO. He joined the retailer having held leadership roles...
19 July 2020
We look at how retailers are adapting to the easing of lockdown restrictions in Canada, in-store and through their ecommerce platforms. Most provinces are making solid progress through the different phases of their re-start plans. We look at how retailers in BC are adapting, with the province recently moving into phase three of its four-phase re-start plan. Phased re-start plan As one of Ca...
10 July 2020
Costco's sales continue to improve, with net sales in June up 11.1% to $16.18bn. This reflects the shift towards one big shop and Costco's strength in this area. Strong growth across its markets The performance in June builds on the progress made in May, when net sales increased 7.5% to $12.6bn. During the month of June, sales were up in all regions, with the US growing by 11%, Canada up 8....