Couche-Tard news

30 June 2021
With more than 14,000 stores globally, Couche-Tard’s vision is to become the world’s preferred destination for fuel and convenience. Its mission is to make its customers’ lives a little easier every day. We review the retailer’s future outlook and annual results for the year ending 25 April 2021. Key numbers Fourth quarter merchandise and service revenues up 15.2% to US$3.7bn Same-sto...
10 June 2021
Convenience retailer Circle K has introduced 100 autonomous mobile robots (AMRs) in its 140,000 square foot distribution centre in Hong Kong. AMRs provided by Geek+ Geek+ is a technology company specialised in advanced robotics and AI technologies, and provides robotics solutions for warehouses and supply chain management. The AMRs will be used to move racks of goods to human employees p...
20 April 2021
The convenience channel remains a great opportunity for growth. We have published a series of new reports for our IGD Retail Analysis subscribers: The convenience channel’s global outlook Global growth opportunities Multiformat retailers trading convenience stores Below are some of the key highlights to help you plan for the future... Use IGD’s view to drive change...
22 March 2021
We review Couche-Tard’s third quarter performance and growth strategies. Key numbers Total revenue down 20.8% to $13.2bn YoY Merchandise and service revenues up 5.6% to $4.5bn YoY Road transportation fuel revenues down 29.7% to $8.5bn YoY Other revenue down 40.9% to $148m Same-store merchandise sales up 4.7% in Canada, 2.9% in the US and 2.8% in Europe and other re...
08 March 2021
Earlier this year, we outlined five global trends that will shape the convenience channel this year and beyond. Below are some case studies to show how sustainability and health are rising up the agenda. Taiwan: increasing healthier options Well-known Taiwanese brand I-Mei is promoting new products at FamilyMart, emphasising local origin, quality and no preservatives added. While Famil...
26 February 2021
Earlier this year, we outlined five global trends that will shape the convenience channel this year and beyond. Below are some case studies to show how convenience retail and technology are connecting further. Edeka opens automated store in Germany Edeka has opened a 24/7 automated convenience store at Renningens train station. ‘E 24/7 Karow & Sommer’ stocks 300 SKUs items and will gra...
05 February 2021
Last month, we outlined five global trends that will shape the convenience channel this year and beyond. While it is still early, we are already seeing new proof-points in support of our views. Acqusitions supporting physical expansion recovery Physical expansion in convenience retail is much more fluid compared to larger formats. While this has slowed since the pandemic, plans that were pl...
21 January 2021
Amongst all modern retail channels, the impact of COVID-19 from a global perspective, has varied the most in convenience. The channel, however, continues to offer a massive opportunity for retailers and suppliers globally, benefiting from longer term consumption trends such as smaller households and more consumers shopping locally. With this in mind, we have identified five themes that we expect ...
18 January 2021
Having entered in preliminary discussions around a potential transaction, these have now ended, with Carrefour and Couche-Tard switching their focus to explore opportunities for operational partnerships. Opposition to any deal The discussions had been initiated by Couche-Tard’s “friendly approach” to Carrefour with the objective of acquiring the France-based retailer. However, these d...
15 January 2021
Couche-Tard, which operates the Circle K brand globally, has launched a live retail lab store in Montreal featuring an autonomous shopping experience, in partnership with McGill University. Autonomous store experience The lab store has been launched to enable the testing of innovative and frictionless technologies in a live environment. Located on McGill University’s downtown campus in the ...