Building on its recent out-performance, Costco delivered its highest-ever sales growth for the month of December. Net sales up 16.2% As one of the first global retailers to report on its holiday performance, Costco’s results provide a great read on consumer sentiment, especially in North America, which accounts for over 86% of its sales. Sales in December increased 16.2% globally to $22.2bn,...

With case numbers hitting record levels in the USA and Canada, we look at how retailers are being impacted by the surging Omicron variant. Surging COVID-19 cases North America is experiencing a surge in COVID-19 cases, accounting for around a third of all infections being reported globally. The latest seven-day averages for the USA and Canada are exceeding 400,000 and 35,000 cases respectiv...

Several new initiatives indicate that quick commerce is about to take off in Canada. We look at some of the companies looking to be in the running. Aiming for sub-60-minute deliveries Although companies such as Instacart and Cornershop have been operating in Canada for a couple of years, they have been mainly focused on deliveries in as little as one hour. However, several companies are pos...