We review Sobeys’ second quarter performance as it enters the final phase of its turnaround plan, Project Sunrise. More promotional marketplace Second quarter sales increased 3.6% to $6.4bn, with same-store sales up 2.0%. Sales growth was broad-based across its formats, with customer count and basket size up. The retailer also saw strong growth in operating income, up 65.2% to $286.4m, supp...

As the retailer announces plans to open 10 additional stores in Ontario over the next two years, we look at what makes this a powerful format for the retailer. Driving growth in urban locations Sobeys acquired Farm Boy last December in a deal designed to help Sobeys drive its penetration in urban locations. At the time, Ottawa-based Farm Boy operated 26 stores. It was a great acquisition fo...

Metro is selling its stake in the MissFresh meal kit business it acquired in 2017. Company being acquired by Cook it Founded in Montreal in 2015 by Marie-Eve Prevost, Bernard Prevost, and Ritter Huang, MissFresh is a Canadian meal kits company. Following the deal in 2017 MissFresh's three cofounders retained 30% of the capital and continued to take an active part in the company's management...