Canada news

04 June 2020
We review Costco’s May performance as trading evolves into a more normalised pattern and retailers start to adjust their strategies to win the one big shop. Asia recovery underpinning bounce-back Following a decline of 1.8% in April, including a fall of 0.5% in comparable club sales, the retailer’s performance bounced back in May. Net sales increased 7.5% to $12.6bn. Comparable club sales, ...
29 May 2020
We review Costco’s Q3 results, including how it’s adapting to a more normalised trading environment. Key numbers Net sales for the quarter increased 7.3% to $36.5bn Net sales, year-to-date are up 7.8% at $111.0bn Q3 comparable club sales, excluding currency and fuel impacts, were up 7.8%, including growth of 8.0% in the US, 3.0% in Canada and 12.2% in other international markets ...
28 May 2020
Loblaw is expanding its food waste programme with Flashfood to additional stores across Canada following. Last year, the initiative helped the retailer to divert 4.6m pounds of potential food waste from landfills. Products purchased through the Flashfood app The Flashfood app enables Loblaw customers to purchase food items nearing expiration at a reduced price, with discounts of up to 50%. ...
25 May 2020
The coronavirus (COVID-19) pandemic is re-shaping retail and the outlook for the sector. We highlight why Walmart will be one of the retailers that emerges stronger based on the trends currently emerging. The return of the big-box, one-stop shopping During the crisis, most retailers have reported a big switch-up in shopper behaviour. With the previous trend having been towards more frequent...
21 May 2020
Canada’s leading food and drugstore retailer has outlined the adjustments it’s making in-store as emergency measures steadily loosen across the country. Reopening service counters Over the coming weeks, Loblaw will start to make several changes in-store. This will include re-opening service counters within its supermarket formats, including in meat, seafood and bakery. It also plans on reop...
19 May 2020
We review Walmart's first quarter results and its outlook as the business adapts to the new trading environment. Walmart's key numbers Walmart's total revenue in Q1 increased by 8.6% to $134.6bn Operating income increased 5.6% $5.2bn Sales in its US stores increased by 10.5% and by 9.6% at Sam’s Club US comp store sales increased by 10.0%, with average ticket up 16.5% while tran...
19 May 2020
We look at Loblaw’s plans to bring back its Insiders Report this summer and how this aligns with the shifts underway due to the coronavirus pandemic. The kick-off to the seasons Loblaw’s Insiders Report is almost an institution in Canada. Historically, this has been published around the Christmas and summer seasons, showcasing the retailer’s new private label ranges and inspiring Canadians ...
08 May 2020
One year on from its first store opening in western Canada, FreshCo continues to push ahead with its expansion in the region. We review the progress the retailer has made with the format. Planning to convert 60-70 stores The retailer’s 15th store has opened in Kelowna, BC. Sobeys announced plans to bring its FreshCo concept to western Canada in late 2017 as part of its turnaround plan for t...
06 May 2020
We review Costco’s April performance as social-distancing measures impacted traffic and sales. Net sales fall 1.8% Costco’s net sales in April fell 1.8% to $11.4bn, while comparable stores sales fell 0.5%, excluding the impact of fuel and foreign currency movements. Comp sales were flat in the US, down 5.0% in Canada and up 2.0% in other international markets. The performance was impacted b...
01 May 2020
Loblaw has launched a new range of meal kits under the PC Chef brand, including a dedicated delivery service. $5 delivery fee The new range is currently available for next-day home delivery in the Greater Toronto Area. Customers can choose from a range of eight kits which serve two people, ranging from $17.00 to $19.50. Each kit consists of pre-portioned ingredients and a recipe card. The r...