Canada news

06 May 2019
Walmart Canada will remodel 31 stores this year as part of a $200m investment package in its store network. $5bn investment over last five years This latest investment builds on the $175m it spent last year on its stores, and over $1bn in the last five years. This year, Walmart will expand its fresh food Supercentre format to additional locations and create a more seamless pickup experience...
02 May 2019
We review Loblaw’s first quarter results and three of its major initiatives for the current financial year. Food retail same-store sales up 2.0% Loblaw’s first quarter revenue increased 3.1% to $10.7bn, with retail segment sales up 2.9% to $10.5bn. Food retail same-store sales increased 2.0%, with drug retail same-store sales up 2.2%. Operating income increased 19.9% to $451m. Within food r...
01 May 2019
As Wegmans becomes the latest North American food retailer to offer meal delivery, we look at how operators are optimising their foodservice investments to build bigger businesses. Tapping into a growing meal delivery customer base Wegmans has built a world-leading reputation for its prepared foods ranges. They are a central element of its offer and a major driver of traffic to its stores. ...
29 April 2019
Sobeys has opened its first FreshCo discount format in western Canada, as part of its plans to improve its competitiveness in the region. Improving its competitiveness in western Canada The retailer announced plans to bring its FreshCo concept to western Canada in late 2017 as part of its turnaround plan for the region. Sobeys’ business in western Canada has been impacted by several issues,...
18 April 2019
Loblaw’s drugstore business, Shoppers Drug Mart, has started to offer same-day delivery through the company’s partnership with Instacart. Builds on existing relationship with Instacart Instacart is a crowd-sourced, on-demand, online delivery service. It initially partnered with Loblaw in 2017, marking its entry into the Canadian market. Until now, the service was only available through the ...
18 April 2019
We review Metro Inc.’s second quarter results and progress with the integration of drugstore chain, Jean Coutu. Solid gains in food with same-store sales up 4.3% Metro’s second quarter sales increased 27.7% to $3.7bn, reflecting the acquisition of drugstore operator, Jean Coutu. Excluding this, sales were up 4.0%. The retailer’s food same-store sales were up 4.3%, with pharmacy same-store s...
16 April 2019
Metro is launching a new initiative in Québec where customers can use their own reusable containers and zipper bags to purchase fresh products at its supermarkets. Reducing single-use plastic packaging Going live at the end of April, Metro’s deli, ready-to-eat meals, meat, fish and seafood and pastry counters in all its supermarkets in Québec will accept customers’ resealable plastic contai...
04 April 2019
Loblaw is launching a trial digital advertising service that rewards customers with loyalty points for seeing relevant and tailored ads on third-party websites. Providing customers with more relevant digital ads This new programme will optimise data from Loblaw’s PC Optimum loyalty and rewards scheme to provide its customers with more relevant ads as they browse the internet. PC Optimum is ...
21 March 2019
We review Couche-Tard’s third quarter performance and how it’s developing new food-to-go offers in North America and Europe. Record profit performance Total third quarter revenue increased 4.6% to $16.5bn, with merchandise and service revenue up 8.8% to $4.2bn. The retailer also saw strong growth in same-stores sales, increasing by 4.9% in Canada, 4.5% in the US and by 2.9% in Europe. Profi...
14 March 2019
We review Sobeys’ third quarter performance and progress against its turnaround plan, Project Sunrise. Turnaround on-track but significant work remains to fulfill potential Sobeys’ third quarter sales increased by 3.6% to $6.2bn, with same-store sales (ex-fuel) up 3.3%. Total sales growth was supported by the acquisition of Farm Boy. Adjusted net earnings fell 18.9% to $72.9m, reflecting Fr...