Canada news

02 December 2020
Third quarter key numbers Dollar Tree’s consolidated net sales increased 7.5% to $6.2bn, with enterprise same-store sales up 5.1% Same-store sales for the Family Dollar banner increased 6.4%, while Dollar Tree same-store sales increased 4.0% Operating income increased 9.9% to $465.5m Customers shopping events and holidays early Dollar Tree saw a strong performance across most ...
27 November 2020
Canada’s leading food retailer, Loblaw, has acquired the technology and related team from Eyereturn Marketing Inc., a subsidiary of Torstar Corporation to support the growth of Loblaw Media. Enhancing targeted campaigns and promotions The retailer launched Loblaw Media last year with the aim of capturing a greater share of brands’ spending on digital marketing. This acquisition will enable ...
26 November 2020
We look at how Circle K’s parent company, Couche-Tard, continues to adjust to the pandemic and the changes it’s making across its global operations. Second quarter key numbers Total merchandise and service revenues increased 6.3% to $3.8bn Same-store merchandise revenues increased 8.6% in Europe, 4.4% in the US and 11.4% in Canada Operating income increased 32.0% to $1.0bn 1. ...
23 November 2020
Loblaw is partnering with Gatik to deploy a fleet of autonomous delivery vehicles to transport goods from its automated picking facility to retail locations in Toronto. Expanding 10-month pilot programme Starting next January, this will build on a 10-month on-road pilot which has been underway in Toronto using one delivery vehicle. Gatik will upfit five Ford Transit 350 box trucks with refr...
19 November 2020
Walmart Canada is expanding is partnership with San-Francisco based Focal Systems for the deployment of shelf-edge cameras. Improving product availability Building on a pilot programme, Walmart Canada will expand Focal Systems’ out-of-stock solution to additional stores next year. This forms part of a $3.5bn investment programme announced earlier this year. Focal’s cameras automatical...
18 November 2020
We review Metro’s fourth quarter and its plans for further ecommerce investments. Key numbers Fourth quarter sales increased 7.4% to $4.1bn Food same-store sales up 10.0% and pharmacy same-store sales up 5.5% Net earnings up 11.4% to $186.5m Full year sales up 7.3% to $18.0bn, with net earnings up 11.5% to $796.4m Source: IGD Research Conventional growing ahead of d...
17 November 2020
We review Walmart's third quarter performance and the outlook for the business as it prepares for the holiday trading period. Walmart's key numbers Walmart's total revenue in Q3 increased by 5.2% to $134.7bn Operating income increased 22.5% to $5.8bn Sales in its US stores increased by 6.2% to $88.4bn and by 8.3% to $15.8bn at Sam’s Club US comp store sales increased by 6.4%, wi...
17 November 2020
The divestment of 85% of its stake in Seiyu in Japan is the most recent of several retrenchments globally for Walmart. We look at how this move aligns with its international strategy and what it means for the business going forward. Last new market entry in 2011 With nine years having passed since Walmart’s last entry into a new market, its recent round of international divestments should c...
16 November 2020
We review Loblaw’s third quarter performance, including how its supporting ecommerce growth, expanding its meal solutions offer and investing in pricing within its discount business. Q3 key numbers Total revenue up 6.9% to $15.7bn Retail segment sales up 7.2% to $15.5bn Food retail same-store sales increased 6.9%; market division up 9.7%, discount up 4.7% Drug retail same-store ...
05 November 2020
Convenience Retail Asia, a subsidiary of Li & Fung, has agreed to sell its Circle K convenience store business in Hong Kong to Canadian retailer Couche-Tard for HKD2,790m (US$360m). Significant change in Hong Kong CRA’s Circle K HK trades a network of Circle K-licensed convenience stores, with 340 company-operated sites in Hong Kong and 33 franchised sites in Macau. Circle K is the second l...