Canada news

09 March 2020
Sobeys is partnering with Infarm, a leading indoor vertical farming company, to grow and harvest a range of fresh produce within its stores across Canada. Launching initially in Vancouver Through this partnership, Sobeys will initially introduce a range of herbs at two Safeway stores in Vancouver this Spring before expanding the programme to additional banners in Calgary, Edmonton, Halifax,...
09 March 2020
We review Costco’s second quarter performance, as it continues to set the pace among global retailers. Comparable club sales up 7.9% Costco’s net sales increased by 10.5% to $38.3bn in Q2, with comparable club sales up 7.9%, excluding fuel and currency impacts. The retailer saw strong growth across its global operations, with comparable sales up 8.1% in the US, 6.8% in Canada and 7.1% in ot...
24 February 2020
Sungiven Foods, which operates around 100 grocery stores in China, has recently entered the Canadian market. We visited the first location to open in Vancouver. Differentiated store format The retailer, which operates stores in Xiamen, Dalian, Quanzhou, and Shenzhen in China, has entered the Canadian market with a differentiated concept to target the ethnic market. At around 15,000 sq ft, t...
20 February 2020
We review Loblaw’s fourth quarter performance, including the ongoing growth of its ecommerce business.  Top line results Fourth quarter revenue increased 3.3% to $11.6bn Retail segment sales were up 3.1% to $11.3bn Food retail same-store sales growth of 1.9% Drug retail same-store sales growth of 3.9% (pharmacy up 6.1%, front store up 2.2%) Operating income up 21.6% to $541m ...
19 February 2020
Walmart has updated its forward-looking strategy. Here are 10 key facts to consider as you build your trading plans with the retailer. 1. Staying the course despite holiday sales miss The business remains confident in the long-term strategy and delivering growth despite the miss during the holidays. It was an isolated issue in toys, gaming and clothing. Activities are underway to fix this. ...
18 February 2020
We review Walmart's fourth quarter and full year results and its expectations for the year ahead. Walmart's key numbers Walmart's total revenue in Q4 increased by 2.1% to $141.7bn Sales in its US stores increased by 1.9%, with Sam’s Club up 2.6%. US comp store sales increased by 1.9%, and by 6.0% on a two-year basis Sam’s Club comp sales (ex-fuel) were up 0.8% International n...
13 February 2020
Locally operated Fresh St. Market has opened a flagship store in the heart of Vancouver, launching one of the city’s most anticipated new food retail stores of 2020. Global landmark Fresh St. Market has developed a strong local following and global retail interest since the launch of its first store in 2013. This latest opening brings the network to five locations, with further stores in th...
13 February 2020
Couche-Tard has increased its bid to acquire Caltex Australia, one of the country’s leading forecourt operators. Final offer Couche-Tard, which trades under the Circle K brand in most markets, has increased its bid to A$35.35 a share, following two earlier proposals. The company has stated that this will be its final offer, in the absence of a competing offer. It represents a premium for Calt...
10 February 2020
Sobeys has opened its first Rachelle Béry health boutique outside of Quebec. We recently visited one of the stores in Vancouver. First launch outside of Quebec The concept has recently been incorporated into a remodelled Safeway store in Vancouver and a Sobeys in St. Catharines, Ontario. In Quebec, the Rachelle Béry concept operates as standalone stores and in-store boutiques, featuring wit...
05 February 2020
Sobeys’ parent group, the Empire Company, is partnering with District Ventures to become the title sponsor of the District Ventures’ Accelerator program and District Ventures Kitchen. Helping companies to commercialise their products Established in 2015, District Ventures is led by Arlene Dickinson, one of Canada’s most renowned entrepreneurs and investors. It focuses on bringing capital, m...