Canada news

25 April 2013
Metro Inc has reported second quarter adjusted net earnings growth of 7.8% to $215.5m. Total sales over the period fell by 2.6%, reflecting a calendar change, with same-store sales flat. Competitive pressures intensifying Metro’s flat same-store sales reflect the tough competitive environment in Canada , particularly in the retailer’s Quebec heartland. Walmart continues to push forward...
18 April 2013
Metro owned Marche Adonis has opened its first store in the Toronto area. This represents the first phase of the ethnic food retailer’s expansion outside of the Montreal area. Tailoring the offer for the local market Metro acquired a 55% stake in Marche Adonis in 2011. The ethnic food retailer, which specialises in fresh and Mediterranean products and prepared meals, also operates five st...
09 April 2013
Québec based Provigo, part of the Loblaw group in Canada, is investing $100m in its store network this year to roll-out new store concepts. New flagship to be developed for the Province Loblaw's investment will be split across a number of its chains, including Provigo, Loblaws, Maxi and Maxi & Cie. Part of the investment will be allocated towards developing the new concept version of Provi...
05 April 2013
Target’s first stores in Canada have their official launch today. The 24 stores in Ontario soft-launched over the last three weeks enabling the retailer to test systems and processes, including its supply chain. Food and grocery less critical in driving traffic in Canada The official launch of these stores is marked by its first promotional flyer.  Target's private label general merchand...
04 April 2013
Whole Foods Market is to build a commercial-scale greenhouse on the roof of its forthcoming store in Gowanus, Brooklyn. The 20,000 sq ft facility will grow pesticide-free produce throughout the year for the store and other locations in New York City. Partnering with local supplier This is an innovative approach from Whole Foods Market to the concept of local sourcing. While it has suppor...
27 March 2013
Walmart has announced plans to test in-store lockers for products ordered online in the US. This was among a number of new initiatives highlighted at its e-commerce media day held at its global e-commerce head office in San Bruno, California. Lockers offer added convenience The test of the lockers forms part of a broader plan by Walmart to integrate its physical stores with its online ...
14 March 2013
Target is to acquire CHEFS Catalog and the assets of Cooking.com in two separate transactions in order to expand its presence in the cooking and kitchenware market. The new members of the Target family CHEFS Catalog, www.chefscatalog.com, is a direct-to-consumer specialty retailer of cookware, bake ware, cutlery, kitchen tools and cooking utensils aimed at home chefs. Cooking.com is a leadi...
12 March 2013
Costco’s second quarter sales, for the 12 weeks to February 17, increased by 8.2% to $24.3bn, with comparable store sales (excluding the impact of fuel and currency), up 5%. Net income attributable to Costco increased by 38.8% to $547m. A resilient model despite economic headwinds Costco delivered a strong set of results for the quarter, despite the headwinds of higher payroll taxes and ...
12 March 2013
Sobeys’ third quarter sales, for the 13 weeks to February 2nd, increased by 8.8% to $4.3bn, with same-store sales up 1.2%. Adjusting for the impact of acquisitions, total sales increased by 2.6%. Investing its stores and distribution network Sobeys’ sales in the quarter were boosted by the acquisition of over 260 retail gas locations and related convenience stores which occurred in the fou...
07 March 2013
Target, one of the largest US retailers, has marked its international debut by opening its first three stores in Canada. This is likely to have a  significant impact on the highly competitive Canadian retail sector, but the biggest effect is likely to be noticed by general merchandise retailers, given Target's reputation for excellence in this area. Two years in the making The opening of Ta...