Canada news

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...
03 November 2020
Walmart Canada’s new store in Vaughan, Ontario, showcases how the retailer is evolving its large store format to support its fast-growing ecommerce business. Most modern omnichannel store Earlier this year, Walmart Canada outlined a $3.5bn investment plan , focused on its stores, supply chain and technology. As part of this, it is investing $110m this year in store renovations and tech...
27 October 2020
We look at how Canada’s leading dollar store chain is flexing its approach to meet the needs of shoppers during the pandemic. 1. Allocating more space to high-demand categories Recent store visits indicate that more space has been allocated in three key categories; household cleaning, personal care, arts and crafts. Most retailers have experienced strong growth in these areas as consumers hav...
15 October 2020
Loblaw has partnered with League, Canada’s leading health operating system (health OS) technology provider, to launch the PC Health app. National roll-out planned over the next few months The PC Health app maintains the PC branding related to its President’s Choice private label. Through the app, Canadians will have free access to registered nurses and dietitians, who can provide advice and...
13 October 2020
Tim Hortons, the Canadian coffee shop chain, is boosting its UK expansion plans saying it wants to open an outlet in “every major city and town” in the UK in the next two years. 2,000 new jobs could be created by 2022.  The announcement follows the release of results which show a 37% increase in year-on-year sales in UK and Ireland. UK & Ireland chief commercial officer for UK and Ireland, Kev...
07 October 2020
Loblaw’s drugstore chain, Shoppers Drug Mart, has expanded its online offer, with the launch of additional categories. Building on an established platform Having initially been launched as a beauty-led portal, the retailer’s ecommerce service has expanded to include health, personal care, baby and child and electronics categories. The retailer first launched its beauty offer in 2015, with a...