Canada news

29 January 2013
Metro Inc reported that first quarter sales, for the 12 weeks to December 22, 2012, increased by 2.7% to $2.7bn, with same-store sales up 1.5%. Net earnings increased by 17.1% to $121.4m. Focusing on fresh and loyalty to drive growth in 2013 This is a strong set of results from Metro as it has continued to grow basket size in a highly promotional and challenging market.  The focus in the ...
28 January 2013
Target has revealed its range of private brands, exclusive partners and limited time collections that will be available to Canadian shoppers when its first stores open in the country in March and April. Private label will support value credentials in grocery Many of the brands are recognised Target ranges which are currently available through its US stores. These include its food and co...
22 January 2013
Walmart Canada has announced plans to invest $450m in completing at least 37 Supercentre projects and expanding its distribution network in 2013. A return to normal growth rates This rate of expansion, which will see Walmart Canada add around 1.4m sq ft of retail space, is fairly consistent with its goal of opening between 35 and 40 new Supercentres each year. These typically include a mi...
14 January 2013
Japanese retailer Seven & i reports 5.3% growth in total Group sales to JPY 6.3 trillion in the nine months ending November 2012. Strong performances in convenience markets at home and abroad continue to be key growth drivers. Organic growth and acquisitions In the nine month period, Seven-Eleven Japan saw same store sales increase 1.6% year-on-year. Alongside 778 new store openings, thi...
09 January 2013
Target has announced a new pricing strategy which will see it price match leading online retailers including Amazon.com, Walmart.com, BestBuy.com and Toysrus.com, extending a policy that had initially been introduced last year for the Holiday trading period. Simplifying price-matching policy for shoppers The new policy combines Target’s previous price adjustment and competitor ad match po...
03 January 2013
Safeway has announced that its Chairman and CEO, Steve Burd, will retire in May. Driven the retailer’s transition for 20 years Mr. Burd joined Safeway in October 1992 as President and was appointed CEO in May of the following year. As CEO, he has been responsible for transforming the retailer over an unprecedented 20 years at the helm. Among some of his key initiatives were establishing a ...