Canada news

04 October 2019
We review Costco’s fourth quarter performance and the drivers behind its strong performance. Costco: the key numbers Costco’s fourth quarter total revenue increased by 7.0% to $47.5 bn Over the period, comparable store sales, excluding currency and fuel impacts, increased by 5.1% Net income increased 5.2% in the quarter to $1.1 bn For the full year, total revenue increased by 7....
16 September 2019
We review Sobeys’ first quarter performance as it enters the final year of its three-year turnaround plan and consider what’s next for Canada’s second largest food retailer. Additional cost savings expected beyond initial $500m target Sobeys delivered a solid Q1. Sales increased 4.4% to $6.7bn, with same-store sales, excluding fuel, up 2.4%. Adjusted net earnings increased 33.6% to $133.9m....
09 September 2019
Couche-Tard delivered a solid first quarter while facing tough comparables from last year. We look at some of the innovation programmes underway within the business. Headline numbers Total merchandise and service revenues up 1.6% to $3.6bn Same-store merchandise revenues up 2.5% in the US, 0.7% in Europe and 0.3% in Canada Net earnings up 18.3% to $538.8m Circle K global rebrand...
02 September 2019
Longo’s has established a strong presence in the Toronto market, with a network of over 30 stores. Last month, it launched a new convenience-focused format which taps into consumers’ growing demand for easy meal solutions and food-on-the-go. We visited the store to see what makes it different. Conveniently located within Toronto’s PATH system, one of the world’s longest underground pedest...
27 August 2019
Walmart Canada has appointed Horacio Barbeito as president and CEO, effective in October, pending work authorisation. We look at some of the issues which will be on his agenda as he takes this key leadership role. Established business leader Barbeito joins Walmart Canada having led the retailer’s operations in Argentina and Chile since 2015. Prior to that, he led the business in Argentina f...
15 August 2019
Walmart Canada is expanding its on-demand grocery delivery service to 200 stores through its partnership with Instacart. Delivery complements other fulfillment options The expansion of this service follows-on from the launch of a pilot service at 17 stores in the Greater Toronto Area (GTA) and Winnipeg last year. Through this service, customers can order grocery products to be delivered in ...
15 August 2019
We review Walmart's second quarter results and the outlook for the second half. Walmart's key numbers Walmart's total revenue in Q2 increased by 1.8% to $130.4bn Sales in its US stores increased by 2.9% and by 1.8% at Sam’s Club US comp store sales increased by 2.8%, and by 7.3% on a two-year stacked basis US ecommerce sales increased 37% Sam’s Club comp sales were up 1.2% ...
14 August 2019
We look at Metro Canada’s improved sales and profit performance in the third quarter and its plans to invest in retail technology to drive store productivity. Improving sales momentum Metro built sales momentum during the quarter, accelerating its first half progress. It saw solid gains in traffic, basket size and volumes. Sales increased by 12.8% to $5.3bn, reflecting the acquisition of dr...
13 August 2019
Loblaw’s Shoppers Drug Mart chain has launched a new campaign, The Beauty Project, showcasing beauty and skincare ranges curated by seven beauty enthusiasts. Curated collections The Beauty Project features existing products within Shoppers Drug Mart’s ranges. They have been selected by enthusiasts which include a stylist and influencer, a musician, a make-up artist and an entrepreneur. Each...
12 August 2019
We highlight how regionally focused food retailers continue to thrive in the face of intensifying competition and market consolidation and the factors behind their success. Retailers to watch North America is home to many of the world’s largest retailers. These include Walmart, Costco and Kroger, which lead the global rankings. However, the scale of the US and Canada has enabled regionall...