Canada news

25 July 2019
We review Loblaw’s second quarter performance, including how its data-driven approach to trading impacted its food retail performance. Strongest drug retail performance in three years Loblaw’s Q2 revenue increased by 2.9% to $11.1bn, with retail segment sales up 2.9% to $10.9bn. Food retail same-store sales increased 0.6%, while drug retail same-store sales were up 4.0%. The latter represen...
19 July 2019
Sobeys has launched two discount stores under the Chalo! FreshCo banner and format as part of its plans to develop and grow a discount business in western Canada. Planning to convert a quarter of its existing supermarkets Sobeys opened its first FreshCo format in western Canada in April, with seven stores currently trading. A further 11 stores have been announced as part of the first wave o...
18 July 2019
Having reported a strong fourth quarter, capping off an excellent year for the business, we look at the prospects for Circle K’s operator, Couche-Tard, over the next 12 months. Underlying business strength The strength of Couche-Tard’s business is underlined by its same-store sales performance in Q4, with merchandise revenues increasing by 3.4% in the US, 4.2% in Canada and by 4.7% in Europ...
02 July 2019
Canada’s leading dollar store chain, Dollarama, has acquired a 50.1% interest in Latin American value retailer, Dollarcity. This builds on the existing cooperation agreement between the two chains. Commercial agreement since 2013 Dollarama and Dollarcity entered into a commercial agreement in 2013. This focused on sharing business expertise and in Dollarama providing sourcing services to Do...
01 July 2019
We review Sobeys’ fourth quarter and full year performance as it enters the final year of its three-year turnaround plan, Project Sunrise, and the prospects for its three key growth pillars in the year ahead. Sales and profit growth Sobeys’ fourth quarter sales increased by 5.7% to $6.2bn, supported by its acquisition of Farm Boy. Same-store sales, ex-fuel, increased by 3.8%. The retailer a...
18 June 2019
Loblaw is expanding its food waste programme with Flashfood to additional stores across Canada. Products purchased through the Flashfood app The Flashfood app enables Loblaw customers to purchase food items nearing expiration at a reduced price, with discounts of up to 50%. Earlier this year, Loblaw launched the programme in 139 stores in Quebec. This has been extended to its Real Canadian ...
17 June 2019
We identify the five top issues which were front of mind for global business leaders at The Consumer Goods Forum Global Summit in Vancouver, Canada, earlier this month. 1. Conditions are right for industry to act on single-use plastics - while many issues within the realm of environmental sustainability were discussed including resilient food supply chains, sustainable agriculture and the rol...
15 June 2019
We review the key messages from the final day of the Consumer Goods Forum Global Summit in Vancouver, Canada, including the keynote session with Walmart International’s President & CEO, Judith McKenna. Transform from within Walmart’s Judith McKenna outlined the company’s transformational journey and its focus on reinventing the business from within. Launched five years ago, this has focused...
14 June 2019
With a packed agenda, we look at the key messages from the second day of the Consumer Goods Forum Global Summit in Vancouver, Canada. Innovation and the role of new technologies were among the key themes discussed. Capitalise on the growth opportunities in beauty With a focus on the future of beauty, L’Oreal’s Chairman & CEO, Jean-Paul Agon, and Alexis Perakis-Valat, President Consumer Prod...
13 June 2019
We summarise the key the key themes from the first day of the Consumer Goods Forum Global Summit, in Vancouver, Canada. Learn what’s front-of-mind for some of the sector’s business leaders and how they plan to address key challenges. Rapid pace of change The Consumer Goods Forum Global Summit opened in Vancouver this week, setting out to explore how to satisfy new consumer needs and what wi...