North America news & analysis

02 December 2022
Following a strong third quarter performance, USA-based Kroger has lifted its outlook for the full year. We look at what’s underpinning its confidence. Q3 key numbers Total sales increased 7.3% to $34,198m Identical sales (ex-fuel) increased 6.9% Digital sales increased 10% Operating profit fell 3.1% to $841m Bringing its experience to bear These results highlight how gr...
30 November 2022
As the current inflation crisis shrinks disposable income, Japanese dollar store Daiso looks to capture sales from a growing pool of value shoppers in the US. Dollar store for household products Daiso is a Japanese dollar store known for its wide range of household products, while also selling food items like snacks. It has more than 80 stores in the US to date. Daiso expects its quality pr...
29 November 2022
Leading global convenience chain Couche-Tard, which operates as Circle K, is one of the most innovative in the channel. It continues to flex its approach in response to the current trading environment while also investing for the future. We highlight some of the programmes it has in place, many of which could be replicated by operators across different channels. Value food-to-go - it has ...
28 November 2022
Data from Adobe Analytics revealed that online sales on Black Friday increased by 2.3% to $9.1 bn, beating expectations of a modest 1% rise. Difficult to draw conclusions on a single data point While Black Friday sales are an important measure of how retail may perform this holiday season, there is a lot of noise surrounding the data. Changes to store opening hours, promotional strategies a...
23 November 2022
As retailers adjust to a rising cost base, we are seeing several changes in the in-store environment. Initiatives are being focused in four key areas including reducing labour requirements, improving productivity, reducing energy costs and limiting food waste. Here are some global examples. Reducing labour The focus on reducing labour is mainly being driven by the vacancies retailers are fa...
18 November 2022
We review Loblaw’s Q3 performance as shoppers continue to adjust their behaviours in an inflationary environment. Q3 key numbers Total revenue increased 8.3% to $17,388m Retail segment sales increased 8.2% to $17,130m, with food up 7.4% and drug up 10.3% Food retail same-stores sales increased 6.9%, with drug retail same-store sales up 7.7% Ecommerce sales increased 3.0% Adju...
17 November 2022
Target’s third quarter results highlight the financial pressures US consumers are under and the trade-offs many are making to manage their household budgets. Against a backdrop of slowing sales growth and declining profitability, we look at the actions the retailer’s taking heading into the holiday period and beyond. Q3 key numbers Total revenue increased 3.4% to $26.5 bn Comparable s...
16 November 2022
Sobeys’ Farm Boy banner opened its latest store with the conversion of a former Sobeys Urban Fresh location in downtown Toronto. We showcase some of the key features of this new store. Acquired to spearhead Sobeys’ push in urban locations Sobeys acquired Farm Boy at the end of 2018, in a deal designed to help the retailer drive its penetration in urban locations. At the point of acquisition...
15 November 2022
Walmart delivered a strong Q3 sales performance, setting it up for the holiday trading period. We look at the factors driving its results and expectations going forward. Walmart's Q3 key numbers Walmart's total revenue in Q3 increased by 8.7% to $152.8 bn, representing an additional $12.3 bn year-on-year Sales in its US stores increased by 8.5%, with Sam’s Club up 12.8% US ecommerc...
10 November 2022
Target has unveiled a new look for the largest stores in its network, optimising additional space and incorporating new design elements. New space opportunity Over recent years, smaller formats have been the main focus of its format development plans. It has grown its network of stores of around 30,000 sq ft to over 100. Over the last two years, it also identified a new opportunity with sto...