Loblaw news

16 November 2016
With Loblaw seeing a shift in the market in the third quarter, we review the strategies for its food formats, Shoppers Drug Mart business and ecommerce roll-out. Solid performance across its operations Loblaw’s retail third quarter segment sales increased by 1.4% to $14.1bn. Same-store sales growth was led by its drug retail business, up 2.8%, including same-store front store sales growth...
28 July 2016
As lower inflation impacts Loblaw’s second quarter sales growth, we review the steps it is taking to drive volume. Drug retail leads growth Loblaw’s second quarter revenue increased by 1.9% to $10.7bn, supported by growth of 1.7% within its retail operations. Food retail same-store sales growth increased by 0.7% (ex-fuel) with Shoppers Drug Mart same-store sales up 4.0%. This strong gro...
04 May 2016
Loblaw has seen a solid start to its new financial year with sales and profit growth. We review how this was delivered across its different divisions. Focusing on executing its strategic framework Loblaw’s total revenue increased by 3.3% to $10.4bn in the first quarter, with retail segment sales also up 3.3% to $10.2bn. The retailer’s profits also increased, with adjusted EBITDA up 5.1% to...
22 April 2016
.style1 { text-align: center; }.style2 { text-align: right; } Eataly has announced plans to open a store in Toronto in partnership with the Weston family, which owns or controls a number of Canadian companies, including leading grocer, Loblaw. Likely to open in upscale location There has been speculation for a number of years that Eataly would open a store in Toronto. Eataly’s founder a...
12 April 2016
Loblaw plans to open 50 new stores this year, while also remodelling a further 150 stores, as part of a $1.3bn investment in its network. Investments spread across range of formats Loblaw’s network investment plans are broadly in line with last year. The retailer has been shifting its investment dollars from its IT and supply chain to stores as part of its plans to create a more compellin...
11 April 2016
As the Overwaitea Food Group expands beyond British Columbia and Alberta for the first time, we look at what makes this retailer one to watch in Canada. 1. Private ownership enables long-term planning The Overwaitea Foods Group is wholly owned by the Pattison Group, one of the largest private companies in Canada. This not only provides the retailer with access to significant resources, but...
08 March 2016
Shoppers Drug Mart and Joe Fresh, Loblaw’s clothing range, have launched a new promotion, offering customers 25% off their online purchase at Joe Fresh when they spend $10 in-store at Shoppers Drug Mart. Driving in-store traffic and online sales Effective March 7 to March 11, this new promotion aims to generate additional traffic to Shoppers Drug Mart’s stores while also driving sales a...
02 March 2016
McKesson Corporation has agreed to purchase one of Canada’s leading drugstore chains, Rexall Health, in a $3bn deal. Jürgen Schreiber to continue leading the business and build on recent improvements McKesson Corporation, which is a leading international healthcare services and information technology company, is acquiring 470 drugstores from the Katz Group. The drugstores operate under the...
25 February 2016
We review Loblaw’s final quarter and full year performance as it continues to focus on executing against its strategic framework, including delivering synergies from the acquisition of Shoppers Drug Mart. Higher inflation supporting stronger food sales Loblaw’s fourth quarter revenue increased by 2.3% to $10.9bn. Food retail same-store sales grew by 3.1%, while drug retail same-store sales...
16 February 2016
We highlight the five trends set to shape the grocery sector in the US and Canada this year. 1. Format reinvention Our key trend to watch this year is ‘format reinvention’. We expect to see a number of new concepts enter the market, with a particular focus on the supermarket format. Over the last year, retailers in North America have been channelling increased levels of investment into this...