Sobeys news

13 December 2019
We review Sobeys’ second quarter performance as it enters the final phase of its turnaround plan, Project Sunrise. More promotional marketplace Second quarter sales increased 3.6% to $6.4bn, with same-store sales up 2.0%. Sales growth was broad-based across its formats, with customer count and basket size up. The retailer also saw strong growth in operating income, up 65.2% to $286.4m, supp...
11 December 2019
As the retailer announces plans to open 10 additional stores in Ontario over the next two years, we look at what makes this a powerful format for the retailer. Driving growth in urban locations Sobeys acquired Farm Boy last December in a deal designed to help Sobeys drive its penetration in urban locations. At the time, Ottawa-based Farm Boy operated 26 stores. It was a great acquisition fo...
23 October 2019
Sobeys is partnering with Caper to test an intelligent shopping cart at a store in Oakville, Ontario. Removing customer friction The ‘Smart Cart’ has been developed to enable shoppers to bypass the traditional checkout lane, one of the key friction points within shopping trips. The cart’s technology scans and weighs products as customers place them inside. It keeps a running tally of purcha...
07 October 2019
Sobeys’ parent company, Empire, has formed a partnership with the Canadian Olympic Committee, enabling its family of brands to become the official grocer of Team Canada. Raising awareness of its family of brands This is the first time that a national grocer has formed a partnership with the Canadian Olympic team. The deal will help the retailer, which operates under a range of banners inclu...
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....
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...
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...
05 June 2019
Sobeys has announced six additional locations for its FreshCo discount format in western Canada. The new stores will open next year and bring its announced openings in the region to 18 locations. Planning to convert a quarter of its existing supermarkets Sobeys opened its first FreshCo format in western Canada in April, with five stores currently trading. A further two stores will ope...
16 May 2019
Canada’s second largest food retailer, Sobeys, has created a new national leadership structure to drive growth, improve execution and accelerate innovation. Entering final phase of Project Sunrise turnaround plan These changes have been made as Sobeys enters the final phase of its transformation plan, Project Sunrise. This was launched two years ago to simplify the business, unlock its nati...
09 May 2019
Sobeys has revealed that its new grocery home delivery service, launched in partnership with Ocado, will be Voilà by Sobeys in Ontario and Voilà par IGA in Quebec. First customer fulfilment centre under construction Last year, Sobeys announced that it would partner with UK-based Ocado to launch an ecommerce service into the Ontario market. Sobeys is currently constructing a new customer ful...