Canada news

29 July 2022
We review Amazon’s second quarter results and the outlook for the year ahead as it continues to take costs out of the business. Q2 key numbers Total net sales increased 7.2% to $121,234m Net product sales decreased 2.5% to $56,675m Net service sales increased 17.4% to $64,659m Operating income fell from $7,702m to $3,317m year-on-year Net income fell to -$2,028m, compared to ...
28 July 2022
We review Loblaw’s Q2 performance as more shoppers visited its discount stores, and the outlook for the second half of the year as it expects inflation to moderate. Q2 key numbers Total revenue increased 2.9% to $12,847m Retail segment sales increased 2.8% to $12,623m, with food up 1.2% and drug up 7.0% Food retail same-stores sales increased 0.9%, with drug retail same-store sales...
25 July 2022
Against a backdrop of high food inflation, Walmart expects profits to be lower in the second quarter and for the full year. This is mainly due to pricing actions to clear slow-selling general merchandise items as shoppers cut back on discretionary spending.  Food inflation limiting discretionary spend The retailer is seeing double digit food inflation, which is impacting the ability of its ...
25 July 2022
Dealing with record high inflation is a priority for suppliers in most geographies. Over the last quarter, many have seen energy and raw material costs soar. We look at the expectations of some of North America’s leading global suppliers to assess where they think inflation is headed next and some of the key things they’re watching for. Key takeaways Cost of goods inflation was higher in...
30 June 2022
Couche-Tard reported total revenues increased by 37.3%, an additional US$17.0 bn, to US$62.8 bn, in its 2022 financial year. The company reported broad based growth across geographies, store-based sales, and for fuel, which was driven by rising prices, rather than increases in volume. Key numbers from the full year results… Total revenue up 37.3% to US$62.8 bn Merchandise and service ...
24 June 2022
We look at Sobeys’ fourth quarter performance and consider what’s next for the business as it moves into the final year of Project Horizon, its three-year, growth-focused plan. Q4 and FY key numbers Total sales increased 13.3% to $7,841m, underpinned by the acquisition of Longo’s and an extra trading week (53-week calendar) Q4 same-store sales (ex-fuel) decreased by 2.5%, reflecting e...
23 June 2022
Two of Canada’s leading retailers, Loblaw and Walmart, are launching new programmes to provide shoppers with a range of grocery items in as fast as 30 minutes. While Walmart is adopting a more conventional model for quick commerce, Loblaw is bringing some innovation to the channel. Two launches in two days The announcements from Loblaw and Walmart Canada signal that the Canadian retail mark...
21 June 2022
Our latest research reveals that Walmart’s revenue is set to reach almost $750 bn by 2027. Between 2021 and 2027 it is expected to grow by 4.7% on a CAGR basis, reaching $747.6 bn. $180 bn growth opportunity Our new report Strategic outlook for Walmart , reveals that Walmart’s growth will be led by its operations in the USA, India and Mexico. Over recent years the retailer has recast i...
09 June 2022
Sobeys’ parent company, Empire Company Limited, has become a co-owner of Scene+, with a plan to transform it into one of Canada’s leading loyalty programmes. Boosting membership Empire joins Scotiabank and Cineplex as co-owners of the programme. This enables it to roll it out to its stores, replacing its existing partnership with Air Miles as its core rewards programme. Sobeys plans to star...
03 June 2022
Couche-Tard, Circle K’s parent company, is partnering with tech-company, Mashgin, to roll-out its touchless checkout system to more than 7,000 stores over the next three years. Eight times faster than traditional self-checkout Described by the company as a “Smart Checkout” system, Mashgin has developed an AI-powered self-checkout system which can improve customer checkout times by as much as...