Canada news

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...
27 May 2022
While most retailers have seen inflation benefit their top line in their latest quarterly performances, many have seen their profitability dip. Unable to pass on the full impact of higher costs to customers, or reduce costs in other parts of their business given the rapid run-up in inflation this year, margins have been impacted. But Costco has fared better. We look at how it outperformed its pee...
24 May 2022
Canada’s second largest grocery retailer, Sobeys, has launched a new ‘Value Size’ campaign in-store, which has seen it extend its range of larger pack formats. Dedicated in-aisle feature bays With inflation hitting a 31-year highpoint in Canada last month, retailers are using a range of tactics to respond to the cost of living crisis. At Sobeys, this includes a new ‘Value Size’ initiative w...
20 May 2022
US-based Albertsons is partnering with Veeve Smart Carts to launch smart carts in around a dozen stores across the country. The retailer is aiming to develop a fast, contactless experience for its shoppers. Skipping traditional checkouts A growing number of retailers are piloting smart carts to offer a checkout-free shopping experience. Veeve Smart Carts enable shoppers to place their items...
17 May 2022
Despite a solid sales performance in the first quarter, against tough comparables, Walmart saw a sharp hit on profitability due to higher costs. We look at the impact on its performance and its updated outlook for the year. Walmart's Q1 key numbers Walmart's total revenue in Q1 increased by 2.4% to $141.6bn, representing an additional $3.3bn Sales in its US stores increased by 4.0%, w...
12 May 2022
Loblaw’s Shoppers Drug Mart business has completed the acquisition of Lifemark Health Group. The company is a leading provider of outpatient physiotherapy, massage therapy, occupational therapy, chiropractic, mental health, and other ancillary rehabilitation services through more than 300 clinics across Canada. The deal is valued at CAD$845m. Growing role as a healthcare services company As...