Markets/Canada/News

Canada news

22 July 2020
Sobeys has launched a new three-year growth strategy, Project Horizon, following the recent completion of its turnaround plan, Project Sunrise. Central to the new strategy is the acceleration of its ecommerce initiatives. Our view: a big bet on ecommerce Much of what has been announced is a continuation of programmes which were underway, including the expansion of Farm Boy and FreshCo, or a...
20 July 2020
We look at Walmart Canada’s $3.5bn investment plan, the programmes its drawing on from the US and what it means for the business. Plans shaped by new CEO The retailer’s five-year plan to invest $3.5bn its stores, supply chain and technology comes nine months after the appointment of Horacio Barbeito as the retailer’s new president and CEO. He joined the retailer having held leadership roles...
19 July 2020
We look at how retailers are adapting to the easing of lockdown restrictions in Canada, in-store and through their ecommerce platforms. Most provinces are making solid progress through the different phases of their re-start plans. We look at how retailers in BC are adapting, with the province recently moving into phase three of its four-phase re-start plan. Phased re-start plan As one of Ca...
10 July 2020
Costco's sales continue to improve, with net sales in June up 11.1% to $16.18bn. This reflects the shift towards one big shop and Costco's strength in this area. Strong growth across its markets The performance in June builds on the progress made in May, when net sales increased 7.5% to $12.6bn. During the month of June, sales were up in all regions, with the US growing by 11%, Canada up 8....
09 July 2020
Asda is partnering with Uber Eats to offer grocery delivery in 30 minutes. Meanwhile, Uber is also launching an on-demand delivery service in Latin America and Canada. Asda trial Asda is launching a trial with Uber Eats from its stores in Leeds (Pudsey) and Birmingham (Barnes Hill). Customers will be able to order, with no minimum spend, from more than 300 own-brand products and branded ...
30 June 2020
We review Couche-Tard’s fourth quarter performance and its outlook as it navigates the current phase of the COVID-19 pandemic. Key numbers Fourth quarter merchandise and service revenues fell 2.6% to $3.2bn Same-store merchandise revenues fell 6.5% in Europe and 0.5% in the US, while Canada saw a 4.7% increase Fourth quarter operating income increased 87.6% to $769.7m Full year ...
30 June 2020
While celebrating Canada Day is usually marked by large-scale events and gatherings, we look at how retailers in Canada are adapting their approach this year given social-distancing requirements. Being relevant in the moment These four initiatives highlight how retailers have been able to pivot and ensure their campaigns are relevant for the type of activities that consumers will be partici...
22 June 2020
Sobeys has launched its Voilà by Sobeys grocery ecommerce service in the Greater Toronto Area (GTA). Partnership with Ocado Sobeys has partnered with UK-based Ocado to launch this service. It has built a Customer Fulfilment Centre (CFC) adjacent to its existing automated distribution centre in Vaughan, Ontario, optimising Ocado’s solution. Robots are used to assemble orders, with Voilà asso...
22 June 2020
We review Sobeys’ fourth quarter performance and the outlook for its new financial year, including the launch of its new ecommerce service and the shift in sales from supermarkets to discount stores. Key numbers Fourth quarter sales increased by 12.7% to $7.0bn, driven mainly by the COVID-19 pandemic Same-store sales increased 18.0% Adjusted net earnings increased 43.2% to $181.2m ...
17 June 2020
Loblaw has launched a temporary pop-up digital store in partnership with leading toys retailer, Mastermind Toys. Enhancing Loblaw’s third-party Marketplace The pop-up store will operate through June and July, offering a range of products from the iconic toys retailer. The range will feature within the PC Express Marketplace, Loblaw’s site for third-party sellers. While the retailer already ...