Canada news

01 April 2020
Over the last few weeks we have seen retailers implement a range of social-distancing initiatives, including floor stickers, plexiglass guards and limiting the number of shoppers in store at any one time. We consider how retailers may start to think differently about the future store experience so that they can respond at pace to any future social-distancing requirements. 1. Changes to stor...
28 March 2020
In this video series, we look at how the retail trading environment is starting to evolve in response to the Coronavirus pandemic and what these changes may mean. Key themes include: The normalising of demand Becoming a more manageable crisis A change in strategy in foodservice The relaxation of competition laws Subscribers click here to view the video For more on ...
27 March 2020
We look at the present impact of the pandemic on regional economic performance. As the US has become the new epicenter of the infection, an economic downturn becomes more likely An increase in the numbers of unemployed has been recorded in Canada and the US Food production and retail are set to weather the storm, subject to uninterrupted supply and adequate social security benefits ...
26 March 2020
With retailers expecting elevated demand levels to continue, although for most at slightly lower levels than recent weeks, we look at what changes are being made to support this and how they could shape food retailing in the future. 1. Range rationalisation: choice vs efficiency Most retailers are undertaking some form of range rationalisation, especially in high-demand categories. These in...
19 March 2020
We review Couche-Tard’s third quarter performance and the range of growth initiatives which underpinned its strong set of results. Key numbers Total merchandise and service revenues up 2.6% to $4.3bn Same-store sales up 4.2% in Canada, 3.0% in the US and 2.1% in Europe Operating income up 4.0% to $868.5m Net earnings up 7.8% to $659.9m Optimising the Circle K brand This ...
14 March 2020
We review Sobeys’ third quarter performance as it looks to complete its three-year turnaround plan, Project Sunrise. Key numbers Total sales up 2.4% to $6.4bn Same-store sales (ex-fuel) up 0.8% Operating income up $125m to $235.0m Adjusted net earnings up 69.7% to $123.7m Intensifying price competition Sobeys delivered another solid performance this quarter as it approac...
09 March 2020
Sobeys is partnering with Infarm, a leading indoor vertical farming company, to grow and harvest a range of fresh produce within its stores across Canada. Launching initially in Vancouver Through this partnership, Sobeys will initially introduce a range of herbs at two Safeway stores in Vancouver this Spring before expanding the programme to additional banners in Calgary, Edmonton, Halifax,...
09 March 2020
We review Costco’s second quarter performance, as it continues to set the pace among global retailers. Comparable club sales up 7.9% Costco’s net sales increased by 10.5% to $38.3bn in Q2, with comparable club sales up 7.9%, excluding fuel and currency impacts. The retailer saw strong growth across its global operations, with comparable sales up 8.1% in the US, 6.8% in Canada and 7.1% in ot...
24 February 2020
Sungiven Foods, which operates around 100 grocery stores in China, has recently entered the Canadian market. We visited the first location to open in Vancouver. Differentiated store format The retailer, which operates stores in Xiamen, Dalian, Quanzhou, and Shenzhen in China, has entered the Canadian market with a differentiated concept to target the ethnic market. At around 15,000 sq ft, t...
20 February 2020
We review Loblaw’s fourth quarter performance, including the ongoing growth of its ecommerce business.  Top line results Fourth quarter revenue increased 3.3% to $11.6bn Retail segment sales were up 3.1% to $11.3bn Food retail same-store sales growth of 1.9% Drug retail same-store sales growth of 3.9% (pharmacy up 6.1%, front store up 2.2%) Operating income up 21.6% to $541m ...