Canada news

17 March 2022
Walmart is establishing new hubs in Atlanta, USA and Toronto Canada for its Global Tech teams, which will enable it to accelerate its progress in infusing its business with new technologies. The scale and scope of its tech presence can only be matched by a few retailers globally.  Reimagining the future of work and shopping Walmart’s Global Tech teams develop and manage the foundational tec...
16 March 2022
Loblaw’s Shoppers Drug Mart business is set to acquire 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 its more than 300 clinics across Canada. The deal is valued at CAD$845m. Strategic focus on connected health As the leading drugstor...
11 March 2022
Sobeys saw same-store sales fall 1.7% in the third quarter as it faced tough comparables from last year. But it continues to grow its margins and improve profitability. What’s behind this performance? Q3 key numbers Total sales up 5.1% to $7.4 bn, reflecting the acquisition of Longo’s Same-store sales (ex-fuel) down 1.7%, but up 8.3% over a two year period Ecommerce sales up 17% Net...
07 March 2022
Costco’s net sales increased 16.1% in the second quarter, maintaining its strong pace of growth despite tough comparables from last year. Against this backdrop of growth, we look at how it is navigating cost and supply chain challenges. Q2 key numbers Net sales increased 16.1% to $50.9 bn Comparable sales (ex-fuel and currency impacts) up 11.3% in the US, 12.4% in Canada and 9.0% in o...
27 February 2022
We look at Loblaw’s fourth quarter and full year performance, including the growth of ecommerce, the flight to value and its new sustainability commitment. Q4 and full year key numbers Fourth quarter total revenue increased by 2.8% to $12.8 bn, with retail segment sales up 2.6% to $12.5 bn Food retail same-store sales growth of 1.1% Drug retail same-store sales up 7.9%, with pharma...
17 February 2022
As Walmart’s revenue approaches $570bn, we look at what’s driving its continued strong performance and consider what’s next for the business as it starts to gain traction with its flywheel model. Walmart's key numbers Walmart's total revenue in Q4 increased by 0.5% to $152.9bn, negatively impacted by divestments of $10.2bn Sales in its US stores increased by 5.7%, with Sam’s Club up 1...
16 February 2022
Sobeys will open the fourth planned Customer Fulfillment Centre (CFC), as part of its strategic partnership with Ocado, in the Greater Vancouver Area. This is expected to become operational in 2025. Reaching 75% of Canadian households This site will be the final one to open in Canada as part of this partnership. Last year, the first CFC launched in Toronto, with the second site expected to ...
27 January 2022
We look at how Metro Inc. is responding to the current COVID-19, supply chain and inflation challenges. Metro first quarter key numbers Q1 sales increased 0.9% to $4.3bn Food same-store sales fell 1.4% while pharmacy same-store sales increased 7.7% Net earnings increased 8.6% to $207.7m Responding to operational challenges The quarter brought a familiar story of the last tw...
24 January 2022
As we kick off 2022, the COVID-19 pandemic remains front of mind for industry leaders. Many anticipated being well into the recovery stage at this point. But the continued emergence of variants throws up short-term operational challenges, which can limit the headspace for longer-term planning. We’ve identified five trends shaping retailers’ plans this year. 1. Fire-fighting the pandemic and ta...
20 January 2022
Loblaw’s drugstore business, Shoppers Drug Mart, is testing vending machines in the Ontario market. Essential items Shoppers Drug Mart is partnering with transit company Metrolinx to test smart vending units at selected GO stations, including Union Station Bus Terminal in Toronto, Burlington GO Station and at Oshawa GO Station . Customers can purchase a wide range of essential items includi...