Loblaw news

30 April 2020
We review Loblaw’s Q1 performance as it adjusts to the new trading conditions and assess its long-term strategies against the key emerging trends. 1. Sales gain of over $750m due to the pandemic Loblaw’s first quarter retail revenue increased by 10.8% to $11.6bn, with the retailer estimating that excluding the impact of the coronavirus (COVID-19) pandemic, revenue would have increased 3.5%....
20 April 2020
We detail the latest initiatives from Canada’s leading food retailers in response to the Coronavirus pandemic. Loblaw Food stores : it has reduced store hours and limited the number of customers in its busiest stores. The retailer is also moving some service departments, such as seafood, to offer pre-packed products only. It has also stated that it will not change its actions or prices to ...
15 April 2020
Loblaw is providing non-subscribers with temporary access to its exclusive online food content platform, PC Insiders Project. Subscription-based service Loblaw has temporarily unlocked the exclusive content site that it has developed for members of its PC Insiders initiative, a subscription-based service. Launched nationally in 2018, this provides members with access to a range of perks, in...
09 April 2020
Canada’s leading food and drugstore retailer, Loblaw, has withdrawn its previous guidance for its financial performance in 2020 due to the uncertainty caused by the coronavirus (Covid-19) pandemic. Surge in demand In an update on its response to the pandemic, the retailer outlined how it saw a surge in demand in March as shoppers stocked up on essential items while shifting away from discre...
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 ...
21 November 2019
Loblaw is extending the range of products that it offers online through the development of an online marketplace. Extended range and supplier partnerships Through this new marketplace, Loblaw will offer an extended range of brands and products across baby, toy, home, kitchen and pet categories. Although the retailer offers a broad general-merchandise offer through its hypermarkets, this wil...
18 November 2019
The latest results from Walmart and Loblaw indicate a challenging time for non-food categories in Canada. We look at what this could mean for the future of the hypermarket in the country. Popular with Canadian shoppers Walmart and Loblaw account for almost all hypermarkets trading in Canada, over 500 stores in total. Offering a blend of food and non-food items, it has been a popular forma...
13 November 2019
We review Loblaw’s third quarter performance and its plans to drive stronger growth in its food business. Top line results Loblaw’s third quarter retail revenue increased by 2.2% to $14.4bn. Revenue through its drugstores increased by 4.3% with food retail revenue up 1.5%. On a same-store sales basis, drug retail was up 4.1% and food retail up 0.1%, or by 1.0% accounting for the shift in th...
13 November 2019
Loblaw becomes the latest retailer to partner with Takeoff Technologies to automate in-store grocery ecommerce picking. Adding capacity to the PC Express service Loblaw is investing in its PC Express grocery ecommerce service by building an automated picking facility within one of its stores in the Greater Toronto area. The partnership with Takeoff Technologies is expected to launch next ye...
28 October 2019
Loblaw’s drugstore business, Shoppers Drug Mart, is partnering with SmileDirectClub, Inc. to test the company’s SmileShop concept. This will be piloted within two drugstores initially in the Ontario market. Lowering healthcare costs SmileDirectClub operates SmileShops in 300 locations in the US, Canada, Australia, New Zealand, the UK and Ireland. It expanded into Canada last year, with Smil...