Loblaw news

04 May 2017
As Loblaw reports its first quarter results we look at four initiatives underway within the business designed to deliver more convenient solutions for its shoppers. Cost control supporting stronger profitability Loblaw’s first quarter revenue increased by 0.2% to $10.4bn, with retail segment sales up 0.1% to $10.2bn. Food retail same-store sales (ex-fuel) declined by 2.1%. Excluding the imp...
13 April 2017
Loblaw will invest $1.3bn in developing 30 new stores and remodelling 500 existing stores across Canada this year. Space growth moderating in Canada to 0.7% to 0.8% annually While the investment will span most of the retailer's formats, it will also include the continued roll out of click and collect for online groceries, improved health and wellness services and the addition of fresh food ...
23 February 2017
We review Loblaw’s fourth quarter performance and the drivers of growth for the next 12 months. Sales gains led by drug retail business Loblaw’s revenue increased by 2.4% in the fourth quarter to $11.1bn, with net earnings up 55.7% to $204m. Food retail same-store sales (ex-fuel) were up 1.1%, while drug retail saw a 3.4% gain. This latter segment saw strong front store same-store sales, wi...
23 January 2017
One month into the new year, several major retailers, including Loblaw, Target and Southeastern Grocers, have made changes to their leadership teams. Sarah Davis takes responsibility for day-to-day operations at Loblaw Following the appointment of George Weston as Chairman and CEO of George Weston Limited, Loblaw’s parent company, Sarah Davis has been appointed as President at Loblaw, with ...
19 December 2016
McKesson has entered into a consent agreement with Canada’s Competition Bureau to secure regulatory approval for its acquisition of Canadian pharmacy chain, Rexall. 28 out of 470 stores to be divested Under the terms of the agreement, McKesson will sell 28 Rexall pharmacies located across 26 markets in Canada, most of which are in remote locations. McKesson Corporation is the largest whole...
12 December 2016
Sears Canada is partnering with two specialty retailers to operate food markets at its remodelled stores. Food viewed as a key traffic driver Although very few details have been released with regards to this launch, groceries are being introduced primarily to drive footfall to the retailer’s stores. Sears Canada continues to see a tough trading environment, with sales falling 21.1% in duri...
05 December 2016
Loblaw has identified five key themes that it believes will impact Canadian kitchens in the year ahead, and consequently shape some of its business decisions and in-store activations. Influencing in-store and online experience Based on internal and industry data, and a panel of experts which form the Loblaw Food Council, Loblaw has identified five themes which will come to life in several w...
16 November 2016
With Loblaw seeing a shift in the market in the third quarter, we review the strategies for its food formats, Shoppers Drug Mart business and ecommerce roll-out. Solid performance across its operations Loblaw’s retail third quarter segment sales increased by 1.4% to $14.1bn. Same-store sales growth was led by its drug retail business, up 2.8%, including same-store front store sales growth...
28 July 2016
As lower inflation impacts Loblaw’s second quarter sales growth, we review the steps it is taking to drive volume. Drug retail leads growth Loblaw’s second quarter revenue increased by 1.9% to $10.7bn, supported by growth of 1.7% within its retail operations. Food retail same-store sales growth increased by 0.7% (ex-fuel) with Shoppers Drug Mart same-store sales up 4.0%. This strong gro...
04 May 2016
Loblaw has seen a solid start to its new financial year with sales and profit growth. We review how this was delivered across its different divisions. Focusing on executing its strategic framework Loblaw’s total revenue increased by 3.3% to $10.4bn in the first quarter, with retail segment sales also up 3.3% to $10.2bn. The retailer’s profits also increased, with adjusted EBITDA up 5.1% to...