All Canada articles – Page 5
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News
Walmart to launch new store format
Walmart is to launch a new store format called Urban 90 in east Toronto in January 2012. Walmart Canada’s president and chief executive David Cheesewright said the initial urban store would be on a 4.5 acre site, roughly half the size of a typical Walmart site. Walmart also announced it ...
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AnalysisBest Buy extends online streaming into Canada
As the entertainment industry continues with its rapid shift to digital media, Best Buy is to launch its CinemaNow video download service in Canada.
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NewsTarget enters formal mediation over name
US-based grocer Target has entered formal mediation over whether it can use the Target name in Canada.
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News
Couche-Tard Q3 net earnings jump 29.6% to £46m
Convenience store operator Couche-Tard posted net earnings of $71m (£46m) for the third quarter ended January 30, up 29.6% from the comparable period last year. The increase was attributable to growth in merchandise and service sales, the contribution from a rising number of sites offering fuel and the growth in ...
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News
Canadian Tire Q4 sales up 2.4% to £1.96bn
Canadian Tire reported sales up 2.4% in the fourth quarter to C$3.1bn (£1.96bn), while net earnings rocketed 88.2% to C$181.1m (£114.6m). Sales at its Canadian Tire Retail division, which comprises mainly company-owned and operated stores, increased 0.5%. Like-for-like sales declined 0.4%. Adjusted earnings before taxes at Canadian Tire Retail soared ...
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News
Shoppers Drug Mart sales up 3.9% to £6.56bn
Shoppers Drug Mart has reported full-year sales for 2010 of C$10.37bn (£6.56bn), up 3.9%. The retailer’s sales continued to grow in all regions of the country, led by strong gains in Western Canada and Quebec. Its capital investment and store development programme, which resulted in a 6.4% year-on-year rise in ...
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AnalysisTarget finds perfect stores for Canadian expansion
US retailer Target has announced its entry into Canada after acquiring leasehold interests in up to 220 Zellers sites from the Hudson’s Bay Company.
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News
Netflix on the look-out for new international markets after success in Canada
Online streaming site Netflix said it was pleased with the results of its recent market entry into Canada and was looking at new international markets for 2011. Spokesman Steve Swasey declined to reveal how many subscribers had signed up in Canada, but said: “After a short period in Canada we’re ...
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News
Couche-Tard Q3 revenue up 5.6% to £961m
Convenience store chain Couche-Tard posted a 5.6% rise in revenues excluding fuel to $1.5bn (£961m) for the second quarter ended October 10. Like-for-like sales were up 4.9% in the US and 1.6% in Canada. Net earnings grew 19.7% to $105.6m (£68m). President and chief executive Alain Bouchard said: “The economic ...
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News
Metro profit rises 10.6% to #7bn
Grocery retailer Metro recorded a 10.6% increase in net earnings for the year ended September 25, on sales up 1.3% to CAD11.34bn (£7bn). Net earnings reached CAD392m (£241m) versus CAD354.4m (£218m) last year.During the fourth quarter earnings climbed to CAD93.4m (£57.5m) from CAD84.4m (£52m) a year ago, on sales up ...
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News
Loblaw like-for-like sales drop after acquisition
Grocer Loblaw has reported sales of CAD9.6bn (£5.9bn) in the 16 weeks ended October 9, up from CAD9.5bn (£5.95bn) in the previous year, helped by the acquisition of Asian supermarket chain T&T.Like-for-like sales declined 0.4%. Gross profit increased by CAD152m (£94m), or 7%, to CAD2.3bn (£1.4bn) in the third quarter. ...
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News
Indigo Q2 revenue rises 3.8%
Book retailer Indigo has reported a 3.8% growth in revenue for its second quarter ending October 2. Revenue for the quarter was CAD214.8m (£131.7m), up CAD7.8m (£4.8m) from last year. On a like-for-like basis, Indigo and Chapters superstores posted a 0.7% decline in revenue, while small format stores were ...
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News
Shoppers Drug Mart Q3 sales increase 2.6% to £1.9bn
Shoppers Drug Mart has recorded a 2.6% sales rise in the third quarter to CAD3.09bn (£1.9bn), with the company reporting continuing sales growth in all regions of the country. On a like-for-like basis, sales increased 1.2% during the quarter, while prescription sales increased 0.8%, or 0.2% on a like-for-like basis.
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News
Target considers entering Canada
US general merchandise retailer Target is considering entering Canada with as many as 200 stores, in the company’s first move beyond US borders. The discount retailer gave the clearest indication of its intention so far when its representatives spent the past few days meeting with Canadian developers at a shopping ...
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News
Couche-Tard Q1 profits up 42.2%
Convenience store operator Couche-Tard reported a 42.2% profit rise for the first quarter ending July 18.The retailer also announced it is to acquire 10 stores from US-based retailer Compac Food Stores. The profit rise was attributed to higher merchandise and service sales, strong petrol margins and good cost control.
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News
Rona Q2 sales rise 2.1%
Home improvement retailer Rona has reported that consolidated sales rose 2.1% in the second quarter to reach C$1.4bn (£863.1m). Net earnings rose 12% to C$67.8m (£41.8m). Corporate and franchised stores’ sales were reported to have been strong in the early part of the quarter due to the gathering pace of ...
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News
TJX to launch Marshalls in Canada
TJX Companies, the TK Maxx owner, is to launch its Marshalls chain in Canada next year with the opening of six stores by spring 2011. The company said that it is not ready to announce the locations of the stores, but the Greater Toronto area is believed to be a ...
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News
Loblaw Q2 sales up 1.2%
Grocery retailer Loblaw has reported that sales rose 1.2% to C$7.3bn (£4.57bn) for the second quarter to June 19. Like-for-like sales declined 0.3%, marking the third consecutive quarter of negative like-for-like growth. Operating income increased 1.9% to C$330m (£207m) while net earnings declined 8.6% to C$180m (£113m)…
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AnalysisCanada’s Sobeys benefits from innovative strategy
Sobeys’ results - although by no means spectacular - are thoroughly respectable in a Canadian grocery sector that is becoming ever more competitive.