All Canada articles – Page 6
-
News
Sears Q1 revenue flat
Sears Holdings’ total revenue for the first quarter of 2010 has hit $10bn (£6.6bn), flat against 2009.Favourable exchange rate benefits from the Canadian stores and a 1.5% increase in domestic like-for-like sales, were offset by the effect of having 63 fewer Kmart and Sears stores in operation.The domestic like-for-like sales ...
-
News
Ronato focus on growing market share
During 2010 and 2011, home improvement retailer Rona plans to focus primarily on growing its market share in Ontario and Western Canada while reinforcing its strong position in Quebec.The retailer expects to grow its share of the Canadian home improvement market from 17% to 20% by the end of 2011.By ...
-
News
Shoppers Drug Mart sales up 5.7%
Drugstore chain Shoppers Drug Mart’s sales jumped 5.7% to C$2.32bn (£1.5bn) in the first quarter of 2010. The company continues to enjoy sales growth in all regions of the country, led by gains in Quebec and Western Canada. Like-for-like sales increased 3.1% over the quarter.Net earnings increased 8.2% to C$116m ...
-
News
Metro posts a 5.2% increase in net income
Grocer Metro Inc posted a 5.2% increase in net income to C$80.3m (£47m) for the second quarter to March 13.Sales climbed 1.1% to C$2.6bn (£1.52bn) while same-store sales declined 0.7% due to deflation in certain product categories.The Canadian retailer launched its Metro & Me loyalty card in the Québec City ...
-
News
Loblaw net income up 19.3%
Loblaw reported that net income soared 19.3% to C$550m (£309m) for the financial year to January 2, 2010. Total sales declined 0.2% to C$30.8bn (£17.3bn) while same-store sales slid 1.1%.Executive chairman Galen Weston said: “As we enter 2010 we continue to expect sales and margins to be challenged by deflation ...
-
News
Loblaw launches discount brands
Following a similar move by Tesco in the UK, grocer Loblaw - whose chief operating officer Dalton Philips has just been revealed as Marc Bolland’s replacement as chief executive of Morrisons in the UK - has launched a new line of discount brands in Canada.The range features category-specific brands such ...
-
News
Metro Canada sales increase
Metro Canada has announced that sales increased 1.7% to CAD2.65bn (£1.56bn) in the first quarter of the year. The rise was achieved despite a slight drop in basket value and tough comparatives last year, when high food price inflation and the temporary closing of several stores of a competitor had ...
-
NewsLoblaw man Dalton Philips to succeed Marc Bolland at Morrisons
Dalton Philips, chief operating officer of Canadian grocer Loblaw, has been appointed chief executive of Morrisons.
-
News
Revenue increase at Jean Coutu
Pharmacy retailer Jean Coutu has reported a 9.3% year-on-year increase in revenue to C$678.1m (£396m) for its third-quarter.Retail sales increases reflected overall market growth, new store openings and consumers stocking up on over-the-counter drugs in case of a swine flu outbreak.On a same-store basis, sales climbed 6.3%. Over-the-counter drug sales ...
-
NewsWalmart to use supply chain to cut costs in 2010
Walmart, the world’s biggest retailer, estimates that savings of between 5-15%, or $4bn-$12bn, will be possible by globalising its purchasing.
-
News
Sales at Shoppers Drug Mart increase 7.9%
Sales at pharmacy chain Shoppers Drug Mart increased 7.9% to C$3bn (£1.7bn) in the third quarter, with the retailer continuing to experience strong sales growth in all regions of Canada.Excluding tobacco products, same-store sales climbed 4.8%. Prescription sales rose 9.7% to C$1.5bn (£856.4m) during the quarter, accounting for 49.1% of ...
-
AnalysisUS warehouse clubs suffer as discretionary spend dips
US warehouse club operators like Costco will have to brace themselves for more difficult trading in the near term
-
News
Wal-Mart Canada opens first eco-friendly Supercenter
Wal-Mart Canada has opened its first eco-friendly Supercenter in Waterdown, Ontario.
-
News
Hudson’s Bay Co considers IPO
Department store operator Hudson’s Bay Co is considering a public stock offering in the first half of 2011.President and chief executive Richard Baker said that although “nothing’s final”, the company was in talks over a listing on the Toronto Stock Exchange. “The offering could include all or part of Hudson’s ...
-
News
Loblaw to acquire T&T Supermarket
Grocer Loblaw is to acquire Canada’s largest Asian food retailer, T&T Supermarket, comprising 17 stores and four distribution centres.The retailer will add about C$500m (£280.1m) in sales to Loblaw’s business, which is paying C$225m (£126m) for the deal, which is expected to complete before the year end.Like-for-likes at Loblaw rose ...
-
News
Sobeys reveals net profit hike
Grocer Sobeys has revealed a net profit hike of 21.1 per cent to C$226m (£118m) in the year to May 2.Like-for-like sales increased 5.2 per cent while total sales climbed 7.2 per cent to C$14.76bn (£7.7bn) as a result of new stores and extensions, as well as sales and ...
-
News
Battle for Sears Canada is hotting up
The battle for Sears Canada is hotting up with reports in the US suggesting that major shareholder Sears Holdings has bought 400,000 shares in the company.The move renewed speculation that it may be plotting a bid for the Canadian arm of its business.In 2006, minority shareholder William Ackman blocked a ...