Loblaw news

18 November 2022
We review Loblaw’s Q3 performance as shoppers continue to adjust their behaviours in an inflationary environment. Q3 key numbers Total revenue increased 8.3% to $17,388m Retail segment sales increased 8.2% to $17,130m, with food up 7.4% and drug up 10.3% Food retail same-stores sales increased 6.9%, with drug retail same-store sales up 7.7% Ecommerce sales increased 3.0% Adju...
09 November 2022
Having partnered with Flashfood, a digital marketplace that connects consumers to heavily discounted food nearing its best-before date, since 2019, Loblaw has diverted 40m pounds of food from landfill and helped Canadians save more than $110m on groceries. How it works Over the last three years, Loblaw has rolled-out Flashfood’s programme to 720 company-owned and franchised stores. Using th...
18 October 2022
Loblaw is freezing the prices of more than 1,500 products which form its ‘no name’, entry-level private label range until the end of January 2023. Canada’s second-largest food brand The retailer is launching this initiative to support Canadians facing the highest food inflation in decades. This is one of the retailer’s most successful private label ranges, typically offering savings of 25% ...
06 October 2022
Following a pilot programme which saw Loblaw undertake 150,000 autonomous deliveries with a safety driver on board, the retailer has gone fully driverless for selected online grocery orders in the Toronto market. Moving orders from picking location to stores In January 2020 Loblaw launched the pilot programme in partnership with Gatik, a leading operator in autonomous middle-mile logistics....
28 July 2022
We review Loblaw’s Q2 performance as more shoppers visited its discount stores, and the outlook for the second half of the year as it expects inflation to moderate. Q2 key numbers Total revenue increased 2.9% to $12,847m Retail segment sales increased 2.8% to $12,623m, with food up 1.2% and drug up 7.0% Food retail same-stores sales increased 0.9%, with drug retail same-store sales...
23 June 2022
Two of Canada’s leading retailers, Loblaw and Walmart, are launching new programmes to provide shoppers with a range of grocery items in as fast as 30 minutes. While Walmart is adopting a more conventional model for quick commerce, Loblaw is bringing some innovation to the channel. Two launches in two days The announcements from Loblaw and Walmart Canada signal that the Canadian retail mark...
12 May 2022
Loblaw’s Shoppers Drug Mart business has completed the acquisition of 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 more than 300 clinics across Canada. The deal is valued at CAD$845m. Growing role as a healthcare services company As...
05 May 2022
Loblaw delivered a solid sales performance in Q1 against tough comparables from last year. But the real story is the growth in profitability, with net earnings soaring by 40%. We look at what’s behind these results. Q1 key numbers Total revenue increased 3.3% to $12,262m Retail segment sales increased 3.2% to $12,045m Food retail same-stores sales increased by 2.1%, with drug retai...
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...
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...