Loblaw news

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...
20 January 2022
Loblaw’s drugstore business, Shoppers Drug Mart, is testing vending machines in the Ontario market. Essential items Shoppers Drug Mart is partnering with transit company Metrolinx to test smart vending units at selected GO stations, including Union Station Bus Terminal in Toronto, Burlington GO Station and at Oshawa GO Station . Customers can purchase a wide range of essential items includi...
18 November 2021
As trading patterns readjust to the easing of lockdown restrictions in Canada, we look at what this means for Loblaw’s range of formats. Loblaw’s Q3 key numbers Total revenue increased 2.4% to $16.1m, with retail segment sales up 2.4% to $15.8m Food retail same-stores sales increased by 0.2% Drug retail (Shoppers Drug Mart) same-store sales increased by 4.4%, with pharmacy same-sto...
10 August 2021
Loblaw is partnering with dentalcorp Holdings, Canada’s largest network of dental practices. Under the agreement, dentalcorp will be the exclusive provider of oral care education and dental health services for users of the PC Health app. Personalised healthcare Loblaw launched the PC Health app last year, in partnership with League, Canada’s leading health operating system technology provid...
02 August 2021
With a new leadership team in place, Loblaw has reassessed almost 20 strategic initiatives. Against a strong second quarter performance, we look at some of the areas the business will be focusing on through the second half. Loblaw Q2 key numbers Total revenue up 4.5% to $12.5bn Operating income up 86.1% to $752m Net earnings up 660% to $56m Food retail same-store sales declined ...
07 July 2021
Canada's leading retailer, Loblaw, has opened its first Real Atlantic Superstore format in over a decade. We look at the concept which features the latest conventional neighbourhood model décor. Built for the future This is a new build store, located in a growing community within the Halifax Regional Municipality. It is expected to experience sustainable population growth for many years to ...