Sobeys news

24 May 2022
Canada’s second largest grocery retailer, Sobeys, has launched a new ‘Value Size’ campaign in-store, which has seen it extend its range of larger pack formats. Dedicated in-aisle feature bays With inflation hitting a 31-year highpoint in Canada last month, retailers are using a range of tactics to respond to the cost of living crisis. At Sobeys, this includes a new ‘Value Size’ initiative w...
11 March 2022
Sobeys saw same-store sales fall 1.7% in the third quarter as it faced tough comparables from last year. But it continues to grow its margins and improve profitability. What’s behind this performance? Q3 key numbers Total sales up 5.1% to $7.4 bn, reflecting the acquisition of Longo’s Same-store sales (ex-fuel) down 1.7%, but up 8.3% over a two year period Ecommerce sales up 17% Net...
16 February 2022
Sobeys will open the fourth planned Customer Fulfillment Centre (CFC), as part of its strategic partnership with Ocado, in the Greater Vancouver Area. This is expected to become operational in 2025. Reaching 75% of Canadian households This site will be the final one to open in Canada as part of this partnership. Last year, the first CFC launched in Toronto, with the second site expected to ...
08 February 2022
Ocado Retail sales were up 4.6% in 2021 (52 weeks to 28 th  November) but the Group made a loss before tax of (£176.9)m. Ocado Retail: capacity increases offset a normalising basket Ocado Retail revenue increased by 4.6% to £2.3bn. An increase in customer numbers (up 22.4% to 832,000) and orders (up 11.9% to 357,000) offset a declining, normalising basket size of (5.8)% to £129. Although or...
27 January 2022
In the live broadcast of Ocado Re:Imagined, Ocado unveiled seven new innovations that will underpin its Ocado Smart Platform (OSP). “Game-changing” technology Ocado needs to improve its product to retain and attract new partners. New deals will enable Ocado to increase investment and improve the proposition, creating a virtuous cycle. Since its launch, Ocado has 10 sites live across the glo...
10 December 2021
Although same-store sales were down 1.3% as it cycled against tough comparables from last year, Sobeys continued to make progress against its Project Horizon growth plan and strategic format initiatives. Q2 key numbers Total sales increased 4.9% to $7.3bn, supported by the acquisition of Longo’s Same-store sales, excluding fuel, decreased by 1.3%, although increased 6.8% on a two-year...
07 November 2021
We take a look at Sobeys’ new modular supermarket format, which has flexibility built into its DNA. Format weaknesses exposed by pandemic The store in Orangeville, Ontario has been developed in partnership with Interstore | Schweitzer, based on its Flexstore concept. The remodelled store saw every department relocated to a new location. However, due to the flexibility offered by the concept...
10 September 2021
We review Sobeys’ first quarter performance as it lapped the surge in demand from last year, and the outlook for the coming months as it pushes ahead with its growth programme, Project Horizon. First quarter key numbers Total sales up 3.7% to $7.6bn, supported by the acquisition of Longo’s Same-store sales (ex-fuel) decreased by 2.2%; on a two-year stacked basis, same-store sales were up...
11 August 2021
Sobeys’ Quebec-based IGA business has invested a majority stake in Ricardo Media to accelerate the brand’s development. Building on existing partnership Founded in 2002, Ricardo Media is a food media company, operating a leading magazine with one million readers, a daily television programme and an online presence that generates 5.4m visits per month. In 2011, the company launched a range o...
24 June 2021
As Sobeys lapped last year’s strong fourth quarter performance, sales and profitability declined. However, it delivered a strong two-year stacked performance and remains on-track with its growth initiatives, including the acceleration of its ecommerce business. Q4 and FY key numbers Q4 sales declined 1.3% to $6.9bn, with same-store sales down 6.1% Q4 two-year stacked same store-sales ...