Sobeys news

19 July 2019
Sobeys has launched two discount stores under the Chalo! FreshCo banner and format as part of its plans to develop and grow a discount business in western Canada. Planning to convert a quarter of its existing supermarkets Sobeys opened its first FreshCo format in western Canada in April, with seven stores currently trading. A further 11 stores have been announced as part of the first wave o...
01 July 2019
We review Sobeys’ fourth quarter and full year performance as it enters the final year of its three-year turnaround plan, Project Sunrise, and the prospects for its three key growth pillars in the year ahead. Sales and profit growth Sobeys’ fourth quarter sales increased by 5.7% to $6.2bn, supported by its acquisition of Farm Boy. Same-store sales, ex-fuel, increased by 3.8%. The retailer a...
05 June 2019
Sobeys has announced six additional locations for its FreshCo discount format in western Canada. The new stores will open next year and bring its announced openings in the region to 18 locations. Planning to convert a quarter of its existing supermarkets Sobeys opened its first FreshCo format in western Canada in April, with five stores currently trading. A further two stores will ope...
16 May 2019
Canada’s second largest food retailer, Sobeys, has created a new national leadership structure to drive growth, improve execution and accelerate innovation. Entering final phase of Project Sunrise turnaround plan These changes have been made as Sobeys enters the final phase of its transformation plan, Project Sunrise. This was launched two years ago to simplify the business, unlock its nati...
09 May 2019
Sobeys has revealed that its new grocery home delivery service, launched in partnership with Ocado, will be Voilà by Sobeys in Ontario and Voilà par IGA in Quebec. First customer fulfilment centre under construction Last year, Sobeys announced that it would partner with UK-based Ocado to launch an ecommerce service into the Ontario market. Sobeys is currently constructing a new customer ful...
29 April 2019
Sobeys has opened its first FreshCo discount format in western Canada, as part of its plans to improve its competitiveness in the region. Improving its competitiveness in western Canada The retailer announced plans to bring its FreshCo concept to western Canada in late 2017 as part of its turnaround plan for the region. Sobeys’ business in western Canada has been impacted by several issues,...
14 March 2019
We review Sobeys’ third quarter performance and progress against its turnaround plan, Project Sunrise. Turnaround on-track but significant work remains to fulfill potential Sobeys’ third quarter sales increased by 3.6% to $6.2bn, with same-store sales (ex-fuel) up 3.3%. Total sales growth was supported by the acquisition of Farm Boy. Adjusted net earnings fell 18.9% to $72.9m, reflecting Fr...
30 January 2019
Sobeys is set to convert 10 Safeway stores in British Columbia to support the launch of the FreshCo banner in western Canada. This will build on the launch of the concept in the spring with two stores in Manitoba. Progress on labour negotiations enabling store conversions Sobeys announced last year that it would launch the FreshCo banner in the region with the conversion of two stores in Wi...
14 December 2018
We review Sobeys’ second quarter performance and progress against its turnaround plan, Project Sunrise, as it reaches the halfway mark. Best performance since launching Project Sunrise Sobeys delivered its strongest quarter since the launch of Project Sunrise last year. Total sales increased 3.1% to $6.2bn, with same-store sales (ex-fuel) up 2.5%. Adjusted net earnings were up 49.4% to $110...
12 December 2018
Following announcing the proposed transaction in September, Sobeys’ parent company, Empire Company Ltd., has completed the acquisition of Farm Boy. Deal aligns with Sobeys’ food-focused strategy Farm Boy is an attractive acquisition for Sobeys, Canada’s second-largest grocery retailer, and a good fit with its food-focused strategy. It has been one of the most expansive retailers in Canada o...