Sobeys news

27 November 2018
We look at the prospects for the online grocery channel in Canada as major retailers step-up their investments. Forecasting 21.0% CAGR through to 2023 Although the online grocery channel has seen an increased level of activity this year, it represents only a small proportion of the overall grocery market, estimated at 0.8%. This is forecast to grow to 1.8% by 2023, with a CAGR of 21.0% expe...
18 October 2018
Big store reinvention is a major focus right now for many retailers globally. And many have identified food-to-go, and wider foodservice, as a key opportunity through which to boost dwell time, increase spend, drive customer experience and deepen the relationship with those visiting the store. But delivering great food-to-go and foodservice solutions is not easy. Globally we’ve helped a number...
24 September 2018
We look why Sobeys is acquiring this fast-growing, fresh focused food retailer. Compelling brand with unique market positioning Described as a hybrid of Trader Joe’s and Whole Foods Market, Ottawa-based Farm Boy has been one of the most expansive retailers in Canada over recent years. It has doubled its store count to 26 units over the last five years. It has carved out a niche positioning ...
17 September 2018
We review Sobeys’ first quarter results and the key initiatives underway to sustain its improved performance. Strong profit growth as sales show steady improvement Sobeys’ first quarter sales increased by 3.0% to $6.5bn, with same-store sales excluding fuel up 1.3%. The retailer recorded its highest volume performance for six years, reflecting the improvements which are being delivered as p...
23 July 2018
As part of its plans to launch its FreshCo discount format in western Canada, Sobeys has announced that two Safeway stores in Winnipeg will be closed and converted. The stores are expected to open early next year. Launch central to improving performance in western Canada Construction at the two locations will start in October, with the pharmacies at fuel stations at both stores remaining op...
29 June 2018
Sobeys delivered strong profit growth in the fourth quarter as it completed the first year of its turnaround plan, Project Sunrise. With many of the foundational improvements completed, the retailer is turning its focus to driving sales growth.  Same-store sales flat to last year Sobeys’ fourth quarter sales increased by 1.5% to $5.9bn, with same-store sales flat to last year. Sales were im...
05 June 2018
Sobeys has announced several senior leadership changes as it positions itself for the next phase of its three-year transformation plan. Transformation on-track The retailer has made significant progress during the first year of its transformation plan, focusing on key fundamentals. Sobeys has stabilised margins, put a new lower-cost national operating structure into place and advanced its p...
14 March 2018
We review Sobeys’ third quarter performance and progress against its turnaround plan, Project Sunrise. Improving sales and profitability Sobeys’ third quarter sales increased by 2.4% to $6.0bn, with same-store sales up 1.1%. Adjusted net earnings over the period increased from $34.6m to $89.9m, reflecting an improvement in sales and margins, cost efficiencies and benefits related to Project...
22 January 2018
Ocado has announced a partnership with Sobeys to develop its online grocery business in Canada. This is Ocado's first venture into North America, and the third international partnership for the Ocado Smart Platform. Exclusive partnership Sobeys is Canada's second largest food retailer, generating sales of C$23.8 billion in 2017. It operates more than 1,500 stores across the country under...
02 January 2018
We look at the growth priorities for the four major grocery retailers in Canada over the next 12 months, as they focus on topline growth against a backdrop of increasing cost headwinds. Loblaw: loyalty and digital initiatives Loblaw’s activities in 2018, particularly in the first half of the year, will be shaped by the flurry of announcements which were made over the last two months. Its mo...