Sobeys news

15 December 2016
Sobeys' second quarter results reveal another challenging period for the retailer. We review the plans it’s putting in place to drive an improved performance. Sales and profits under pressure Sales fell by 2.1% to $5.9bn in Q2, with same-store sales, excluding fuel down 2.6%, reflecting the challenges which the retailer continues to see in the business. Driving sales growth remains the num...
12 December 2016
Sears Canada is partnering with two specialty retailers to operate food markets at its remodelled stores. Food viewed as a key traffic driver Although very few details have been released with regards to this launch, groceries are being introduced primarily to drive footfall to the retailer’s stores. Sears Canada continues to see a tough trading environment, with sales falling 21.1% in duri...
15 September 2016
As Sobeys reports a challenging first quarter, we look at the plans being put in place to drive a stronger performance. Sobeys’ first quarter sales fell by 1.0% to $6.2bn, with same-store sales (ex-fuel) down 1.2%. The retailer also saw a significant reduction in net earnings, down 39.9% to $65.4m. While the retailer continues to see challenges in Western Canada, related to its acquisition an...
07 September 2016
We look at Sobeys' new price cutting initiative in western Canada, and what it is aiming to achieve. Long term commitment to lower prices Launched this month, Sobeys has cut the prices on thousands of items across grocery and health and beauty categories, following on from price initiatives which were launched across fresh produce and meat earlier this year. Described as “a long-term commi...
08 July 2016
President and CEO Marc Poulin has left the company, effective immediately. Weakness at Safeway being left in other parts of the business Poulin’s departure comes following a challenging 12 months at the retailer where business performance has been impacted by its integration of Safeway in Western Canada. This resulted in Sobeys recording a loss of $2.1bn for the year following impairment c...
04 July 2016
With Sobeys reporting a further quarter of challenging results, we outline three key things to watch for over the next 12 months as it focuses on stabilising the business. A challenging end to the year Although Sobeys' fourth quarter sales increased by 8.9%, the retailer benefited from an additional trading week which accounted for 8.0% of the growth. Same-store sales, excluding the impact...
19 April 2016
Sobeys has appointed Beth Newlands Campbell as President of the company’s Atlantic/Ontario business unit. Experienced grocery leader This is a key appointment for Sobeys given Ms. Newlands Campbell’s significant experience in the grocery sector. She has spent 30 years in progressively senior operations marketing, merchandising and strategic planning roles with Delhaize’s US operations, in...
19 April 2016
.style1 { text-align: center; }.style2 { text-align: right; } Last month Sobeys celebrated the grand re-opening of its Urban Fresh store in Toronto’s waterfront district following a major remodel. We visited this store to review some of the new features. 1. Setting fresh expectations with produce The retailer has ensured a strong first impression for fresh foods within its produce depa...
11 April 2016
As the Overwaitea Food Group expands beyond British Columbia and Alberta for the first time, we look at what makes this retailer one to watch in Canada. 1. Private ownership enables long-term planning The Overwaitea Foods Group is wholly owned by the Pattison Group, one of the largest private companies in Canada. This not only provides the retailer with access to significant resources, but...
28 March 2016
Having launched a pilot program with Sobeys’ FreshCo operation in Toronto, Instabuggy and Sobeys are now extending their relationship to the Ottawa area. Moving beyond FreshCo to offer the service at Sobeys Urban Fresh Instabuggy, a grocery ecommerce business which operates a similar business model to Instacart, initially launched its service in Toronto last April through a pilot pro...