Sobeys news

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...
10 March 2016
Sobeys reported a challenging third quarter performance, with sales and profits impacted by the integration of Safeway in Western Canada. Western operations hold back company performance Sobeys’ third quarter sales increased by 1.5% to $6.0bn, with same-store sales up 0.4%. Excluding the impact of fuel and the retail West business unit, same-store sales would have increased by 2.7%. The ch...
16 February 2016
We highlight the five trends set to shape the grocery sector in the US and Canada this year. 1. Format reinvention Our key trend to watch this year is ‘format reinvention’. We expect to see a number of new concepts enter the market, with a particular focus on the supermarket format. Over the last year, retailers in North America have been channelling increased levels of investment into this...
03 February 2016
As Walmart expands its test of click and collect for online groceries to the Toronto area, we review how the channel is developing in Canada. Builds on successful launch in Ottawa Following the launch of an 11 store test in Ottawa last year, Walmart Canada has expanded this to 12 stores in the Toronto area. The Ottawa test revealed strong interest from shoppers in the service, with the con...