Sobeys news

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...
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...