Content about Economy of Canada

March 28, 2014

It’s official. Loblaw has completed its acquisition of Shoppers Drug Mart Corporation, which is now a separate operating division of Loblaw.

It’s official. Loblaw has completed its acquisition of Shoppers Drug Mart Corporation, which is now a separate operating division of Loblaw.

"The most successful partnerships are grounded in strengths that complement each other," said Galen G. Weston, executive chairman, Loblaw. "Loblaw and Shoppers Drug Mart are perfect partners. We will drive growth and profitability through our unmatched mix of store formats, products and offerings. This is truly a case of the whole being greater than the sum of its parts."

March 24, 2014

More than 360 select Loblaw banner stores across Canada nabbed the world record for the most wheels of Parmigiano Reggiano cheese cracked simultaneously, as declared by a Guinness World Records adjudicator. Officially, 1,008 wheels were cracked in more than 360 Loblaw banner stores simultaneously across Canada.

More than 360 select Loblaw banner stores across Canada nabbed the world record for the most wheels of Parmigiano Reggiano cheese cracked simultaneously, as declared by a Guinness World Records adjudicator. Officially, 1,008 wheels were cracked in more than 360 Loblaw banner stores simultaneously across Canada.

March 20, 2014

Walmart has borrowed a page from the playbook of Home Depot and Lowe’s with a new Spring seasonal promotion that leverages the equity of Black Friday.

Walmart has borrowed a page from the playbook of Home Depot and Lowe’s with a new Spring seasonal promotion that leverages the equity of Black Friday.

February 24, 2014

Walmart is awarding $1.75 million in grants from the Walmart Foundation to three of the nation’s leading nonprofit organizations: National Association for the Advancement of Colored People (NAACP), National Urban League (NUL) and United Negro College Fund (UNCF).

Walmart is awarding $1.75 million in grants from the Walmart Foundation to three of the nation’s leading nonprofit organizations: National Association for the Advancement of Colored People (NAACP), National Urban League (NUL) and United Negro College Fund (UNCF).

February 20, 2014

Never one to let an opportunity to bash Walmart go to waste, United Food and Commercial Workers International Union (UFCW) associate director Robin Williams did just then when she was named to the NAACP board.

Never one to let an opportunity to bash Walmart go to waste, United Food and Commercial Workers International Union (UFCW) associate director Robin Williams did just then when she was named to the NAACP board.

Williams, a 17-year UFCW veteran, was named to the 62-member board of the National Association for the Advancement of Colored People on Feb. 13. Williams leads UFCW’s civil rights and community action department and said it was an honor to join the board of the nation’s oldest and largest civil rights organization.

February 7, 2014

Walmart is marking the 20th anniversary of its entry into Canada this year by spending big bucks to expand physical stores and distribution capacity while devoting a much smaller portion of a $500 million budget to e-commerce.

Walmart is marking the 20th anniversary of its entry into Canada this year by spending big bucks to expand physical stores and distribution capacity while devoting a much smaller portion of a $500 million budget to e-commerce.

Walmart said it would spend close to $500 million in Canada this year with $376 million of that amount dedicated to 35 supercenter projects totaling one million square feet of new selling space. Walmart currently operates 389 stores in Canada, of which 247 are supercenters. By year end it expects to have 395 stores of which 282 will be supercenters.

January 31, 2014

Bad weather and a reduction in food stamps led to weaker-than-expected sales at Walmart and Sam’s Club, which combined with greater-than-expected international expense, prompted an uncharacteristic pre-announcement from the company that fourth quarter profits would be worse than expected.

Bad weather and a reduction in food stamps led to weaker-than-expected sales at Walmart and Sam’s Club, which combined with greater-than-expected international expense, prompted an uncharacteristic pre-announcement from the company that fourth quarter profits would be worse than expected.

January 29, 2014

Target plans to carry on its Canadian expansion this year with nine additional stores, the majority of which will open in Ontario, although the retailer plans to open single stores in Quebec, Manitoba, Alberta and B.C.

Target plans to carry on its Canadian expansion this year with nine additional stores, the majority of which will open in Ontario, although the retailer plans to open single stores in Quebec, Manitoba, Alberta and B.C.

January 23, 2014

The Walmart Foundation’s Colorado State Giving Program has awarded $321,000 to eight Colorado nonprofits that are helping to fund local programs to improve education, women’s economic empowerment, healthy eating and fighting hunger.

The Walmart Foundation’s Colorado State Giving Program has awarded $321,000 to eight Colorado nonprofits that are helping to fund local programs to improve education, women’s economic empowerment, healthy eating and fighting hunger.

The organizations include We Don’t Waste, Lapuente Home, Care and Share, Kids Aid, Project Angel Heart, Women’s Resource Agency, Broadway Assistance Center and Discover Goodwill of Southern and Western Colorado.

January 16, 2014

Walmart’s reputation took another hit this week when major media outlets pounced on a complaint filed by the National Labor Relations Board claiming the retailer illegally retaliated against workers who participated in protests at stores.

Walmart’s reputation took another hit this week when major media outlets pounced on a complaint filed by the National Labor Relations Board claiming the retailer illegally retaliated against workers who participated in protests at stores.

January 2, 2014

The case for domestic sourcing received a boost this week after Walmart was required to recall 73,400 five-piece card table and chair sets sold under its Mainstays brand.

The case for domestic sourcing received a boost this week after Walmart was required to recall 73,400 five-piece card table and chair sets sold under its Mainstays brand.

The recall was initiated after Walmart said it received reports of 10 injuries including one instance of a finger amputation and several fingertip amputations. The product was manufactured by the Heshan Camis Industrial Co. Ltd., of Guangdong, China, according to the Consumer Products Safety Commission.

January 2, 2014

Food safety and compliance issues earned Walmart some unwanted attention this week after it was learned that snacks made with donkey meat in China were also found to contain fox meat.

Food safety and compliance issues earned Walmart some unwanted attention this week after it was learned that snacks made with donkey meat in China were also found to contain fox meat.

December 17, 2013

Hudson’s Bay Company has named Donald Watros, currently the company’s COO, as president of HBC, a newly expanded role. The appointment is effective Feb. 1, 2014.

Hudson’s Bay Company has named Donald Watros, currently the company’s COO, as president of HBC, a newly expanded role. The appointment is effective Feb. 1, 2014.

The move comes as the company restructures its leadership so it can focus on managing and growing HBC’s presence in North America, as well as its expanding portfolio of brands.

December 2, 2013

Canada's Jean Coutu Group is helping to bolster holiday sales with the launch of its "e-store window" inside the Longueuil Metro Station. Commuters will be able to shop a wall of deals using their smartphones with delivery before Dec. 24.

Canada's Jean Coutu Group is helping to bolster holiday sales with the launch of its "e-store window" inside the Longueuil Metro Station. Commuters will be able to shop a wall of deals using their smartphones with delivery before Dec. 24. 

November 25, 2013

Shopko has named retail industry veteran Peter McMahon as its new CEO.

Shopko has named retail industry veteran Peter McMahon as its new CEO.

McMahon has more than 30 years of experience in international retail. Most recently McMahon served as the COO at Loblaws. As COO, McMahon was responsible for Loblaws’ supply chain, IT, HR, labor relations, merchandising, store operations and loss prevention functions. Prior to his time at Loblaws, McMahon held senior-level positions at Walmart in Germany and Japan and Tesco in central Europe.

November 21, 2013

Lowe's Canada has restructured its senior leadership team ahead of plans to continue growing its footprint in Canada.

Lowe's Canada has restructured its senior leadership team ahead of plans to continue growing its footprint in Canada.

November 13, 2013

Facing an increasingly competitive retail landscape, Canadian retailer Loblaw Cos. posted a slight lift in retail sales but, due to incremental margin investment in the back half of the year, lowered its earnings growth expectations for 2013.

Facing an increasingly competitive retail landscape, Canadian retailer Loblaw Cos. posted a slight lift in retail sales but, due to incremental margin investment in the back half of the year, lowered its earnings growth expectations for 2013.

However, company executives are optimistic as the company remains focused on investing in what it refers to as the “customer proposition” and looks forward to its acquisition of Shoppers Drug Mart.

October 25, 2013

Mike Graen has left his position as director of innovations and supplier collaboration at Walmart to assume a new role with leading merchandising and marketing services company Crossmark.

Mike Graen has left his position as director of innovations and supplier collaboration at Walmart to assume a new role with leading merchandising and marketing services company Crossmark.

Grain will serve as managing director of the Crossmark Center for Collaboration currently under construction adjacent to Walmart’s headquarters on Southwest 8th Street in Bentonville, Ar.

October 24, 2013

Beauty retailer Sephora has appointed former Sears Canada and Loblaws executive Calvin McDonald as president and CEO of Sephora Americas, effective Jan. 1, 2014.

Beauty retailer Sephora has appointed former Sears Canada and Loblaws executive Calvin McDonald as president and CEO of Sephora Americas, effective Jan. 1, 2014.

McDonald succeeds David Suliteanu, who has led Sephora since July 2000. Suliteanu is becoming the CEO of Kendo Brands, a separate LVMH entity, which creates new beauty brands, as well as acquires brands. The Kendo portfolio today includes brands, such as Ole Henriksen, Kat von D, Formula X and Marc Jacobs Beauty, with others in development.

October 23, 2013

Publix Super Markets has decided to sell PIX, the fuel/C-store concept it began testing in 2001. Circle K Stores, a wholly owned subsidiary of Alimentation Couche-Tard, will purchase 13 sites, of which 11 are located in Florida and two in Georgia.

Publix Super Markets has decided to sell PIX, the fuel/C-store concept it began testing in 2001. Circle K Stores, a wholly owned subsidiary of Alimentation Couche-Tard, will purchase 13 sites, of which 11 are located in Florida and two in Georgia.

Max Arnold & Sons, a family-owned company located in Hopkinsville, Ky., which has been in operation for more than 60 years, will purchase the site located in Tennessee.

October 17, 2013

Walmart said its worldwide capital expenditure budget for the 2014 will range between $11.8 billion and $12.8 billion, roughly $200 million less than the company expects to spend during the current year, even as it adds more selling space.

Walmart said its worldwide capital expenditure budget for the 2014 will range between $11.8 billion and $12.8 billion, roughly $200 million less than the company expects to spend during the current year, even as it adds more selling space.

September 26, 2013

Loblaw has announced a string of executive moves, including the appointment of Mark Butler as EVP integration, who is charged with integrating the recently acquired Shoppers Drug Mart.

Loblaw has announced a string of executive moves, including the appointment of Mark Butler as EVP integration, who is charged with integrating the recently acquired Shoppers Drug Mart.

In the newly created role, Butler will take on responsibility for planning the integration of Shoppers Drug Mart, while ensuring it remains an independent division. And subject to completion of the transaction following review by the Competition Bureau, Butler will lead the team charged with delivering synergies. He has 37 years with Loblaw, and most recently was EVP conventional division.

September 24, 2013

As part of its efforts to strengthen its digital footprint, Walmart has launched its first-ever original reality series developed specifically for the Web.

As part of its efforts to strengthen its digital footprint, Walmart has launched its first-ever original reality series developed specifically for the Web. 

The new weekly Web series highlights 20 finalists in the Walmart Get on the Shelf contest, which encourages entrepreneurs to present products to Walmart customers.

September 23, 2013

In preparation for the holiday shopping season, Walmart has announced plans to hire 55,000 seasonal employees.

In preparation for the holiday shopping season, Walmart has announced plans to hire 55,000 seasonal employees. 

The big box retailer also intends to transition more than 35,000 workers from temporary to part-time and another 35,000 workers from part-time to full-time.

September 19, 2013

As Walmart’s former EVP of corporate affairs, Leslie Dach was credited with spearheading major initiatives to bolster the company’s reputation. In a recent piece for the Harvard Business Review, written before he left Walmart, Dach weighed in on how being a better company is the only way to win on the reputation front.

Click here to read Dach's column.