Content about Economy of Canada

March 24, 2014

Loblaw Cos. Ltd.’s acquisition of Shoppers Drug Mart Corp. has been approved by Canada’s Competition Bureau.

New York -- Loblaw Cos. Ltd.’s acquisition of Shoppers Drug Mart Corp. has been approved by Canada’s Competition Bureau. The $12.4 billion (US$11 billion) deal is expected to close on March 28.

To win approval from the Competition Bureau, Loblaw agreed to sell 18 stores and nine in-store pharmacies.

March 4, 2014

Sport Chek has opened a digitally savvy flagship in the largest shopping mall in North America: West Edmonton Mall, Edmonton, Alberta (Canada). The sporting goods retailer has woven interactive technology and digital installations throughout the 80,000-sq.-ft., two-level space, which is designed to offer an enhanced, personalized shopping experience that connects consumers to the sports they are passionate about.

February 26, 2014

Retailers making headlines with store expansion plans include new players as well as global powerhouses. Just in the starting gate is Fresh Thyme Farmers Market, a new specialty grocery format featuring value-priced healthy and organic offerings.

New York -- Retailers making headlines with store expansion plans include new players as well as global powerhouses. Just in the starting gate is Fresh Thyme Farmers Market, a new specialty grocery format featuring value-priced healthy and organic offerings. The company plans to open over 60 stores throughout the Midwest during the next five years.

February 20, 2014

Loblaw Companies Ltd. and its affiliates, the owners of Joe Fresh, have signed three separate partnership agreements that bring the brand into 23 new countries.

Toronto - Loblaw Companies Ltd. and its affiliates, the owners of Joe Fresh, have signed three separate partnership agreements that bring the brand into 23 new countries. The agreements cover markets in the Middle East, North Africa, Europe, and South Korea.

February 7, 2014

Sport Chek has opened a flagship in the largest shopping mall in North America: West Edmonton Mall, Edmonton, Alberta (Canada).

Sport Chek has opened a flagship in the largest shopping mall in North America: West Edmonton Mall, Edmonton, Alberta (Canada). The sporting goods retailer has woven interactive technology and digital installations throughout the 80,000-sq.-ft. space, which is designed to offer a personalized shopping experience that connects consumers to the sports they are passionate about.

February 5, 2014

Sport Chek on Wednesday opened an 80,000 sq.-ft. flagship in Canada's West Edmonton Mall.

Edmonton, Canada -- Sport Chek on Wednesday opened an 80,000 sq.-ft. flagship in Canada's West Edmonton Mall. The store is designed to offer a personalized shopping experience that connects consumers to the sports they are passionate about.

The space includes 800 screens that display product images, promotions and local sports information. It features over 1,200 sq. ft. of digital projection.

January 3, 2014

Wal-Mart is reportedly recalling donkey meat it sells in China after testing revealed the meat contained fox DNA.

Bentonville, Ark. — Wal-Mart is reportedly recalling donkey meat it sells in China after testing revealed the meat contained fox DNA. According to Bloomberg, Wal-Mart detected fox DNA in samples of donkey meat from Chinese supplier Dezhou Fujude Food Company Ltd., and has since withdrawn all products from the company from its shelves.

December 12, 2013

Customers at participating Tim Horton’s stores throughout Canada and the U.S. using BlackBerry 10 smartphones will be able to register a Tim Card on the TimmyMe mobile app and use NFC tap-to-pay technology to complete their order.

Oakville, Ontario – Customers at participating Tim Horton’s stores throughout Canada and the U.S. using BlackBerry 10 smartphones will be able to register a Tim Card on the TimmyMe mobile app and use NFC tap-to-pay technology to complete their order. Future development plans will also see this platform expanded to Android 4.4 devices.

December 10, 2013

Lululemon Athletica Inc. named Laurent Potdevin as CEO, and also announced founder Chip Wilson will step down as non-executive chairman.

Vancouver, British Columbia -- Lululemon Athletica Inc. on Tuesday named Laurent Potdevin as CEO, and also announced founder Chip Wilson will step down as non-executive chairman. Potdevin, most recently president of Toms Shoes, will replace Lululemon’s current CEO, Christine Day, in January, and will also become a director at that time. Prior to Toms, he served as president and CEO of Burton Snowboards from 2005 – 2010.

November 27, 2013

Canadian drug store operator The Jean Coutu Group is looking to boost holiday sales and make shopping more convenient this holiday season with the launch of an “e-store” window inside the Longueuil Metro Station.

Longueuil, Quebec -- Canadian drug store operator The Jean Coutu Group is looking to boost holiday sales and make shopping more convenient this holiday season with the launch of an “e-store” window inside the Longueuil Metro Station.

Located in the A Wing of the Longueuil Metro Station, a key public transit hub, the e-store window allows consumers to make holiday purchases online on the spot using their smartphones. Purchased items can be delivered to the address of their choosing before Dec. 24.

November 25, 2013

Shopko on Monday named Peter McMahon, most recently COO of Loblaws, as its new CEO, effective immediately.

Green Bay, Wis. -- Shopko on Monday named Peter McMahon, most recently COO of Loblaws, as its new CEO, effective immediately. Loblaws is Canada’s largest food retailer with over $30 billion in sales.

At Loblaws, McMahon was responsible for supply chain, IT, HR, labor relations, merchandising, store operations and loss prevention functions. Prior to Loblaws, McMahon held various senior level positions with some of the world’s largest retailers, including Wal-Mart in Germany and Japan and Tesco in central Europe.
 

November 21, 2013

Canadian pharmacy retailer The Jean Coutu Group Inc. has selected Microsoft Dynamics for Retail to manage all its retail operations, from its headquarters down to the point-of-sale devices in stores.

Redmond, Wash. -- Canadian pharmacy retailer The Jean Coutu Group Inc. has selected Microsoft Dynamics for Retail to manage all its retail operations, from its headquarters down to the point-of-sale devices in stores. Jean Coutu will deploy Microsoft Dynamics to more than 400 stores, 3,000 POS systems and 11,500 devices with implementation to start in 2014.

November 15, 2013

Canadian convenience store giant Alimentation Couche-Tard Inc. announced t it has signed, through its wholly-owned subsidiary Circle K Stores Inc., an agreement with Albuquerque Convenience and Retail to acquire 23 stores in New Mexico.

Laval, Quebec City -- Canadian convenience store giant Alimentation Couche-Tard Inc. announced t it has signed, through its wholly-owned subsidiary Circle K Stores Inc., an agreement with Albuquerque Convenience and Retail to acquire 23 stores in New Mexico. Albuquerque Convenience and Retail is subsidiary of Phillips 66 Company.

November 7, 2013

Canadian Tire reported strong financial results for the third quarter of fiscal 2013.

Toronto – Canadian Tire reported strong financial results for the third quarter of fiscal 2013. These include an 11% increase in net income, to $139 million from about $128 million.

In addition, revenue grew to $2.83 billion from $2.7 billion. Consolidated same-store sales grew 3.1% across the Canadian Tire, FGL Sports, and Mark’s banners.

October 28, 2013

Target Canada has announced the opening dates for 33 additional Canadian store locations spanning across nine provinces, including its first stores in New Brunswick, Prince Edward Island and Newfoundland.

Mississauga, Ont. – Target Canada has announced the opening dates for 33 additional Canadian store locations spanning across nine provinces, including its first stores in New Brunswick, Prince Edward Island and Newfoundland.

Thirty-one store locations are scheduled to open on Nov. 13, and the remaining two locations will open on Nov. 22, completing Target's Canadian store openings for 2013.