DOCSLIB.ORG

Global Powers of Retailing 2018: Canadian Executive Summary

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Global Powers of Retailing 2018: Canadian Executive Summary Global powers of retailing 2018 Canadian executive summary Global powers of retailing 2018 | Canadian retailers in the top 250 This page has been intentionally left blank. 02 Global powers of retailing 2018 | Introduction Introduction Global powers of retailing is an annual report published by Deloitte that identifies the 250 largest retailers around the world based on publicly available data. This report is for the fiscal year 2016, which ended at June 2017. It analyzes retail performance across geographies and product sectors and highlights the most relevant retail trends. This year, the report also provides an outlook on the future of retailing through the lens of young consumers. 3 Global powers of retailing 2018 | Canadian retailers in the top 250 global retailers list Canadian retailers in the top 250 global retailers list There was limited change in the global rank of Canada’s largest retailers in 2017. The exception was Hudson’s Bay, which grew its retail revenue by 30 percent and jumped 27 spots in the global rank to #87. Hudson’s Bay’s growth was propelled by Within the grocery sector, three of the its recent acquisitions of GALERIA Kaufhof four Canadian retailers on the list declined and Gilt Groupe, and its organic growth, slightly in rank (Loblaw Companies Limited, through expansion into the Netherlands Metro Inc., and Overwaitea Food Group), and extension of Saks Fifth Avenue and while Empire Company Limited stayed Saks OFF 5TH into Canada. Its rapid growth steady at #53. qualified the company for the Fastest 50 list, which is based on compound annual revenue growth over the five-year period of 2010 to 2015. 4 Brochure / report title goes here | Section title goes here Loblaw Empire Hudson's Metro Canadian Overwaitea Retailer Companies Companies Bay Inc. Tire Food Limited Limited Company Corporation Group Dominant Hypermarket/ Supermarket Department Supermarket Other Supermarket operational supercentre/ store specialty format superstore Canadian rank 1 2 3 4 5 6 Global rank 30 53 87 101 111 249 Global rank change from 2017 report -1 +27 +3 +1 -6 FY16 retail revenue 34,235 18,065 10,970 9,646 8,635 3,621 ($US M) FY16 parent company net income 747 131 -392 442 564 n/a ($US M) FY2011-16 retail revenue 8.1% 8.2% 30.3% 2.3% 4.1% 7.9% CAGR* *compound annual growth rate 5 Global powers of retailing 2018 | Key themes for Canada Key themes for Canada 1. “Everywhere Commerce” spend more than double those who only Don’t expect the growth of grocery online is disrupting the traditional shop at bricks-and-mortar stores. The to stop anytime soon; a recent study retail model: change in consumer habits has made it found that global grocery sales through The traditional retail model continues increasingly important for retailers to plan, e-commerce channels jumped 30 percent to be disrupted as consumers can shop strategize, and execute across all channels. in the past year. The five countries leading however, wherever, and whenever the growth charge were China (+52%), South they want. To meet growing customer In response to this, retailers are developing Korea (+41%), the UK (+8%), France (+7%), expectations, retailers have had to their digital capabilities to provide a and Japan and the US (both +5%). innovate and transform at a faster pace seamless omnichannel experience. The and greater magnitude than ever before. retail industry is rife with examples of 4. Creating unique and compelling Leading e-commerce retailers such companies building, buying, or partnering in-store experiences: as Amazon and JD.com have actively to attain much-needed e-commerce Ninety percent of worldwide retail sales is foregone short-term profitability for and last-mile capabilities. Most notably, still done in physical stores, but to compete, customer acquisition, revenue growth, Amazon’s recent acquisition of Whole Foods retailers will need to provide meaningful and market share dominance. This shifting Market provided Amazon with a bricks- customer experiences and build brand paradigm has put traditional retailers at risk of losing customers and market share to these more nimble players. Grocers are transitioning from providers of goods to purveyors of services and solutions, with food, In Canada, we have seen evidence of this trend as Amazon continues to disrupt the health, and wellness converging in a retail setting. market by expanding its Prime offering— a service that has seen 80 percent and-mortar presence. Within the US, the engagement. Other bricks-and-mortar year-over-year growth since its acquisition provided Amazon with access retailers are realizing the importance of introduction in Canada in 2013.1 to more than 450 physical pickup points creating unique and curated merchandise and fresh food distribution centres. Within offers, an exciting and entertaining We also see retailers closing unprofitable Canada, Whole Foods has cut prices on atmosphere, and concierge-like service stores as consumers spend increasingly select products since the acquisition and levels beyond what consumers can more online, and more on services than become a distribution channel for Amazon’s find online. goods. Some retailers simply lose favour Echo and Echo Dot products.2 with consumers. Sears, once one of the What is starting to happen inside grocery largest retailers in Canada, closed its 3. Combining bricks and clicks makes stores across the globe is a good example final stores in January 2018.South of the up for lost time: of this trend. Grocers are transitioning from border, the US saw a record number of store Many players that had initially been on providers of goods to purveyors of services closings in 2017, with 6,885 stores shutting the sidelines, failing to keep up with digital and solutions, with food, health, and their doors by December 1. trends, are now making up for lost time in a wellness converging in a retail setting. big way, often through partnerships. A host of retailers already have added 2. Building world-class digital in-store health clinics and on-site capabilities: To offer home delivery, many retailers nutritionists and dieticians. US supermarket Digital continues to have an important have partnered with third-party providers. chain Hy-Vee is now teaming with influence on purchasing habits. In the 2016 Loblaws, for example, recently partnered OrangeTheory fitness centres to open report The new digital divide, Deloitte found with Instacart to provide Canadians locations in some stores and integrate that digital interactions influence 56 cents with grocery home delivery in as little as training and nutrition services.4 Expect to of every dollar spent in bricks-and-mortar one hour.3 In the US, Instacart already see retailers in Canada continuing to push stores, up from 36 cents just three years partners with Kroger, Price Chopper, Publix, the envelope on the in-store experience. prior. Furthermore, according to Deloitte’s Stop & Shop, Wegmans, and even hard The omnichannel opportunity study, those discounter Aldi. who shop online, on mobile, and in-store 6 Global powers of retailing 2018 | Key themes for Canada 5. Reinventing retail with the 6. Next big play: setting up shop in latest technologies: foreign markets: Endnotes Technologies such as the Internet of Overall, the Top 250 North American Things, artificial intelligence, augmented retailers have a fairly low level of 1. http://business.financialpost.com/investing/ and virtual reality (AR/VR), and robots will globalization. Although retail operations canadian-whole-foods-stores-offer-up-savings- as-amazon-acquisition-closes continue to drive innovation in the retail spanned nine countries on average, experience, enabling retailers to further only 13.6 percent of the region’s FY2016 2. Source: http://business.financialpost.com/ elevate their businesses and advance combined retail revenue came from investing/canadian-whole-foods-stores-offer- up-savings-as-amazon-acquisition-closes customer relationships. foreign operations. More than 42 percent of top North American retailers remain 3. Source : http://media.loblaw.ca/English/ media-centre/press-releases/press-release- Voice-controlled electronic devices powered single-country operators. details/2017/Loblaw-and-Instacart-to-offer- by artificial intelligence technology, like grocery-delivery-to-millions-of-Canadian-homes/ Amazon Echo, Echo Dot, and Google Home, In contrast, European retailers remain the default.aspx are disrupting the path to purchase. most globally active as they search for 4. Hy-Vee announces innovative partnerships with Amazon holds 68 percent of the smart growth outside their mature home markets. Wahlburgers Restaurants and Orangetheory speaker market share. Alexa moved into Nearly 41 percent of their combined Fitness. 30 August 2017. Press release retrieved from https://www.hy-vee.com/company/ Canada in November 2017, buoyed by revenue was generated from foreign pressroom/press-releases/hy-vee-announces- a robust marketing campaign. Canada operations in FY2016—almost twice as innovative-partnershipswith-wahlburgers- appears to be a natural place for Amazon much as the Top 250 group as a whole. restaurants-and-orangetheory-fitness.aspx to extend its Alexa offering; the local site Almost 85 percent of the region’s companies 5. http://www.businessinsider.com/amazon-rolls- of Amazon.ca is the “seventh-most visited operated internationally, with a presence in out-alexa-echo-in-canada-2017-11 website in Canada and the most trafficked 16 countries on average. 6. http://www.businessinsider.com/amazon-rolls- 5 e-commerce platform.” Unfortunately, out-alexa-echo-in-canada-2017-11 Alexa is not available in French yet, which As Canadian retailers look for growth, there may limit penetration in the French-speaking may be opportunities for them to expand areas of the country.6 beyond their borders. Perhaps one of the most progressive uses In summary, it is a transformative time of technology and automation is in the in retail.
Load more

Recommended publications
  • Management's Discussion and Analysis
    Management’s Discussion and Analysis Table of Contents 4 At a Glance The following Management’s Discussion and Analysis (“MD&A”) for George Weston 5 Our Business Limited (“GWL” or the “Company”) should be read in conjunction with the audited annual consolidated financial statements and the accompanying notes on pages 89 8 Key Performance Indicators to 171 of this Annual Report. The Company’s audited annual consolidated financial Operating Segments statements and the accompanying notes for the year ended December 31, 2019 have 12 Loblaw been prepared in accordance with International Financial Reporting Standards (“IFRS” or “GAAP”) as issued by the International Accounting Standards Board (“IASB”). 14 Choice Properties The audited annual consolidated financial statements include the accounts of 16 Weston Foods the Company and other entities that the Company controls and are reported in 19 Financial Results Canadian dollars, except where otherwise noted. 76 Outlook Under GAAP, certain expenses and income must be recognized that are not necessarily reflective of the Company’s underlying operating performance. Non-GAAP financial 77 Non-GAAP Financial Measures measures exclude the impact of certain items and are used internally when analyzing 87 Forward-Looking Statements consolidated and segment underlying operating performance. These non-GAAP 88 Additional Information financial measures are also helpful in assessing underlying operating performance on a consistent basis. See Section 14, “Non-GAAP Financial Measures”, of this MD&A for more information on the Company’s non-GAAP financial measures. The Company operates through its three reportable operating segments, Loblaw Companies Limited (“Loblaw”), Choice Properties Real Estate Investment Trust (“Choice Properties”) and Weston Foods.
    [Show full text]
  • Loblaw Companies Stores Where Colleagues/Employees Are Mandated to Wear Masks
    Loblaw Companies stores where colleagues/employees are mandated to wear masks Province Customers mandated to wear masks Effective December 9, the government of Alberta mandates the use of masks in all indoor public spaces. This includes all Alberta Loblaw stores in Alberta: Extra Foods, nofrills, Real Canadian Superstore, Real Canadian Liquorstore, Shoppers Drug Mart, T&T, Wholesale Club, Your Independent Grocer and Your Independent Liquorstore. Effective November 20, the government of British Columbia mandates the use of masks in all indoor public spaces. This British Columbia includes all Loblaw stores in British Columbia: City Market, Extra Foods, Joe Fresh, nofrills, Real Canadian Superstore, Shoppers Drug Mart, T&T, Wholesale Club and Your Independent Grocer. Effective November 12, the government of Manitoba mandates the use of masks in all indoor public spaces. This includes Manitoba all Loblaw stores in Manitoba: Extra Foods, nofrills, Real Canadian Superstore, Shoppers Drug Mart and Wholesale Club. Effective August 24, the government of Newfoundland mandates the use of masks in all indoor public spaces. This includes Newfoundland all Loblaw stores in Newfoundland: Dominion, nofrills, Shoppers Drug Mart, Your Independent Grocer and Wholesale Club. Effective October 9, the government of New Brunswick mandates the use of masks in all indoor public spaces. This New Brunswick includes all Loblaw stores in New Brunswick: Atlantic Superstore, nofrills, Shoppers Drug Mart, Your Independent Grocer and Wholesale Club. Effective July 31, the government of Nova Scotia mandates the use of masks in all indoor public spaces. This includes all Nova Scotia Loblaw stores in Nova Scotia: Atlantic Superstore, nofrills, Shoppers Drug Mart, Your Independent Grocer and Wholesale Club.
    [Show full text]
  • West Block Quotes Galen G. Weston, Executive Chairman, Loblaw Companies Limited
    West Block Quotes Galen G. Weston, Executive Chairman, Loblaw Companies Limited: “When the building first opened in 1928 it was hailed as the most modern warehouse of its kind. Our task was to reconstruct a space that represents Loblaw’s exciting future and properly captures the essence of both its history, and that of the city,” said Galen G. Weston, Executive Chairman, Loblaw. “Brick by brick and stone by stone, West Block’s historic façade has been restored so it once again becomes a destination within the community.” Sarah Davis, President, Loblaw Companies Limited: “The reopening of the West Block building is an important milestone in Loblaw’s history, and a cornerstone of our future,” said Sarah Davis, President, Loblaw. “The building is an architectural representation of our company, and our role as an ongoing retail innovator. It brings together our century-long story, combining convenient bricks-and-mortar store locations and the new hub of our digital, loyalty and financial services teams.” Tony Grossi, President, Wittington Properties: “Wittington Properties recognized a great opportunity in 2013. The historical Loblaw Grocerteria head office and warehouse location was in need of a complete restoration at a scale never before imagined in the City of Toronto,” said Tony Grossi, President of Wittington Properties. “Meticulous attention to detail was paid to not only the precise placement of brick and stone, but also to the reintroduction of the original bronze reliefs at the Heritage Entrance and in recreation of the original Loblaw Groceteria building sign. The focus on recapturing the original essence of the historical building was important to preserve the memory that a great brand in 1928 continues to be a great brand over 90 years later.” Barry Columb, President, PC Financial: “PC Financial is all about providing everyday rewards to Canadians through digital-first payments innovations,” says Barry Columb, President, PC Financial.
    [Show full text]
  • English GWL Press Release Q4 2020
    NEWS RELEASE George Weston Limited Reports 2020 Fourth Quarter and Fiscal Year Ended December 31, 2020 Results(2) Toronto, Ontario March 2, 2021 George Weston Limited (TSX: WN) (“GWL” or the “Company”) today announced its consolidated unaudited results for the 13 weeks ended December 31, 2020. GWL’s 2020 Annual Report includes the Company’s audited annual consolidated financial statements and Management’s Discussion and Analysis (“MD&A”) for the fiscal year ended December 31, 2020. The 2020 Annual Report has been filed on SEDAR and is available at sedar.com and in the Investor Centre section of the Company's website at weston.ca. As a result of the Company’s reporting calendar, the fourth quarter and full year 2020 include an extra week of operations (“the 53rd week”) compared to 2019. “George Weston performed well during the fourth quarter,” said Galen G. Weston, Chairman and Chief Executive Officer, George Weston Limited. “Our businesses showed resilience in the face of challenging circumstances as they delivered improved results across the board. Looking forward, as COVID-19 impacts continue to add short-term uncertainty, we remain confident in the long-term value creation opportunities for each of them.” Loblaw Companies Limited (“Loblaw”) delivered positive results with strong same-store and e-commerce sales growth in a quarter heavily impacted by COVID-19. Costs remained elevated to ensure the safety and security of customers and colleagues. Loblaw continued to deliver value in categories that mean the most to its customers and focused on accelerating its three strategic growth areas of Everyday Digital Retail, Payments and Rewards, and Connected Healthcare Network.
    [Show full text]
  • ANNUAL INFORMATION FORM (For the Year Ended December 31, 2020)
    ANNUAL INFORMATION FORM (for the year ended December 31, 2020) March 1, 2021 GEORGE WESTON LIMITED ANNUAL INFORMATION FORM TABLE OF CONTENTS I. FORWARD-LOOKING STATEMENTS 1 II. CORPORATE STRUCTURE 2 Incorporation 2 Intercorporate Relationships 2 III. GENERAL DEVELOPMENT OF THE BUSINESS 3 Overview 3 COVID-19 3 Loblaw 3 Retail Segment 3 Financial Services Segment 5 Choice Properties 5 Acquisition of Canadian Real Estate Investment Trust 5 Reorganization of Choice Properties 6 Acquisition, Disposition and Development Activity 6 Weston Foods 10 Acquisitions 10 Dispositions 10 Capital Investment 10 Restructuring Activities 10 Financial Performance 10 IV. DESCRIPTION OF THE BUSINESS 11 Loblaw 11 Retail Segment 11 Financial Services Segment 15 Labour and Employment Matters 15 Intellectual Property 15 Environmental, Social and Governance 15 Choice Properties 16 Retail Portfolio 16 Industrial Portfolio 16 Office Portfolio 16 Residential Portfolio 16 Acquisitions 17 Development 17 Competition 18 Employment 18 Environmental, Social and Governance 18 Weston Foods 18 Principal Products 18 Production Facilities 19 Distribution to Consumers 19 Competitive Conditions 19 Brands 19 Raw Materials 20 Intellectual Property 20 Seasonality 20 Labour and Employment Matters 20 Environmental, Social and Governance 20 Food Safety and Public Health 20 Research and Development and New Products 21 Foreign Operations 21 V. PRIVACY AND ETHICS 21 VI. OPERATING AND FINANCIAL RISKS AND RISK MANAGEMENT 22 Enterprise Risks and Risk Management 22 COVID-19 Risks and Risk Management 22 Operating Risks and Risk Management 23 Financial Risks and Risk Management 33 VII. CAPITAL STRUCTURE AND MARKET FOR SECURITIES 35 Share Capital 35 Trading Price and Volume 36 Medium-Term Notes and Debt Securities 37 Credit Ratings 37 Dominion Bond Rating Service 38 Standard & Poor’s 39 VIII.
    [Show full text]
  • Loblaw Companies Limited 2021 Proxy Circular
    MANAGEMENT PROXY CIRCULAR LOBLAW COMPANIES LIMITED ANNUAL MEETING OF SHAREHOLDERS MAY 6, 2021 THIS DOCUMENT CONTAINS: NOTICE OF ANNUAL MEETING OF SHAREHOLDERS MANAGEMENT PROXY CIRCULAR March 26, 2021 Dear Fellow Shareholder, On behalf of the Board and management of Loblaw Companies Limited (the “Corporation”), I am pleased to invite you to our Annual Meeting of Shareholders which will be held on Thursday, May 6, 2021, at 11:00 a.m. (Eastern Daylight Time). Due to the ongoing COVID-19 pandemic, and to mitigate risks to the health and safety of our shareholders, colleagues and other stakeholders, this year’s meeting will be held as a virtual meeting only, by way of a live webcast. Shareholders will be able to listen, participate and vote at the meeting in real time through a web-based platform. The Notice of Annual Meeting of Shareholders and related materials are enclosed. This Management Proxy Circular describes the business to be conducted at the meeting. It also contains information on our corporate governance practices and our approach to executive compensation. At the meeting, shareholders will be voting on important matters and we hope that you take the time to review these meeting materials and exercise your vote. You may vote either by attending the virtual meeting or by completing and sending in your proxy form. Please refer to the enclosed materials as they contain relevant information for voting on the business to be conducted at the meeting. We hope you will be able to join us at our meeting, which will occur by live webcast at https:// web.lumiagm.com/474726351.
    [Show full text]
  • 2020 Annual Report $2.8 Billion
    2020 Annual Report $2.8 billion REVENUE FROM ONLINE SOURCES, AS WE SCALED E-COMMERCE, PROVIDING CUSTOMERS MORE FLEXIBILITY AND CHOICE THAN EVER BEFORE 25,026 TEMPORARY WORKERS HIRED AT THE PEAK OF THE PANDEMIC TO SUPPORT OUR STORES, COLLEAGUES AND CUSTOMERS 7,250 TEMPORARY WORKERS OFFERED PERMANENT EMPLOYMENT ONCE THE FIRST WAVE SUBSIDED 4,000 NUMBER OF PRODUCTS AVAILABLE AT SHOPPERSDRUGMART.CA, INCLUDING BEST SELLERS IN ELECTRONICS, BABY AND CHILD, HOME GOODS, OVER-THE-COUNTER AND EVERYDAY ESSENTIALS $445 million 2020 INVESTMENTS IN COVID- RELATED ADJUSTMENTS AND SAFETY MEASURES 2 million + FLU SHOTS ADMINISTERED IN OUR PHARMACIES IN 2020 285,000 NUMBER OF HOURS OUR STORES OPENED EXCLUSIVELY FOR SENIORS AND HEALTHCARE WORKERS A passion for customers fully ignited As a nation, and as an organization, 2020 was among the most stressful and anxious years in our history. Throughout this uncertainty, you – our colleagues – were there. As the country learned to deal with change, you brought comfort. As your friends and neighbours sought to meet their most fundamental of needs – for good food and good health – you opened your stores and your hearts to them. You truly helped Canadians Live Life Well®, and you can hold your heads high knowing that you helped a nation move forward. From the bottom of our hearts: thank you. Table of Contents 2 Our Stores, Our Colleagues, Our Strategy 4 Financial Highlights 5 Chairman’s Message 8 Our Divisions 10 Strategic Enablers 12 Corporate Social Responsibility 14 Corporate Governance Practices 16 Board of Directors 16 Leadership 17 Financial Review 2020 ANNUAL REPORT 1 LOBLAW COMPANIES LIMITED Our Stores Our Colleagues Our Strategy From the ground up, we exist to help Canadians Live Life Well.® This commitment factors into how we operate our stores and pharmacies day-to-day, and how we deliver on our long-term organizational strategy – known internally as the Strategic Compass.
    [Show full text]
  • Q2 2020 Quarterly Report
    Q2 2020 Quarterly Report 24 Weeks Ended June 13, 2020 Footnote Legend (1) See Section 8, “Non-GAAP Financial Measures”, of the Company’s 2020 Second Quarter Management’s Discussion and Analysis. (2) GWL Corporate refers to the non-consolidated financial results and metrics of GWL. GWL Corporate is a subset of Other and Intersegment. (3) To be read in conjunction with Section 9, “Forward-Looking Statements”, of the Company’s 2020 Second Quarter Management’s Discussion and Analysis. (4) Comparative figures have been restated to conform with current year presentation. Management’s Discussion and Analysis 1 / Forward-Looking Statements 43 / Unaudited Interim Period Condensed Consolidated Financial Statements 45 / Financial Summary 76 / Corporate Profile 77 Management’s Discussion and Analysis At a Glance 3 Key Performance Indicators 4 1. Overall Financial Performance 6 1.1 Consolidated Results of Operations 6 1.2 Consolidated Other Business Matters 14 2. Results of Reportable Operating Segments 14 2.1 Loblaw Operating Results 14 2.2 Choice Properties Operating Results 18 2.3 Weston Foods Operating Results 19 3. Liquidity and Capital Resources 21 3.1 Cash Flows 21 3.2 Liquidity 22 3.3 Components of Total Debt 24 3.4 Financial Condition 27 3.5 Credit Ratings 27 3.6 Share Capital 28 3.7 Off-Balance Sheet Arrangements 29 4. Quarterly Results of Operations 30 5. Internal Control Over Financial Reporting 31 6. Enterprise Risks and Risk Management 31 7. COVID-19 Update 32 8. Non-GAAP Financial Measures 33 9. Forward-Looking Statements 43 10. Additional
    [Show full text]
  • 2019 Annual Report
    2019 Annual Report Report to Shareholders Fellow Shareholders, George Weston had a successful year in 2019, executing against its plan, delivering operational stability, and supporting each of its businesses in making steady progress against their strategic frameworks. Having completed ou rst full year of direct ownership in Choice Properties, we marked an important milestone in our transformation toward a more balanced portfolio with three strategic, complementary businesses in Retail, Real Estate and Consumer Goods. In Retail, Loblaw remains the market leader and is well-positioned to thrive amidst an evolving retail landscape. With more than 2,400 stores, and an offering of over 10,000 private label products including the top two consumer brands in the country, Loblaw is uniquely placed to serve its customers through the nation’s largest bricks and mortar store network and Canada’s most convenient online grocery service, PC Express. Additionally, a relentless focus on process and efficiencies has allowed Loblaw to continue to invest in its growth initiatives in E-Commerce, Healthcare, and Payments & Rewards, all while delivering earnings growth and generating more than $1.2 billion in free cash flow(1). In Real Estate, Choice Properties has refined its strategy following the successful merger with CREIT in 2018, and today represents Canada’s preeminent diversified REIT with 726 properties totaling 65.8 million square feet of retail, industrial, office, and residential assets, concentrated in Canada’s largest markets. With best in class occupancy rates of 97.7%, steady rent escalations and staggered lease maturities, Choice Properties benefits from a solid balance sheet that was further strengthened during 2019 following a $395 million equity issuance and $426 million of asset sales.
    [Show full text]
  • The Retail Landscape of Canada Retail Foods Canada
    THIS REPORT CONTAINS ASSESSMENTS OF COMMODITY AND TRADE ISSUES MADE BY USDA STAFF AND NOT NECESSARILY STATEMENTS OF OFFICIAL U.S. GOVERNMENT POLICY Required Report - public distribution Date: 2/21/2017 GAIN Report Number: CA17002 Canada Retail Foods The Retail Landscape of Canada Approved By: Jeff Zimmerman Prepared By: Maria A. Arbulu Report Highlights: In 2016, Canada’s 36.2 million consumers generated US$397 billion (C$529.5 billion) in retail sales, representing a 3.5 percent increase from 2015. Food and beverage sales in Canada account for 17 percent of the retail landscape with 2016 sales valued at US$86 billion (C$115 billion). This report provides an overview of the Canadian retail food sector for U.S. food producers that are exploring opportunities to export their products to Canada. In 2016, U.S. agricultural exports surpassed $20 billion to Canada, with $16 billion or nearly 80% comprised of high-value consumer food products (HVP). Canada accounts for over one-fourth of all U.S. HVP food exports, double the value of the second leading market, Mexico, or equal to the combined Asian markets of Japan, Hong Kong, South Korea, China, and Taiwan. The report does not include information on alcoholic beverages. Post: Ottawa Table of Contents Overview of U.S. Agricultural Products in Canada ........................................................................ 3 Section 1: Market Summary .......................................................................................................... 4 1A. The Food Sector in Canada’s Retail
    [Show full text]
  • Loblaw 2015 Annual Report
    optimize LOBLAW COMPANIES LIMITED 2015 ANNUAL REPORT at a glance JANUARY 2, 2016 A portfolio of strong, complementary and independent businesses RETAIL FINANCIAL CHOICE SERVICES PROPERTIES REIT shoppers market discount emerging joe fresh PC choice drug mart fi nancial properties REIT ® Our Purpose – Live Life Wel l Loblaw Companies Limited (“Loblaw” or the “Company”) is Canada’s food and pharmacy leader and the majority unitholder of Choice Properties Real Estate Investment Trust (“Choice Properties”). Loblaw – and its portfolio of grocery, health and beauty, fi nancial services and apparel businesses – provides Canadians with an unparalleled mix of value, assortment and convenience, and offers Canadians three of the top consumer brands in President ’s Choice®, Life Brand®, and no name®. Loblaw’s purpose – Live Life Well – supports the needs and well-being of Canadians who make one billion visits each year to the Company’s network of corporate and independently operated stores in communities across the country. Loblaw is positioned to meet and exceed those needs in many ways: convenient locations that span the value spectrum from Discount to specialty; full-service pharmacies; no-fee banking; affordable fashion and family apparel. TABLE OF CONTENTS 4 Financial Highlights 23 Corporate Governance Practices 6 Letter to Shareholders 25 Board of Directors 10 Review of Operations 25 Leadership 22 Corporate Social Responsibility 26 Shareholder and Corporate Information Loblaw continued to innovate and execute throughout 2015, introducing new products and services that delivered the best in food, and health and beauty to our customers. Equally important, we continued to build the foundation required to fully optimize our portfolio of strong, 1 complementary LIMITED 2015 ANNUAL REPORT COMPANIES LOBLAW and independent optimize businesses.
    [Show full text]
  • Loblaws.Ca/Lclonline/Aboutus.Jsp
    Great Food - About Us http://loblaws.ca/LCLOnline/aboutUs.jsp Loblaw Loblaws - Rideau St Sunday 12:00 AM - 12:00 AM Home About Us Who We Are Who We Are Loblaws Supermarkets: A Brief History 1919 - Theodore Pringle Loblaw and J. Milton Cork open the first Loblaw Groceterias in Toronto. They have a new concept in grocery retailing, combining self-serve and cash-and-carry. No longer will customers have to wait for a clerk to fetch items from behind a store counter. Loblaw and Cork are told it will never work. But sales grow as customers take advantage of better quality goods at lower prices. Charles B. Shields, another prominent Toronto grocer, soon joins the partnership. Within a decade, the Loblaw chain has grown to over 70 stores in Ontario alone. 1928 - Loblaws Groceterias expands throughout Ontario and into New York State, Pennsylvania, and Chicago, Illinois. With 69 stores, a new state-of-the-art Loblaw Head Office and Warehouse is unveiled at Fleet and Bathurst streets, along today's Lake Shore Blvd, Toronto. Hailed as a model of efficency, the Loblaw Warehouse includes its own electric tram railway, giant ovens for baking a ton of cakes and cookies a day, huge drums for blending tea, and 22 thousand feet of pipes for refrigeration. Warehouse employees have their own bowling lanes and an auditorium for putting on plays. 1933 - T. P. Loblaw, dubbed the "Merchant Prince" by the press, dies of complications from a minor sinus operation at age 60. When still a boy, with only a few dollars in his pocket, he arrived in Toronto determined to find work.
    [Show full text]