Mexico City | Reuters — Cornershop, a Latin American grocery delivery app being acquired by Walmart, plans to expand into Canada early next year as a test market for the […] Read more
Tag Archives grocery
Walmart’s LatAm delivery app Cornershop eyes Canada
Sobeys parent to buy fresh-food grocer Farm Boy
The owner of the Sobeys and Canada Safeway chains has a deal in place to buy southern Ontario grocery retailer Farm Boy, a well known patron of the region’s producers. […] Read more
Metro to buy Jean Coutu to stave off looming risks
Toronto | Reuters — Metro Inc., Canada’s third-biggest food retailer, on Monday agreed to buy pharmacy chain Jean Coutu Group for $4.5 billion in cash and stock, paying what analysts […] Read more
Metro in ‘advanced’ talks to buy Jean Coutu chain
One of Eastern Canada’s major players in the grocery sector is in “advanced discussions” to take up one of the region’s major drugstore chains. Montreal-based Metro Inc. announced Tuesday it’s […] Read more
Whole Foods slashes prices on some produce
Los Angeles/Chicago | Reuters — On its first day as part of Amazon.com, organic grocery chain Whole Foods Market slashed prices on popular items like avocados and apples on Monday […] Read more
Amazon to cut Whole Foods prices amid intense grocery turf war
Reuters — Amazon.com said Thursday it will cut prices on a range of popular goods as it completes its acquisition of Whole Foods Market, sending shares of rival grocers tumbling […] Read more
Sobeys, Safeway parent seeks cost-cutting ‘leverage’
Empire Co., the parent firm for about 1,500 grocery stores across Canada, plans to restructure from a regional to a “largely national” operation cutting $500 million in annual costs by […] Read more
Pattison takes up B.C. grocery chain Quality Foods
The owner of Save-On Foods and other Canadian grocery chains will expand its overall market share on Vancouver Island with majority control of the Quality Foods chain. The Vancouver-based Jim […] Read more
Loblaw reports better-than-expected profit
Reuters — Canadian grocery and pharmacy retailer Loblaw Cos. Ltd. reported a better-than-expected quarterly profit on Wednesday, as expenses fell and discounting attracted more shoppers. Profit at Loblaw’s main retail […] Read more
In surprise move, Target to pull out of Canada
Toronto | Reuters — Target Corp. will abandon its ill-fated expansion into Canada less than two years after launch, the U.S. discount retailer said on Thursday, in a surprise retreat […] Read more