Insights and Stories on Grocery

Aug. 24, 2017 at 5:01 pm CDT

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 over fears of even more brutal market share battles. Amazon’s $13.7 billion purchase of Whole Foods, which won antitrust approval […]

By David Shepardson, Lisa Baertlein

May. 6, 2017 at 3:44 am CDT

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 the end of 2020. Nova Scotia-based Empire — whose stores operate under brands including Sobeys, Safeway, IGA, Foodland, FreshCo, Thrifty […]

By Staff

Apr. 3, 2017 at 8:30 pm CDT

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 Pattison Group was announced last week as the new controlling shareholder in Quality Foods, buying up the interests of founding […]

By Staff

Nov. 16, 2016 at 1:40 pm CST

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 unit was helped by lower selling, general and administrative costs, and an increase in same-store sales in the quarter ending […]

By Reuters

Jan. 15, 2015 at 1:59 pm CST

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 that will put more than 17,000 employees out of work and cost it billions. Shares of Target, which was granted […]

By Solarina Ho