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Tag Archives: sales

Food sales lift the bottom lines of Loblaw Companies Ltd and Metro Inc


Metro Inc. and rival Loblaw Cos. Ltd. beat industry analysts’ projections for quarterly earnings Wednesday as the large grocery retailers benefited from stronger food sales, though the latter warned drug regulatory changes will weigh on its pharmacy business for the remainder of the year. Both retailers saw their shares rise …

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Black Friday, Cyber Monday sales expected to boom in Canada this year


TORONTO — Despite recent challenges faced by Canada’s retail sector, analysts have a rosy outlook for the looming holiday shopping season — particularly on Black Friday and Cyber Monday. Cross-border shopping, reversed: This Black Friday, Canadian malls set to be packed with Americans It’s likely that this year there will …

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Fiat Chrysler Automobiles takes first sales crown in another record-setting year for Canadian auto sales


TORONTO • Fiat Chrysler Automobiles took the Canadian auto-sales crown for the first time in 2015, capitalizing on skyrocketing consumer demand for SUVs and pickup trucks in another record-setting year for the industry. The company, which sells Ram pickups, Jeep SUVs and Dodge cars, sold 15.4 per cent of the …

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Chipotle Mexican Grill Inc sales plunge as foodborne illness outbreak brings federal subpoena


Chipotle Mexican Grill Inc., struggling to rebound from multiple outbreaks of foodborne illness, reported a bigger plunge in fourth-quarter sales than the restaurant chain expected and said it got served with a subpoena in a federal criminal investigation. How Chipotle is changing its cooking methods after a devastating E. coli outbreak …

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Bombardier Inc to start direct sales to customers in Middle East, incur $278M charge in Q4


Canadian planemaker Bombardier Inc said it would start selling directly to customers in the Middle East and North Africa and that it would end a contract with its exclusive sales representative in the region. Bombardier will incur charges of $278 million in the fourth quarter due the move and on …

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NewLeaf Travel suspends ticket sales, issues refunds while licensing rules reviewed


In a sudden about face, New Leaf Travel Co., which began sales of ultra-low-cost airfares on Jan. 6, is temporarily halting sales while it waits for the country’s airline regulator to complete its review of licensing procedures. In a statement late Monday afternoon, the Winnipeg-based upstart carrier with destinations to …

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Best Buy Canada sales slump after Future Shop consolidation, soft holiday sales


TORONTO  — Best Buy Canada will see a dramatic reduction in fourth-quarter revenue after a tepid holiday sales season and the fallout from shuttering the Future Shop chain last year, its parent company said Thursday. In a holiday report that released nine weeks’ worth of results ended Jan. 2, Minneapolis-based …

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Canadian auto sales will be flat in 2016 as industrial strength offsets commodity weakness


Canadian vehicle sales will be flat in 2016 as weakness in commodity-producing provinces is offset by strength in the industrial heartland, according to a new report from Scotiabank. Unless economic growth falls below last year’s one-per-cent pace, the bank expects passenger vehicle sales to remain on par with 2015 volumes, …

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Canadian auto sales jump almost 10% in January


Canadian auto sales soared 9.6 per cent in January, with 11 different brands reporting double-digit growth. Continuing the trend of the past several months, pickup trucks and SUVs drove the sales increase, with light truck sales up 17 per cent and passenger car sales down 3.8 per cent, according to …

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The ‘Beyoncé Bounce’: Red Lobster sales spike 33% after restaurant named in new ‘Formation’ song


Red Lobster says it’s feeling the “Beyoncé Bounce.” Red Lobster Chief Executive Officer Kim Lopdrup said sales jumped 33 per cent on Sunday and increased “well into the double digits” on Monday after pop star Beyoncé mentioned the seafood chain in her new song, “Formation.” The song, which was released over …

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