CANADA: Loblaw to close internet grocery business
Canadian grocer Loblaw will permanently close its five-year-old internet grocery business on Friday, 23 September.
The company cited price-conscious consumers and rising fuel costs as the reasons for abandoning Egrocer, announcing, "while the business has grown over the past five years we have learned that the majority of our customers are not willing to spend more to have their groceries delivered to their front door."
Launched in Toronto in 2000, Egrocer was one of many North American online grocery services that, while instrumental in improving transport and fulfilment, failed to realise true market success. The company will send $25 gift cards to its 3,500 registered customers.
Crude oil prices may be off the record highs seen recently, but levels over US$60 a barrel are up enough to have a big impact. In the last couple of months company after company, in every sector of th...
Loblaw Companies, Canada's largest food distributor, saw its share prices fall by a dramatic CDN$2.62 (4.6%) after it issued an update on its operating and financial performance yesterday (19 January)...
Food company George Weston has announced rises in sales and net earnings for the third quarter of 2005, despite distribution problems at its Loblaw subsidiary....
Canadian grocery retailer Loblaw has reported lower third-quarter profits, hit by restructuring costs and supply chain disruptions....
Canadian food processor and distributor George Weston has announced rises in sales and net earnings for the second quarter ended 18 June 2005, although sales growth at Weston Foods was cut by the impa...
Supermarket company Loblaw has reported rises in sales for the second half and first quarter ended 18 June 2005, but net earnings for the half were down....
Canadian food processor and distributor George Weston has announced a rise in sales to C$7.0bn (US$5.7bn) in the first quarter of 2005, compared with $6.6bn in the first quarter of 2004....
Food distributor Loblaw has announced higher sales for the first quarter ended March 26, 2005, but income fell, hit by restructuring costs....
- General Mills sales woes continue - analysis
- Comment: Meal kits in US - don't believe the hype
- Why personalisation will take-off in US food
- Analysis: Chocolate sector's deforestation pledge
- US food next wave on display at Winter Fancy Food
- Kraft Heinz cuts jobs in US, Canada
- Unilever invests in Dutch meat substitute project
- Lactalis fails to hit threshold to delist Parmalat
- Fonterra cuts earnings forecast
- Brazil seeks to cool concerns over meat probe