Perspectives on the New Normal of Canadian Grocery.
Kenric Tyghe, 647-776-8249
We are initiating coverage on Canada’s leading grocers: Empire Company Ltd., Loblaw Companies Ltd., and Metro Inc. The pandemic has driven a step change in consumer behaviour and channel preference for food from home and a marked lockdown driven shift away from food service (i.e. restaurants). With the pandemic, almost overnight, pushing online grocery to the top of both consumer and management teams shopping lists, the gradual, albeit accelerating ramp of online grocery in Canada essentially became a mad scramble late in the first quarter of 2020. This new normal shone an even brighter light than expected on the materially different omni-channel strategies, data analytics competencies and execution to date against these imperatives for Canada’s largest grocers.
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