Celebrate more this Christmas, worry less about business

This year, stop rushing through the holidays long enough to let your thoughts be diverted from the burdens of work to the joyfulness of the season

Celebrate more this Christmas, worry less about businessWhat do we miss by rushing through the celebrations and skipping the festivities of the Christmas season? At the end of the year, many people celebrate holidays like Christmas or Hanukah, New Year’s Eve or Festivals of Lights. Even if you aren’t religious, you probably celebrate Christmas with gifts or family gatherings and large meals.…

The dollar store invasion gains momentum

Dollar stores in Canada sold well over $2 billion worth of food last year. And given how aggressive dollar stores are, that could double quickly

The dollar store invasion gains momentumA visit to any dollar store is something to remember: the bright lights, aisles filled with things you may or may not need, and the distinctive smell. If we had to create a smell that mixes plastic with China, the smell in a dollar store would be it. It’s not overly appetizing but a greater…

Canadians thinking green for holiday shopping

And fewer consumers plan to shop on Black Friday and Boxing Day this year, according to Accenture survey

Canadians thinking green for holiday shoppingEnvironmentally friendly products will account for about one-third of Canadians’ spending this holiday season, according to the eighth annual Holiday Shopping Survey from Accenture. But they will be spending a little less money this year on average. “With increased awareness about the climate crisis, it’s no surprise that responsible retail matters now more than ever,…

Canadians increasingly embrace Black Friday

Study clearly shows consumers continue to enjoy shopping in physical stores: Retail Council of Canada

Canadians increasingly embrace Black FridayIt may be tied to an American holiday but increasingly Canadian consumers are doing their shopping on Black Friday. According to the Retail Council of Canada's (RCC) second annual Holiday Shopping Survey, which was released on Tuesday, 43 per cent of Canadian consumers plan to open their wallets on Black Friday, Nov. 29, the day…

Vehicle sales appear to have finally reached bottom

But year-to-date sales are still down 3.8 per cent through the first nine months of this year

Vehicle sales appear to have finally reached bottomAfter a definitive downward trend through the first half of 2019, vehicle sales appear to have reached a bottom in Canada, turning modestly higher in the third quarter, according to a report released on Wednesday by TD Economics.  But the bank, in its Canadian Auto Outlook update, said year-to-date sales are still down 3.8 per…

Canadian consumers aren’t in a spending mood

Canadian consumers aren’t in a spending moodCanadian consumer spending growth has been muted of late despite strong fundamentals in the form of healthy labour markets and low borrowing costs, says a new report by TD Economics. The report by senior economist Brian DePratto, Whither Spending? The Drivers of Lacklustre Canadian Spending, says three key domestic factors are to blame: policy-induced softness…

Fashion retailer Forever 21 closing its Canadian stores

The chain has 44 stores in Alberta, British Columbia, Manitoba, Ontario, Quebec and Nova Scotia and employs approximately 2,000 people

Fashion retailer Forever 21 closing its Canadian storesFashion retailer Forever 21 says it plans to close its 44 stores in Canada. The company announced in a news release that Forever 21 Canada filed for and was granted protection under the Companies’ Creditors Arrangement Act by the Ontario Superior Court of Justice (Commercial List) in Toronto. PricewaterhouseCoopers Inc. was appointed as monitor in…

Plenty of great hair days at Chatters

President Greg Moreau talks about how the largest distributor and retailer of professional hair care goods in Canada plans to keep building the brand

Plenty of great hair days at ChattersGreg Moreau is president and CEO of Chatters. Tell me a bit about Chatters. What do you specialize in? Moreau: Chatters is the largest distributor and retailer of professional hair care goods in Canada, and the third largest in North America with a 60/40 business of retail to service. From products to service, our specialty…

How sports card collectors can protect their investments

Jason Masherah of Upper Deck talks about avoiding scams, particularly in the online marketplace

How sports card collectors can protect their investmentsJason Masherah is president of the trading card company Upper Deck. Can you explain the number of scams related to your industry that have been going on lately and why this is happening? Masherah: Trading cards and memorabilia have been a longtime target for these types of scams. Quite frankly, it was the reason Upper…
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