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…

Canadian retail sales get lift from Raptors’ NBA championship run

Canadian retail sales get lift from Raptors’ NBA championship runRetail sales across Canada were flat and unchanged at $51.3 billion in June from May but were up 1.1 per cent year over year, according to Statistics Canada. But the Toronto Raptors’ presence in the National Basketball Association finals increased sales at sports and sports clothing stores across the country. Stronger sales across most subsectors…

Walmart, Instacart offer on-demand grocery delivery across Canada

Expansion builds on a successful 17-store pilot in Toronto and Winnipeg. Delivery can be made in as soon as one hour

Walmart, Instacart offer on-demand grocery delivery across CanadaWalmart Canada and Instacart announced on Thursday the national expansion of their relationship, which will bring on-demand grocery delivery services from nearly 200 Walmart stores across Canadian in as fast as an hour. In a news release, the companies said the expansion builds on a successful 17-store pilot in the greater Toronto area and Winnipeg.…

Offering an alternative voice for best practices in retail

Bruce Winder of Retail Advisors Network talks about the dramatic evolution taking place in retail and where the marketplace will go next

Offering an alternative voice for best practices in retailBruce Winder is co-founder and partner of Retail Advisors Network. Tell me a little bit about your background and what you do now? Winder: I spent about 20 plus years in big retail at places like Canadian Tire, HBC, Sears and Air Miles before deciding I wanted to explore life outside a head office and…

Jana Sobey’s devotion to family, food and community

The Sobeys Inc. vice-president talks about the dynamic trends in her industry, from e-commerce to buying local

Jana Sobey’s devotion to family, food and communityJana Sobey is vice-president of merchandising, community format, Thrifty Foods and Field for Sobeys Inc. She recently received a 2019 Star Women in Grocery Award. How did you feel about winning the award and what did it mean to you? Sobey: It felt really good. I was actually quite surprised, to be quite honest. So being…

Sobeys to eliminate plastic grocery bags

Sobeys to eliminate plastic grocery bagsSobeys Inc. announced on Wednesday that it will remove plastic grocery bags from all Sobeys grocery stores by the end of January 2020. The change will take 225 million plastic grocery bags out of circulation at Sobeys' 255 locations across Canada each year, it said. “So many of our customers and our employees have told…
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