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Retail & Manufacturing

Vancouver's Kits Eyecare grows sales by a third to record $46.6M

Vancouver's Kits Eyecare grows sales by a third to record $46.6M

Growth drivers were sales for glasses with progressive lenses, and contact lenses, which both have hefty profit margins
Aritzia diversifying away from China as tariff tensions continue: CEO

Aritzia diversifying away from China as tariff tensions continue: CEO

Aritzia Inc. says it is shifting some of its supply chain away from China, which has been hammered with triple-digit tariffs from the United States.
Canadian Tire bidding on Hudson's Bay assets, sources say

Canadian Tire bidding on Hudson's Bay assets, sources say

TORONTO — Beleaguered retailer Hudson's Bay has attracted a bid from Canadian Tire, two sources familiar with the sales process say.
Statistics Canada says retail sales fell 0.4 per cent to $69.3B in February

Statistics Canada says retail sales fell 0.4 per cent to $69.3B in February

OTTAWA — Retail sales dropped 0.4 per cent to $69.3 billion in February as sales fell at new car dealers, Statistics Canada said Friday. However, the agency said its early estimate for March suggested an increase of 0.
Tariffs throw wrench into B.C. electric motorcycle maker's U.S. ambitions

Tariffs throw wrench into B.C. electric motorcycle maker's U.S. ambitions

Trade tensions are pushing Damon Inc. to rethink manufacturing plans and pricing strategy as uncertainty clouds future in key market
Hudson's Bay to liquidate remaining stores as hope of finding a buyer fades

Hudson's Bay to liquidate remaining stores as hope of finding a buyer fades

TORONTO — Hudson's Bay will start selling off all merchandise on Friday at the six stores previously spared from liquidation, effectively ending the retail empire's reign and significantly dimming the possibility that the business dating back to 1670
Hudson's Bay sees interest in 65 of its leases: court documents

Hudson's Bay sees interest in 65 of its leases: court documents

TORONTO — A process to find takers for leases held by Hudson's Bay has generated plenty of interest.
Retail sales rise 1.4% in March as shoppers stock up on big ticket items ahead of tariffs

Retail sales rise 1.4% in March as shoppers stock up on big ticket items ahead of tariffs

NEW YORK (AP) — U.S. shoppers stepped up their shopping last month, fueled by a spending spree on big ticket items, particularly cars, before President Donald Trump’s expansive new tariffs started kicking in.
Competition Bureau opens review of deal involving MEC and TGI Holding

Competition Bureau opens review of deal involving MEC and TGI Holding

OTTAWA — Canada's competition regulator has opened a review of a deal involving retailer Mountain Equipment Co. Ltd. and TGI Holding Inc. It was not immediately clear who owns TGI Holding or what a deal would mean for MEC.
Statistics Canada says manufacturing sales rose 0.2 per cent to $72.9B in February

Statistics Canada says manufacturing sales rose 0.2 per cent to $72.9B in February

OTTAWA — Statistics Canada says total manufacturing sales rose to their highest level since September 2023 as they climbed 0.2 per cent to $72.9 billion in February.