Clothing rental options are evolving from one-off, special occasion outfits to subscriptions for everyday apparel, and a Canadian company is expanding its closet to get in on the trend.
The big news coming out of Ulta's earnings are the beauty retailer's international expansion plans, kicking off in Canada. The company has been crushing it in the U.S., opening stores at a rate of 100 per year since 2012, a plan which has only just been scaled back.
"International expansion represents an attractive and incremental long-term growth platform, which extends our core capabilities and leverages our value proposition," Dillon said on a conference call with analysts, noting that the retailer studied multiple countries before settling on Canada. "We believe that the Ulta Beauty value proposition is very relevant and differentiated in multiple geographies around the globe and Canada is an attractive and logical place to start."
Initial launch plans include physical stores and e-commerce, though other details were sparse. Dillon said the company plans to start small, "but are prepared to scale quickly" based on their success.
About a decade ago, Heather Reisman, chief executive of Canada’s largest bookstore chain, was having tea with novelist Margaret Atwood when Atwood inadvertently gave her an idea for a new product.
While Canada and China are in the midst of tense diplomacy over the apprehension of a Huawei executive, Canadian brands like Tim Hortons and Canada Goose have captured the imagination of Chinese consumers, Saša Petricic writes.
At this year's Canadian Arts and Fashion Awards in Toronto last night, wins from Tasha Tilberg, Krow Kian and Aurora James showcase how the design landscape is changing.
The Competition Bureau says it will not oppose the $1.6 billion sale of Kraft Heinz Canada's natural cheese division to Parmalat. The federal agency says it conducted a review with key market participants, including grocery retailers, food service companies, regulators, industry associations and cheese processors.
And for the first time since 2009 amendments to the Competition Act, the bureau obtained a Federal Court order requiring executives of the merging entities to be interviewed under oath by bureau investigators, according to news stories in Financial Post and BNN Bloomberg. The deal would see Parmalat Canada take over cheese brands Cracker Barrel, P’tit Quebec and Amooza. (Grocery Business Magazine)
Cori Bonina is stepping down as CEO of Stong’s Market–the Vancouver-based grocer her great grandfather founded more than 85 years ago.