Top Stories: National

Hudson’s Bay Co to pay $4.5 million to close deceptive pricing probe: Competition Bureau

Canada’s competition watchdog says the Hudson’s Bay Co. will pay $4.5 million to resolve a deceptive pricing probe.

The Competition Bureau says HBC agreed to pay a $4 million penalty and $500,000 towards costs in the proceedings over whether the retailer misled customers over sleep set prices since at least March 2013.

The bureau took legal action against the retailer in 2017, alleging it used deceptive regular price claims and clearance promotions for sets of mattresses and foundations.

business.financialpost.com

Costco’s Canadian sales down in April | Grocery Business News

Costco Wholesale Corp. reported net sales of $11.6 billion for the retail month of April. That figure is a 7.3 per cent increase over the $10.81 billion reported for April of last year. Net sales were $99.89 billion, up 8.3 per cent on the $92.24 billion reported in April 2018.

Canadian sales were down 1.9 per cent month-over-month, and increased only slightly – 1.1 per cent – for the 35 week period ending May 5. Excluding the impact from gasoline price changes, foreign exchange and an accounting change related to revenue recognition, Canadian sales rose 2.3 per cent in the month, and 5.4 per cent for the 35 week period. (Grocery Business Magazine)

grocerybusiness.ca

M&M Food Market partners with online delivery service | Troy Media

M&M Food Market is partnering with Instacart, a North American leader in online groceries, to offer same-day delivery from nearly 20 stores in a pilot across Calgary and London, Ont.

“We’re proud to partner with M&M Food Market to bring a new way to have easy-to-prepare and ready-made meals delivered to customers’ doors in as fast as an hour,” said Sarah Mastrorocco, vice-president of business development for Instacart, in a news release.

calgarysbusiness.ca

Lululemon feud with Chip Wilson lives on as company strips billionaire founder of right to board seat

Chip Wilson’s feud with Lululemon Athletica Inc. is alive and kicking. The billionaire’s right to designate a board nominee was terminated after he “failed to observe the requirements of the support agreement relating to certain contesting stockholder actions,” the company, best known for its yoga pants and workout gear, said in a recent filing that didn’t specify what prompted the change.

Wilson still owns 9.4 per cent of the company, which comprises more than half of his US$3.9-billion fortune

o.canada.com

Canadian jewelry brand Mejuri shakes up the status quo

When the Toronto-based brand Mejuri set up a temporary pop-up shop in Vancouver in March, the wait to get into the store was long. As in, hours long.

vancouversun.com

Disruptive diamond retailer names CEO |Chain Store Age

Spence Diamonds has tapped its chief marketer to lead the company as it looks to grow its store network.

chainstoreage.com

Retail experiencing disruption, not death | RENX - Real Estate News Exchange

It’s easy to see the bad-news stories about bricks-and-mortar stores shuttering from the overwhelming move of consumers to e-commerce.
But I don’t think this form of retail will ever die completely.

renx.ca