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RYU (Respect Your Universe) Apparel Inc., the maker of urban athletic apparel, reported revenue in the first quarter of 2018 was Canadian $907,915 , 94 percent higher than revenue of CDA$467,003 during the same period in 2017. Gross profit improved to CDA$419,890, or 46 percent of sales, from CDA$219,256, or 47 percent, in the same period a year ago. “We started the year with exciting developments on all fronts of the business and we are pleased that first quarter results are consistent with our 2018 retail revenue target of 100 percent YoY growth,” said Marcello Leone , CEO. “This is our ninth consecutive quarter of growth and we are especially proud, given that the first quarter in our industry is the slowest. Our brand continues to resonate as RYU was recently a finalist in the World Retail Awards. Our team is working hard to execute our business plan with the recent influx of capital, which in part will be used to open our three new US retail locations, which are under construction, launch our new ryu.com website, and kick-off our global advertising campaign in the second half of the year.”
Marking a major milestone for Cadillac Fairview's (CF) ongoing journey towards smart building technologies, the company has deployed its transformational Energy Smart Operations (ESO) program in 27 CF buildings across Canada with more to follow this year and beyond.
Canadian Tire Corp.’s recent $771 million acquisition of Helly Hansen resonated across the outdoor world for its sheer novelty—a retailer has never bought such an established, iconic brand at such an eye-popping price. But does it signal a trend of similar deals happening across the industry? Possibly, according to Nate Pund of Houlihan Lokey, who said this type of move could help retailers adapt to the changing consumer landscape. At the very least it is indicative of more M&A to come in this space as retailers and brands look to better position themselves. “Retail can’t survive as a third-party seller anymore and needs to own their own brands,” he said. “And it’s cheaper and faster to acquire than to create from scratch.”
Your old jeans may end up selling at a local thrift shop, but they're more likely to be cut into rags, or shipped overseas to a market in Kenya or a reprocessing plant in India.