Top Stories Continued
BikeExchange, which claims to be the world's largest online marketplace for bike products, will launch this month in Canada, its tenth global market. BikeExchange, which opened U.S. operations in 2015, offers retailers custom e-commerce shops and an advertising channel. The company said there has already been interest in Canada, with retailers signing up to the BikeExchange Canada platform before the official launch. Founded in Australia 11 years ago, the BikeExchange Group receives over 30 million visits to its global sites annually. It operates in Australia, New Zealand, USA, Germany, Netherlands, Belgium, UK, Ireland, Colombia and now Canada.
Loblaw Companies Limited (TSX: L) has announced that by 2025 it will spend $150 million more each year with Canadian farmers buying local, fresh produce that otherwise would have been imported from around the world.
RYU Apparel Inc. (TSX VENTURE: RYU.V ) creators of urban athletic apparel, is pleased to provide an update on two retail partnerships that were launched earlier this year. Select Nordstrom locations in the US and Canada as well as through Nordstrom.com have been carrying a selection of RYU menswear and bags for over six months. While RYU products moved from "pop-up" store status to being fully represented as part of Equinox's regular retail offering for Canada over a similar time frame. RYU is delighted to report that its results with sales to both Nordstrom and Equinox have been very successful and both retailers have already placed repeat and continued orders for RYU branded apparel. "We are excited that our programs to Nordstrom and Equinox have been very well received by customers" said Marcello Leone, CEO of RYU. "It is always encouraging to have validation by seeing increased demand from various sources outside of our direct marketing influences that point towards the creation of a world class brand."
Le Château Inc. (TSX VENTURE:CTU), reported that sales for the first quarter ended April 28, 2018 amounted to $41.1 million as compared with $44.4 million for the first quarter ended April 29, 2017, a decrease of 7.4%, with 29 fewer stores in operation. Comparable store sales decreased 0.3% for the first quarter as compared to last year, with comparable regular store sales decreasing 0.7% and comparable outlet store sales increasing 1.9% (see non-GAAP measures below). Included in comparable store sales are online sales which increased 32.7% for the first quarter...