Top Stories: National

Survey Says Most Canadians Worry About Soaring Food Prices

The rising cost of food prices has triggered concern among nine in 10 Canadians, according to a national survey.

"I think it's a trend we have been seeing in other research we have done that generally the cost of living is something that's increasingly concerning more and more Canadians across the country," said David Colleto, CEO of Abacus Data, which was commissioned by Food and Consumer Products of Canada to conduct the survey.

Statistics Canada says the price of fresh vegetables in May swelled 16.7 per cent, while food prices jumped 3.5 per cent from the same period last year.


discoverwestman.com

Dollarama to buy 50.1% stake in Latin American value retailer Dollarcity

Dollarama Inc said on Tuesday it would acquire a 50.1 per cent stake in Latin American value retailer Dollarcity, as the Canadian discount store operator looks to expand in the region.

The deal, valued in the range of US$85 million to US$95 million, includes an upfront payment of $40 million at closing, which is expected in August.

The deal is expected to add to Dollarama’s earnings per share in the range of 2¢ to 3¢ for the rest of fiscal year ending Feb. 2, and 5 US cents to 7 US cents in fiscal 2021.

business.financialpost.com

6 Ways Malls & Stores Are Adapting To Current Retail Trends

Step into a mall in 2019, and you may not think much has changed over the last five years. Malls are still relatively busy, with kids still hanging out in the food court, and people spending weekends and evenings milling about. But, with the rise of online shopping, and the fact that everything is at the click of your finger, in-person retail has taken a dive.

styledemocracy.com

There’s now another way a Trump threat could deal a major blow to Canadian businesses

U.S. threatening to leave global postal union, which would have ‘massive’ repercussions for vendors and consumers on both sides of the border

business.financialpost.com

Former Mercedes-Benz Canada CEO named head of Canadian dealers association

Tim Reuss led Mercedes in Canada from 2011-15. In the 24 years preceding that, he worked in a variety of roles with Daimler, including CEO of DaimlerChrysler Vans and head of the Mercedes-Benz corporate retail division in Rome.

canada.autonews.com

Sleep Country kicks off Fourth Annual Pyjamas & Storybooks for Better Bedtimes Campaign

Today, Sleep Country Canada Holdings Inc. ("Sleep Country" or the "Company" (ZZZ.TO)) announced the return of its Pyjamas & Storybooks for Better Bedtimes collect campaign, taking place in Sleep Country and Dormez-vous stores across Canada during the month of July.

finance.yahoo.com

Innovation Monitor: Amazon launches drop collections

The ecommerce giant has introduced influencer-inspired clothing lines as it looks to redefine itself as a fashion leader.

strategyonline.ca