The move would expand their real estate portfolio beyond retail and help insulate their Loblaw supermarket business from rapidly changing consumer shopping habits
Retail isn’t dead. In fact, it’s key to Canada’s RioCan Real Estate Investment Trust as the REIT tries to grow its way out of the sector’s decline. Canada’s biggest retail landlord expects growth of 2 to 3 percent in net operating income from long-held properties this year, Chief Operating Officer Raghunath Davloor said on an earnings call Wednesday morning. Growth was 2.1 percent last year. While some tenants “have failed to adapt or disappeared, many others are thriving and eager to expand in the major markets,” Davloor said. RioCan, which owns 192 properties in Canada, will benefit from more-valuable tenants, CEO Edward Sonshine said on the call.
Edward Lampert, who owned 45 per cent of Sears Canada at the time, says the company was flush with cash when the 2012 and 2013 special dividends were issued
Canadian Tire Corp. says it has acquired Sher-Wood Athletics Group Inc.'s global hockey trademarks.
Sales are up for both restaurants and retail stores as customers look to experience the culture of the Games’ host country
Every year, Tim Hortons' Roll up the Rim contest results in some happy winners, and a whole bunch of disappointed customers holding "please play again" cups. This year is no different, but with the coffee-and-doughnut chain embroiled in controversy over its response to minimum wage hikes, some customers are taking the chance to criticize Timmies over its treatment of employees.