Top Stories: National

Lululemon shares spike after hours on earnings beat, global growth

Vancouver-based athleisure giant Lululemon Athletica Inc.’s (Nasdaq:LULU) shares were up more than 6% after hours on May 31, following news that the company’s earnings blew past analysts’ estimates.

“Lululemon might be, if it isn’t already, becoming the top brand of its kind in the whole world and that’s an incredible success story with them being from Vancouver – that’s great,” Retail Insider Media CEO and retail analyst Craig Patterson told Business in Vancouver.

“They’re going after Australia’s Lorna Jane, which is doing its expansion. There are a few of them out there.”

biv.com

Judge rules bread price-fixing case’s ‘Person X’ to remain anonymous

Keeping the name private would still allow the public to have ‘a full, robust understanding’ of the information in the Competition Bureau affidavit

business.financialpost.com

‘The opportunity is massive’: Canada Goose to open two retail stores in China

Canada Goose’s move comes after a decade of European and North American retailers testing their mettle in China

business.financialpost.com

Imperial Tobacco gets into vaping business

Imperial Tobacco officially unveiled a vaping product to the Canadian market Thursday, saying the company is moving to help transition smokers away from combustible cigarettes to potentially less harm

ctvnews.ca

Tesla starts large scale Model 3 deliveries in Canada

Tesla started deliveries in Canada a few weeks ago, but it’s nothing compared to what is happening now.

Earlier this week, we reported on Tesla sending out a massive Model 3 shipment to Canada.

Now the company started delivering those vehicles in Toronto where Tesla took over some parking lots and buildings at the International Centre, a multi-purpose convention centre near the airport, in order to better handle the volume of deliveries.

electrek.co