Electrify Canada to capitalize on Canadian Tire name recognition, while the retail giant looks to evolve its business as an automotive company
Canada's privacy commissioner says Loblaw Companies Ltd. initially collected too much personal information from some customers requesting a gift card tied to an alleged bread price-fixing scandal.
SnapPay, Inc., provider of international payment solutions, today announced the availability of facial recognition payment technology for North American merchants, allowing consumers a new level of convenience for payments at retail outlets. The technology is based on available facial recognition platforms available in Asia, but will serve a local North American introduction of the technology to mainstream retail. SnapPay will be demonstrating the technology today at the Retail Council of Canada’s Retail West Show, at the Hyatt Regency Vancouver, and at next week’s Grocery Innovations Canada (GIC) show in Toronto.
With the closure of Forever 21 stores and other fast fashion icons across Canada, we sat down with expert Craig Patterson — director for the University of Alberta School of Retailing — to discuss why it’s happening here in Canada, and what effect it has on the industry.
Riocan has less Risk in the Portfolio Today: In a lot of secondary markets, a few older malls have large vacant spaces that were once anchored by Sears Canada and Target. It has been a struggle to backfill these spaces. This may partially explain why Riocan has chosen to sell off its properties in secondary markets and focus on the six core urban markets. By moving away from retail centers in secondary markets, Riocan has benefited from a lower vacancy across its portfolio. Also, selling off its non-core asset has freed up capital, allowing it to operate with less debt on its balance sheets.
More than 60 per cent of seafood products tested at Montreal grocery stores and restaurants were mislabelled, according to an update of a study that tracks rates of fish food fraud in Canada.
Cannabis company Hexo Corp. is moving to undercut prices in the illicit market with a new 28-gram product that costs consumers as much as one dollar less per gram than at the average illegal dispensary. The product, under the brand Original Stash, which will be on sale in Quebec cannabis stores starting Thursday for $125.70, or $4.49 per gram, including taxes, the company said.
That's cheaper than the average cost of a gram of cannabis at $7.37 per gram during the third quarter, with the price of legal and illegal weed at $10.23 and $5.59 per gram, respectively, according to the latest Statistics Canada analysis of crowdsourced data. Hexo is targeting the roughly half of Canadians who — one year after the legalization of recreational pot — are still buying weed from the illicit market, its chief executive Sebastien St-Louis said.