Top Stories: National

Instagram bringing tap-to-buy shopping feature to Canada

Instagram will allow businesses to tag products in their posts, which users can tap to purchase or learn more about

business.financialpost.com

Public trust in Loblaws drops 10 per cent in three months, study says | Toronto Star

Canadian consumers have lost some confidence in Loblaw Cos. Ltd. since the announcement in December that it participated in a scheme to fix the price of bread for 14 years, according to the results of a new survey from Dalhousie University.

Conducted in November 2017 and this March, the research found that trust in Loblaw dropped an even 10 per cent over the period. Sobeys, the only other grocery retailer included in both surveys, actually gained public trust, registering a 1.4 per cent increase.

thestar.com

Couche-Tard misses profit estimates on shaky U.S. market

Couche-Tard shares on track for biggest one-day drop since 2010 after profit falls short of forecasts in latest quarter

theglobeandmail.com

LXRandCo Reports Continuing Strong Revenue Growth for the Fourth Quarter and Full Yr 2017

LXRandCo, Inc. ("LXRandCo" or the "Company") (TSX: LXR, LXR.WT), an international omni-channel retailer of branded vintage luxury handbags and accessories, today reported its financial results for the fourth quarter and 12-month period ended December 31, 2017.

"The fourth quarter was by far our busiest yet in terms of expanding our physical retail network as we opened 47 "shop-in-shop" stores to end the year at 133, nearly tripling our store count from the end of 2016, and surpassing our year-end target of 122," said Fred Mannella, CEO, LXRandCo. "Expansion of our retail network, complemented by continued growth in our online business, contributed to 65% and 70% year-over-year increases in fourth quarter and full-year revenue, respectively. With the vast majority of our 2017 store openings taking place in the second half of the year, most of these new stores are still ramping up to full productivity and profitability. As a result, SG&A expenses continue to trend above our long-term target as we incur staffing costs in these new stores ahead of sales ramp and as we solidify our corporate team to support our network expansion plan in 2018."

stockhouse.com