Loblaw’s board of directors recommended shareholders vote against the living wage proposal in its annual proxy circular
The Canada Post Group of Companies reported a profit of $144 million for 2017, up from $81 million in 2016, as its parcel business grew with the popularity of online shopping.
Generation Z (18 to 24 years old) are spending more time in physical retail stores but the reasons why may surprise you. Beyond the traditional focus on shopping for their favourite products, this generation is using the retail experience to socialize, interact, and be entertained, according to PwC Canada's Canadian Consumer Insights: Retail Evolution Report. Despite the perceived rapid growth of online sales, this segment still only represents 8.1% of core retail sales in Canada. The report, based on a survey conducted with more than 1,000 Canadian respondents, shows that customers continue to spend their disposable income in physical stores, where they can have a more engaging in-person experience versus online shopping. According to the report, 58% of consumers prefer to spend their disposable income on products while 42% spend it on experiences. Of those, Gen Z prefer spending their money on experiences like socializing with family and friends (71%), events (55%) and travelling/vacations (51%).
Grocery retailer also outlines plans for e-commerce as it reports improved quarterly earnings
Marijuana may not be fully legalized until July at the earliest, but tens of thousands of Canadians are already telling Statistics Canada how much they pay for the drug.