The department store group saw year-over-year sales declines in the bulk of its divisions
Strong sales of athletic pants and outdoor jackets led to a robust fourth quarter at Lululemon Athletica Inc., evaporating any lingering market worries about the sudden departure of its CEO last month. “Clearly it was a market-share gaining year across categories, across channels, across all geographies,” said Glenn Murphy, the former Gap Inc. CEO who was promoted to executive chairman of Lululemon in February from his prior role as chairman. The company bested analyst estimates and net revenue soared 18 per cent amid surging online sales.. Revenue for the period was US$928.8 million, compared with US$789.9 million a year ago, and beat analyst estimates of US$911.42 million
Tim Hortons has announced a $700 million program over four years to refresh and modernize about half of its store network across Canada, hoping to woo more customers to its outlets with communal seating and electric outlets at tables to charge phones and other electronics. But beyond luring in more customers, the company’s biggest challenge could be convincing an unhappy group of franchisees to buy in to the strategy after a year of upheaval, mudslinging and lawsuits. New Tim Hortons president Alex Macedo, who joined the brand in December, said franchisees were informed of the coming changes in a conference call last Thursday, “and so far we are happy with the reaction,” he said in an interview. “We are going in the same direction, and the franchisees that are aligned for the long run understand that this is the right way to go.”
Golden Leaf Holdings Ltd. is taking the first step to becoming the Starbucks or McDonald’s of weed, even though marijuana remains illegal across much of the U.S.
Flashfoodbox offers between 8 lb. to 9 lb. of misshapen produce for $26.50