Top Stories: National

UPDATE: Canadian Tire buying Party City business for $174.4 million in cash

The Toronto-based company says it plans to add stand-alone stores and also make Party City's products available across 500 Canadian tire retail stores and online at Canadiantire.ca.

bnnbloomberg.ca

IKEA Canada launches $5 Click & Collect, enhances service offer nationwide

The time-saving service enables customers to select and buy products online and pick-up their purchases at a time that's convenient for them, without having to shop in-store. In addition, the home furnishings retailer is also expanding its delivery offer and pricing, including parcel delivery starting at $7.99 Canada-wide.

finance.yahoo.com

Canadian fashion cashes in on gorpcore

Canada Goose’s success has paved the way for fashion-forward outerwear labels, but trade tensions are a headwind.

voguebusiness.com

Subway joins other fast-food chains in testing meatless food

Subway is getting in on the meatless food trend. The company plans to test a new sub, called the Beyond Meatball Marinara, in 685 restaurants in the US and Canada. The test begins in September and is available for a limited time only, although Subway hasn’t said how long that period will be.

theverge.com

Lightspeed Announces First Quarter 2020 Financial Results, Updates Outlook

Lightspeed POS Inc. (LSPD.TO), a leading provider of software, solutions and support systems to small and medium size retailers and restauranteurs, announced financial results for the three month period ended June 30, 2019.

"This past quarter demonstrated solid execution on a number of our stated growth strategies to ensure Lightspeed continues our journey of building a recognized market leader for SMB retailers and restauranteurs globally," commented Dax Dasilva , Chief Executive Officer of Lightspeed. "Accelerated top-line growth of 38%, continued GTV growth of greater than 30%, and accelerating Payments adoption rates on eligible new customers in the quarter are all effective gauges of a healthy, growing customer base that is finding increased success through partnering with Lightspeed."

finance.yahoo.com

Subway Canada Rolls Out Mobile Ordering on iOS and Android

Subway updated its iOS app to support mobile ordering, allowing customers to “order your favorites right from the dashboard. Just tap and go!” Customers can customize their sandwiches with a visual interface showing what veggies, meat and additional toppings you want.

iphoneincanada.ca

Couche-Tard Looks to Be ‘Key Player’ in Cannabis Retailing

Alimentation Couche-Tard Inc. and independent adult-use cannabis retailer Fire & Flower Holdings Corp. have confirmed the closing of their transaction announced on July 24.

Fire & Flower will leverage Couche-Tard’s international infrastructure and experience for global expansion opportunities. The investment will provide Fire & Flower with additional capital to further accelerate its expansion strategy, significantly accelerating the number of stores it is able to open as well as the number of markets it is potentially able to access.

cspdailynews.com

RioCan REIT Announces $500 Million Offering of Series AB Senior Unsecured Debentures

RioCan Real Estate Investment Trust (“RioCan”) (TSX:REI.UN) announced today that it has agreed to issue $500 million principal amount of Series AB senior unsecured debentures (the “Debentures”).

The Debentures are being offered on an agency basis by a syndicate of agents co-led by TD Securities, RBC Capital Markets, BMO Capital Markets and CIBC Capital Markets. The Debentures will be sold at par, carry a coupon rate of 2.576% per annum and mature on February 12, 2025. Subject to customary closing conditions, the offering is expected to close on August 12, 2019.

The net proceeds will be used to repay certain existing debt of RioCan.

globenewswire.com