Lululemon Athletica has quietly closed its men’s standalone stores in New York City and Toronto even as it plans to more than double its men’s business in the next five years.
Dollarama reported strong top line growth for its first quarter fiscal 2020, with a 9.5 per cent increase in sales and close to 6 per cent increase in comparable store sales when compared to the same period in 2019.
In a conference call with investors and media, CEO Neil Rossy said he was pleased with the results.
According to business news reports, Dollarama had not had traffic growth in more than a year, but the first quarter results reversed that trend with a 5.8 increase in comparable store sales. (Grocery Business Magazine)
Nine out of ten Canadians are worried about rising foods prices and a majority say food prices will continue to rise if the next government doesn’t strengthen Canada’s food industry, according to a survey conducted by Abacus Data and commissioned by Food and Consumer Products of Canada (FCPC).
The cost of feeding a family of four is expected to rise by up to $400 this year. Amongst other factors increasing grocery bills, FCPC warned in April that grocery store consolidation and a challenging regulatory environment decrease choice, raise prices, and inhibit innovation. Canada’s food industry lost 12 jobs per day, every day, from 2013 to 2018.
(Grocery Business Magazine)
Federal and provincial governments earned $186 million in cannabis-related revenue in the first five-and-a-half months since legalization in October, Statistics Canada said Wednesday.
This summer, over 500 IKEA co-workers will proudly march in support of Pride celebrations nationwide, celebrating the history, courage and diversity of the LGBTQ+ community. With the belief that equality is at the heart of human rights, IKEA Canada will contribute nearly $50,000 in support of local LGBT+ organizations across the country, including youth programs, peer-to-peer support and local Pride celebrations.
Legal edible cannabis products coming to retail stores later this year may not be recognizable to consumers who have enjoyed brightly packaged high-potency products from the grey market.
Shopify Inc. has quietly built a network of warehouses and shipping infrastructure in the United States, and starting today it will be offering to manage inventory and shipping for the merchants on its e-commerce platform. Chief product officer Craig Miller announced the new product in Toronto at Shopify’s annual Unite developer conference.