Growing wealth, record tourism, and cheaper rent for prime retail property are some of the driving forces behind why Canada is becoming a major hub for global luxury brands. In fact, nearly 40 per cent of the about 50 new international retailers that entered Canada last year are considered to be in the luxury segment of the market, according to Retail Insider.
Respondents also weigh in on Loblaw’s $25 gift card apology
Strong retail sales in November and December could signal a healthy year ahead – but not quite as good as 2017, experts say.
Canadians spent an estimated $5.7 billion on cannabis last year according to Statistics Canada, but that's not a guarantee those sales will translate into billions-of-dollars for the legal market, at