A terrible situation for all the 9000 workers at Hudson’s Bay. But let’s be honest, it hasn’t been a Canadian company bringing value to this country for decades.
It will be liquidating its assets before June 15.
Time to fill those spaces with Canadian content again. No more ex-colonial fur traders.
"The Bay announced last week that it was seeking creditor protection, with its chief executive pointing to the COVID-19 pandemic and an ongoing trade war with the U.S. as external factors that have put financial pressure on the company.
"Experts say that Hudson's Bay had been in decline long before then, some tracing its issues back to its 2008 acquisition by the American investment firm NRDC Equity Partners, and saying that the company's new ownership prioritized its real estate over a cohesive retail strategy."
https://www.cbc.ca/news/business/hudsons-bay-debt-court-filings-1.7483641
Huge Ontario music store known for being largest in Canada closing after 57 years
It's the end of an era for an enormous music store just north of Toronto, as local institution Cosmo Music has announced its impending closure after almost six decades in business.The Richmond Hill establishment —famously known as Canada's single-largest music store — announced on Wednesday that it would c...
#business #music #retail #store #Ontario #Toronto
https://www.blogto.com/city/2025/03/cosmo-music-closing/
The economic blackout on Feb. 28 doesn't appear to have had much impact — on Amazon, at least, where transactions were 1% higher than a typical Friday, though the buying pattern through the day was different from normal. Here's @forbes's story.
Perhaps they could’ve survived had they rebranded as Bigly Lots.
Ontario 'grocery outlet' sells food for a lot less and here's how that works
With 13 locations across Ontario (and more to come), The Grocery Outlet has grown to be a staple for savvy shoppers since its founding in 1998.The chain is known for offering significant savings — usually between 30 to 70 per cent off traditional retail prices — on groceries, f...
#business #food #retail #sustainability #Ontario #Newmarket
https://www.blogto.com/eat_drink/2025/02/ontario-grocery-outlet-sells-food-less/
High parking costs cited for recent, numerous retail closures in West Atlanta neighborhood: https://atlanta.eater.com/2025/2/10/24362751/west-midtown-atlanta-restaurant-closures
A threatened strike at Costco was averted on Saturday after the company and negotiators for the Teamsters union came to a tentative agreement. Full terms have not been made public, but beyond wages and benefits, the union had demands around seniority pay, paid family leave, bereavement policies, sick time, and safeguards against surveillance.
Union threatens to extend industrial strikes until late February
Strikes could soon expand to hit retail, transport, food and ski resort sectors.
More than 98% of Costco shareholders voted down an anti-DEI proposal at their annual meeting. The proposal had been filed by the National Center for Public Policy Research, a conservative think tank. In its Notice of Annual Meeting of Shareholders, Costco's board of directors had urged shareholders to reject the motion, saying: "Our efforts at diversity, equity and inclusion remind and reinforce with everyone at our Company the importance of creating opportunities for all." Here's more from @AxiosNews.
Hershey's Canada says Cherry Blossom candy is going away for good
Bad news for fans of candy lovers — Hershey's Canada has confirmed that it will no longer produce its Cherry Blossom candy.A customer service representative confirmed that Hershey's is discontinuing production. They added that some retailers have already run out of stock, while other big retai...
#candy #food #business #retail #Canada #Boston
https://www.blogto.com/eat_drink/2025/01/cherry-blossom-hershey-canada-cease-production/
From co-op pride to private equity control: MEC’s journey has been anything but smooth.
With yet another ownership change looming, has the drive for profits overshadowed the brand's organic, community-focused roots?
https://www.langleyunion.ca/from-co-op-to-commodity-mec-faces-another-ownership-change/
Episode 2 of Season 2 of FSW Conversations features Philipp Labkovskiy, Global E-Commerce Director of ECCO.
In this must-listen episode, Philipp chats about how he's using data to garner deeper, more targeted customer insights and about the evolving landscape of retail e-commerce.
Apple Podcasts: https://open.spotify.com/episode/3xbHu9WcFi6YEygfzkyUOb?si=_GTXlwmaTce6mLzgpRgSyw
Spotify: https://podcasts.apple.com/us/podcast/philipp-labkovskiy-ecco-preparing-for-an-omnichannel/id1728091440?i=1000683904750
YouTube: https://youtu.be/OyWg0YEvcOM?si=P7Ycabbdg9MmN8hN
Huge new T&T Supermarket location opening soon in downtown Toronto
T&T Supermarket is set to open a brand-new location in the heart of downtown Toronto, bringing their signature shopping experience to an even broader audience.Currently operating 36 locations across Canada and the United States, the B.C.-based supermarket chain has spent over 30 years expand...
#business #food #shopping #retail #Toronto #Canada
https://www.blogto.com/eat_drink/2025/01/tt-market-new-location-opening-soon-toronto/
Navigating Retail’s Big Show: Day 1
The FSW team’s analysis of day 1 from the National Retail Federation conference in NYC, featuring insights from Burberry’s Joshua Schulman and key players from Coach and Anthropologie.
 https://www.fashionstrategyweekly.com/p/navigating-retails-big-show-day-1?r=1iis0t
I am going to the National Retail Federation Big Show on Friday.
We’re covering it for Fashion Strategy Weekly.
The theme of everything seems to be AI, AI, and more AI.
Let’s hope I’m wrong.
Costco is standing firm against a conservative-led push for it to end its DEI programs. Last week, think tank the National Center for Public Policy Research argued that DEI initiatives are discriminatory and pose a financial risk to the company's shareholders. Costco responded, saying, “Our Board has considered this proposal and believes that our commitment to an enterprise rooted in respect and inclusion is appropriate and necessary.” Now Trump supporters are calling for a boycott of the retailer. Here's more from @FastCompany.
waiting for summer 
