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Mastodon instance focused on the Triangle region of North Carolina. Keeping out jerks since 2019. Anti-racist, anti-fascist, and anti-TERF.

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#retail

3 posts3 participants0 posts today

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.

#retail #thebay #canpoli

ctvnews.ca/business/article/hu

A Hudson Bay Company store in Toronto is shown on Monday, January 27, 2014. THE CANADIAN PRESS/Nathan Denette
CTVNews · Hudson’s Bay to liquidate entire businessBy The Canadian Press

"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."
cbc.ca/news/business/hudsons-b

CBCHudson's Bay Company nearly $1B in debt, with court filings painting dire financial portrait | CBC NewsHudson's Bay Company is nearly a billion dollars in debt, according to court filings that paint a dire portrait of the struggling Canadian department store chain's finances. 

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
blogto.com/city/2025/03/cosmo-

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.

flip.it/F_yF7r

ForbesAmazon Defies ‘Economic Blackout’ As Sales Climb During BoycottDespite calls for an "economic blackout" targeting major retailers on February 28th, early data reveals Amazon sales actually increased during the boycott period.

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
blogto.com/eat_drink/2025/02/o

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.

flip.it/mxXw6X

CNN · Costco and Teamsters reach a tentative deal to avert a strikeBy Chris Isidore

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.

flip.it/AD2S.m

Axios · Costco shareholders overwhelmingly reject anti-DEI measureBy Kelly Tyko

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
blogto.com/eat_drink/2025/01/c

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: open.spotify.com/episode/3xbHu
Spotify: podcasts.apple.com/us/podcast/
YouTube: youtu.be/OyWg0YEvcOM?si=P7Ycab

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
blogto.com/eat_drink/2025/01/t

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.

flip.it/84HMcW

Fast Company · Calls for Costco boycott mount after board upholds DEI commitmentSome supporters of President-elect Trump accuse the retailer of “illegal discrimination,” fueling online outrage.