In September, Canada Goose unveiled an online store on Alibaba Group-owned Tmall. In late November,it opened a popup shop in a swish Beijing hotel, ahead of an inauguration, sometime later this year, of a permanent store a few steps away, where its neighbours will be Versace, Roberto Cavalli, Moncler and Balmain.
(Subscribers Only - Globe and Mail
)
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Sales across the HBC brands increased by 5.6 per cent to $2.2 billion, as sales from Saks Fifth Avenue grew by 7.3 per cent, making it the sixth quarter of consecutive growth.
(The Star)
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Just two years after his arrival, Empire’s share price has rebounded by 56%, and the rejuvenation efforts are going faster than the 55-year-old Medline anticipated. Put all his accomplishments so far together and they gave Report on Business magazine plenty of reasons to name him our top CEO for 2018.
(The Globe & Mail- Subscribers Only)
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Montreal-based landlord Ivanhoé Cambridge is launching pop-up retail spaces in 10 of its malls, and is working with two significant pop-up facilitators to launch the endeavour.
(Retail Insider)
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The company employs 123 full- and part-time employees in Canada and operates 19 stores, including 11 in Ontario, six in B.C. and one each in Alberta and Quebec.
(National Post)
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Food prices will rise between 1.5 to 3.5 per cent in 2019, according to the report from researchers at the University of Guelph and Dalhousie University. That means the average family of four will spend $12,157 next year — up $411 from 2018.
(The Star)
The initiative comes as the retail sector undergoes a massive shakeup with consumers increasingly shopping at Amazon and other online merchants instead of traditional brick-and-mortar stores. The proliferation of e-commerce and discount stores has upended the sector and put companies such as Sears out of business.
(The Globe and Mail)
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Canada’s new $10 bill is starting to appear in cash transactions. This new bank note was issued into circulation on November 19 and is now making its way into financial institutions across the country.
This new note is being rolled out gradually and will circulate alongside the other $10 notes, until they need to be replaced. As the new regularly circulating $10 bank note, the vertical $10 will be produced by the Bank of Canada for years to come.
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Some of the biggest players in the industry are spending billions of dollars to remodel their existing shops, hoping to lure customers inside with more modern fixtures, easier checkout options & online order pickup kiosks. (
CNBC)
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A once-luxe stretch of the West Village that, until recently, was pocked with empty storefronts, is starting to return to its old glory.
(NYT)
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“Based on last year’s irresponsible tax cut, Patagonia will owe less in taxes this year—$10 million less, in fact,” CEO Rose Marcario writes. “Instead of putting the money back into our business, we’re responding by putting $10 million back into the planet. Our home planet needs it more than we do.”
(Upworthy)
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In his four years at the helm, McMillon has pushed Walmart to utilize its size and innovative power to claim leadership across various parts of the industry.
(Grocery Dive)
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Nike Live is a members-only store concept with a focus on mobile and a two-week merchandise rotation. Nike by Melrose in Los Angeles is the first iteration, but Nike has plans to expand it to new locations, starting with Tokyo.
(Retail Dive)
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Sears Holdings Corp. chairman Eddie Lampert’s ESL Partners LP has submitted a bid valued at $4.6 billion to buy the bankrupt retailer, the hedge fund said on Thursday. (
The Globe and Mail)
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RCC EVENTS
Jan 13-15, 2019
May 28 & 29, 2019
May 28, 2019
May 29, 2019
RETAIL INDUSTRY EVENTS
Jan 13-15, 2019
ON DEMAND WEBINARS
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News For Retail Entrepreneurs
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Check out our Independent Bookseller's Coast-to-Coast Bestsellers List
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For more than 20 years, as the founder and chief executive officer of Indigo, Reisman has been at the helm of a Canadian business that she has had to help to adapt as the way people read — and shop — has changed.
(Vancouver Sun)
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The inside story of how Deciem, the Abnormal Beauty Company, lived up to its name.
(National Post)
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Organizers say they wanted to create the massive latke as a way of sharing Hanukkah with all members of the Montreal community. “There’s a principle in the Torah that says that just a small amount of light can dispel a huge amount of darkness,” said Rodals’ David Silberstein.
(Global News)
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After weighing their options, the couple decided to break out on their own by starting Green Earth Cannabis near Marlborough Mall instead of buying into one of the larger cannabis chains. Currently Calgary’s newest and largest cannabis retail store, Marshall said Green Earth offers something for every experience level of cannabis connoisseur.
(Calgary Herald)
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Spotlight on Retail Supply Chain
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Understanding the consumer and building strong relationships with supply chain and logistics partners will be critical to the continued success and growth of retailers in Canada as pressures on today’s supply chain increase.
(Canadian Retailer)
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The 56th annual recipient of the prestigious Railway Age Railroader of the Year Award is CN President and Chief Executive Officer Jean-Jacques “JJ” Ruest, leader of one of North America’s best-performing Class I railroads.
(Railway Age)
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Understanding today’s omnichannel retail means learning an entirely new set of terminology: BOPIS, BOSS, etc. And trying to remember all of the acronyms that go along with these emerging channels can become complicated.
(Supply Chain)
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A task force created by President Trump said Tuesday the U.S. Postal Service should consider increases to the cost of shipping some packages, a move that could hurt Amazon along with other e-commerce companies.
(
Axios
)
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Spotlight on Retail Research
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StatCan posted the Retail numbers for September today, indicating a +0.2% growth in sales – a growth number that trounced the forecasts by the big Canadian banks (-0.1%), with nearly every bank predicting no growth for September.
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Great work by our RCC/WSIB Safety Group program who achieved a final score of 86% and ranked 7th out of 24 sponsors in Ontario!
Our members received nearly $500,000 in rebate returns this year!
Rebate cheques were presented today by Chair Witmer, VP Rodney Cook and RCC’s VP Sonny Brar. For more information on how to join The Safety Group program contact Sonny at [email protected]
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A recent survey by the Retail Council of Canada asked people across the country about their shopping behaviours, specifically around the holiday season. According to the survey, shoppers in Saskatchewan plan on spending almost the lowest in the country at $611 a person. That figure includes extras like travel.
(CTV News)
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Manhattan’s shuttered storefronts tell a larger American story: Only Amazon-proof businesses can now survive in brick and mortar.
(The Atlantic)
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Millennials, which the study defined as those born between 1981 and 1997, with ages ranging from 21 to 37, "paid a price" for coming of age during the Great Recession. They had to face historically weak labor demand and unusually tight credit conditions.
(NPR)
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As retailers are finding it increasingly difficult to get shoppers (particularly new, young ones) into their brick-and-mortar stores, a slew of luxury brands seem to have a strategy for engaging consumers: Get them to go somewhere else — not to shop, but to hang out.
(
Fashionista
)
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RCC provides a place for employers and job seekers to connect. If you are a retail employer, please email your career opportunities
[email protected]
. We will post your link on our website.
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