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Canadian Retail News From Around The Web For September 29th, 2023

OUR ARTICLES OF THE DAY

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News at a Glance

Retail Insider is streamlining its Canadian retail news from around the web to include a handful of top news stories that can be viewed quickly during the day. Here are the top stories from the past 24 hours.

Artizia sees $6M net loss in Q2, CEO says results ‘do not meet our high standards’ (BNN)

Gold rush: Costco is selling gold bars and they’re flying off shelves (Global)

BEACN and London Drugs Announce Retail Partnership (Yahoo)

Union files complaint against Sephora (Kamloops This Week)

U-Haul crashes into downtown Vancouver Cartier store (Daily Hive)

Save-On-Foods celebrates grand opening of new store in Prince George (Grocery Business)

Adil’s No Frills Plus hosts grand opening in Brampton, Ont. (Grocery Business)

Curated Digest

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First Capital REIT reports “solid” Q1 results.

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Total portfolio occupancy of 97.2%, representing an increase of 30 basis points year-over-year
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EQB secures final approval for PC Financial acquisition

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Primaris REIT Repurposing Malls After Hudson’s Bay Closures

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Happy Belly Food Group acquiring 50% of Ghost Taco

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Shopify delivers again as merchants clear $100 billion in Q1 GMV

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For the second quarter of 2026, Shopify said it expects revenue to grow at a high-twenties percentage rate on a year-over-year basis.
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Kantar: Brands Risk Missing Canada’s High-Value Seniors

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Canadians in their "third age" (60–80) aren't retreating from life, they're travelling, dining out, adopting new tech, and spending.
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Kim Crawford Wines announces 3-year partnership with Tennis Canada

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The National Bank Open brings the best men's and women's tennis players in the world to Canada, each summer.
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Kinton Ramen introduces 1st food court concept at Waterfront Centre Vancouver

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This new opening represents the brand's 12th location in British Columbia and serves as the first of several planned food court expansions across the province. 
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Tourisme Montréal focuses on infrastructure to strengthen Montréal’s competitiveness

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Toronto’s Basil Box to Shut Down All Locations by May 14

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Basil Box will close all Canadian locations by May 14, ending a Toronto fast-casual brand as rising costs and shifting demand pressure the sector.
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Retail-focused strategy delivers strong Q1 results: RioCan 

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Committed retail occupancy of 98.6% reflects structurally constrained retail supply across RioCan's markets and resilient tenant demand.
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