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NEWS BRIEFS

iPhone 16 is Apple’s New Era of Intelligent Smartphones

News Briefs (Bulletin/Quick Reads) Lee Rivett -
Apple's iPhone 16 ushers in a new era of AI-powered devices, promising enhanced user experiences and capabilities.

Apple Unveils iPhone 16 Pro: A Leap in Smartphone Innovation

News Briefs (Bulletin/Quick Reads) Lee Rivett -
Apple's iPhone 16 Pro and Pro Max debut with larger displays, advanced AI features, and improved cameras, setting new standards in smartphone technology.

Eataly Brings Italian Street Food to Toronto Locations

News Briefs (Bulletin/Quick Reads) Retail Insider -
Eataly launches "Icons of Eataly: Street Food" series, featuring new menu items and local food maker collaborations in Eataly's Toronto locations.

Bo’s Coffee Eyes Canadian Market in Global Expansion

News Briefs (Bulletin/Quick Reads) Retail Insider -
Philippine coffee chain Bo's Coffee plans global expansion, with Canada as a key target for future growth.

Specsavers partners with astronaut Chris Hadfield in Canadian marketing campaign 

News Briefs (Bulletin/Quick Reads) Retail Insider -
Specsavers partners with Chris Hadfield to address eye health negligence in Canada, revealed by recent Leger study.

Beyond Wokeness: Molson Coors and John Deere’s EDI Reboot In Food [Op-Ed]

News Briefs (Bulletin/Quick Reads) Sylvain Charlebois -
Molson Coors and John Deere have discontinued their equity, diversity, and inclusion (EDI) programs in favour of a "more comprehensive approach," signalling a potential shift in how corporations balance inclusivity with financial sustainability and effectiveness.

Crestpoint acquires 50% interest in three building Loblaw portfolio

News Briefs (Bulletin/Quick Reads) Mario Toneguzzi -
Crestpoint's total assets under management is $10.4 billion and 38.3 million square feet

Retail sales drop in June: Statistics Canada

News Briefs (Bulletin/Quick Reads) Mario Toneguzzi -
the largest decline in dollar terms came from lower sales of motor vehicles (-8.4%)

7-Eleven Owner Rejects Couche-Tard’s Takeover Bid

News Briefs (Bulletin/Quick Reads) Retail Insider -
Seven & i Holdings, 7-Eleven's parent company, declines Alimentation Couche-Tard's takeover bid, citing undervaluation and regulatory concerns.

North West Company Boosts Dividend Amid Strong Q2 Performance

News Briefs (Bulletin/Quick Reads) Retail Insider -
North West Company reports 4.6% sales increase and 2.6% dividend hike in Q2 2024, driven by Canadian operations growth.

Long & McQuade Founder Jack Long Dies at 95

News Briefs (Bulletin/Quick Reads) Retail Insider -
Jack Long, founder of Canada's largest music retail chain Long & McQuade, has passed away at 95, leaving behind a rich musical legacy.

Rennaï debuts 1st location at Montreal’s Royalmount

News Briefs (Bulletin/Quick Reads) Retail Insider -
New beauty retailer Rennaï opens first store in Montreal's Royalmount, offering holistic self-care experience with over 175 brands.

Costco Breaks Ground on 4th Winnipeg Location

News Briefs (Bulletin/Quick Reads) Retail Insider -
Costco begins construction on a new 166,894-square-foot store in Winnipeg, expanding its Canadian presence amidst global growth.

Golfworld to Launch Golf Complexes Across Quebec

News Briefs (Bulletin/Quick Reads) Retail Insider -
Golfworld Montreal Golf Complex brings innovative golf entertainment to Quebec, featuring luxury mini-golf, simulators, and training facilities.

George Weston Secures $250M in Private Placement

News Briefs (Bulletin/Quick Reads) Retail Insider -
George Weston Limited raises $250 million through senior unsecured notes, strengthening its financial position in Canadian retail.

Canadian Tire Corporation ranked top retailer in Canada, top 10 globally: Newsweek 2024 list of the World’s Most Trustworthy Companies

News Briefs (Bulletin/Quick Reads) Mario Toneguzzi -
The World's Most Trustworthy Companies 2024 were selected based on an independent survey of over 70,000 participants across 23 industries in 20 countries

Ontario Convenience Stores Now Selling Alcohol

News Briefs (Bulletin/Quick Reads) Retail Insider -
Ontario's convenience stores begin selling alcohol, marking a shift in the province's retail landscape.

Sunglass Hut unveils latest store design (Photos)

News Briefs (Bulletin/Quick Reads) Mario Toneguzzi -
Sunglass Hut opened a new concept store at Royalmount in Montreal on Thursday, showcasing the newest global retail design with interactive elements.

Baskin-Robbins kicks off month-long fundraiser in support of BGC Canada

News Briefs (Bulletin/Quick Reads) Mario Toneguzzi -
For 125 years, BGC Canada (formerly Boys & Girls Clubs of Canada) has been creating opportunities for millions of Canadian kids and teens.

Le Fou Fou food hall opens at Royalmount

News Briefs (Bulletin/Quick Reads) Mario Toneguzzi -
Le Fou Fou, a new European-style food hall opening in Montreal's Royalmount development, features 12 diverse culinary concepts, three themed bars, and innovative technology.

Holt Renfrew Magazine launches Fall 2024 issue

News Briefs (Bulletin/Quick Reads) Mario Toneguzzi -
Holt Renfrew's Fall 2024 magazine issue, "Collective Currents," showcases the retailer's commitment to culture and creativity through diverse stories.

Lightspeed Powers New Le Fou Fou Food Hall  

News Briefs (Bulletin/Quick Reads) Retail Insider -
Lightspeed partners with Le Fou Fou food hall in Montreal, introducing innovative technology to enhance dining experiences.

Couche-Tard Q1 Earnings Slip as Consumer Spending Tightens

News Briefs (Bulletin/Quick Reads) Retail Insider -
Alimentation Couche-Tard reports lower Q1 earnings as consumers tighten spending, while pursuing expansion opportunities.

Ontario Convenience Stores Begin Alcohol Sales Thursday 

News Briefs (Bulletin/Quick Reads) Retail Insider -
Ontario convenience stores begin selling alcoholic drinks, raising concerns about proximity to schools and impact on youth.

Chick-fil-A Shared Table food donation program surpasses 30 million meals

News Briefs (Bulletin/Quick Reads) Mario Toneguzzi -
106,000 pounds of food waste in Canada diverted from landfills by Chick-fil-A, Inc. and Chick-fil-A restaurants since 2020 

Walmart Canada Faces Union Push at Mississauga Warehouse

News Briefs (Bulletin/Quick Reads) Retail Insider -
Unifor files to unionize Walmart warehouse workers in Mississauga, reflecting growing labor movement in Canadian retail sector.

Nordstrom family aims to take retailer private following Canadian exit last year

News Briefs (Bulletin/Quick Reads) Retail Insider -
Nordstrom family, backed by Mexican retail group, offers $3.76 billion to privatize the century-old department store chain.

Parkland Corp. to sell Florida assets in divestiture plan

News Briefs (Bulletin/Quick Reads) Retail Insider -
Canadian fuel retailer Parkland Corp. announces plans to sell its Florida-based retail and commercial businesses as part of asset divestiture strategy.

Costco raises membership fees in Canada and US, implements stricter access controls

News Briefs (Bulletin/Quick Reads) Retail Insider -
Costco increases membership fees in Canada and U.S., implements stricter access controls to curb membership sharing.

KITS Eyecare Boosts Q3 Revenue Outlook

News Briefs (Bulletin/Quick Reads) Retail Insider -
KITS Eyecare raises Q3 2024 revenue guidance, expects over 32% year-over-year growth following record-breaking sales week.

Canada’s EV Tariffs Spark Chinese Retaliation, Threatening Canola Exports [Op-Ed]

News Briefs (Bulletin/Quick Reads) Sylvain Charlebois -
Canada's decision to impose tariffs on Chinese electric vehicles has prompted swift retaliation from China in the form of an anti-dumping investigation into Canadian canola exports.

Michael Hill Jewellers Sees Revenue Growth in Canada, Australia

News Briefs (Bulletin/Quick Reads) Retail Insider -
Michael Hill International reports 4.2% revenue increase to A$644.9 million, with strong performance in Canadian and Australian markets.

Banff-Based Ramen Arashi Opening in Kensington Area of Calgary

News Briefs (Bulletin/Quick Reads) Mario Toneguzzi -
Ramen Arashi, known for authentic Japanese cuisine, to open fifth location in Calgary's Kensington area on September 24, 2024.

JYSK set to open renovated store in Coquitlam, B.C. (Photos)

News Briefs (Bulletin/Quick Reads) Mario Toneguzzi -
JYSK has renovated its Coquitlam, B.C. store to offer a new JYSK 3.0 shopping experience, celebrating 28 years in Canada with a grand re-opening on September 7.

Fenty Hair Debuts at Sephora Canada

News Briefs (Bulletin/Quick Reads) Craig Patterson -
Rihanna's Fenty Hair launches at Sephora Canada, offering nine hair care products designed for all hair types and textures.

University of Waterloo Unveils New Indigenous Art Collection

News Briefs (Bulletin/Quick Reads) Retail Insider -
University of Waterloo partners with Anishinaabe Onyota'a:ka artist for a new Indigenous collection featuring Canada geese-inspired designs.

How the Bank of Canada Could Ease Back-to-School Lunch Costs [Op-Ed]

News Briefs (Bulletin/Quick Reads) Sylvain Charlebois -
Sylvain Charlebois discusses how expected Bank of Canada interest rate cuts could potentially save families money on mortgages, while also examining the varied landscape of grocery prices for back-to-school lunches.

Kulfi Beauty expands to all Sephora stores in Canada

News Briefs (Bulletin/Quick Reads) Retail Insider -
South Asian-inspired makeup brand Kulfi Beauty achieves full distribution in Sephora stores across North America, marking significant growth.

Over 4,000 Ontario convenience stores approved for alcohol sales on September 5th

News Briefs (Bulletin/Quick Reads) Retail Insider -
The province approved expanding alcohol sales in thousands of convenience stores starting September 5th, fulfilling a government promise and significantly broadening liquor availability beyond traditional outlets.

Pumpkin spice’s future uncertain as consumer habits shift and coffee industry lacks innovation [Op-Ed]

News Briefs (Bulletin/Quick Reads) Sylvain Charlebois -
Sylvain Charlebois says pumpkin spice, a hugely successful seasonal flavour pioneered by Starbucks, faces potential challenges as consumer habits shift and the coffee industry grapples with the need for innovation to maintain growth and appeal to changing tastes.

T&T Supermarkets opening new store in London, Ontario, September 27

News Briefs (Bulletin/Quick Reads) Retail Insider -
Canada's largest Asian grocery chain is entering a new market in Ontario with a 39,000 square foot store. 

Drake’s OVO Brand Expands with Seasonal Pop-up at Scarborough Town Centre

News Briefs (Bulletin/Quick Reads) Retail Insider -
OVO is launching a seasonal pop-up at Scarborough Town Centre with exclusive local collections.

Couche-Tard Seeks Pension Fund Backing for 7-Eleven Acquisition

News Briefs (Bulletin/Quick Reads) Retail Insider -
Canadian convenience store giant Couche-Tard explores pension fund backing for potential acquisition of 7-Eleven's parent company.

Employment in retail sector on the decline: Statistics Canada

News Briefs (Bulletin/Quick Reads) Mario Toneguzzi -
The declines were led by sporting goods, hobby, musical instruments, book, and miscellaneous retailers.

The RONA Foundation launches its second Home Sweet Home campaign

News Briefs (Bulletin/Quick Reads) Mario Toneguzzi -
RONA Foundation's 2024 "Home Sweet Home" campaign aims to raise funds across Canadian stores to support local charities improving housing for those in need.

Discussing the upcoming eTail Toronto: Key Themes, Speakers, and Networking Opportunities [Video Interview]

News Retail Insider -
The upcoming eTail Toronto conference highlights key themes like AI, digital transformation, and customer personalization, and takes place September 25-26.

Leger Unveils 2024 Brand Momentum Study, Revealing Top Skincare Brands in Canada

News Briefs (Bulletin/Quick Reads) Retail Insider -
The study finds that The Ordinary leads Canadian skincare market, with insights on consumer preferences and brand performance.

Google Unveils New Features for Retailers

News Briefs (Bulletin/Quick Reads) Retail Insider -
Google introduces AI-powered insights and improved ad management tools for retailers in preparation for the holiday shopping season.

Canadian Arts & Fashion Awards Unveils 2024 Nominees

News Briefs (Bulletin/Quick Reads) Retail Insider -
The CAFA Awards on October 19 celebrate top talent in the nation's fashion industry.

Tokyo Smoke Closing 29 Stores Amid Creditor Protection Restructuring

News Retail Insider -
The Canadian cannabis retailer is restructuring operations to adapt to changing Canadian market conditions and regulations.
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