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Canadian Retail News From Around The Web For November 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.

Canadian contemporary brand Smythe sees demand rise as high-end consumers cut costs (BNN)

Alimentation Couche-Tard reports net earnings of US$819.2 million in second quarter (BNN)

Independent grocers fear they’ll be stuck with the bill for push to rein in big chains’ prices (Toronto Star)

Retail spending expected to rise ‘significantly’ in 2024 as inflation eases, Morguard says (Ottawa Business Journal)

Canada Goose buys European knitwear supplier Paola Confectii (CTV)

Sugar shortage: How Western Canadian bakeries are managing (CTV)

B.C.’s densification push threatens to squeeze out small businesses (BIV)

Malls are buzzing this holiday season, and Rideau Centre and St. Laurent are seeing the difference (Ottawa Business Journal)

Indigenous department store opens pop-up location in Square One in Mississauga (inSauga)

Curated Digest

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One of the country's most accomplished and recognizable players, Canada Soccer Men's National Team forward Jonathan David will support the collaboration as an official Walmart Canada ambassador.
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Sungiven Foods Expanding Metro Vancouver Footprint

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Sungiven Foods plans up to 15 new Metro Vancouver stores as it refines its small-format, private-label grocery model.
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Victoria’s Secret & Co. reports 2025 Q4 and full year results with annual sales of more than $6.5 billion

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The company reported net sales of $6.553 billion for fiscal year 2025, an increase of 5% compared to net sales of $6.230 billion for fiscal year 2024.
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Governments suffer big decline in alcohol earnings: Statistics Canada

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Overall, liquor authorities and other retail outlets sold $25.8 billion worth of alcoholic beverages in the fiscal year ending March 31, 2025, down 1.6% from fiscal year 2023/2024.
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Vivo Avanti Expands with Restaurant in King City

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Vivo Avanti has opened in King City, introducing an elevated Italian dining concept from the team behind Vivo Pizza + Pasta.
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The Reset Team Leads Retail Merchandising in Canada

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Happy Belly Food Group’s iQ Food Co. secures 1st Western Canada location in Calgary

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iQ is a flagship brand in Canada's premium healthy eating market and is strategically located in urban and central business districts.
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A&W reports Q4 and 2025 financial results, with annual sales increasing to $1.92 billion

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System Sales in 2025 increased by $51.8 million (2.8%) to $1.92 billion
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Joe Fresh becomes 1st pure apparel retailer on DoorDash in Canada

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Over 220 Joe Fresh stores are now shoppable on DoorDash across all provinces and one territory.
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Kits Eyecare reports Q4 and 2025 financial results with record annual revenue

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Gross profit increased by 34.4% to $72.1 million or 35.6% of revenue, , compared to $53.7million, or 33.7% of revenue; an expansion of 190 basis points.
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Eau Claire Distillery Unveils Flagship Single Malt as Inventory Growth Fuels Expansion

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The Pedro Ximénez-finished single malt, made with 100 per cent Alberta malted barley, marks a milestone for the distillery, which says it now has sufficient aged inventory to support larger, sustained releases after more than a decade in operation.
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Teen Founder Builds Chic & Charmed Jewellery Brand

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Chanelle Chalazan, 16, started Chic & Charmed at 13 and is scaling the Canadian jewellery brand nationally through trade shows and pricing discipline.
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Tariff uncertainty and affordability pressures causing Canadians to put brakes on car ownership: Turo

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Three in four Canadians (75%) are concerned tariffs will push vehicle prices higher in 2026.
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Quebec’s New Weekend Store Hours Win Support and Criticism

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Quebec allows stores to stay open until 9 PM on weekends under a new pilot, drawing support from some retailers and criticism from others.
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