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Canadian Retail News From Around The Web For February 14th, 2024

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.

Costco open to grocery code of conduct, but says it must apply to all (Global)

Costco executive says company always looking to lower prices, mitigate increases (Financial Post/ the Canadian Press)

La Vie en Rose lingerie chain targets Victoria’s Secret — on its own turf in the US (Montreal Gazette)

Shopify’s revenue surged 24% in the last quarter. So why is the stock down? (Global)

Matthew Lau: Don’t tax grocers, shut government food ministries (Financial Post)

Tim Hortons parent doubles earnings on stronger sales (Financial Post)

It’s harder than ever to be a bookseller but I’m not shelving my business dreams (CBC)

For Canadian jewelry brand Pyrrha, Vancouver will always be home (Vancouver Sun)

Multi-Dimensional Makeup Brand about-face Expands into Canada Launching at Shoppers Drug Mart Stores This Month (Newswire)

LCBO launches pilot requiring ID before entering Ontario stores (CityNews)

The Dufresne Group Opens New Ashley Store in Toronto, Ontario (Furniture World)

Man arrested after allegedly installing tracking devices on vehicles in Yorkdale mall parking lot (CityNews)

Curated Digest

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Tonica Kombucha founder reflects on two decades of growth from kitchen startup to national brand

Mario Toneguzzi -
The kombucha maker is now operating from a 12,000-square-foot production facility in Woodbridge and selling products across Canada through major retailers.
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Vancouver’s The Candy Room marks decade in business with renovation and online expansion plans

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The milestone comes as the retailer completes upgrades to the approximately 1,400-square-foot store, which recently reopened after renovations.
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Alabaster Homes expands Pavilion Cowork concept to Calgary with amenity-focused space

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Alabaster Homes, originally a residential multifamily developer, launched Pavilion Cowork more than eight years ago to address both surplus space in its Vancouver offices and a desire to foster a collaborative environment for businesses.
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Food businesses face penalties for mislabelling products as Canadian: CFIA

Mario Toneguzzi -
Food businesses are responsible for ensuring that all food products they sell, whether made in Canada or imported, meet Canada's legislative requirements.
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Daily Synopsis: Mar 16, 2026

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Danier Leather marks 10 years under new ownership, judge awards costs to HBC landlords following failed Ruby Liu lease deal, counterfeit bills on the rise, T&T Supermarket opening earlier than planned in Mississauga, Loblaw opening at Broadway and Granville this month, and other news.
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Retail Jobs Decline in Canada as Sector Adjusts

Craig Patterson -
Canada’s retail employment fell in February 2026, but staffing expert Suzanne Sears says the decline may reflect temporary inventory and economic pressures.
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Hudson’s Bay Landlords Awarded $2.4M in Costs

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Court awards Hudson’s Bay landlords $2.4M in legal costs tied to failed Ruby Liu lease deal, with payment subject to creditor priorities.
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Canada Still Leads G7 as Grocery Inflation Outpaces Wages

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Canada still leads the G7 in grocery inflation at 5.4%, with food prices rising faster than wages despite a recent slowdown.
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Shake Shack to Open First Calgary Location

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Shake Shack will open its first Calgary location at CF Chinook Centre this spring, its first in Western Canada, as part of the brand’s growing Canadian expansion.
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Canadian households accumulating financial wealth while household debt service ratio edges down: Statistics Canada

Mario Toneguzzi -
The household debt service ratio—measured as total obligated payments of principal and interest on credit market debt as a proportion of household disposable income—edged down to 14.57% in the fourth quarter of 2025 from 14.61% in the previous quarter.
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Annual inflation cools to 1.8% in February: Statistics Canada

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Although growth in grocery prices slowed in February, they have risen 30.1% since February 2021.
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LSD°R expands with new Toronto location

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The new 3,000-square-foot space expands LSD°R’s Pilates-and-breathwork method with a larger studio room, 16 LSD°R Re°formers, private Re°former sessions, and the introduction of professional-grade red light therapy.
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GoodLeaf Farms launches mobile tour to promote indoor-grown greens in Ontario, Atlantic Canada

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GoodLeaf, founded in Halifax in 2011, operates three commercial-scale indoor farms across Canada that supply retailers and food service operators.
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IOPE debuts in Canada through exclusive Sephora retail partnership

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The clinical-grade skincare brand, owned by Amorepacific, launched online at Sephora.com this recently and in Sephora stores nationwide.
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Retail-to-Residential Conversions Gain Momentum in Canada

Lee Rivett -
Retail-to-residential conversions are emerging as a potential solution to Canada’s housing shortage by transforming underused commercial sites.
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Inside Canada’s Growing Liquidation “Binz” Store Economy

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How liquidation “binz” stores in Canada reveal the afterlife of surplus retail goods as forecasting errors and returns feed a growing recommerce market.
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