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Canadian Retail News From Around The Web For March 5th, 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.

The Body Shop Canada parent took revenue, left company $3.3M in debt: court docs (The Canadian Press / CTV)

The Body Shop to cut more than 200 jobs in Canada (Globe & Mail / subscriber paywall)

The Body Shop Canada: Bankruptcy and Severance Pay (ST Lawyers)

Harry Rosen launches garment bag recycling program with TerraCycle (Fashion Network)

Leadership transition at Kal Tire, BC firm names new president (BIV)

Farm Boy to open 19th GTA store in Oshawa (Grocery Business)

Red Apple Stores announces grand reopening of Sioux Lookout location (Grocery Business)

After half a century in Montreal, clothing boutique owners call it quits (Global)

Bagged milk could start disappearing as demand is reduced (BlogTO)

‘Symbolic heart of the city’: Urban planner reacts to possibility of opening Portage and Main (iHeartRadio)

Curated Digest

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Canadian hotel industry sees steady growth as leisure travel drives performance: Cushman & Wakefield

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2025 ranked among the stronger years for hotel transactions over the past two decades, highlighted by several notable full-service and luxury hotel trades.
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Empire Company Limited reports Q3 financial results

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Sales of $7,890 million, an increase of 2.1%.
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73% of Canadians Now Shop Chinese Marketplaces

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Survey finds 73% of Canadians shop Chinese marketplaces like Temu and Shein as monthly and weekly usage continues to grow.
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Chatime focuses on strengthening brand leadership in Canada as expansion continues cautiously: Trinh Tham interview

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Chatime currently operates about 100 locations across Canada, primarily in Ontario and British Columbia, and opened six new stores last year while preparing additional locations that are expected to come online this year.
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VIDEO: 87% of Canadians feel financially trapped by rising living costs: Harris & Partners

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85% report their overall monthly expenses have increased in the past 12 months
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Abercrombie & Fitch Expands Canadian Store Network

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Women Entrepreneurs Reshape Canada’s Franchise Industry

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Women entrepreneurs are gaining momentum in Canada’s franchise sector, with leaders expanding into construction, automotive, and skilled trades.
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Future of Calgary’s Hudson’s Bay Building Discussed

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Experts will discuss the history, current status, and potential future of Calgary’s historic Hudson’s Bay building at a public event on March 26.
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MUJI opening its newest Canadian store in British Columbia

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MUJI has steadily grown as the go-to brand for millions of loyal customers in 30+ countries and 7,000+ products.
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Dr. Phone Fix reports over 50% same-store growth and productivity improvements following Geebo acquisition

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Dr. Phone Fix said it has begun transitioning the Geebo locations from repair-focused service centres into a broader retail platform.
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Sleep Country CEO sees growth amid consumer uncertainty, expands U.S. and UK operations: Stewart Schaefer interview

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More than 1.3 million temporary work permits set to expire by the end of 2026, leaving small businesses scrambling: CFIB

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According to CFIB’s Monthly Business Barometer, skilled labour shortages remain the second highest constraint on sales and growth for 39% of small businesses.
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Specsavers appoints Jane Hoban as Managing Director to lead next phase of Canadian expansion

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Since entering the Canadian market in 2021, Specsavers said it has rapidly expanded to become one of the country's leading optical providers.
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Loblaw notifies customers of low-level data breach

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Loblaw Companies Limited is Canada’s food and pharmacy leader, as well as its largest retailer and private sector employer with more than 220,000 colleagues across the country.
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