Canadian Retail News From Around The Web For May 31st, 2024

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Fairstone Bank, Best Buy renew exclusive retail financing partnership

The renewed financing agreement continues a relationship between the two companies that has operated since 2020, with Fairstone Bank remaining the exclusive provider of point-of-sale financing for Best Buy Canada.

Absolutely Fabrics Expands in Toronto with Summerhill Flagship

Toronto fashion retailer Absolutely Fabrics is opening a 7,000-square-foot Summerhill flagship, adding menswear and expanding its curated multi-brand concept.

Plaza Retail REIT Draws Takeover Interest as Retail Space Tightens

Plaza Retail REIT draws takeover interest as tight retail supply, high occupancy and rising rents strengthen its Canadian property portfolio.

Luminaire Authentik Opens Toronto Flagship, Plans Canadian Expansion

Luminaire Authentik has opened a Toronto flagship in the King East Design District as the Quebec lighting manufacturer plans further Canadian expansion.

Montréal tourism season on track for record year as hotel demand, business travel rise

Hotel occupancy reached 82 per cent from May through July, seven percentage points higher than during the same period in 2025.

Leon’s Eyes Western Canada Expansion as The Brick Targets Atlantic Growth

Leon’s sees expansion opportunities in Western Canada while The Brick targets Atlantic growth as LFL Group adds stores and tests new retail formats.

Daily Synopsis: Aug 13, 2026

Pajar expands, Metro converting 10 stores to Food Basics, Canadian Tire reports results, Pet Valu aims for 1200 stores, Nespresso unveils new concept store, and other news.

INDOCHINO announces 10 new US showrooms coming in 2027, largest investment in standalone retail in years

Growth announcement follows six consecutive quarters of positive EBITDA, and a record quarterly EBITDA in Q2 2026

Nespresso Canada continues its boutique transformation with reopening of CF Sherway Gardens

The Sherway Gardens boutique marks the latest milestone in Nespresso Canada's continued investment in retail excellence, following the opening of the Willowbrook boutique in Langley, British Columbia, and the reopening of the Oakridge boutique in Vancouver, British Columbia, and the Ste-Foy boutique in Québec City, Québec.

METRO to Convert 10 Ontario Stores to Food Basics

METRO will convert 10 Ontario Metro stores to Food Basics as value-focused consumers drive stronger demand for discount grocery.

IKEA Canada to launch limited-edition KONSTRUNDA art collection

The KONSTRUNDA collection brings together glass objects, ceramics, furniture and textiles, with IKEA positioning the range as an effort to make art more accessible through everyday home furnishings.

Morguard Advances Mall Redevelopments as Retail Leasing Strength Continues Across Canada

Morguard REIT is redeveloping former Sears and Hudson's Bay spaces with retailers including Uniqlo, Sport Chek, No Frills and Splitsville as retail occupancy and leasing momentum improve across its Canadian shopping centre portfolio.

Pet Valu Sees Room for 1,200+ Stores Across Canada

Pet Valu sees room for more than 1,200 stores across Canada as it expands in Alberta, Quebec and underserved rural markets.

Pajar Acquires GGB as North American Expansion Accelerates

Pajar Canada acquires GGB, taking over U.S. distribution of Melissa and Mini Melissa as its North American footwear business expands.

Canadian Tire Corporation reports Q2 2026 results, strong SportChek performance due to World-Cup related demand

Overall retail sales grew to $5,391.6 million, up 4.5%, compared to the second quarter of 2025.

Columbia Sportswear Navigates Softer Canadian Wholesale Sales

Columbia Sportswear reported lower Canadian sales in the second quarter as wholesale orders softened and shipment timing affected results, while the company continues investing in footwear, digital channels and a broader brand repositioning strategy.

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