Canadian Retail News From Around The Web For July 11th, 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 to increase annual membership fee to $65 this September (The Canadian Press)

Hudson’s Bay store in Winnipeg’s Polo Park closed temporarily due to what chain calls strain on cooling system (CBC)

Why are some B.C. Hudson’s Bay stores closed? Company says it’s working on it (Global)

What temporary closures of The Bay could tell us about the future of department stores (CBC)

Ford digs in on booze sales expansion plan as LCBO strike drags on (CBC)

There’s a vintage shop inside a vintage shop at this labyrinthine Toronto store (Streets of Toronto)

Major Western Canada wholesaler FCL still dealing with cyberattack (Star Phoenix)

Cozey Brings To Vancouver Its Pop-Up Store (Newswire)

Retail deal for $79 million reflects returning interest of institutional investors in Calgary market (LiveWire)

‘Theft and violence will not be tolerated’: Province boosts funding for Winnipeg retail theft initiative (CBC)

Curated Digest

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Winnipeg retail market attracting major new brands to CF Polo Park: GM interview

Mario Toneguzzi -
CF Polo Park is preparing for a T&T Supermarket in 2028 as the Winnipeg shopping centre adds new retailers, expands existing stores and reports strong sales and traffic.
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Giorgio Armani Opens Only Standalone Canadian Boutique and First Armani/Caffè at Oakridge Park

Craig Patterson -
Giorgio Armani has opened its only standalone Canadian boutique and the country's first Armani/Caffè at Vancouver's Oakridge Park. Amachris constructed the boutique and café, while DWSV Realty handled the leasing transaction.
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Gentle Monster Opens at Holt Renfrew Vancouver as Luxury Boutique Mix Changes

Craig Patterson -
Gentle Monster opened at Holt Renfrew Vancouver on October 30 with an installation of three moving sculptural heads. The opening comes as Brunello Cucinelli relocates its women's boutique and Tiffany & Co. and Loewe shift their Vancouver retail presence.
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CF Chinook Centre prepares new retail announcements as major leasing deals advance

Mario Toneguzzi -
Calgary’s CF Chinook Centre is nearing new retail deals for its former Hudson’s Bay space while advancing plans for the former Saks and Nordstrom locations.
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The Magnum Ice Cream Company Launches Yasso Frozen Greek Yogurt Brand in Canada

Mario Toneguzzi -
The Magnum Ice Cream Company brings Yasso frozen Greek yogurt to Canada, launching four products exclusively at Loblaw ahead of a nationwide expansion in 2027.
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Canadian employment holds steady in October as wholesale and retail trade shed 29,000 jobs: Statistics Canada

Mario Toneguzzi -
Statistics Canada reports a 1 per cent monthly decline in wholesale and retail trade employment in October, while the national unemployment rate edged up to 6.7 per cent.
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CFIB Criticizes Federal Budget 2026 for Failing to Deliver Tax Relief and Tariff Support for Small Businesses

Mario Toneguzzi -
CFIB calls Budget 2026 a disappointment for small businesses, while Restaurants Canada highlights investment incentives, tax simplification and affordability measures that could benefit the restaurant industry.
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Cineplex reports record $440.2M quarterly revenue as adjusted EBITDA more than doubles

Mario Toneguzzi -
Cineplex posted record third-quarter revenue and box office sales in 2026, while reporting stronger cash flow and launching a strategic review that includes a potential sale of the company.
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News

Sephora to Reach 150 Canadian Stores as Prestige Beauty Competition Intensifies

Craig Patterson -
Sephora will open its 150th Canadian store in Oakville on November 13 as it expands into neighbourhood retail, adds luxury skincare brands and faces growing competition from Shoppers Drug Mart.
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News

Canada Goose Faces Deeper Comparable Sales Declines as Winter Shoppers Delay Purchases

Craig Patterson -
Canada Goose reported a 7.5% decline in comparable sales during its second fiscal quarter, with weakness continuing into October as warmer weather delayed winter apparel purchases. Canadian sales held steady while gross margins improved.
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Curated Digest

Daily Synopsis: November 5, 2026

Retail Insider -
Crombie acquires 13 Ontario retail properties, FreshCo opens first Vancouver store, SportChek closes second Vancouver store, Flying Tiger opening more Ontario stores, Victoria's Market Square comes to market, and other news.
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Leon’s Furniture reports higher third-quarter profit despite lower sales

Mario Toneguzzi -
Leon’s Furniture reported a 1.2 per cent increase in third-quarter net income as revenue declined 0.9 per cent, with inventory delays weighing on furniture sales and a property sale boosting earnings.
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Kits Eyecare reports record third-quarter revenue as glasses sales climb 59%

Mario Toneguzzi -
Vancouver-based Kits Eyecare posted record third-quarter revenue of $63.7 million, supported by higher glasses sales, repeat customer growth and increased operating cash flow.
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Apple’s AI Strategy Is Reshaping Its Hardware and Services Economics

Lee Rivett -
Apple generated US$478.8 billion in fiscal 2026 revenue as rising memory prices and AI computing costs put pressure on margins. Its strategy includes paid AI services, enterprise applications and new advertising opportunities for Canadian retailers.
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Primaris Expands Méga Parc with $1 Million Atlas Mini-Golf Attraction

Craig Patterson -
Primaris REIT is opening the nearly $1-million Atlas Mini-Golf attraction at Méga Parc in Quebec City. New interviews reveal the landlord's entertainment strategy, projected operating revenue, growing events business and plans for further investment in 2028.
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News

Samsung Canada Takes Smartphone Rivalry to the Streets with Three-City Billboard Campaign

Craig Patterson -
Samsung Canada deployed mobile digital billboards in Toronto, Vancouver and Montreal as part of a rapid-response campaign promoting its Galaxy Z Fold8. Samsung executive Christian Di Vincenzo explains the retail strategy, Edelman's role and the company's reported results.
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