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Canadian Retail News From Around The Web For July 23, 2024

OUR ARTICLES OF THE DAY

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Dollarama Delivers Strong Q3 Results as Valuation Tightens: Stifel

Dollarama posted strong Q3 FY2026 results driven by Canadian same-store sales growth, margin expansion, and Dollarcity momentum, according to Stifel.

Calgary’s Taste the City grows after Dragons’ Den boost

The service is designed for people who want an evening out without planning, reservations or payment hassles.

UFA Co-operative announces Farm and Ranch Supply store coming to Saskatchewan

UFA is based in Calgary and has been around for 116 years, serving about 150 locations across Western Canada, primarily through its petroleum business.

Hatch’d launches 1st location, marking debut of new breakfast QSR concept in Edmonton 

Hatch’d was created in response to a growing demand for quick-service options that don’t compromise on craftsmanship or freshness.

AI-powered charcuterie kiosk debuts at Calgary Co-op

With charcuterie still one of the highest-margin categories, shoppers are looking for guidance while deli teams are stretched thin.

Lululemon CEO Calvin McDonald to Exit as Board Seeks Reset

Lululemon CEO Calvin McDonald will step down in January after an earnings beat, amid U.S. weakness, founder criticism, and tariff pressures.

Toronto Waterfront Retail Gains New Momentum

Harbourfront’s growing attractions and year-round programming strengthen foot traffic and support new leasing opportunities.

Cadillac Fairview Partners with PayPal on Holiday Programming

PayPal Pay in 4 boosts foot traffic at Cadillac Fairview malls with new holiday activations, including the first sponsored tree at CF Toronto Eaton Centre.

Why Canada Should End the GST and HST on All Food

Removing GST and HST on all food could ease rising costs, reduce tax distortions, and support economic growth across Canada, says Sylvain Charlebois. 

The Webster to Close Toronto Store After Four Years

The Webster will close its Toronto boutique as new ownership under Frasers Group ends the retailer’s Canadian presence after four years in Yorkville.

Dollarama releases Q3 Fiscal 2026 results, sales rise by more than 22%

Sales increased by 22.2% to $1,909.4 million, compared to $1,562.6 million

Empire releases Q2 Fiscal 2026 results, net earnings rise

By the end of fiscal 2026, the company said it expects to complete the network renovations of approximately 20% to 25%, which began in fiscal 2024.

7-Eleven and Mastermind Toys Launch Holiday Collab

7-Eleven and Mastermind Toys team up for a holiday collaboration, bringing toys to convenience stores and snacks to Mastermind locations nationwide.

Edmonton-based O & O Group of Companies continues to expand in the hospitality sector

O & O is preparing to open its first Jimmy John’s location in Sherwood Park in mid-January and plans between 12 and 14 more outlets in the Edmonton region over the next two years.

Interac survey shows Canadian parents face holiday spending stress and grandparents are stepping up 

Interac said its transaction data forecasts that December 19, will be the busiest shopping day of the year, with 24.8 million Interac Debit purchases predicted.

% Arabica Opens First BC Café at CF Richmond Centre

% Arabica opens its first BC café at CF Richmond Centre as part of a growing expansion across Canada led by Accencis Group. Founder Kenneth Shoji discusses future Canadian expansion plans.
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