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Canadian Retail News From Around The Web For December 16, 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 several days.

Court approves The Body Shop Canada sale, over 600 jobs to lose as some stores close (Financial Post)

Loblaw’s Superstore reimagines the shopping journey with store redesign launch (Grocery Business)

The Canadian retailer that may become the next Costco or Walmart [Dollarama] (Livewire)

FreshCo opens first small format store, Empire says plans to expand store network overall (Grocery Business)

Will ‘tax holiday’ spur more Canadians to spend? Why some stores doubt it (Global)

Butter, cheese are hot commodities on black market (Global)

Canadian shopper claims Loblaw store is ripping people off on donation bags (BlogTO)

Canadian Retailer Haven Taps Levi’s for Premium Denim (Sourcing Journal)

Holiday tax break is a ‘pain in the butt’ for some Ontario retailers (CP24)

Farm Boy expands into household cleaning products with new and largest Toronto store (Grocery Business)

Improvements needed to plan for Place Versailles redevelopment, OCPM says (Montreal Gazette)

In an era of big box and online sales, Town of Carlyle shows how small biz can thrive (CBC)

Toronto influencer Allegra Shaw’s ‘it’ brand is making Ossington even cooler (Streets of Toronto)

Critics fear zoning change will bring bars, pot shops into neighbourhoods (Toronto Sun)

Patkau Architects branches into selling high-end furniture (Glacier Media)

Curated Digest

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Dior, Saint Laurent, and Moncler to Open Flagships at Yorkdale

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Dior, Saint Laurent, and Moncler will open flagship stores in Yorkdale’s new luxury wing, enhancing the mall’s status as Canada’s top luxury destination.
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October 2024 Canadian Retail Sales See 4.5% YOY Growth

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Canadian retail sales increased 4.5% YOY in October 2024, with strong growth in automotive and electronics sectors amid holiday spending trends.
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NorthBoys Opens at Hillcrest Mall with Plans for Expansion

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NorthBoys expands with a new store at Hillcrest Mall, offering upscale boys' clothing and plans for further growth across Canada.
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Canada’s GST Holiday Creates Challenges for Small Businesses

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Canada’s GST holiday burdens small businesses with complex IT updates, added costs, and regional inequities, creating challenges during the holidays.
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Bigger holiday budgets defy deal-hunting: JLL

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JLL says shopping centres remain the preferred avenue for holiday purchases.
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Retail sales climbed in October: Statistics Canada

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The largest increase in retail sales in October was observed at motor vehicle and parts dealers (+2.0%)
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Retail payroll employment on the rise: Statistics Canada

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Statistics Canada says overall payroll employment in the retail sector has generally trended downward since February 2024, with a net decline of 21,200 (-1.1%) over the period.
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How AI will reshape businesses in 2025: Google Cloud Canada

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Google Cloud says 2024 laid a strong foundation for the future of AI in Canada. 2025 will be a year of increased innovation, broader adoption, and even greater impact.
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Top 10 Food Stories Shaping Canada’s Agri-Food Sector

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Rock ‘N Karma Returns to Yorkville with New Cumberland St Store

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Canadian Shoppers Prioritize Value and Caution This Holiday

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Canadian shoppers report frugal spending, Black Friday fatigue, and growing reliance on physical stores amid economic uncertainty.
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Investment market activity in retail expected to heat up: Morguard

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Morguard says demand for retail space in the country’s most productive shopping centres and community strip centres outpaced supply as national and international retailers continued to expand their brick-and-mortar presences.
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Affordability the leading driver of purchasing decisions: Lightspeed

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Brunello Cucinelli to Annex Former Versace Space in Yorkville

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Brunello Cucinelli will expand its Toronto flagship by annexing Versace’s former Yorkville Avenue space, creating one of its largest stores globally.
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Understance Opens Third Store in Calgary’s Inglewood

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Understance opens its third Canadian store in Calgary’s Inglewood, with plans to grow to 30 locations across North America over the next five years.
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