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Bakebe Baking Studio Opening 1st Canadian Location in Markham

Photo: Bakebe

Bakebe, the Hong Kong-founded experiential baking studio that has made waves across Asia, is entering the Canadian market this fall. The innovative co-baking concept, created by celebrity entrepreneur Venus Chi, will debut at CF Markville Mall in Markham, north of Toronto. This marks Bakebe’s first Canadian location and the beginning of what could be a broader expansion into North America.

Founded in 2018, Bakebe has pioneered what it calls “co-baking,” where guests can create professional-quality cakes guided by an interactive app. The model has proven popular in Hong Kong, Malaysia, and the Philippines, where Bakebe has become a go-to destination for celebrations, group outings, and social media-worthy experiences.

“Toronto is incredibly diverse, creative, and family-oriented. It felt like the perfect city to introduce Bakebe in North America,” said founder Venus Chi in an interview with Retail Insider. “Markville Mall was an exciting choice because it’s a high-traffic, well-loved retail hub that’s actively embracing experiential concepts. It gives us a great launchpad into the Canadian market.”

Venus Chi, founder of Bakebe. Photo: Bakebe

A New Model for Baking Experiences

The Bakebe concept was born out of Chi’s frustration with traditional baking classes. After a disappointing experience in which a class she booked was cancelled, she experimented with self-teaching via YouTube. The outcome, however, was a costly waste of ingredients and time. “I realized that so many people love the idea of baking, but they’re intimidated by the process, or they don’t have the tools or space,” she said.

Bakebe solves that problem with its app-driven system. Guests select a recipe from a tablet, follow detailed step-by-step video and graphic instructions, and bake in a premium, Instagram-worthy studio environment. Every tool and ingredient is provided, and trained staff remain available to help if needed. The model has been refined over the years to ensure what Chi describes as a 95% success rate, with health-conscious, low-sugar recipes and cakes designed to be both beautiful and approachable for beginners.

“Unlike a traditional baking class, Bakebe is completely self-guided through our custom app, which means guests can move at their own pace—solo or with friends,” said Chi. “It’s an experience that’s both structured and creative.”

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From Hong Kong to Global Expansion

Bakebe has steadily grown beyond its flagship in Hong Kong, where it became known as a haven during the pandemic. For many, it was a therapeutic outlet in an otherwise stressful urban environment. The studios proved adaptable, serving as spaces for birthdays, proposals, dates, and team-building events.

“We realized this concept had universal appeal,” Chi explained. “So we expanded to Malaysia and the Philippines, where we tailored the experience slightly to fit local tastes and preferences. Each new location brought fresh insights that helped us refine the model further.”

The Canadian debut represents Bakebe’s entry into Western markets and a strategic step toward expansion in North America. According to Chi, the team is already scouting additional sites in Vancouver, Montreal, and Calgary.

“Canada is a great testing ground with a lot of cultural overlap with the U.S., and the insights we gain here will help shape how we grow across the continent,” she said.

Photo: Bakebe

Inside the Markville Studio

The new Bakebe at CF Markville will closely mirror the brand’s Asian studios while incorporating localized elements. The interior design blends café aesthetics with studio functionality, aiming for what Chi describes as an “Instagram dream.” Guests will find bright interiors, fully equipped baking stations, and a premium atmosphere intended to encourage creativity.

When arriving, customers select from a menu of recipes, ranging from whimsical themed cakes to elegant multi-layer creations. After choosing, they don their aprons and begin the project. The app provides step-by-step guidance with timers and visuals, ensuring even beginners can produce professional-looking results.

At the end of the session, cakes can be enjoyed on-site or taken home. The experience is designed for flexibility, accommodating individuals, couples, families, and groups. “Bakebe is multi-generational and inclusive. It’s really for anyone who wants a fun, creative, hands-on experience,” said Chi.

Positioned at the Heart of Experiential Retail

Bakebe’s arrival in Canada highlights a broader shift in retail toward experience-driven concepts. Shopping centres are increasingly curating tenants that offer more than just products, responding to consumer demand for activities and social engagement.

“Bakebe sits right at the center of experiential retail, because it’s not just about what you buy—it’s about what you do,” said Chi. “People crave experiences they can share, remember, and learn from. Bakebe turns a retail space into a creative playground, and that aligns perfectly with how malls and shopping centres are evolving.”

This shift is particularly relevant for Markville, a centre that has actively embraced food, entertainment, and lifestyle concepts alongside traditional retail. For Bakebe, the location provides both visibility and an audience aligned with its target demographic of young families, students, professionals, and social groups.

Photo: Bakebe

Group Events and Social Celebrations

One of the most successful drivers of Bakebe’s growth in Asia has been its popularity as a venue for group activities. Guests book sessions for birthdays, bridal showers, anniversaries, and corporate team-building events. The Canadian studio will emphasize this same role, marketing itself as a go-to destination for celebrations and social gatherings.

“We’ve seen parents book sessions for their kids, couples come for date nights, and companies host team-building events,” Chi said. “Bakebe is designed to be more than just a studio—it’s a space where people create memories together.”

The experience also taps into the growing appeal of “edutainment” for children, where activities combine learning and fun. For parents seeking alternatives to traditional party venues, Bakebe offers a hands-on activity with a delicious reward at the end.

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Technology Meets Creativity

Bakebe’s app is central to its success, providing a structure that makes baking accessible without removing creativity. Each recipe is broken into clear, visual instructions, with video clips personally developed and edited by Chi to ensure clarity.

“The app breaks everything down into easy-to-follow instructions, so even beginners can get great results,” she said. “But there’s always room for customization—whether it’s how you decorate, how you plate your creation, or what flavours you add. It’s like paint-by-numbers, but for baking.”

This fusion of technology and creativity is what sets Bakebe apart, giving it an advantage over both traditional classes and static café concepts.

Photo: Bakebe

Partnerships and Support in Canada

The Canadian launch is being supported by Accencis, a partner with expertise in both real estate and brand-building. “Accencis has been an incredible partner in bringing Bakebe to Canada,” said Chi. “They understand both the real estate side and the brand-building side, and they’ve helped us localize the experience while staying true to our core.”

With their backing, Bakebe is planning not only to introduce its concept in Toronto but to build the operational framework for future Canadian locations.

Looking Ahead: Expansion and Evolution

While cakes remain Bakebe’s signature, Chi is already exploring ways to expand the brand into adjacent creative and culinary activities. “We want Bakebe to be a hub for creative expression—not just baking,” she said. Future possibilities include workshops in dessert-making, edible art, floral cake decorating, and even DIY drink pairings.

The long-term goal is to keep evolving with the needs of its community, positioning Bakebe as both a retail concept and a lifestyle experience. Success, according to Chi, is measured less by revenue and more by resonance. “Are people coming back? Are they sharing their experience? Are we becoming part of the local culture and community? That’s how we measure success,” she said.

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JD Sports to Open Downtown Montreal Flagship

Future JD Sports at 777 Ste-Catherine St. W. in downtown Montreal. Photo: Victor DiLallo Balsis

JD Sports is preparing to launch a massive flagship store in downtown Montreal, continuing its rapid Canadian expansion with one of its largest retail investments in the country to date. The UK-based sports fashion giant has secured the landmark property at 777 Ste-Catherine Street West, with an opening slated for 2026.

The three-level, 26,000-square-foot store will represent a defining move for JD Sports in Quebec, further strengthening the brand’s presence in Canada. Jordan Karp, EVP and Head of Retail Services in Canada at Savills Canada represented JD Sports in the lease deal. Karp and Manon Parisien of Aurora Realty Consultants co-listed the property owned by landlord Pontegadea, the global real estate arm of Inditex founder Amancio Ortega. Pontegadea owns the building, which is one of the most prominent retail assets in Montreal.

The site at 777 Ste-Catherine Street West holds a commanding corner position at McGill College Avenue, offering prime visibility in Montreal’s busiest retail corridor. The building features over 54 feet of frontage on Ste-Catherine and 120 feet on McGill College, ensuring exposure to thousands of daily pedestrians.

The property was previously home to Banana Republic, which shuttered its flagship store there in 2021, leaving one of the city’s most visible retail vacancies. Retail Insider previously profiled the property, noting its potential for large-format tenants and its proximity to anchors such as Holt Renfrew Ogilvy, Simons, and the under-construction Apple flagship.

With its large open floor plates, flexible design, and location near major office towers and McGill University, the building is regarded as one of Montreal’s most marketable retail properties. The arrival of JD Sports will restore the site’s flagship status, enhancing the momentum of Ste-Catherine Street West’s ongoing transformation.

Future JD Sports at 777 Ste-Catherine St. W. in downtown Montreal. Photo: Maxime Frechette

Flagship Potential for Montreal

The new JD Sports Montreal flagship at 777 Ste-Catherine West will span three levels, offering a multi-brand retail showcase that aligns with the company’s global strategy. In international markets, JD Sports flagships in London, Paris, Vancouver and New York have become destinations for sports fashion enthusiasts, and the Montreal location is expected to follow suit.

By occupying one of Montreal’s most visible retail corners, JD Sports will be positioned to capture both local shoppers and the large student population nearby. Its format will emphasize exclusive releases, community engagement, and experiential activations that reflect the brand’s identity as a trend-driven leader in sportswear.

The opening will also bolster Montreal’s growing cluster of sports and lifestyle brands along Ste-Catherine Street West, which already includes Nike, Adidas, Lululemon, and the recently added New Balance flagship.

JD Sports flagship store at 1042 Robson Street in downtown Vancouver. Photo: JD Sports

JD Sports’ Canadian Expansion

The Montreal flagship is part of JD Sports’ broader push to establish itself as a leader in Canada’s sportswear market. Since opening its first Canadian stores in 2021, the company has grown quickly through both mall-based and street-front locations.

In June 2025, JD Sports opened its first Canadian flagship on Vancouver’s Robson Street, a two-level immersive retail environment showcasing exclusive brand collaborations, large-scale LED installations, and interactive shop-in-shops for Nike, Adidas, and New Balance. The Montreal flagship will follow a similar experiential model, bringing the company’s global flagship formula to Quebec.

As of mid-2025, JD Sports operated 35 stores across the country, with plans to reach 80 to 100 within five years of entry. Upcoming store openings will include both shopping centre locations and high-profile urban flagships. Downtown Toronto is widely expected to be a future flagship market, with potential sites including Bloor Street, CF Toronto Eaton Centre, or Queen Street West.

Future JD Sports at 777 Ste-Catherine St. W. in downtown Montreal. Photo: Maxime Frechette

Ste-Catherine Street’s Transformation

The flagship opening comes at a time of renewed investment and revitalization along Ste-Catherine Street West. Montreal’s central shopping artery has seen a wave of new store openings in 2025, including Sephora’s second downtown location, Chico pet supplies, Marché Floh vintage fashion, and Rodd & Gunn menswear. Experiential cafés and independent boutiques have also arrived, contributing to the district’s retail diversity.

The City of Montreal continues to advance a multi-phase streetscape improvement program designed to enhance the pedestrian experience. Wider sidewalks, additional greenery, new plazas, and upgraded street furniture are being installed, while underground infrastructure is being modernized. These efforts have contributed to strong pedestrian traffic, particularly on evenings and weekends.

The addition of JD Sports will further amplify this momentum, strengthening Ste-Catherine Street’s position as one of Canada’s most competitive retail corridors.

Globally, JD Sports has established itself as a dominant force in sports fashion retail, with thousands of stores spanning Europe, North America, Asia, and Australia. Listed on the FTSE 100 Index, the company reported revenues of £5.94 billion in 2025, up 18 percent year-over-year.

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PetSmart launches monthly pet birthday events

Credit: PetSmart (PRNewsfoto/PetSmart Canada)

PetSmart Canada is introducing a new monthly in-store celebration for pet birthdays and gotcha days at all of its locations nationwide.

According to new survey data released by the company, 75 per cent of Canadian pet parents celebrate their pet’s birthday or gotcha day, while 47 per cent wish they could do more.

To meet that interest, PetSmart is rolling out its Birthday + Gotcha Bash events, which will take place once a month at stores across the country. The gatherings will feature free treats, fun activities and a $5 off birthday coupon, available exclusively to attendees.

Bradley Breuer
Bradley Breuer

“Every pet deserves to be celebrated, especially on their birthday or gotcha day,” said Bradley Breuer, vice-president of marketing at PetSmart. “PetSmart’s Birthday + Gotcha Bash celebrations are designed to make those special days unforgettable, turning milestones into joyful moments. We’re excited to help make every pet feel like the guest of honour.”

Upcoming event dates include Oct. 4, Nov. 8 and Dec. 7, 2025. Events will be held in all Canadian PetSmart stores, as well as locations in the U.S. and Puerto Rico, while supplies last.

The retailer has more than 160 stores across Canada.

Pet owners are also encouraged to join the PetSmart Treats Rewards program and update their profiles with their pet’s information to receive birthday offers and gotcha day surprises.

Party supplies and celebration essentials are available for purchase at PetSmart.ca.

The survey was conducted by the Angus Reid Forum between Sept. 18 and 22, 2025, and included a representative sample of 1,010 English-speaking Canadians. The survey has a margin of error of +/- 3.1 percentage points, 19 times out of 20.

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Tim Hortons raises $942K for Indigenous groups

Tim Hortons in CF Market Mall (Image: Mario Toneguzzi)

Tim Hortons says its fifth annual Orange Sprinkle Donut campaign has raised $942,000 for Indigenous organizations across Canada.

Held annually on Sept. 30, the initiative donates 100 per cent of proceeds from Orange Sprinkle Donut sales to five Indigenous organizations: Orange Shirt Societythe Gord Downie & Chanie Wenjack Fundthe Indian Residential School Survivors Society (IRSSS)Ulnooweg Education Centre, and in Quebec, the New Pathways Foundation.

The fundraising campaign was created in 2021 by a group of Indigenous Tim Hortons restaurant owners. Since its inception, it has raised more than $5.3 million.

Hope Bagozzi
Hope Bagozzi

“Thank you for helping us raise $942,000 in just one day for Indigenous organizations,” said Hope Bagozzi, chief marketing officer for Tim Hortons. “The incredible support from guests and Tims restaurant owners is a testament to how we can all come together to make a difference.”

Shannon Henderson, chief operating officer of the Orange Shirt Society, said the campaign represents more than financial support.

“We are deeply moved by Tim Hortons continued dedication to the Orange Shirt Society through the Orange Sprinkle Donut campaign,” said Henderson. “Your generosity is more than a donation — it’s a powerful act of reconciliation and remembrance. These contributions help us sustain meaningful programs that uplift Indigenous voices, educate communities, and support healing across generations. Thank you for standing with us and helping ensure that Every Child Matters.”

Tim Hortons Orange Sprinkle Donut campaign raised $942,000 for Indigenous organizations (CNW Group/Tim Hortons)

The Gord Downie & Chanie Wenjack Fund said the campaign helps extend the reach of its educational programs.

Sarah Midanik
Sarah Midanik

“With support from the Orange Sprinkle Donut campaign, the Gord Downie & Chanie Wenjack Fund is reaching more than 9,500 educators from coast to coast to coast through our Legacy Schools program,” said Sarah Midanik, president and CEO. “This year, as we commemorate the 10th anniversary of the Truth and Reconciliation Commission’s Final Report and 94 Calls to Action, Tim Hortons continued support enables us to broaden our reach and create meaningful opportunities for educators and students to respond to the Calls to Action.”

Angela White
Angela White

Angela White, executive director of the Indian Residential School Survivors Society, said the support helps address increasing demand for services.

“IRSSS is honoured to once again be a beneficiary of the Orange Sprinkle Donut campaign, and we are grateful to Tim Hortons and their guests across Canada for this generous support,” said White. “The demand for our services continues to grow each year, and this partnership helps ensure we can reach more communities, including remote areas, with the healing resources they need today and for generations to come.”

At the Ulnooweg Education Centre, the funds contribute to youth-focused cultural programming.

Chris Googoo
Chris Googoo

“Our partnership with Tim Hortons’ Orange Sprinkle Donut campaign helps us create spaces where Indigenous youth can grow together,” said Chris Googoo, chief operating officer. “These camps encourage confidence, culture, and connection, ensuring that Indigenous youth leave with stronger community ties and a brighter outlook for the future.”

Marie-Claude Cleary
Marie-Claude Cleary

Marie-Claude Cleary, general manager of the New Pathways Foundation, said the campaign directly impacts First Nations youth in Quebec.

“The New Pathways Foundation wishes to express its deep gratitude to the Tim Hortons family who, year after year, support First Nations youth with heart through this meaningful campaign,” said Cleary. “Thanks to this commitment, we are able to continue our mission and offer youth from First Nations communities in Quebec opportunities that truly match their dreams.”

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Cozey launches Vela and Ushi dining collections

Vela Dining Collection (CNW Group/Cozey Inc.)

Cozey has entered the dining room furniture market with the launch of its new Vela and Ushi Dining Collections, says the company.

The Montreal-based furniture brand said the launch reflects a significant step in its expansion strategy, extending its offerings beyond living and outdoor spaces.

Frédéric Aubé
Frédéric Aubé

“This is an exciting moment for us,” said Frédéric Aubé, founder and CEO of Cozey. “While earlier this year, we expanded our outdoor collection, Mistral, to include dining, this launch brings us into entirely new territory, inside the home. We’ve brought the same modular innovation and Cozey design principle to the dining space with collections that are stylish, flexible, and made to evolve with our customers’ needs and lifestyles.”

Both dining collections emphasize Cozey’s design principles of adaptability, simplicity and modern living. The company said the pieces are rooted in Japandi and mid-century modern styles, with each collection intentionally designed to be interchangeable for flexible styling options.

According to Cozey, the modular features of the new lines include expandable dining tables and removable, machine-washable seating covers. The goal, the company said, is to offer customers the ability to personalize and adjust their dining spaces as needed.

Ushi Dining Collection (CNW Group/Cozey Inc.)

The Vela Dining Collection extends Cozey’s existing Vela line and includes a multi-functional bench that can be used in any room of the home. The Ushi Dining Collection, while compatible with Vela chairs and benches, introduces a new design with softer, rounded lines inspired by mid-century aesthetics.

Both collections are available in walnut and oak finishes and seat four to six people, with optional extensions available. Seating covers come in seven colour options: Sage, Lemon Zest, Ash, Cerulean, Parchment, Snowdrift and Nightfall. Fabrics include Chenille, the company’s patented Aquaforte™ (stain-resistant and waterproof), and a newly developed durable bidirectional weave.

Prices for the new dining sets start at US$1,260 for standard four-person seating.

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UNIQLO opens its 3rd store in Calgary at CrossIron Mills

Uniqlo at CF Chinook Centre (Image: Mario Toneguzzi)

Global apparel retailer UNIQLO will open its sixth store in Alberta at 10 am Friday October 3, with opening events highlighting the brand’s commitment to the local community.

Spanning over 15,000 square feet, UNIQLO CrossIron Mills Mall, just outside of Calgary, will showcase UNIQLO’s unique customer experience and LifeWear lineup for men, women, and kids, said the retailer.

The brand also has stores in Calgary at CF Chinook Centre and CF Market Mall.

“To celebrate the opening of CrossIron Mills, the brand has planned a weekend of festivities for the community, including limited in-store offers, a commemorative gift with purchase for in-store shoppers, and so much more. The opening celebration will include a ribbon-cutting ceremony, a taiko drumming performance by Yama no Oto, complimentary madeleines from world-famous Japanese bakery Uncle Testu, and free coffee from local roaster De Mello for the first 300 customers,” it said.

“In addition, the first 100 customers will receive a UNIQLO-branded stainless steel water bottle. Also, throughout the opening weekend, customers can test their luck and spin the UNIQLO Garapon Wheel, a Japanese lottery game full of surprise and excitement, for a chance to win such exclusive prizes as Instax Mini Cameras, UNIQLO-branded Kinto Water Bottles, Pocky snacks, and Ito or En Oi Ocha Green Tea.”


Opening Day Schedule: 
9:15 am – First 300 customers in line will receive complimentary madeleines and
coffee
9:35 am – Yama No Otto Taiko Performance
9:45 am – Opening Speeches
9:55 am – Ribbon Cutting Ceremony
10:00 am – Doors Open to Customers 

Grand Opening Ceremony at Uniqlo CF Chinook Centre (Image: CF Chinook Centre)


“Since opening this first location in Toronto in 2016, the brand has offered a unique guest experience with its innovative lineup of LifeWear, simple, high-quality, everyday clothing thoughtfully crafted with life’s needs in mind and constantly evolving to modern life. Through the lens of innovation, LifeWear is designed to make everyone’s life better. UNIQLO CrossIron Mills will continue offering the current LifeWear apparel lineup for men, women, kids, and babies, seasonal collaborations, and the UT (UNIQLO T-shirt) range of graphic T-shirts and other items,” explained the retailer.

“As with elsewhere in the world, CrossIron Mills is part of the UNIQLO global business model that seamlessly combines its retail stores’ world-class shopping and service experience with the
complementary convenience of its uniqlo.com online store. UNIQLO opened its first store in Hiroshima in 1984 and now has over 2,500 stores worldwide, including 34 in Canada, and online at UNIQLO.ca.”

The company said it creates LifeWear apparel based on the Japanese values of simplicity, quality, and longevity.
LifeWear offers timeless designs, supreme fit, and comfort, and is shaped by customer needs to improve their daily lives.

UNIQLO is a brand of Fast Retailing Co., Ltd., a leading Japanese retail holding company with global headquarters in Tokyo, Japan. UNIQLO is the largest of eight brands in the Fast Retailing Group, the others being GU, Theory, PLST, Comptoir des Cotonniers, Princesse tam.tam, J Brand and Helmut Lang.

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Peavey Mart Returns with Prairie Relaunch in Fall 2025

Peavey Mart in Red Deer, Alberta (Image: Peavey Mart)

Peavey Mart, once one of Canada’s most recognizable farm and ranch retailers, is preparing to relaunch in Western Canada this fall after shuttering all 90 of its locations earlier in 2025. Backed by a new group of investors under the name 2707162 Alberta Ltd., the revived retailer will open four Alberta stores in Spruce Grove, Westlock, Camrose, and Lacombe in late 2025, with plans to expand into other prairie markets as capital and operational momentum grow.

The relaunch marks a dramatic turnaround for a brand with deep prairie roots that abruptly disappeared earlier this year. Once celebrated for serving farmers, ranchers, acreage owners, and homesteaders, Peavey Mart’s nationwide closure left a gap in rural communities that had relied on it for decades.

“We know that the closure of Peavey Mart stores left a gap for many customers,” said Doug Anderson, who is part of the leadership team behind the relaunch. “Our investors and ownership group recognizes the importance of Peavey Mart in the Canadian retail landscape, and we’re grateful for the opportunity to relaunch the brand in these communities.”

A Leaner, More Focused Strategy

Unlike its previous iteration, which pursued a national presence with 90 locations, the new Peavey Mart will focus on a smaller, regional footprint. The ownership group has outlined plans to open between seven and twelve stores in Alberta and Saskatchewan, rebuilding the business with more financial discipline and an emphasis on profitability.

Kurt Schultz, Lead Merchant and a member of the new operations team, noted that the relaunch will centre on Peavey Mart’s traditional core customers. “We’re bringing back the Peavey Mart that people know and love,” he said. “A Peavey Mart focused on the needs of the farmer, rancher, acreage owner, homeowner and homesteader, with a strong emphasis on providing value for dollars spent in our stores.”

That model will be supported by a new 40,000-square-foot distribution facility in Red Deer County, designed to handle supply chain needs and ensure consistency in operations. Recruitment has already begun for warehouse staff and store-level employees, with information posted on the company’s careers website.

When doors reopen, customers will find many of the brands they once associated with Peavey Mart returning to shelves. Labels such as Harvest Goodness, Rolling Acres, Scotts, Dickies, Pit Boss, and Shell are expected to feature prominently. At the same time, the new ownership group has pledged to emphasize high-quality, unique, and locally sourced items that reflect the entrepreneurial character of Western Canada.

Liquidation signs at Peavey Mart’s former Red Deer store on Saturday, January 25, 2025. Photo: Joel Graham via Facebook

Lessons from Collapse and Path to Recovery

Peavey Mart’s sudden downfall in early 2025 sent shockwaves through the Canadian retail industry. Parent company Peavey Industries LP sought creditor protection under the Companies’ Creditors Arrangement Act (CCAA) after struggling with soaring inflation, supply chain challenges, and weakening consumer confidence. At its peak, the chain had nearly 100 outlets across Canada, including 90 Peavey Mart stores and six MainStreet Hardware locations.

Store closing sales began in February 2025, leaving thousands of employees and loyal customers in limbo. For rural communities in particular, the disappearance of the retailer created immediate challenges, as alternatives for agricultural and homesteading supplies were limited.

By April 2025, investors moved to secure the rights to the Peavey Mart name and intellectual property with the intention of preserving the brand in a more sustainable format. The approach, targeting a smaller set of profitable prairie markets rather than a national footprint, reflects an effort to avoid repeating past missteps.

Building an Agile Business Model

A recurring theme in the relaunch is agility. The ownership group has emphasized the importance of creating a culture that allows for quick pivots and close collaboration between store teams, distribution staff, and office leadership.

“Creating an agile business model is critical to our success,” Schultz explained. “This will ensure we can pivot quickly to meet customer expectations and build a profitable operation that lasts.”

Anderson echoed the sentiment, noting that the company’s mandate is to ensure a collaborative approach that adapts to customer needs while maintaining financial discipline. By scaling growth carefully and avoiding heavy debt loads, the ownership group hopes to create a leaner and more resilient version of Peavey Mart.

While the first four stores will open in Alberta, expansion into Saskatchewan is already under consideration. As a second group of investors joins the ownership structure, more locations in historically strong markets are expected to follow.

The relaunch strategy suggests a slow and deliberate growth trajectory, with each new store evaluated for long-term sustainability. Unlike the aggressive expansion of the past, the new Peavey Mart will prioritize community demand and operational stability over sheer scale.

A Legacy of Prairie Retailing

Peavey Mart’s legacy stretches back to 1967, when it began serving prairie customers with hardware, tools, and agricultural supplies. Its identity has long been tied to grit, resilience, and the rural way of life in Western Canada. That cultural connection, combined with decades of customer loyalty, makes the relaunch an emotionally charged one for both communities and employees.

The company’s emphasis on returning to its roots reflects an awareness that Peavey Mart’s value proposition lies in serving everyday needs of rural Canadians rather than competing directly with larger national chains.

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Rental industry growth slows to 2.5% in 2024: Statistics Canada

Photo: Statistics Canada
Photo: Statistics Canada

The consumer goods rental and general rental centres industry groups saw a slowdown in revenue growth in 2024 following two consecutive years of double-digit increases, according to new data released by Statistics Canada.

Total operating revenues for the industry rose by 2.5 per cent to $3.9 billion in 2024. Operating expenses increased at the same rate, reaching $3.1 billion, while the overall operating profit margin remained steady at 21.2 per cent.

Ontario accounted for the majority of industry activity, contributing 60.9 per cent of total operating revenues and 77.7 per cent of the nominal growth in 2024. British Columbia, Alberta and Quebec together represented 14.3 per cent of the growth, with the remaining 8.1 per cent coming from other provinces and territories.

Individuals and households made up the largest customer base for the sector, generating 66.3 per cent of sales in 2024. This marked a slight decrease of 0.9 percentage points from 2023. Businesses accounted for 29.3 per cent of sales, while governments, not-for-profit organizations, public institutions and foreign clients made up the remaining 4.3 per cent.

The three largest components of operating expenses in 2024 were salaries, wages, commissions and benefits (28.9 per cent), amortization and depreciation (21.6 per cent), and the cost of goods sold (15.9 per cent).

The consumer goods rental industry group, which primarily rents or leases personal and household goods such as electronics, furniture and appliances, reported operating revenues of $3.0 billion in 2024, an increase of 2.8 per cent from the previous year. Operating expenses for the group rose 2.6 per cent to $2.3 billion, resulting in an operating profit margin of 23.4 per cent.

The general rental centres industry group, which rents consumer, commercial and industrial equipment, recorded operating revenues of $879.8 million in 2024, up 1.6 per cent. Operating expenses rose to $758.3 million, yielding a profit margin of 13.8 per cent.

Statistics Canada noted a modest rise in residential construction investment, with housing starts in the first half of 2025 up 2.3 per cent over the same period in 2024.

Looking ahead, the agency stated, “The consumer goods rental sector may be positively affected by lower interest rates, with the Bank of Canada cutting its policy rate by 2.25 percentage points since June 2024, along with easing inflationary pressures.”

Statistics Canada said a complete financial picture for the 2025 reference year will be available when survey data are published in 2026.

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Exploring the Benefits of Asset Tracking Systems

Effective asset management has become essential for businesses today that do all they can to ensure increased productivity while minimizing loss. Asset tracking systems provide businesses with real-time visibility and control over their assets. In this article, we will discuss the benefits these systems offer to businesses, regardless of size.

Enhanced Efficiency

These systems can help you fast-track your asset tracking by automating the processes involved in asset management, increasing operational efficiency. Manual tracking is prone to errors, time-consuming, and expensive. Automated asset tracking systems help businesses run operations and ensure assets are allocated where and when they are needed most. This creates a system that functions smoothly, minimizes downtime, and increases productivity.

Real-Time Monitoring

Real-time monitoring is one of the major features of asset tracking systems. Companies are able to instantly see where their assets are and how they are being used and monitor their status and condition. Access to this information allows for quick decision-making, improving the allocation of your resources and minimizing your risk. Having access to this data in real time means managers can quickly respond to any issues, minimizing the chances of losing or misplacing an asset.

Cost Reduction

Using an asset tracking system can save you a lot of money. It helps reduce cases of position blocks, allowing for more effective resource allocation. Moreover, tracking systems minimize loss from theft or mismanagement. Accurate information on how assets are being used and an overview of underused resources can help businesses make sound decisions.

Improved Accountability

In asset management, we know that accountability matters. Tracking systems create a detailed log of where, when, and how assets are being used. By having everything out in the open, employees can be held accountable for the resources they manage. Increased accountability not only prevents misuse of assets but also encourages more careful use.

Simplified Maintenance

Maintenance of assets is necessary to ensure their long life and performance. Asset management systems regularly send reminders to teams to schedule maintenance, ensuring equipment remains in optimal shape. Monitoring these systems for maintenance and servicing history can help businesses avoid sudden failures, which reduces downtime and maintenance expenses.

Enhanced Security

For organizations that manage high-value assets, the security of those investments is their top priority. Tracking systems also add security to your devices, as they send alerts in case of unauthorized movement or use. This functionality enables businesses to act quickly to minimize potential losses due to theft or misuse. Moreover, tracking the location and the movement of assets allows users to retrieve the assets that might have gone missing or those that may have been stolen.

User-Friendly Interface

Modern asset tracking systems are easy to use. They usually have a simple user interface, ensuring employees spend fewer hours learning how to navigate the system. By implementing a user-friendly asset tracking system, you can drive universal adoption and make sure all members of the team can use it properly.

Scalability and Flexibility

As your business grows, so do its asset management requirements. Asset management systems are scalable and will adapt to an increase in the number of assets without you having to switch to another provider. This adaptability allows for businesses of any size to remain in operation. By selecting a system that grows with the company, organizations ensure that they remain in charge of their assets.

Data-Driven Insights

In addition to tracking assets, these systems also provide valuable data that benefits strategic planning. It allows businesses to allocate resources and plan for investments with the knowledge of trends and patterns. Data leads to optimal use of assets that bring maximum financial gain and strategic growth.

Sustainability and Environmental Impact

Good asset management can also help with sustainability. By utilizing resources more effectively, companies can minimize waste and help reduce their environmental impact. An organization can track its environmental indicators within its environmental management system, facilitating resource conservation and environmentally friendly practices.

Conclusion

Asset tracking systems offer many advantages, like increased efficiency and sustainability. Real-time monitoring, increased accountability, and data-driven insights make these systems powerful tools for business resource management.