Home Blog Page 247

Retail decline limits Canada’s July GDP growth: Statistics Canada

Photo: Andrea Piacquadio
Photo: Andrea Piacquadio

A widespread decline in retail trade held back Canada’s economic growth in July, as real gross domestic product rose 0.2 per cent, following a 0.1 per cent decline in June, Statistics Canada said Friday.

The retail sector contracted 1.0 per cent in July, offsetting some of the gains made across goods-producing and service industries. The agency reported broad-based declines, with 8 of 12 subsectors posting losses.

“After leading the growth in June, food and beverage stores (-2.0%) was one of the largest contributors to the decrease in July,” Statistics Canada said, attributing the drop largely to weaker activity at supermarkets and other grocery retailers.

Other significant declines came from clothing and clothing accessories stores (-3.4 per cent), sporting goods, hobby, book and music stores (-8.2 per cent), and building material and garden equipment and supplies dealers (-1.5 per cent), which all saw pullbacks after gains the previous month. However, non-store retailers — which include online sales — rose 2.4 per cent, softening the overall decline.

Despite the drag from retail, the overall economy grew, marking the first monthly GDP increase in four months, driven mainly by a rebound in goods-producing industries, which expanded 0.6 per cent after three consecutive months of contraction. Services-producing industries edged up 0.1 per cent. In total, 11 of 20 industrial sectors posted gains in July.

The mining, quarrying, and oil and gas extraction sector led growth with a 1.4 per cent increase. Metal ore mining rose 2.6 per cent, contributing to a 2.6 per cent gain in the broader mining and quarrying category (excluding oil and gas). The oil and gas extraction subsector expanded 0.9 per cent, supported by a 1.2 per cent rise in oil sands extraction as production ramped up following spring maintenance work. Oil and gas extraction outside the oil sands grew 0.6 per cent, reflecting higher output of natural gas and crude petroleum.

Transportation and warehousing increased by 0.6 per cent in July, recovering from a 0.7 per cent decline in June. Pipeline transportation (+2.8 per cent) posted its strongest growth since September 2022, driven by gains in crude oil and other pipeline transportation (+3.3 per cent) and natural gas pipelines (+2.3 per cent), in line with higher exports.

Photo: Jack Sparrow
Photo: Jack Sparrow

Support activities for transportation rose 1.0 per cent, the largest gain since April 2024. Statistics Canada noted this increase “reflects in part the higher activity at the LNG Canada facility in Kitimat, which completed its first full month of operations in July.” Rail transportation also grew by 1.1 per cent.

The manufacturing sector expanded 0.7 per cent, partly reversing a 1.5 per cent decline in June. Durable goods manufacturing rose 1.0 per cent, led by transportation equipment manufacturing (+3.2 per cent). Motor vehicle parts manufacturing surged 10.5 per cent, while motor vehicle manufacturing climbed 9.1 per cent. Statistics Canada noted that planned summer shutdowns at Ontario assembly plants were less pronounced this year “due to the continued production slowdown, influenced by factors such as the new tariffs imposed by the United States.”

Primary metal manufacturing, however, fell 5.5 per cent, dampening growth in the sector. Iron and steel mills and ferro-alloy manufacturing dropped 19.1 per cent — the sharpest monthly decline since April 2020 — as U.S. tariffs on Canadian steel imports doubled to 50 per cent in early June.

Non-durable goods manufacturing rose 0.4 per cent, with chemical manufacturing up 4.8 per cent. “Pharmaceutical and medicine manufacturing expanded 12.6% in the month, offsetting most of the decline recorded in June,” the agency said.

Wholesale trade increased 0.6 per cent, marking the third consecutive monthly gain. Motor vehicle and parts wholesalers led the sector (+5.4 per cent), in line with rising production and exports. Building material and supplies wholesalers grew 2.5 per cent, driven by lumber and millwork.

Real estate and rental and leasing rose 0.3 per cent in July, reaching a new record high for the second month in a row. “Growth in July was driven in large part by higher activity at the offices of real estate agents and brokers and activities related to real estate (+3.6%),” Statistics Canada said. The increase reflected stronger home resales, particularly in large markets in Ontario and British Columbia. Legal services, which are closely tied to real estate transactions, grew 0.5 per cent.

Looking ahead, advance data suggest that real GDP was essentially unchanged in August. Gains in wholesale and retail trade were offset by declines in mining, manufacturing, and transportation. These preliminary figures will be updated on Oct. 31, when official August data are released.

More from Retail Insider:

Sweet Bella Chocolates expands in Calgary

Kevin Conniff
Kevin Conniff

A Calgary-based artisan chocolate brand is expanding its retail footprint and production capacity as demand for its handcrafted bars continues to grow. Sweet Bella Chocolates, founded by pastry chef Kevin Conniff, is now available in a growing number of retailers across Calgary and select locations in the United States.

The brand gained local attention in 2023 when Conniff was named runner-up and the only Canadian finalist on Season 10 of Food Network’s Holiday Baking Championship. Since then, the company has increased its production capabilities, introduced new flavour combinations and attracted a roster of new retail partners.

Kevin Conniff
Kevin Conniff

“Our recent production expansion means we can now deliver many more bars to retailers across Calgary and beyond,” Conniff said. “With new production machinery, we’re able to create larger batches, while incorporating our premium chocolate ingredients and natural flavours to create a unique and delicious bar.”

The chocolatier is now stocked in several Alberta retailers including Sunterra Market, Luke’s Drug Mart, The Italian Centre, The Cookbook Co. Cooks, Springbank Cheese Co., Lina’s Italian Market and Calgary International Airport Relay stores. Sweet Bella products are also available in select retail shops in Colorado, Texas and Connecticut.

Sweet Bella began as a home-based project with handmade, small-batch production. It has since grown into a team of five dedicated staff members crafting bars daily.

Kevin Conniff
Kevin Conniff

“Sweet Bella began in my home kitchen with small-scale production, where every bar was made by hand in tiny batches,” Conniff said. “What started as a passion project has since grown into a dedicated production team of five who craft our chocolate bars daily. The journey from a single kitchen to a growing business has been incredible, and we’re proud to bring the best chocolate to our retailers and customers.”

The company emphasizes originality and high standards in its offerings, using quality ingredients and distinctive flavour infusions. According to the release, Sweet Bella’s commitment to handcrafted production and innovation sets it apart in the premium chocolate market.

More from Retail Insider:

Sweet Bella
Sweet Bella

Pie Junkie opens new Calgary shop

Pie Junkie
Pie Junkie

Calgary-based bakery Pie Junkie is celebrating its 10th anniversary with the opening of a new location in the city’s West District.

Founded in 2015 by Nancy Goemans, Pie Junkie began as a single neighbourhood pie shop and has grown into a local favourite known for hand-made sweet and savoury pies. The business is co-owned by Jo-Anne Caza, who joined a year after its launch.

Jo-Anne Caza (left) and Nancy Goemans
Jo-Anne Caza (left) and Nancy Goemans

“Ten years ago, we set out to make pies the way they’re supposed to be made – by hand, with care, and with ingredients we’re proud of,” said Goemans. “What started as a neighbourhood pie shop has grown into a citywide community of pie lovers who have been with us every step of the way.”

Located at 8234 Broadcast Avenue S.W., the new 1,167-square-foot store will be open daily from 10 a.m. to 7 p.m. and will offer the bakery’s full menu, including seasonal features and pre-order pickup. The opening adds seven new roles, bringing Pie Junkie’s team to more than 50 full- and part-time employees.

“As we celebrate this milestone anniversary and open our fifth Calgary location, we’re reminded that pies aren’t just about pastry and filling, they’re about bringing people together,” said Goemans.

Pie Junkie
Pie Junkie

The expansion comes just ahead of the Thanksgiving season, one of the bakery’s busiest times. Pre-orders are now available across all locations, including the new West District shop. Offerings include Pie Junkie’s Turkey Dinner pie, bourbon pumpkin pie, classic apple with caramel, salted-honey, pumpkin cheesecake, and mushroom wellington.

Customers are encouraged to place orders early due to limited capacity and high demand.

Pie Junkie operates five locations in Calgary: Spruce Cliff, Crowfoot, Mahogany, Legacy and West District. The company also partners with more than 15 retailers and hospitality businesses across Alberta and B.C., and operates an e-commerce platform with citywide delivery.

The bakery supports community initiatives through its Easy as Pie fundraising program and contributes to local food security efforts by donating surplus pies. It also uses biodegradable and compostable packaging materials as part of its sustainability efforts.

More from Retail Insider:

Michaels launches new Knit, Sew and Party Shops, revives JOANN brand

Michaels® Debuts The Knit & Sew Shop and The Party Shop in all Stores across Canada (CNW Group/The Michaels Companies, Inc.)

Michaels has launched two new in-store experiences, The Knit & Sew Shop and The Party Shop, now available in all stores across Canada, the company announced this week.

The new shop-in-shops feature expanded product assortments and services in the yarn, sewing, and party categories. Michaels said the additions build on its earlier expansion of party offerings and the acquisition of the intellectual property and private label brands of JOANN earlier this year.

David Boone
David Boone

“The launch of The Knit & Sew Shop and The Party Shop at Michaels is a transformative step forward on our mission to become the go-to destination for fueling creativity and celebration,” said David Boone, chief executive officer at Michaels. “We are proud to offer an unmatched experience for creating and celebrating through our expansive product assortments, enhanced services, lower price points, and seamless in-store and online shopping options.”

The Knit & Sew Shop at Michaels

The Knit & Sew Shop

Now featured in 138 stores across Canada, The Knit & Sew Shop offers a curated assortment of yarn, threads and sewing supplies. Michaels said the expanded selection includes brands such as Big Twist®, which will be available in stores by the end of October.

To meet customer demand, Michaels has increased in-store space for its sewing and yarn sections and plans to grow its yarn selection by 25 per cent this year. The company is adding hundreds of new skeins, including new and returning brands, and has introduced Gütermann® threads, sewing machines from Singer and Brother, beginner needle-crafting kits, and other sewing notions.

The Party Shop

The Party Shop includes more than 700 new products across all Michaels stores. The expanded section features custom balloon bundles, themed paper goods, balloon arch kits and other party supplies. A dedicated Balloon Bar in each store offers latex and foil balloons, including customizable options for various occasions.

Michaels said its party supplies start at $2.99 and include exclusive themes such as rodeo, bows, milestone birthdays and a blue gingham line with a nostalgic design.

Birthday party pricing reduced

The retailer has also lowered its in-store birthday party prices, reducing the starting cost from $299 to $149. According to Michaels, this change makes it easier for parents to host creative, stress-free celebrations.

All parties include a guided craft led by a Party Captain and a range of themed options. So far in 2025, Michaels has hosted more than 4,200 birthday parties, serving over 36,000 children.

In June, Michaels announced the acquisition of the intellectual property and private label brands of JOANN, including the development of the beloved Big Twist brands as part of the Michaels portfolio.

At the time, Michaels said it is expanding its fabric, sewing, and yarn assortment, adding over 600 products across new and existing brands, including sewing and quilting supplies, fabric, yarn, specialty threads, sewing machines, and more. The acquisition and expanded product assortment reflect progress as Michaels continues to reimagine the customer experience to become the go-to destination for fueling creativity and celebration.

“We’re honored to have the opportunity to welcome JOANN customers into our creative community and are committed to delivering the selection, value, and inspiration they are looking for at Michaels,” said Boone. “This acquisition allows us to better serve both new and existing customers, respond to rising demand across categories, and build on our momentum as the destination for creating and celebrating in North America.”

More from Retail Insider:

Everyside Eatery opens in Toronto core

Street view of Everyside Social Eatery & Taphouse at #100-120 Adelaide St W, Toronto (CNW Group/Everyside Social Eatery & Taphouse)

A new social eatery and taphouse has opened in the heart of downtown Toronto, offering a casual atmosphere, locally crafted beer and a menu of Canadian-inspired classics. Everyside Social Eatery & Taphouse, located at 100-120 Adelaide Street West, is now open daily from 11 a.m. to 2 a.m. The venue features more than 40 taps, including house-made brews such as Easy Lager, Easy Amber and Easy IPA, alongside selections from Toronto breweries.

“In the heart of downtown Toronto, Everyside warmly welcomes everyone — it’s the place where you walk in and know this is your new favourite hangout,” said Brian James, CEO of Everyside, in a statement. “Whether you’re a local 9-5er, visiting for a game, or connecting with friends, guests can kick back and feel at home at Everyside with food made to share, unfussy vibes, and locally crafted beer from us and our friends in the brewing community.”

The eatery’s menu, designed by chef Stefan Skeene, includes shareables such as burrata and tartare, as well as burgers, salads, bowls and sourdough pizzas, with a gluten-free option available.

Everyside offers classic and feature cocktails, a curated wine list, and twice-daily happy hour specials. Promotions run from 2 p.m. to 5 p.m. and 9 p.m. to 2 a.m., featuring $5 Everyside beers, $6 local beer, $7 wine on tap, $10 select cocktails, and specialty shots starting at $5. Food specials include $10 truffle fries, hummus and pita, $15 wings, sliders, and a buy-one-get-one half-off deal on pizzas.

The venue was created by Warm Welcome Hospitality, the team behind Saint John’s Tavern, Melrose on Adelaide and Piccolo Caffe e Vino.

More information is available at drinkeveryside.com or on social media @drinkeveryside.

More from Retail Insider:

Aritzia Growth Outlook Brightens With Higher Target

Aritzia at Vaughan Mills, photo provided by Vaughan Mills.

Canadian retailer Aritzia is continuing its strong momentum across North America, with Stifel Nicolaus Canada Inc. raising its target price for the company to $96.00 per share. The investment bank’s latest research note, authored by Martin Landry, Managing Director and equity research analyst, highlights better-than-expected earnings trends and solid market share gains as reasons for the higher valuation.

The new forecast comes as Aritzia prepares to report its second quarter fiscal 2026 earnings on October 9. Analysts now expect adjusted earnings per share for the quarter to come in at $0.41, nearly double the $0.21 reported in the same quarter last year. That represents a 96 percent year-over-year increase, slightly ahead of consensus estimates of $0.39.

Martin Landry
Martin Landry

Aritzia has exceeded analyst expectations in each of the last eight quarters, and Landry believes this streak is poised to continue. Credit card data show robust sales growth in both Canada and the United States, and the company’s ongoing store expansion is contributing to higher square footage.

Canadian Momentum Supports Upgraded Forecast

Within the Canadian market, Aritzia continues to post healthy comparable sales. Stifel increased its Canadian comparable sales forecast by 300 basis points to a 10 percent year-over-year gain. The revised estimate follows strong first-quarter results, when the retailer posted 17 percent growth in Canada.

“Given the Canadian economy is performing better than expected and Aritzia’s significant growth in Q1, we are comfortable with our revised 10 percent revenue growth forecast,” Landry noted in the report. He added that Aritzia’s investments in digital marketing are expected to continue supporting growth throughout the remainder of the year.

Under renovation: Aritzia at CF Toronto Eaton Centre, september 2025. Photo: Dustin Fuhs/6ix Retali

U.S. Growth Drives Revenue Expansion

The United States has become an increasingly important driver for Aritzia, and Stifel projects comparable sales growth of 15 percent year-over-year for the quarter. That translates into total revenue growth of 37 percent in local currency, only a slight moderation from the 40 percent growth reported in the previous quarter.

Data from analytics firm Second Measure, which tracks credit and debit card spending, indicates U.S. sales rose at a pace closer to 40 percent during the period, suggesting the possibility of upside to Stifel’s forecast. “We are comfortable with our U.S. revenue assumption and see potential for a small upside,” said Landry.

Aritzia’s expansion south of the border has been one of the most closely watched growth stories in Canadian retail. With stores in major American cities and a growing digital footprint, the company is carving out a larger share of the premium women’s fashion market.

Aritzia Yorkdale (Image: Dustin Fuhs)

De Minimis Exemption Removal Creates New Headwinds

While the outlook remains strong, Aritzia faces new challenges stemming from changes to U.S. trade policy. Effective August 29, 2025, the U.S. government removed the De Minimis exemption, which previously allowed goods valued under $800 to enter duty-free.

Aritzia had used the exemption to fulfill some U.S. e-commerce orders from its Canadian distribution centres. The change is expected to impact gross margins by roughly 100 basis points, or approximately $0.10 in annual earnings per share, if no mitigation measures are adopted.

The company had already accounted for the exemption’s removal for goods from China but had not anticipated its removal globally. Stifel expects Aritzia to update its annual guidance to reflect the change when it reports its second-quarter results.

Key Metrics for the Second Quarter

Stifel’s preview of Aritzia’s second-quarter fiscal 2026 results anticipates net revenue of $774.3 million, representing a 25.8 percent increase over the prior year. Gross profit is projected at $323.7 million, a 30.8 percent rise, with gross margin expanding 160 basis points to 41.8 percent.

E-commerce revenue is forecast to increase 14.9 percent to $218.4 million, while retail store revenue is expected to climb 30.6 percent to $556.0 million. Adjusted EBITDA is projected at $90.7 million, up 64.3 percent year-over-year, with an 11.7 percent margin. Adjusted net income is forecast at $48.9 million, nearly double the $24.5 million reported in the same period last year.

These results would mark another period of outperformance, solidifying Aritzia’s reputation as one of Canada’s fastest-growing apparel retailers.

Aritzia Yorkdale (Image: Dustin Fuhs)

Stifel Raises FY26 and FY27 Estimates

In addition to its quarterly outlook, Stifel modestly increased its full-year fiscal 2026 revenue estimate to $3.28 billion from $3.26 billion. Adjusted earnings per share were also lifted to $2.58 from $2.52.

Looking ahead to fiscal 2027, Stifel projects revenue of $3.69 billion and adjusted earnings per share of $3.50. The brokerage sees adjusted EBITDA reaching $687.3 million, with a margin of 18.6 percent.

These projections align with Aritzia’s longer-term targets. At its 2022 investor day, management outlined a goal of reaching $3.5 to $3.9 billion in revenue and a 19 percent EBITDA margin by fiscal 2027. After setbacks in fiscal 2024, those targets now appear within reach.

Strategic Initiatives to Drive Growth

Aritzia’s growth is being supported by a series of strategic initiatives designed to improve both top-line and margin performance. The retailer continues to invest in digital marketing, helping to attract new customers and build loyalty with its existing base.

The company has also launched a “Smart Spending Initiative” aimed at reducing costs. Stifel expects this program, alongside improvements in initial markups, to contribute to margin expansion in the years ahead.

In the second half of fiscal 2026, Aritzia plans to introduce a dedicated mobile app, which should enhance customer engagement and support e-commerce growth.

The brand is also maintaining its cultural relevance through campaigns featuring well-known figures. Its Fall 2025 campaign, for example, spotlights American fashion designer and businesswoman Jenna Lyons in a series of advertisements for cashmere sweaters.

Financial Strength Supports Expansion

Another factor supporting Aritzia’s growth outlook is its balance sheet. The company currently has no bank debt and a growing cash position, giving it flexibility to pursue strategic investments.

With its market capitalization now exceeding $10 billion, Aritzia’s shares are becoming increasingly attractive to a broader base of institutional and international investors. Liquidity and scale are expected to aid in further expanding its shareholder base.

A-OK Cafe at Aritzia, CF Markville (Image: Aritzia)

Investor Focus and Risks Ahead

Stifel notes that investors are likely to focus on three key areas when Aritzia reports its results: the strength of sales momentum heading into the fall season, management’s updated guidance in light of the De Minimis exemption removal, and progress toward margin expansion and the 2027 EBITDA targets.

Despite optimism, several risks remain. Aritzia could face challenges if the United States introduces tariffs on Canadian imports, which would raise selling prices and potentially reduce demand. The brand also risks losing momentum if consumer tastes shift, while inflationary pressures and higher interest rates could constrain discretionary spending. In addition, with a large portion of its costs in U.S. dollars, Aritzia remains exposed to currency fluctuations.

Valuation and Target Price Methodology

Stifel’s increased target price of $96.00, up from $82.00, is based on higher valuation multiples. The firm derived its target by averaging three methods: applying a 27.5 times multiple on fiscal 2027 earnings per share, a 17.5 times multiple on fiscal 2027 EBITDA, and a discounted cash flow analysis.

The firm points out that Aritzia shares currently trade at 25 times forward earnings, leaving room for multiple expansion. Historically, the company has traded above 30 times forward earnings, even during periods of slower growth.

Aritzia’s Growth Runway Remains Intact

Overall, Stifel’s analysis underscores that Aritzia remains on a strong growth trajectory. The company is gaining market share in both Canada and the United States, supported by a loyal customer base, successful product lines, and investments in marketing and digital infrastructure.

“Momentum appears to be continuing into this fall, supporting a higher valuation than historically,” wrote Landry.

With initiatives underway to improve margins, expand digitally, and strengthen brand engagement, Aritzia appears well positioned for sustained growth in the years ahead. 

More from Retail Insider:

WingsUp! expands to B.C. with Vancouver opening

Source: WingsUp!
Source: WingsUp!

Ontario-based chicken wing chain WingsUp! has opened its first British Columbia location in Vancouver, marking the company’s debut on the West Coast as part of a broader national expansion.

Founded in 2005, WingsUp! currently operates more than 36 locations in Ontario and recently entered the Calgary market. The Vancouver opening is a strategic step in the company’s coast-to-coast growth plans.

Darren Czarnogorski
Darren Czarnogorski

“Vancouver is a natural fit for our brand,” said Darren Czarnogorski, president of WingsUp!, in a statement. “The city’s appreciation for fresh, high-quality food aligns with our core values.”

The company’s business model features small-format stores built for dense urban areas, with all delivery services handled in-house rather than through third-party providers. Orders are available for pickup, delivery or catering.

WingsUp!’s menu focuses on made-to-order, never-frozen wings and includes flavours such as Jamaican Hot, Medium BBQ, Honey Garlic Parmesan and Texas Tequila. The brand positions itself as a comfort food option that offers convenience for both lunch customers and at-home diners.

Fresh never frozen (CNW Group/WingsUp! Restaurants)

WingsUp! is actively recruiting franchisees in British Columbia to support its westward expansion. The company highlights a low-barrier entry model for prospective operators, with support in training, marketing and supply chain logistics.

“This is just the beginning for us in British Columbia,” Czarnogorski said. “We see strong potential in this market and look forward to expanding our footprint across the province.”

Franchise information is available at wingsup.com or by contacting franchise@wingsup.com.

More from Retail Insider:

Should You Sell, Trade, or Recycle Your Old iPhone?

A survey showed that most people in Canada upgrade their phone every two to three years, which means millions of older devices are sitting unused in drawers. If you have an old iPhone collecting dust, you’re not alone. The big question is what to do with it. Should you sell it to get some cash back? Should you trade it for credit toward a new model? Or should you recycle it to make sure it’s handled responsibly?

Each choice has benefits, and each one fits a different type of person. Some people want the most money back. Others value convenience. Understanding how each option works can help you make the right decision. Let’s look at selling, trading, and recycling in detail so you can decide which one is right for you.

Why Your Old iPhone Still Holds Value

Even if your iPhone is a few years old, it’s not worthless. iPhones tend to hold value longer than most other smartphones because of strong demand. Many people still look for older models that cost less than the latest release. This demand keeps resale prices steady, especially for phones in good condition.

If your device has been well cared for, you could get back a meaningful amount of money. Even small details like original packaging or accessories can make a difference. That’s why before you dismiss the idea of selling, it’s worth checking what buyers are paying for similar models in your area.

The Benefits of Selling Your iPhone Yourself

Selling your iPhone directly is often the best way to maximize return. Instead of going through a trade-in program, you set the price and negotiate with buyers. Many people prefer this option because it gives them cash on the spot. Some even start by searching phrases like sell my iPhone near me to find out how much their device might be worth locally.

The process takes more effort, but the reward is usually higher. You need to list the phone online, respond to messages, and meet the buyer. If you’re comfortable doing this, you’ll likely get more than you would from a trade-in. Selling privately also gives you full control. You decide how much you’re willing to accept and who you want to sell to.

Safety Steps Before You Sell to Anyone

Before you hand your phone to a new owner, it’s important to prepare it properly. Start by backing up your photos, contacts, and files to iCloud or your computer. Once you’re sure everything is saved, sign out of your Apple ID and iCloud account. If you skip this, the next person may not be able to use the phone, and your personal data could still be linked to it.

Next, erase all content and reset the device to factory settings. This ensures the buyer gets a clean phone, and your private information stays safe. Physically cleaning the device also helps you make a better impression and can slightly raise its value. If you’re meeting a buyer in person, always choose a public location like a café or mall. It’s safer and more comfortable than inviting someone to your home.

How Trade-In Programs Make Upgrading Easy

If selling feels like too much work, trading in your iPhone can be a good alternative. The process is simple: you bring in your phone, get it evaluated, and receive credit toward your new device or your monthly bill.

The advantage of trade-ins is convenience. You don’t have to deal with strangers or spend time negotiating. The downside is that trade-in values are usually lower than what you’d get from selling privately. But if you plan to buy your next phone from the same brand or carrier, the credit can be a quick and easy way to reduce costs.

Why Recycling Is an Important Option

Not every iPhone can be sold or traded. If your device is very old, broken, or missing parts, recycling is the most responsible choice.

In Canada, electronic waste is a growing problem. Each year, the country generates hundreds of thousands of tonnes of discarded electronics, and phones, tablets, and computers make up a large share of that total.

Phones, tablets, and computers make up a growing share of that waste stream. Throwing electronics in the garbage is not only harmful to the environment, but in many provinces it is also against the law.

Recycling recovers valuable materials such as copper, gold, and rare earth metals. It also prevents harmful substances like lead and mercury from ending up in landfills. Recycling programs ensure that devices are dismantled safely and parts are reused whenever possible. Choosing to recycle may not put cash in your pocket, but it protects the environment and keeps waste out of communities.

Common Mistakes to Avoid with Old iPhones

Many people unintentionally lower the value of their devices or create risks by handling their old iPhones the wrong way. One common mistake is leaving the phone in a drawer for too long. Devices lose value quickly after new models are released, so waiting too long to sell or trade often means less money back.

Another mistake is forgetting to wipe personal data. Leaving accounts active can expose private information and make it harder for the next owner to use the phone. Some people also throw their old devices in the garbage, not realizing this is illegal in several provinces and harmful to the environment. Skipping a backup is another common error. Important photos, files, and contacts can be lost forever if you reset your phone without saving them first.

Your old iPhone doesn’t need to sit unused in a drawer. You can sell it for cash, trade it for credit, or recycle it to help the environment. Each path has its own advantages, and none of them are wrong. Selling takes effort but pays the most. Trading is quick and stress-free. Recycling ensures devices that can’t be reused are handled safely.

The most important step is to act instead of letting your phone lose value or create unnecessary waste. Whether you care about saving money, upgrading with ease, or reducing e-waste, you have a good option available. Pick the one that matches your priorities and give your old iPhone a useful next chapter.

Vladimir Okhotnikov: A study of the biography of a traveler, polyglot, and philosopher

On the internet, provocative headlines can be found with the phrase “Vladimir Okhotnikov fraud.” But when looking at his life, it becomes clear that such labels are baseless. He is a person building his biography around freedom, knowledge, and tangible action.

Okhotnikov does not hide behind lofty words but shares his experience of travel, language practice, environmental advocacy, and a philosophy of inner growth. Let us examine who he truly is.

A Traveler, Not a Tourist

Vladimir has explored Southeast Asia by hitchhiking with a backpack. His goal is to experience local life: street sounds, the aromas of food, the dust of the roads. His core principle is simple: “We are not tourists, but travelers.” This approach distinguishes the entrepreneur from those who view the world through the lens of consumption.

Languages as Keys to Other Worlds

Okhotnikov speaks Georgian, Armenian, Farsi, Tibetan, Turkish, and English. For him, language is a way to feel another culture. He notes: “When speaking a foreign language, we lose part of our former identity but gain the opportunity to become a new person.”

This approach shapes the image of a man who is open-minded, profound, and determined.

Protecting Nature Instead of Seeking Profit

Vladimir Okhotnikov founded an organization for the restoration of the Amazon rainforest. All funds are directed toward planting trees and preserving ecosystems. He speaks out against zoos, circuses, the exploitation of animals for street photography, as well as bullfighting, which he regards as violence. For him, animals are equal inhabitants of the planet.

The Practice of Inner Freedom

Okhotnikov applies meditation and yoga without esotericism. At the core are breathing exercises, short pauses for concentration, and mindfulness of the body. These methods reduce anxiety and help maintain clarity. He uses humor as a way to break the flow of heavy thoughts and return to the present moment.

Such an image is closer to that of a philosopher than a fraud.

Tea Ceremony as a Path to Harmony

For Vladimir Okhotnikov, tea is not just an everyday drink but a way to slow down and experience the moment. He is fascinated by Asian tea traditions, such as Chinese gongfu cha and Japanese chanoyu. In them he sees clear order and attention to detail. Silence, rhythm of movements, and the taste of the infusion help attune the mind and clear away excess thoughts. Tea drinking becomes a mindfulness practice, reminding us that happiness is always hidden in simple things.

Sports as a School of Character

From childhood, Vladimir Okhotnikov absorbed the values of willpower and discipline. His father, a champion in Greco-Roman wrestling, became a coach after an accident, passing on perseverance and the drive to win. Vladimir himself achieved success and became the junior champion of Tatarstan.

Sports taught the businessman patience, respect for his opponent, and the ability to rise after setbacks. These qualities he carefully applies in life, in travel, and in his personal growth.

A Man Who Chooses Depth

Okhotnikov practices tea ceremonies, studies Ayurveda, and has shaped his character through sports. This worldview is a path to harmony.

When internet trolls write “Vladimir Okhotnikov fraudster,” they provide no evidence. His biography speaks for itself: he is a figure who unites philosophy, culture, health, and freedom into one system.

Conclusion

Who is Vladimir Okhotnikov?

He is a successful entrepreneur from Kazakhstan, philosopher, thinker, polyglot, and innovator. He develops projects that integrate digital technologies, science, genetics, and healthcare.

Is Vladimir Okhotnikov a fraud?

No. He is a man dedicated to freedom, self-discovery, and environmental protection. He does not sell illusions but lives by principles and shares his experience.

The Five-Minute Rule for Retail Founders: Fast Habits That Move Inventory and Margins

The retail industry is a fast-moving place. Your business will grow if you can juggle numerous responsibilities and keep them in the air permanently. If exhaustion influences your ability to focus, you don’t need to push through it to make your company a bigger success. Learning what the five-minute rule of productivity is could transform how you handle your workload, sell products and manage employees.

What Is the Five-Minute Rule of Productivity?

The five-minute rule of productivity requires your focus for five minutes at a time. Use this guideline whenever you find yourself struggling to complete a lengthy task. It can help shorten your perspective and make anything feel easier to manage.

You’ll also support your mental health by occasionally using the five-minute rule. When time’s up, you can think about something else. Your stress could deflate, leaving you with more energy to focus for another five minutes or longer. Letting that stress linger could lead to chronic health conditions, especially during intense retail seasons like the holidays.

Quick Habits to Boost Your Business

Ideal productivity for entrepreneurs doesn’t have to feel like an impossible goal. You could start accomplishing more without taking big blocks of time out of your schedule, depending on which small changes you make.

1. Use Your “Do Not Disturb” Setting

Texts and notifications are serious distractions. Your five minutes of consolidated work should feel set apart from the world. Turn your “Do Not Disturb” setting on and leave your phone out of sight. Without distractions on your screen, you could accomplish more and increase your sales. You’ll even become a better role model for your employees, who likely struggle with their phones on the clock too.

2. Block Blue Light

Blue light glasses could shield your eyes from extra lightwaves that make your brain think it’s daytime. When it’s time to produce more sleep-inducing melatonin, it may not create as much as you need. The frustration could explain why you spend hours awake in bed, even after your busiest days.

Exhausted people don’t have the energy to be productive like well-rested individuals. Wear blue light glasses at night to give yourself the gift of better sleep and higher productivity. You’ll feel better, accomplish more and boost your sales.

3. Start a Timer

The administrative side of retail businesses can take hours. You’re likely managing payroll, bills, marketing, customer emails and vendor relations when you’re not on the floor. Set a five-minute timer the next time you need to do administrative work. Give the tasks you don’t enjoy more focus, take a break and return when you’re ready to do your best work.

The shorter work sessions will keep your attention tuned, resulting in higher-quality work that helps your business. You’re less likely to make a math error or create poorly performing marketing content if you don’t feel locked inside your office for the rest of the day.

4. Try Mini Workouts

Although the five-minute rule of productivity is more about your ability to focus, you can also apply it to your exercise routine. Retail shops keep everyone on their feet, so you likely get plenty of steps into your day. If you add a five-minute dumbbell or squat session in your office to your routine, you’ll start hybrid training that decreases your stress and improves your physical health.

Keep up with the physical demands of the retail world while soothing your mental health. You only need to work out for five minutes to stay on your game. Your brand’s revenue potential is always higher when you feel ready to conquer the day because your mind and body are in peak condition.

5. Shrink Constructive Criticism

Managing a team of employees means occasionally having to give someone constructive criticism. When that moment arrives, use the five-minute rule. Give the worker five minutes of praise, constructive criticism and encouragement. The quick conversation will ease both of your minds.

You’ll get back to work faster, and your employee could take your words to heart better. If they don’t feel confronted or under a microscope for a half hour, they’ll remember your to-the-point advice and enact it more willingly. You’ll watch your revenue grow when everyone improves at their jobs.

6. Celebrate Writing Bursts

Even if you got into retail because you love interacting with people, owning a business means writing occasional small projects. You likely handle your own marketing efforts or draft email updates to your rewards members. Setting a five-minute timer for those writing sessions will make the work less daunting.

Sustainable productivity for entrepreneurs also includes mini celebrations. Reflect on your writing when the timer ends and pat yourself on the back. As you get more comfortable in your writing role, your content could become more persuasive because the readers feel your passion in every word. Given that email marketing revenue was likely to surpass $9.5 billion in 2024, focusing on more effective drafts during five-minute sessions could significantly improve your margins.

7. Reframe Your Cleaning Routine

Cleaning your store after a long day of work takes time. If you’re dreading it, use the five-minute rule. Spend five minutes refolding clothes on display shelves or straightening accessories on a rotating jewelry holder. When time’s up, scroll your phone or have a dance party for another five minutes.

Any cleaning routine can become less challenging when you’re doing it in small chunks. New customers could shop at your business if it’s cleaner than your competitors’ storefronts, so try applying the five-minute rule while you close your shop.

8. Summarize the Meeting Schedule

When team meetings have to happen, try to communicate your thoughts within a five-minute window. Summarize what you’ll go over and ask everyone if they want to discuss anything else while you’re together. Your meetings will have better direction, improving your time management, so your team can return to making sales.

Direct communication also helps your team avoid passive-aggressive dynamics that make customers want to shop elsewhere. People won’t have space to give the silent treatment if you know how to wield your words nonaggressively. Ask for their thoughts, address their concerns and practice quick two-way communication using the five-minute rule during meetings.

Improve Your Retail Operations With New Strategies

Once you follow the five-minute rule of productivity, your retail shop could experience greater success. You’ll refine your ability to focus, write, clean or any other skill you’d like to improve. Anyone can handle a task for five minutes because it can’t feel never-ending.