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 48 hours.
As the seasons change and the years roll on, the elements have their way with your home’s defense systems; one of the most neglected-yet-important elements, your windows, may also be among the most vulnerable. Windows bring aesthetic value and, when rightly operating, play a major role in energy efficiency, comfort, and security. Being aware of the signs that tell you it’s time for an upgrade-well, perhaps with modern replacement windows and doors -could save you bucks, improve your lifestyle, and protect your investment. Here are five indicators that highlight how your windows have ceased to perform their functions and may be in need of a replacement.
1. Drafts and high energy bills
Most drafts coming in or going out through your window(s) would be a pretty clear indication that your windows are not doing that great. If you feel that cold air is seeping in your premises during winter, or warm air is coming in during summer, even with windows closed and locked, it’s a pretty clear sign-bad seals. This means conditioned air is escaping while an uninvited flow of outside air comes in, interfering with your heating and cooling systems to maintain a comfortable temperature inside. Therefore, without any changes in your habits, it is likely that you see a slow upsurge or even sudden increase in your energy bills. Another thing you could do is just walk along your window frames on a windy day and feel for moving air. Drafts could be eliminated and energy consumption cut down significantly over time by replacing windows with energy-efficient types with good seals.
2. Condensation Between Glass Panes
Modern double or triple-pane windows are constructed with an airtight seal between the glass layers and usually filled with an inert gas (most commonly argon) for better insulation purposes. If you see condensation inside these panes, it is a good indicator that the seal has given way. Once the seal is impaired, moisture can enter the insulating air space and remain there, leading to a perpetually foggy or cloudy appearance that no amount of wiping off will rectify. Not only is this fog deterring your view outside, but it also implies that the gas has likely escaped and that the window is worse than useless when it comes to insulating your home. Remember: a small amount of condensation on the inner surface of the glass during humid times is normal, but constant fogging in between the panes must lead to substitution since it means the window has lost its insulating property.
3. Hard to open, close, and lock
Windows that stick, are hard to open or shut or do not lock properly are not only inconvenient but are also dangerous. Window frames can become warped, rotten (in the case of wood), or a mechanical failure could render their operating mechanisms useless over decades. Windows become cumbersome to operate, causing irritation and blocking ventilation. Safety-wise, windows that do not shut and lock tightly threaten the integrity of your home-aiding forced entries. Any window that proves difficult to operate is an unmistakable sign of failing structural integrity or mechanical parts that will need replacement to ensure function and security.
4. A Damaged Appearance to Frames and Sashes
A complete evaluation of window frames and sashes may highlight indicators of decay worthy of replacement. Look for cracked or rotting wood, warped vinyl, or damaged aluminum. The peeling paint, water stains, and mold and mildew around the window frame are also signs of potential moisture ingress within the window structure. This type of damage obviously compromises the appearance of your home and may also affect the greatest strength of a window to seal tightly against the elements, allowing drafts and possibly structural problems to the walls nearby. Therefore, visible signs of deterioration must be addressed as soon as possible by replacement windows, so that no further damage can occur and the integrity of your home’s building envelope can be maintained.
5. Too Much Noise Comes Through
Windows can hardly stand against noise, but modern well-sealed, double, or triple-glazed variants can minimize outside noise almost satisfactorily. Noticing an increase in the volume of external noise entering the home could ultimately point to broken window seals or poor single-glazing in the first place. Replacing older, less efficient windows with modern multi-pane options could help restore serenity and calmness inside, therefore increasing comfort and quality of life-especially if you live near a busy thoroughfare. Sound insulation is one of the beneficial features that new replacement windows and doors will offer.
Failing to heed these signs can lead to excessive energy bills, discomfort in one’s own home, and even safety threats. Recognizing these signs for what they are and having timely replacement windows and doors put into the home will ensure energy efficiency, a comfortable living environment, and continued security and aesthetic appeal for the Canadian homeowner.
Former Hakim Optical location at Bloor and Bay streets in Toronto. Photo: Hakim Optical
Hakim Optical, one of Canada’s most recognized names in eyewear retail, has filed for creditor protection under the Bankruptcy and Insolvency Act (BIA) as it faces mounting financial pressures. On April 16, 2025, Hakim Optical Laboratory Limited filed a Notice of Intention to Make a Proposal (NOI), marking a pivotal moment for the Toronto-based company founded in 1967 by Iranian Canadian entrepreneur Karim Hakimi.
The filing comes at a time of heightened competition and shifting consumer behaviours within Canada’s optical retail industry. KSV Restructuring Inc. has been appointed as the Proposal Trustee, with Bennett Jones acting as counsel for Hakim Optical, Chaitons LLP representing the Proposal Trustee, and Loopstra Nixon LLP acting for the secured creditor.
Hakim Optical’s Storied Background
Hakim Optical began with humble roots, as founder Karim Hakimi started by grinding lenses from discarded window glass after immigrating from Iran to Canada. Over the years, the business grew significantly, building a national footprint of over 160 locations (now closer to 140) and gaining widespread brand recognition thanks to the memorable “Your Eyes Can Have it All at Hakim Optical” jingle.
Karim Hakimi
Headquartered in Toronto, Hakim Optical today employs around 650 people and offers a full suite of optical products and services, including prescription eyeglasses, sunglasses, safety glasses, and eye exams through affiliated optometrists. However, despite its long-standing presence, the chain has not been immune to pressures reshaping the Canadian retail landscape.
Mounting Challenges Lead to Financial Distress
Several factors contributed to Hakim Optical’s financial difficulties. Pandemic-related closures and associated revenue losses severely impacted operations. Competition intensified with the entrance of new players such as Specsavers, coupled with aggressive discounting from large-format retailers like Costco and Walmart. In addition, shifting consumer shopping patterns towards more value-based optical retail further strained Hakim Optical’s market share.
These challenges, along with mounting debt, ultimately culminated in the company’s decision to seek protection under the BIA in an attempt to restructure its operations and liabilities.
Secured Lender Positioned as Potential Buyer
A critical element in the unfolding restructuring is the role of 1001112855 Ontario Inc., which holds a secured claim against Hakim Optical of approximately $15.8 million. Incorporated on January 10, 2025, and headquartered in Bolton, Ontario, the company is directed by Dan Cesana and Mark Cesana of the Hardrock Group of Companies, and Renzo Moser and Jonathan Soriano of Trento Kia in Toronto.
Significantly, 1001112855 Ontario Inc. is not only Hakim Optical’s senior lender but also appears to be its prospective purchaser. This dual role positions the company to acquire Hakim Optical’s assets through a pending Asset Purchase Agreement (APA), subject to court approval.
Lawrence Ophthalmic Lab Inc. Enters Protection
In a related move, Lawrence Ophthalmic Lab Inc., under the same ownership umbrella, filed its own NOI on April 22, 2025. Lawrence’s financial position mirrors Hakim Optical’s in several ways, with 1001112855 Ontario Inc. also listed as the senior secured creditor.
Lawrence Ophthalmic Lab’s unsecured creditors primarily consist of key suppliers such as Nikon Optical Canada Inc. and Satisloh North America Inc., while Hakim Optical’s extensive unsecured creditor list includes numerous landlords, suppliers, and utility companies across the country.
Image: Hakim Optical
Financial Obligations Outlined
According to the filed documents, Hakim Optical Laboratory Limited has total creditor claims amounting to approximately $25.5 million. Of that amount, $15.8 million is owed to 1001112855 Ontario Inc. as a secured creditor, while unsecured creditors account for approximately $9.7 million. The list of unsecured creditors includes numerous landlords, suppliers, and utilities, reflecting the wide operational footprint of Hakim Optical across Canada.
Lawrence Ophthalmic Lab Inc., which filed its NOI on April 22, 2025, reports total liabilities of approximately $16.9 million. Like Hakim Optical, it also lists 1001112855 Ontario Inc. as its secured creditor for $15.8 million, while unsecured creditors are owed approximately $1.1 million. Unsecured creditors in Lawrence’s case primarily include major optical suppliers such as Nikon Optical Canada Inc. and Satisloh North America Inc.
Competition Reshaping the Optical Market
Retail expert George Minakakis, founder of Inception Retail Group, provided insights into the broader context behind Hakim Optical’s restructuring. “There’s intense competition now in the Canadian eyewear market,” Minakakis said. “Specsavers’ entrance into Canada has been a game-changer.”
George Minakakis. Photo: LinkedIn.
He noted that Hakim Optical was particularly vulnerable to new entrants and intensified discounting. “With Walmart, Costco, and others aggressively expanding their optical departments, traditional players like Hakim Optical struggled to maintain market share,” he said.
“As the founder and the strategic operator of Hakim Optical, Mr. Hakim was a maverick. He should be recognized as being one of the first to provide optical retail services and eye care to the public with multiple stores,” Minakakis said. “
“However, as competition grew and became more sophisticated with higher end products, store designs, in store eyecare and service propositions, it became a bigger challenge to remain relevant. In addition, Hakim Optical was also competing against organizations with deep marketing, merchandising, and financial capabilities.”
Weaknesses in Data Management and Revenue Impacts
A former Luxottica Senior Executive, Minakakis also added that as the world became more digitized and data a key attribute to growing one’s business. “The success attributes in this industry were contingent to communicating with customers both on new products, services, and the need for regular eye-exams. That’s in addition to having ample optometric doctor coverage,” Minakakis said. “However, optometrists are drawn to brands that have sufficient foot traffic and state of the art optometric equipment like SpecSavers and LensCrafters.”
The combination of operational fragility, increased competition, and shifts in consumer behaviour likely led to lost opportunities and revenue declines for the company.
Landlords and Vendors Impacted by Restructuring
The creditor filings reveal that Hakim Optical owes substantial sums to many landlords, including Oxford Properties, Ivanhoe Cambridge, and Cushman & Wakefield Asset Services. Utility companies such as Telus are also significant creditors, likely due to telecommunications services tied to store and operational systems.
In some cases, creditor claims may reflect lease obligations for the remaining terms rather than just unpaid arrears, suggesting an accelerated recognition of liabilities as the restructuring unfolds.
The Road Ahead for Hakim Optical
Both Hakim Optical and Lawrence Ophthalmic Lab Inc. are now navigating a court-supervised restructuring process. Finalizing the Asset Purchase Agreements with 1001112855 Ontario Inc. and seeking court approval for the sale are immediate priorities.
Creditors are currently stayed from taking action and will be invited to file claims at a later date once directed by the Proposal Trustee.
Minakakis expressed cautious skepticism about the company’s future under new ownership. “Without strong leadership, operational improvements, and a coherent brand strategy, it’s going to be very difficult for new owners to succeed,” he said.
Mark Carney smiles on stage at his campaign headquarters after the Liberal Party won the Canadian election in Ottawa, Tuesday, April 29, 2025. THE CANADIAN PRESS/Frank Gunn (Frank Gunn/THE CANADIAN PRESS)
The Liberal Party, now led by Mark Carney, has secured a fourth consecutive term, albeit once again with a minority mandate. This time, however, the Liberals have a stronger hand, as they can rely not only on the NDP but also the Bloc Québécois to maintain power. This broader base of parliamentary support could provide much-needed political stability at a crucial time, particularly as Canada prepares for a new round of trade negotiations with the United States and Mexico.
For the agri-food sector, the implications are significant.
First and foremost, carbon pricing will remain a central issue. Carney has made it clear that the industrial carbon tax will stay — a policy that continues to erode the competitiveness of Canada’s agri-food sector. The tax, currently set at $95 per metric tonne, is scheduled to climb to $170 by 2030. While consumers may not see this tax directly, businesses certainly do. More concerning is the Liberals’ intention to introduce a border carbon adjustment for imports from countries without equivalent carbon pricing regimes. While this could theoretically protect Canadian industry, it also risks making food even more expensive for Canadian consumers, particularly if the United States — our largest trading partner — remains uninterested in adopting similar carbon measures.
Carbon pricing can only work in a North American context if Canada, the United States, and Mexico move in lockstep. Acting alone risks undermining our own food security and competitiveness.
Supply Management Likely to Surface in Trade Talks
Another looming issue is supply management. Although all parties pledged during the campaign not to alter Canada’s supply management system for dairy, poultry, and eggs, it is almost certain to be a topic in trade negotiations. The American dairy lobby, in particular, will continue to demand greater access to Canadian markets. Canada’s supply management system — characterized by quota controls and exorbitant tariffs — is increasingly outdated. If the Liberals are serious about strengthening the agri-food sector, they would use this opportunity to chart a path toward reform. Modernizing supply management could lead to a more competitive, resilient industry while providing consumers with greater choice and better prices.
The previous Parliament’s passage of Bill C-282, which sought to shield supply management sectors from all future trade negotiations, was a deeply flawed move. Fortunately, the composition of the new Parliament should make it far less likely that such protectionist legislation will survive. A more pragmatic approach to trade policy appears possible.
On the domestic front, there are reasons for cautious optimism. The Liberals have promised to eliminate remaining federal barriers to interprovincial trade and to improve labour mobility — longstanding obstacles to the efficient movement of agri-food products across Canada. Momentum was building before the election, and it must continue if we are serious about building a stronger domestic food economy.
Infrastructure investment is another bright spot. The Liberals pledged over $5 billion through a Trade Diversification Corridor Fund to improve Canada’s export infrastructure, helping to lessen our dependency on the United States. Canada’s trade gateways are severely undercapitalized; strategic investment here is overdue and critical for agri-food exporters.
Commitment to Strengthening Food Processing in Canada
Finally, the Liberal platform was alone in explicitly committing to support food processing in Canada — a crucial pillar of domestic food security. An increased focus on manufacturing will not only create jobs but also reduce reliance on imported food products, making Canada more resilient in the face of global disruptions.
Historically, Liberal governments have been more urban-centric, with the agri-food sector — and especially farmers — often left feeling marginalized. The past four years have been particularly difficult, with frequent clashes over regulatory and trade policies. The hope now is that with greater political stability and a clearer focus on competitiveness, the next four years will bring a more constructive relationship between Ottawa and Canada’s agri-food sector.
The stakes are high. Canada’s food security, trade competitiveness, and rural vitality depend on it.
Junction Public Market in Vancouver. Photo: Patrick Carnagie
Downtown Vancouver’s popular outdoor marketplace, Junction Public Market, is set to return for a second year, launching its 2025 spring-summer season on May 1. Located at Granville Square, 200 Granville Street—between Waterfront Station and Canada Place—the unique shopping and entertainment destination will once again feature vendors operating out of customized shipping containers, food trucks, a licensed waterfront patio, and live programming.
The market will run from May 1 through September 28, 2025, operating Tuesday through Sunday from 10:00 a.m. to 7:00 p.m. Organizers have also announced plans for special seasonal events, including an Oktoberfest market and holiday programming extending into December.
“We are excited to partner with Cadillac Fairview again, to launch Junction Public Market for a second year,” said Patrick Carnegie, longtime public space manager and co-founder of Junction Public Market. “Our first year saw locals, downtown commuters and tourists alike visiting to snap selfies with the iconic Vancouver sign, grab lunch at a food truck, pick up gifts for loved ones, or enjoy after-work drinks on our licensed patio. Junction Public Market is now a Vancouver destination where people can meet, shop, and unwind with spectacular harbour views.”
Entry to Junction Public Market is free, making it an accessible option for residents and tourists alike looking to experience local culture, food, and entertainment in the heart of downtown.
Junction Public Market in Vancouver. Photo: Patrick Carnagie
Partnering with Cadillac Fairview to Activate Public Space
Cadillac Fairview, which owns and manages the plaza at Granville Square, is once again partnering with Junction Public Market to bring vibrancy and community activation to Vancouver’s financial district.
“We’re delighted to partner with Junction Public Market again to bring this vibrant experience to Vancouver’s financial district and waterfront community,” said Jesse Gregson, Vice President of Operations, Cadillac Fairview. “Last year’s event received fantastic feedback and we’re looking forward to transforming our plaza into a lively marketplace for everyone to enjoy.”
The initiative reflects a broader trend of downtown revitalization projects aimed at reimagining public spaces post-pandemic, with an emphasis on open-air markets, community events, and placemaking to attract foot traffic and support small businesses.
Mother’s Day Event Kicks Off Seasonal Programming
The 2025 season at Junction Public Market will officially kick off with a special Mother’s Day Market event, taking place on May 10 and 11 from noon to 5:00 p.m. The event promises a festive atmosphere ideal for family outings, featuring chocolate tastings, painting workshops, tarot card readings, and live entertainment.
Admission to the Mother’s Day Market is free, though some workshops and activities may involve a small fee. More information is available through the market’s website at junctionpublicmarket.com.
Organizers see these kinds of themed markets as an opportunity to bring the community together while showcasing local businesses and artisans in a fun and accessible way.
Junction Public Market in Vancouver. Photo: Patrick Carnagie
Shop Local: Vendors and Food Trucks Line Up for the 2025 Season
This year’s roster at Junction Public Market reflects an impressive mix of retail, food, and beverage vendors, with a strong emphasis on supporting local entrepreneurs.
Among the confirmed micro-retailers:
Art Spot
All the Good Things from BC
KK Jade Jewelry
OnlyViking
Standout Boutique
Bennu Leather
Cappelleria Bertacchi
Puccissime Pet Couture
Food and beverage options promise to be a highlight once again, with selections ranging from artisanal gelato to mead:
Gabronni Gelato
Cookies by John
Golden Age Meadery
The Lab
Ninja Quack Smoothie
Living Lotus Chocolate
Visitors can also expect a rotating schedule of additional food trucks and pop-up artisans throughout the season, making each visit to the market a unique experience.
Relax and Unwind at The Sipping Container Patio
A standout feature of Junction Public Market is its licensed patio, known as The Sipping Container, which offers visitors the chance to enjoy a drink with one of the best views in the city. The patio overlooks Vancouver’s harbour and the North Shore mountains, providing a scenic backdrop to a curated menu of local beers, wines, and pre-mixed cocktails—all available at reasonable prices.
The open-air design and waterfront setting have made The Sipping Container one of the more popular draws for after-work crowds and weekend visitors alike.
“Our goal is to create a place where people can gather, shop, eat, and relax,” Carnegie emphasized. “It’s about offering an experience that reflects the best of Vancouver—its creativity, community spirit, and stunning natural beauty.”
Junction Public Market in Vancouver. Photo: Patrick Carnagie
Expanding Programming for 2025
In addition to daily shopping and dining options, Junction Public Market will feature live music, special pop-up events, art installations, and interactive workshops throughout the spring and summer. Organizers encourage visitors to check the online event calendar regularly to stay updated on programming and vendor schedules.
The market’s extended programming into the fall and holiday seasons marks a notable expansion from its inaugural year. Seasonal events like Oktoberfest and a winter holiday market are expected to continue building Junction Public Market’s profile as a year-round destination.
“We learned from last year that Vancouverites want unique experiences downtown,” Carnegie added. “This year, we’re extending our footprint with new events and keeping the momentum going right into the holiday season.”
A Vibrant Addition to Downtown Vancouver’s Retail Landscape
With a growing focus on downtown revitalization and experiential retail, Junction Public Market is helping reshape how Vancouverites interact with the city’s core.
By blending shopping, dining, entertainment, and community engagement, the market offers a model that many cities are embracing: temporary and flexible retail spaces that encourage discovery and social interaction.
The collaboration between Cadillac Fairview and Junction Public Market also showcases how private landlords can play an active role in activating public spaces, supporting local businesses, and enhancing urban vibrancy.
As Carnegie aptly put it, “We believe that Junction Public Market is part of a bigger movement to rethink how people experience downtowns—and we’re proud to be leading that change right here in Vancouver.”
Vancouver-based waterproof footwear brand Vessi has announced the appointment of Lorrin Pascoe as its new Chief Marketing Officer (CMO)—a strategic move that signals the company’s ambitions to scale globally and solidify its position as a leader in waterproof sneakers.
The company, founded in 2018, has built a reputation for creating 100% waterproof, comfortable footwear that inspires people to embrace rainy days. With a loyal customer base and growing international recognition, the retailer is now focusing on deeper market penetration and brand storytelling—areas Pascoe is expected to spearhead.
Lorrin Pascoe, Vessi CMO (CNW Group/Vessi)
Pascoe brings over 20 years of experience in marketing leadership roles, with a proven track record of building category-defining brands and delivering sustainable business growth. He will oversee marketing strategy, digital campaigns, brand storytelling, and community engagement as the company enters its next phase of growth.
“Lorrin’s unique blend of creative vision and data-driven leadership makes him the perfect person to help shape the next chapter of Vessi,” said Andy Wang, Co-Founder and CEO of Vessi. “His passion for purpose-led brands and deep expertise in omnichannel marketing will be instrumental as we continue to redefine what it means to be a modern, mission-driven brand.”
Prior to joining Vessi, Pascoe held senior marketing roles at KOHO, Sonos, and Adidas, where he led high-impact campaigns and helped build strong brand communities.
Andy Wang
Speaking about his new role, Pascoe shared a personal connection to Vessi’s mission. “Having always had a deep personal connection with water, be it the ocean, rivers, or rain, discovering Vessi was almost life-changing for me, by unlocking the fun of wet weather,” said Pascoe. “I’m excited to help lead the brand into its next chapter – scaling with intention, connecting deeply with consumers, and amplifying the values that have made Vessi so beloved by its community.”
The appointment marks a key milestone for Vessi as the company continues to launch new product innovations and invest in customer-first initiatives aligned with its core values.
Founded in Vancouver, BC, Vessi’s mission is simple yet impactful: to inspire happiness in the rain. With its focus on waterproof comfort and style, the brand has redefined how people experience wet weather, transforming rainy days into opportunities.
Gay Lea Foods Co-operative Limited has announced a major expansion of its long-standing partnership with Second Harvest, committing $1.2 million over three years to support food rescue and redistribution efforts across Canada.
The Canadian dairy co-operative, owned by farmers in Ontario and Manitoba, is joining forces with Second Harvest — the country’s largest food rescue organization — to address two growing concerns: food insecurity and food waste. The initiative is expected to provide the equivalent of 3.6 million meals to communities in need over the next 36 months.
Suzanna Dalrymple
“Gay Lea Foods has a long history of supporting Canadian communities, and we are proud to deepen our commitment through this transformative national partnership with Second Harvest,” said Suzanna Dalrymple, President & CEO of Gay Lea Foods. “Together, we can help put good food on more plates and reduce the amount of edible food ending up in landfills across our country.”
Second Harvest rescues surplus, nutritious food from across the supply chain and redistributes it to a network of more than 5,000 non-profits across every province and territory. Last year, the organization recovered over 87 million pounds of food — food that might otherwise have gone to waste.
Lori Nikkel
“This expanded partnership with Gay Lea Foods shows just how much impact purpose-driven businesses can have,” said Lori Nikkel, CEO of Second Harvest. “By providing both funding and surplus product, Gay Lea Foods is helping us get nutritious, high-quality food — like dairy — into communities that really need it, while also keeping good food out of landfills.”
The roots of this partnership stretch back to 1997, when Gay Lea Foods began donating surplus product to Second Harvest’s Food Rescue program. With the newly expanded collaboration, Gay Lea Foods will now be increasing its donation of surplus dairy products from production facilities across Canada, ensuring more non-profit organizations receive essential food items.
The announcement also highlights Gay Lea Foods’ broader community commitment, with the company reinvesting one percent of pre-tax earnings into Canadian communities each year through partnerships like this one and through the Gay Lea Foundation.
Hockey Supremacy Express at Sportplexe Pierrefonds. Image: Sportplexe Pierrefonds
Canada’s largest online hockey retailer, Hockey Supremacy, has filed for bankruptcy amid mounting financial pressures. According to court documents filed on March 26, 2025, the Candiac, Québec-based company listed approximately $5.7 million in liabilities and assets valued at just $50,000.
The filing was made under the supervision of Raymond Chabot Inc., who has been appointed trustee for the company’s estate. A first meeting of creditors was scheduled for April 15, 2025.
As of late April, HockeySupremacy.com—the company’s main sales platform—has gone offline, displaying a message stating “Closed Until Further Notice,” confirming the sudden halt in operations.
Company History and Market Position
Founded in 2010, Hockey Supremacy quickly rose to prominence as a dominant force in Canadian online hockey retail. Headquartered at 122 Rue Paul-Gauguin in Candiac, the company positioned itself as the go-to destination for Canadians seeking hockey gear without the high shipping costs and customs fees often associated with U.S.-based sellers.
Through its website, Hockey Supremacy offered a wide selection of products, including skates, sticks, protective equipment, apparel, and accessories from leading brands such as CCM, Bauer, Warrior, and True. The retailer also specialized in custom team orders, offering personalized jerseys and equipment to organized teams across the country.
Beyond retail, the company was an active supporter of the Canadian hockey community, forging partnerships and sponsorships. One notable collaboration included work with CCM Hockey and Bishop’s University to develop female-specific protective gear and sticks, contributing to the advancement of women’s hockey.
Prior to its collapse, Hockey Supremacy had an estimated annual revenue of $5.1 million, reflecting its significant role in the Canadian hockey retail landscape.
Financial Struggles and Bankruptcy Details
Despite its strong market presence, Hockey Supremacy struggled financially behind the scenes. The bankruptcy filing outlines $5,693,648.76 in total liabilities, dwarfing the company’s modest $50,000 in assets. A severe lack of cash flow and insufficient revenue to maintain profitability were cited as primary reasons for the company’s downfall.
The company’s liabilities include:
$2,856,062.25 in secured debts (loans backed by specific collateral).
$42,680.78 in priority claims (including taxes and source deductions).
$2,794,905.73 in unsecured debts (vendors, service providers, and others).
Major creditors listed include Sport Maska Inc. (over $1.5 million owed), Bauer Hockey Ltd., Banque de Développement du Canada, and the Royal Bank of Canada, among dozens of others, including logistics and technology providers.
Assets listed in the filing include accounts receivable, inventory, retail and warehouse equipment, vehicles, and minor intellectual property such as software licenses—however, most of these assets have been assigned an estimated recoverable value of zero.
Broader Implications for the Hockey Retail Industry
The collapse of Hockey Supremacy raises concerns about the stability of specialty retailers within the Canadian sports equipment sector. Despite being a market leader online, the company’s struggles highlight the intense competition from larger national and multinational retailers, as well as the challenges posed by rising operating costs, inventory management issues, and economic pressures on discretionary consumer spending.
The trustee will oversee the liquidation of assets and the distribution of any recovered amounts, though recoveries are expected to be minimal given the company’s severe deficit. The bankruptcy documents also indicate that several secured lenders may attempt to recover specific assets tied to outstanding loans, such as warehouse equipment and inventory stock.
At this time, no information has been disclosed regarding any potential acquisition of Hockey Supremacy’s brand, website, or remaining assets by another player in the industry.
No Name Brand Signage at Loblaws Maple Leaf Gardens (Image: Dustin Fuhs)
As Canadian consumers face ongoing economic pressures, private label brands are gaining momentum in the retail and grocery sectors. According to Elliot Morris, Partner with EY Canada, the trend isn’t just growing—it’s accelerating faster in Canada than elsewhere globally.
“Private label is growing faster here in Canada than in other parts of the world,” said Morris in a recent interview. “There are twice as many people that are buying private label brands today in Canada than there were five years ago.”
Elliot Morris
He pointed to findings from EY’s latest Future Consumer Index, which surveyed 25,000 people globally. It revealed not only a spike in private label purchases but a strong level of retention among those who try them.
“About 40% of those who try private label don’t intend to return to brands,” said Morris. “So that just shows that there’s more willingness to try and then more willingness to stay with private label brands.”
Several factors are fueling the shift, including lingering inflation, supply chain disruptions during COVID-19, and ongoing concerns around pricing.
“There’s been persistent price pressure,” Morris said. “As we move into an era where there’s U.S. tariffs, or at least the threat of U.S. tariffs on products, it accentuates people’s willingness, desire, and perceived need to look for items beyond just price.”
Morris added that consumers are finding more value in attributes other than branding. “If brand has become relatively less important to people, other dimensions have become more important. Price first amongst them—but it’s also easy to find private label that has lots of other types of value and benefit beyond brand.”
While private label has long held sway in categories like fresh food, it’s now expanding into new territory. “When you think about beauty and cosmetics and personal care, and in some cases snacks and confectionary in particular, those are all places where private label are making big inroads,” Morris noted.
The implications for grocery retailers are significant. “The aisle is fundamentally changed,” said Morris. “Even within the grocery store, private label is becoming more front and centre especially in specific categories, and putting a bunch of pressure onto more traditional brands.”
Online, the pressure intensifies
“Through e-commerce private label continues to play more and more,” said Morris. “There’s an endless shelf, and one which consumers now feel more and more empowered to be able to search for themselves to find what they want.”
Traditional brands are under increasing threat from both private labels and challenger brands, and the risks are real. “If these companies don’t adapt, I fear that many traditional brands look to the recent history and believe that they have the muscle to be able to persist and win,” he said. “The challenge is that through each of those incidents, they’ve also decreased brand loyalty.”
He warned that many brands rely too heavily on old strategies. “The same old moves aren’t going to be able to keep you afloat,” he added. “A lot of the consumer products companies have to come up with new plays that enhance trust and also ensure that they’re able to continue to succeed.”
Innovation may no longer be enough
“More than 40% of consumers believe that the improvements that traditional brands are making through ‘innovation’ are really just dressed-up cost cutting measures in disguise,” Morris said. “A lot of the purchasing behaviour means that people are buying less as a result. So the returns to price changes are going down and down.”
Still, he sees opportunity on the horizon for brands that act quickly. “If consumer products companies can find ways to not only improve loyalty amongst their existing customers but go after new customers, I think that this is a big opportunity for them to be able to both grow share and continue to grow.”
Marcon, in collaboration with QuadReal Property Group, is set to open TriCity Pavilion this spring at 2968 Christmas Way in Coquitlam. This marks the third and most ambitious iteration of the Pavilion concept and serves as a living preview of the forthcoming TriCity Central mixed-use development.
Spanning 12,000 square feet, TriCity Pavilion will showcase best-in-class local hospitality, innovative design, and cultural programming, and will be anchored by Nemesis and Gigi’s by Ask for Luigi—both making their debut in the Tri-Cities.
Nic Paolella
“TriCity Pavilion is a manifestation of the energy, culture, and quality that will define TriCity Central — a catalyst for what Coquitlam’s future as a regional city centre can look like,” said Nic Paolella, Executive Vice President of Marcon.
“It’s a living expression of the community we’re building – a place where people can already begin to experience what’s to come. To do this, we knew we had to collaborate with some of the brightest minds in the hospitality industry – Nemesis once again, and the Kitchen Table Group.”
This new Pavilion follows successful openings in Port Moody and Surrey, which have welcomed more than 250,000 visitors. A TriCity Central Sales Gallery, opening at a later date within the Pavilion, will offer a gathering space for realtors, prospective buyers, and locals to explore the vision for the future community.
Nemesis Brings Coffee Culture to Coquitlam
Jess Reno (Community | 102+Park by Marcon)
Following its successful debut in Surrey, Nemesis TriCity will bring its signature hospitality-first coffee experience to the region, including a full cocktail program, Dope Bakehouse pastries, and a dedicated pastry kitchen for fresh baked goods throughout the day. The new location will feature 50 seats across 2,300 square feet.
“The Tri-Cities is one of Metro Vancouver’s fastest growing regions, and we look forward to working with Marcon once again to bring a new community hub to life with TriCity Pavilion,” said Jess Reno, Founder and CEO of Nemesis. “It’s incredible to think this forthcoming location will be our fifth. We’re excited to continue our pursuit of ‘coffee creating culture’ in the Tri-Cities.”
Gigi’s by Ask for Luigi Brings Italian Warmth to the Tri-Cities
Joining Nemesis is Gigi’s by Ask for Luigi, the latest concept from Vancouver’s Kitchen Table Group, known for its MICHELIN Guide-recommended Ask for Luigi. Led by Top Chef Canada winner Chanthy Yen and Head Chef Lloyd Taganahan, Gigi’s will offer pasta, pizza, Italian wines, and cocktails in a relaxed space designed for everyday dining.
Jennifer Rossi
“With Gigi’s by Ask for Luigi, we’re bringing the same heart and hospitality that our Vancouver restaurants are known for to the Tri-Cities,” said Jennifer Rossi, Co-Founder of Kitchen Table Group. “In partnership with Marcon, we’ve created a space that’s warm, welcoming, and made for everyday dining. We can’t wait to open our doors later this spring.”
Designed for Community, Built for the Future
The Pavilion’s architecture is the result of a rare collaboration with internationally-renowned landscape architect Paul Sangha, marking his first foray into extending landscape into architectural form. Interiors for both Nemesis and Gigi’s were designed in collaboration with Marcon’s in-house Design Studio, aligning with each brand’s identity while complementing the Pavilion’s cohesive vision.
“TriCity Pavilion is a purpose-built destination and a tangible expression of what’s to come at TriCity Central,” added Paolella. “In partnership with QuadReal Property Group, we hope to bring a new era of downtown living to the Tri-Cities.”
TriCity Central: Coquitlam’s New Regional City Centre
TriCity Central is a future mixed-use community by Marcon and QuadReal, strategically located next to Coquitlam’s major transit hub—including the Millennium Line, West Coast Express, and regional bus loop. The plan includes over 4,000 homes, parks, retail, office space, and cultural initiatives.
Paul Faibish
“TriCity Pavilion is a bold and exciting preview of what’s to come at TriCity Central,” said Paul Faibish, Senior Vice President, Development at QuadReal Property Group. “In partnership with Marcon, our vision is to create a complete, connected urban hub for the Tri-Cities – one that reflects the diversity and vibrancy of this region. It all starts with community-first initiatives like this.”
