Home Blog Page 470

First Indigenous-Owned department store aaniin to open at CF Toronto Eaton Centre

Chelsee Pettit,
Chelsee Pettit,

A transformative shopping experience is coming to downtown Toronto this holiday season. The first-ever 100% Indigenous-owned department store, aaniin, will open at the CF Toronto Eaton Centre from November 29 to December 31, marking a milestone for Indigenous entrepreneurship in Canada.

Occupying 6,500 square feet, the aaniin pop-up will feature over 40 Indigenous-owned brands, showcasing apparel, jewelry, accessories, wellness products, books, and artwork.

“Aaniin,” meaning hello in Ojibwe, is a pop-up store and in-house streetwear brand that will feature familiar and emerging “Canadian”-made, Indigenous-owned brands from across the country.

Notable Indigenous-owned brands include aaniin, Cheekbone BeautyLesley HamptonUrban Native EraMini Tipi (as seen on Dragon’s Den), Section 35, Kokom ScrunchiesDecolonial Clothing and many more. The pop-up will also highlight multiple Indigenous languages and Indigenous syllabics throughout the space, amplifying Indigenous voices and creating a place of visibility and respect. 

A Vision Rooted in Community

Chelsee Pettit, founder of aaniin and an Anishinaabe entrepreneur from Aamjiwnaag First Nation, sees the store as a space of inclusion, celebration, and economic empowerment.

Chelsee Pettit,
Chelsee Pettit,

“This store is a proof of concept for what Indigenous commerce can look like in the future,” said Pettit. “Every product, design, and interaction is about elevating Indigenous voices and stories. This pop-up is our biggest venture yet, and I’m excited to share this experience with the city during its busiest shopping season.

“This store is all about celebrating Indigenous creativity, and we’ve made supporting our community easier than ever in a way that’s powerful, accessible and inclusive. Every detail, every brand we feature, is here to share their stories and talent with the world this holiday season, and I couldn’t be more thrilled to share this experience with the downtown core.”

Pettit’s journey began in 2021, inspired by a moment in downtown Toronto when she mistook a pattern for Indigenous syllabics. This spark led to the creation of aaniin, which has grown through various storefronts and pop-ups, including a successful stint at Square One Mall in Mississauga, where Pettit generated nearly $100,000 in sales in just over four weeks as a solo operator.

“This time, we’re going even bigger, with a large team and more than triple the number of brands,” Pettit added. “We’re showing what’s possible when Indigenous talent is showcased on this scale.”

Highlighting Indigenous Excellence

The pop-up will feature established names and emerging talents from across Canada. Highlights include:

  • Cheekbone Beauty: Sustainable beauty products, with founder Jenn Harper offering mini-makeovers on select days.
  • Lodge Soy Candles: Medicine-infused soy candles blending Indigenous traditions with modern wellness.
  • Hand-Tufted Rugs by Rochelle: Unique, Y2K-inspired designs by Alberta-based artist Rochelle.
  • Books, artwork, and home goods will also be available for the first time.

Indigenous languages and syllabics will be prominently featured, emphasizing the cultural significance of each product and design.

This pop-up invites shoppers to rethink Indigenous commerce and join a movement of economic sovereignty and empowerment. By showcasing Indigenous excellence, aaniin challenges colonial perceptions of Indigenous business and creates space for brands to flourish. 

Photo: Aaniin
Barb Gamey
Barb Gamey

The success of this project has been made possible by the unwavering support of aaniin’s sponsors. As the first sponsor of this pop-up, the Co-Founder of Payworks, Barb Gamey, couldn’t be prouder: “Payworks applauds the powerful creativity, grit and determination shown by aaniin in reclaiming space for Indigenous-owned businesses. We’re honoured to support this initiative and Indigenous entrepreneurs from coast to coast.”  

Shortly after Payworks took up the mantle, MasterCard also agreed to become a partner, and their commitment has been invaluable throughout the planning of the Toronto pop-up event.  

Jennifer M Sloan
Jennifer M Sloan

“We are proud to partner with aaniin on this initiative to bring Indigenous brands into a pop-up at the Eaton Centre, one of Canada’s most popular retail spaces during the busy holiday season,” said Jennifer M Sloan, Senior Vice President, Policy and Stakeholder Engagement, Mastercard, Canada. “This initiative aligns with Mastercard’s ongoing commitment to foster and amplify economic empowerment and prosperity for Indigenous entrepreneurs. By celebrating and supporting Indigenous business and entrepreneurship, shoppers will have the opportunity to invest in a more inclusive and resilient Canadian economy.”  

Looking Ahead: Community Ownership and Expansion

While the Eaton Centre pop-up is a short-term venture, Pettit has bold plans for the future. She aims to secure $500,000 to $2 million in investments from Indigenous communities across Canada to create a community-owned business model and establish permanent spaces for Indigenous businesses in downtown Toronto.

“This is about more than retail—it’s about creating a legacy,” Pettit explained. “I want to establish physical spaces that support Indigenous entrepreneurs while building economic stability for our communities.”

Where to Find aaniin

The aaniin pop-up will be located on the second floor of the Eaton Centre, near Aritzia, in the former American Eagle space. It opens on Black Friday, November 29, and runs through December 31.

Free Shipping a Dealbreaker for Online Shoppers, FedEx Report Finds

Photo- FedEx
Photo- FedEx

As the e-commerce landscape heats up ahead of the holiday shopping season, a new white paper from FedEx and Morning Consult shines a spotlight on a trend retailers can’t afford to ignore: free shipping is no longer a luxury—it’s an expectation.

According to the report, “Bridging the e-Commerce Divide: Meeting Consumer Demands with Merchant Offerings”, a staggering 75% of consumers prioritize free shipping over fast delivery, and 81% are willing to spend more to meet minimum thresholds for free shipping. However, only 48% of retailers are meeting this demand.

Jason Brenner
Jason Brenner

“The consumer preference for free shipping over fast delivery—and their willingness to build bigger baskets to hit the threshold—is a significant behavioral shift,” said Jason Brenner, senior vice president, digital portfolio, FedEx. “As the holiday season approaches, the question is not whether retailers can afford to offer free shipping—it’s whether they can afford not to.”

Cart Conversion Hinges on Shipping Costs

Consumers surveyed revealed that free shipping outranks even price competitiveness, with 57% identifying it as a top priority in online shopping. Retailers, take note: shoppers are not just abandoning carts over high shipping fees—they’re actively looking for ways to maximize savings.

While consumers prefer no minimum threshold for free shipping, they’re not shy about spending more to avoid fees.

Convenience is Still King—At a Cost

Beyond free shipping, the report highlights consumers’ willingness to pay for convenience, with 55% of shoppers ready to shell out for same-day delivery and 45% for next-day delivery.

A Winning Formula for E-Commerce Success

The study outlines a roadmap for retailers to boost cart conversion:

  • Free shipping and returns to eliminate purchase barriers.
  • Accurate tracking to build trust.
  • On-time delivery to ensure customer satisfaction.

For merchants, the implications are clear. Consumers are increasingly savvy, willing to spend strategically for value and convenience. As competition tightens, the ability to adapt to these preferences could be the deciding factor for long-term success.

Retailers who ignore this call to action, especially during peak shopping periods, risk leaving money on the table—and alienating their customer base.

The full white paper can be accessed on the FedEx E-commerce Resources page.

Related articles:

Toronto-Based Startup Frate Pioneers AI-Driven Return Solution for Retailers

Lessons from D2C Retail Failures: Adapting Customer Value in Canada

Former Allbirds store at Yorkdale Shopping Centre in Toronto (Image: Allbirds)

Remember 2019? The retail landscape seemed poised for a revolution. Peloton studios were destined for every market, Away luggage would anchor our malls, and ThirdLove was set to dethrone Victoria’s Secret. The future of brick-and-mortar retail belonged to digital natives—or so some thought.

Five years later, that dream lies in tatters. Many of these once-promising digital natives are fighting for survival, let alone contemplating expensive physical retail expansions. While Warby Parker stands as a success story, it serves more as an exception that proves the rule than a blueprint for others to follow. The cruel irony? These disruptors fell victim to the same fate as the traditional retailers they sought to replace: failing to remain relevant in a rapidly evolving marketplace.

Misunderstanding Value Propositions in Retail

The error lies in a fundamental misunderstanding of their value proposition as retailers. Successful retail operates in one of three lanes: the lower end on price, the higher end on luxury and middle market on the unique value their product offers. Most D2C brands positioned themselves in the crowded middle market, competing on value, brand and the quality of their marketing. Bonobos promised to make you better dressed. Great Jones would transform you into an accomplished home chef. The product wasn’t just the product—it was a lifestyle, supposedly at an accessible price point.

But here’s the challenge: what consumers value inevitably shifts. Just ask Walmart, which acquired Bonobos for $310 million only to offload it for $75 million. Or Great Jones, which had decimated its workforce by late 2022 and was acquired by Meyer for pennies. The D2C emperor’s new clothes turned out to be just that—an illusion of value that couldn’t sustain itself in the physical retail space.

Former Peloton location at 969 Robson St in Vancouver — Roots will use the corner for its flagship. Photo: Lee Rivett

Middle Market Retail Success Stories

Yet the middle market isn’t dead—far from it. Look at Gap’s resurgence, Pet Valu’s expansion, or the continued success of retailers like Ulta Beauty, EQ3, and Tractor Supply. What separates these winners from the D2C and legacy retail casualties? Strategic renewal.

These successful retailers don’t just understand their current market: they actively engage with customers to anticipate how their values are evolving and map those evolving needs to their core capabilities. This continuous process of strategic renewal helps retailers understand not just how big their market is, but how big it could be — and how to capture it. While D2C brands staked everything on their brand value proposition, successful traditional retailers have been quietly mastering the art of evolving with their customers.

The D2C brands that failed in physical retail made a critical error: they assumed their digital success would automatically translate to brick-and-mortar. They relied heavily on brand cachet without developing the deeper value propositions that sustain physical retail.

Creating Value in Multi-Faceted Retail Markets

Successful middle market retailers think about “value” in multi-faceted terms. Customers do an internal calculation of price/experience/quality/functionality and others and all these elements need to balance. The key is to create a compelling product and experience that justifies a premium over discount retailers while remaining accessible to mainstream consumers.

If you over focus on one element of the calculation, like making an overly “cool” product that is low quality or a product that is too utilitarian for contemporary tastes, you will struggle. Had the D2C companies engaged in constant renewal of their value proposition, our malls and high streets might indeed be filled with their stores today.

Lessons for Canadian Retailers

The lesson for Canadian retailers is clear: success doesn’t require disruption or reinvention. It requires an unwavering focus on what your customers truly value—and the wisdom to know that this will change over time. The D2C dream may have faded, but it’s left us with valuable lessons about the fundamentals of retail success.

As we look to the future of Canadian retail, perhaps it’s time to stop chasing the next big disruption and instead focus on the timeless principle of understanding and adapting to customer value—and the growth this strategic renewal makes possible.

More from Jared Gordon:

Kevito Group strengthens leadership with appointment of two new executives

Photo credit: Chatime

Markham-based Kevito Group, a rising powerhouse in the Canadian quick-service restaurant (QSR) sector, has announced the appointment of two seasoned executives to its leadership team.

Stephen Czetyrbok joins as Chief Operations Officer (COO), while Kaan Sayiner steps into the role of Chief Commercial Officer (CCO).

The company, known for its innovative food and beverage brands including Bake Code, Atealier, Botrista, and the global bubble tea phenomenon Chatime, is gearing up for accelerated growth with these strategic hires, it said in a news release.

As COO, Czetyrbok will oversee Kevito’s retail operations, marketing, and franchise development efforts, while also supporting the company’s initiatives to bring new concepts to market.

Kenton Chan
Kenton Chan

“Stephen’s deep experience in scaling brands and his proven leadership in the food services sector will be instrumental in guiding Kevito’s next phase of growth,” said Kenton Chan, Founder and CEO of Kevito Group.

The company said Czetyrbok’s impressive career includes senior roles at Prime Restaurants and MTY Food Group, as well as being the driving force behind bringing Five Guys to Canada during his tenure with Cypress Five Star. Most recently, he served as CEO of Maker’s Pizza and COO of CraveIt Restaurant Group, where he played a pivotal role in expanding brands and leading profitable exits.

Stephen Czetyrbok
Stephen Czetyrbok

“I’m thrilled to join Kevito Group at such an exciting time,” said Czetyrbok. “With a portfolio of dynamic brands and an ambitious vision, we have a tremendous opportunity to redefine the QSR landscape in Canada.”

In his new role as CCO, Sayiner will focus on driving commercial growth, innovation, and guest experience across Kevito’s brands. With nearly 30 years of marketing and operations expertise, Sayiner has been recognized as one of Canada’s Top 10 Marketers and awarded the prestigious Forty Under 40 for business leadership and impact, said the company.

Thomas Wong
Thomas Wong

“Kaan’s remarkable track record in aligning marketing and operations to deliver measurable growth makes him a perfect fit for Kevito,” said Thomas Wong, Co-Founder and President.

Sayiner will also oversee insights, analytics, and product innovation, ensuring the company’s brands remain at the forefront of consumer trends. “Kevito’s commitment to global inspiration and premium offerings is unmatched,” said Sayiner. “I’m excited to contribute to shaping the future of these incredible brands.”

Kaan Sayiner
Kaan Sayiner

The addition of Czetyrbok and Sayiner comes as Kevito Group continues to expand its footprint, with over 100 retail locations already established.

“I believe we are more strongly positioned than ever before,” said Wong. “With Kaan and Stephen on the team, we are equipped for significant momentum in the market.”

Kevito Group said it is redefining Canada’s quick-service restaurant industry through its growing portfolio of premium, globally inspired food and beverage brands. Its innovative offerings include Chatime, Bake Code, Atealier by Chatime, and Botrista, all designed to bring unique flavors and exceptional experiences to consumers.

With bold leadership and an ambitious vision, Kevito said it is poised to lead the next wave of growth in the QSR sector.

Related articles:

Nobis Wins CAFA 2024 Outerwear Brand of the Year Award

Nobis Fall/Winter 2024 ad campaign featuring Sean O'Pry. Image: Nobis

Nobis, a premium Canadian outerwear brand, has been recognized with the prestigious Canadian Arts & Fashion Awards (CAFA) title of Outerwear Brand of the Year for 2024. 

Co-founders Robin Yates and Kevin Au-Yeung accepted the award, reflecting on the brand’s unique journey and dedication to creating outerwear that combines high-performance technology with timeless style. 

“The road less travelled isn’t the fastest track, but it’s meaningful. It’s purposeful, and consumers get it,” said Yates, highlighting Nobis’s distinctive approach to the market.

Robin Yates, co-founder of Nobis

Innovative Technologies Drive Nobis’s Success

Central to Nobis’s success is its unwavering commitment to innovation. The brand’s seam-sealed construction ensures garments are fully waterproof, providing unparalleled protection from harsh elements while remaining breathable and flexible. “When we talk about waterproofing, we mean true protection,” said Yates. “Our garments are designed to keep moisture out without sacrificing comfort.”

The brand’s use of premium Canadian down offers exceptional warmth without unnecessary bulk, striking a balance that resonates with consumers. “We wanted to redefine what warmth meant,” explained Yates. “By using high-loft Canadian down, we’ve created a product that keeps you comfortable without weighing you down.”

To further assure product authenticity, Nobis incorporates a Certilogo system, allowing customers to verify their purchase and learn about its origins. “Consumer trust is paramount,” said Yates. “The Certilogo system ensures every Nobis jacket is genuine and of the highest quality.”

Inside the Nobis store in Beijing. Image: Nobis
Technical features in a Nobis jacket. Image: Nobis

Blending Utility with Style

Nobis’s success extends beyond performance, making waves in the cultural and fashion landscapes with a unique approach that bridges function and style. “We believe outerwear shouldn’t just perform—it should resonate with your lifestyle,” said Yates. The brand’s focus on “quiet luxury” and timeless design has established it as a major player in the “Gorp-core” fashion trend, which blends performance-driven outerwear with everyday wearability.

Yates shared that Nobis’s ability to transition seamlessly from outdoor adventure to city life sets it apart. “Our customers can wear a Nobis jacket while snowmobiling in minus 50 and then step into a fine dining restaurant in Toronto,” he noted. “This adaptability is at the core of what we do.”

Nobis at Toronto Premium Outlets in Halton Hills. Image: Nobis

Competitive Positioning in the Outerwear Market

Nobis differentiates itself from competitors by focusing on quality, innovation, and durability over high-profile marketing campaigns. “We allocate our resources to making a better product, not just selling it,” said Yates. “Consumers deserve more than just a label—they deserve a jacket that delivers.”

Nobis designs for real-world adaptability. “Our goal has always been to offer outerwear that’s both stylish and genuinely functional,” said Yates. “This is what sets us apart and keeps customers coming back.”

Nobis’s Focus on Sustainability

Nobis’s dedication to sustainability is evident in every aspect of its operations. The brand uses bluesign®-approved fabrics, OEKO-TEX® certified trims, and certified recycled materials to create its products. “We believe in reducing waste and maximizing the lifespan of every garment,” said Yates. “It’s about creating products that endure, both in quality and in their environmental impact.”

Nobis’s “Next by Nobis” platform exemplifies its commitment to circularity by allowing customers to buy and sell authenticated, pre-loved jackets. “This initiative extends the life of our products and makes premium outerwear accessible to more people,” Yates explained. “Sustainability isn’t a buzzword for us—it’s a responsibility.”

Image: Nobis website

Future Goals and Innovations

Looking ahead, Nobis plans to expand its reach in key markets, including Asia and North America. “Our expansion into Japan and South Korea is thoughtful and strategic,” said Yates. “We’re committed to representing the brand with integrity and ensuring every market understands our values.”

Innovation remains a driving force behind Nobis’s future plans. “We’re developing new lightweight shells and modular systems that provide maximum versatility,” Yates shared. “Our goal is to offer products that adapt to any climate and lifestyle.”

Nobis store in Chengdu, China. Image: Nobis

Recognition for a Unique Approach

Winning the CAFA Outerwear Brand of the Year Award is a testament to Nobis’s dedication to innovation and excellence. “This recognition is meaningful because it reflects our commitment to doing things differently,” said Yates. “We’ve never taken the easy path, but it’s rewarding to see that consumers and industry experts appreciate our efforts.”

Yates concluded by expressing his gratitude. “This award belongs to our entire team and every customer who believes in us,” he said. “Nobis is about more than just outerwear—it’s about a connection, a promise, and a commitment to quality.”

More from Retail Insider:

Roots to open new flagship store on Robson Street in Vancouver 

Rendering of the Roots on Robson Street -- image is of the current 919 Robson Street space. Image supplied

Roots, a staple of Vancouver’s Robson Street since 1996, is set to open a new flagship store at the corner of Robson and Hornby Streets early next year. The new location will replace the nearby Roots store that has operated for nearly 30 years at 1001 Robson Street, at the corner of Burrard Street.

Scheduled to open in early 2025, the new flagship promises to offer an enhanced, immersive shopping experience. Roots’ new flagship was made possible by securing a lease at 919 Robson Street, the former site of Peloton. Peloton opened there in late 2020 and shut earlier this week.

Roots’ Two-Phase Flagship Refresh

The transformation began in September 2024 when Roots launched the first phase of its flagship refresh with a soft opening at its smaller 929 Robson Street location, in a retail space formerly occupied by TWG Tea (which never opened). Roots recently secured the lease for an adjacent retail space occupied by Peloton, allowing for the creation of the flagship. 

Meghan Roach

The move allows Roots to showcase a forward-looking store design emphasizing connection to nature and community engagement.

“The expansion into the Peloton space is part of our broader vision to modernize our brand presence on Robson Street while staying true to our heritage,” said Meghan Roach, CEO of Roots. “We’re excited to provide an elevated experience that enhances accessibility and creates deeper connections with our customers.”

The upcoming expansion will bring Roots into a 4,000-square-foot space with storefront windows on both Robson and Hornby Streets, enhancing the flagship’s visibility and accessibility. The prime corner placement is expected to capture significant pedestrian traffic and create an inviting atmosphere for both new and loyal customers.

Modern Design Meets Nature-Inspired Elements

The new flagship will blend modern technology with Roots’ connection to nature, a cornerstone of the brand’s identity. The space will feature transparent digital screens capable of switching from opaque to clear, offering a unique way to engage customers with campaigns and promotions. Additionally, moss walls, extensive greenery, and other nature-inspired elements will provide a calming, immersive shopping experience.

“We want customers to feel connected with nature while experiencing our brand,” Roach explained. “The use of digital technology, combined with greenery and natural elements, creates a space that feels authentic to Roots’ heritage. It’s a balance of modernity and tradition.”

The flagship’s open layout will stand in contrast to the compartmentalized design of Roots’ 1001 Robson flagship. “Our existing location has served us well, but it’s time to evolve,” Roach noted. “The new space offers a more open, welcoming feel, which we believe aligns with our brand’s direction and customer needs.”

Exclusive Vancouver Collection and Unique Offerings

Roots will continue to offer its signature apparel lines, and the new flagship will also feature a dedicated space for the Vancouver Collection. The exclusive collection showcases products designed specifically for the Vancouver market, resonating with both locals and tourists. “Robson Street is one of our largest tourist destinations, so it makes sense to offer products unique to this city,” Roach said. “The Vancouver Collection allows visitors to take home a piece of Roots and a piece of Vancouver.”

The flagship will also receive special and limited-edition collections, often available only in a select number of stores. “Being a flagship location means we can provide our customers with unique merchandise that they won’t find elsewhere,” said Roach. “From collaborations to seasonal collections, our Robson Street store will always have something special.”

Former Peloton location at 919 Robson St in Vancouver — Roots leased the corner, and will join it to an existing 1,800 square foot Roots store that recently opened at 929 Robson Street. Photo: Lee Rivett

Strategic Real Estate Move Strengthens Roots’ Presence

The expansion into 919 Robson Street reflects a broader strategic move to strengthen Roots’ position within Vancouver’s competitive retail landscape. The transition will see Roots vacate its long-standing flagship at 1001 Robson Street, which has been a fixture for over two decades. Arc’teryx leased the space and will be opening a store there.

“Leaving our original flagship is bittersweet, but this new location gives us a chance to create something even more meaningful,” Roach said. “With high visibility and the opportunity to engage customers on multiple fronts, we’re excited about what the future holds.”

Jeff Berkowitz of Aurora Realty Consultants represented Roots in the lease transaction, while Mario Negris and Martin Moriarty of Marcus & Millichap represented the landlord, QuadReal. “We feel confident that this location offers an unparalleled opportunity for us to connect with our customers and continue our legacy on Robson Street,” Roach added.

Commitment to Vancouver and Community Engagement

Roots’ expansion highlights its commitment to Vancouver, a key market for the brand. The flagship store will be designed to host community events and initiatives, further strengthening its ties to the city. “Vancouver has always been an important market for Roots,” Roach said. “We see this flagship as a place to engage with the community and deepen our relationships.”

In addition to the new flagship, Roots will maintain its children’s store on Robson Street and its CF Pacific Centre location. “Each of our stores serves different consumer needs, and we’re committed to maintaining a strong presence across the city,” Roach noted.

Enhanced Visibility and Vibrant Surroundings

The flagship’s prominent location near Art Gallery Square ensures high pedestrian traffic, adding to its visibility. “We’re thrilled about the exposure this new location offers,” Roach said. “The design of the store allows us to create impactful brand impressions from multiple angles, making it a true 360-degree experience.”

On the 900 block of Robson Street, Roots joins flagship locations for Lululemon and Adidas, which will be opening a 35,000 square foot flagship store nearby this month.

Roots remains committed to creating an inviting space that blends modernity, tradition, and community engagement. “Our new flagship is a reflection of who we are as a brand and where we’re going,” Roach concluded. “It’s about creating a space where everyone feels welcome, connected, and inspired.”

More from Retail Insider:

Leading retailer Stokes initiates restructuring to reposition business

Image: Stokes

Stokes Inc., the largest independent tableware and kitchenware retailer in Canada, announced Friday that it has initiated the process to reposition its business for future growth and profitability by securing court protection under the Companies’ Creditors Arrangement Act (CCAA)

“The difficult but necessary decision was made to facilitate the implementation of the Company’s strategy that will secure its long-term viability in the best interest of its employees, customers and suppliers,” said a news release.

“Stokes has been a cornerstone of the Canadian retail community since 1935 and like most other retailers, is adapting to fundamental changes in the industry and a deteriorating macroeconomic environment. To better compete in today’s retail environment, Stokes will be reducing its retail footprint in Canada and streamlining its head office operations while focusing on digital transformation and its e-commerce platform.

“During the CCAA proceedings, Stokes will be seeking the Court’s authorization to close its less profitable stores while maintaining its profitable retail locations in Québec and Ontario and its head office operations in Montréal, Québec. Once the restructuring is completed, Stokes expects to continue to employ approximately 500 Canadians.”

Stokes at Bramalea City Centre

While a comprehensive restructuring plan is being developed, Stokes will continue to deliver the same exceptional customer experience and service, with no interruption in business operations. The company’s management is confident that it will emerge from its restructuring as a healthier and more competitive business, well positioned for the future, it said.

Ernst & Young Inc. was appointed as the CCAA Monitor and FAAN Advisors Group Inc. was appointed as Chief Restructuring Officer. Osler, Hoskin & Harcourt LLP acts as legal counsel to the Company.

Additional information related to the CCAA proceedings will be available on the Monitor’s website at www.ey.com/ca/stokes.

Stokes Inc. is a leading tableware and kitchenware retailer founded in 1935. The Company operates its retail business from 95 stores across Canada as well as from an online store. Stokes primarily sells its merchandise under the brands “Stokes”, “Thinkkitchen”, “Remy Olivier” and other private labels.

Related articles:

Canadian Tire sells major Brampton industrial property for $258 million

PHOTO: CANADIAN TIRE

has announced the sale of a 90-acre industrial property in Brampton, Ontario, for $258 million following a competitive North American bid process initiated earlier this year. The site, located at the intersection of Bramalea Road and Steeles Avenue, includes 1.5 million square feet of industrial space that has become redundant due to the company’s strategic supply chain investments and consolidation.

Greg Hicks
Greg Hicks

“Fifty years ago, this site was a groundbreaking development and a cornerstone of our supply chain,” said Greg Hicks, President and CEO of Canadian Tire Corporation. “In that same spirit, we have modernized and evolved our infrastructure, investing in state-of-the-art facilities in the region that are central to our future supply chain strategy.”

The sale marks another step in CTC’s ongoing efforts to unlock shareholder value through its real estate portfolio.

“Our need for this site has significantly decreased in recent years. This transaction exemplifies how we can surface value from surplus real estate assets while continuing to drive efficiencies in our operations,” Hicks added.

The deal is expected to result in a pre-tax gain of approximately $240 million, which will be reflected as a normalizing item in the company’s financials. Proceeds from the transaction will be used to reduce borrowings related to the company’s October 2023 consolidation of the Canadian Tire Financial Services business, said the company in a news release.

It did not disclose who purchased the property.

Canadian Tire strategy

The Brampton sale continues Canadian Tire’s strategy of monetizing non-core real estate assets, following the disposition of retail properties in Chilliwack, British Columbia, and the Greater Toronto Area, as reported in the company’s Q2 and Q3 2024 earnings results, it said.

Real estate remains a key pillar for Canadian Tire’s business model. According to the company, surplus properties present opportunities for value creation through sales, entitlement processes, or redevelopment.

The transaction is expected to close in Q4 2024, subject to customary closing conditions.

Hicks highlighted that the sale reflects Canadian Tire’s ability to balance operational efficiency with shareholder value. “This is a prime example of how we continue to evolve as a company, ensuring that our strategic decisions align with our vision for the future while delivering value to our investors.”

As Canadian Tire continues to modernize its operations, strategic moves like this reinforce the company’s commitment to operational excellence and long-term growth.

About Canadian Tire

Canadian Tire Corporation is a group of companies that includes a Retail segment, a Financial Services division and CT REIT. The retail business is led by Canadian Tire, which was founded in 1922 and provides Canadians with products for life in Canada across its Living, Playing, Fixing, Automotive and Seasonal & Gardening divisions. Party City, PartSource and Gas+ are key parts of the Canadian Tire network. The Retail segment also includes Mark’s, a leading source for casual and industrial wear; Pro Hockey Life, a hockey specialty store catering to elite players; and SportChek, Hockey Experts, Sports Experts and Atmosphere, which offer the best active wear brands. The company’s close to 1,700 retail and gasoline outlets are supported and strengthened by CTC’s Financial Services division and the tens of thousands of people employed across Canada and around the world by CTC and its local dealers, franchisees and petroleum retailers. In addition, CTC owns and operates Helly Hansen, a leading technical outdoor brand based in Oslo, Norway.

Related articles:

London Drugs revives Stocking Stuffers for Seniors campaign to combat loneliness

Photo: London Drugs

London Drugs is once again rallying communities across British Columbia, Alberta, Saskatchewan, and Manitoba with its annual Stocking Stuffers for Seniors program, set to run from November 12 to December 8. Now in its ninth year, this holiday initiative brings together customers and staff to provide gifts to seniors facing isolation during the holiday season, the company said in a news release.

Originally launched in 2015, Stocking Stuffers for Seniors began as a simple idea: each participating London Drugs store displayed a holiday tree adorned with gift tags listing the wishes of local seniors. Customers could then select a tag, purchase an item, and return it to the store for distribution. The program has since grown chain-wide, partnering with more than 200 care homes and community organizations across Western Canada to ensure that seniors receive thoughtful holiday gifts from their communities.

Image: Clint Mahlman

Clint Mahlman, president and COO of London Drugs, emphasized the importance of this program as a way to combat the rising issue of loneliness among seniors.

“Loneliness affects a significant number of seniors across Canada, and we’re committed to working with our customers to bring joy to those without family or friends this holiday season,” said Mahlman. “The Stocking Stuffers for Seniors program allows us to collectively make a positive difference in the lives of those who need it most, especially during what can be a challenging time of year. We encourage customers to join us in rekindling the spirit of giving and ensuring no senior is forgotten this year.”

The World Health Organization has identified social isolation as a growing health crisis, with one in four older adults affected globally. In Canada, Statistics Canada reported that in the second quarter of 2024, more than 10 percent of adults over 65 experienced chronic loneliness. The health impacts of social isolation, from mental health challenges to a decrease in overall well-being, make this issue especially critical.

This year, London Drugs is working with a number of organizations, including Operation Friendship Seniors Society in Edmonton and Secret Santa Service in Calgary, to reach seniors in care homes who might otherwise feel isolated over the holidays. The gifts, delivered by these partners, help brighten the season for seniors across Western Canada, it said.

To encourage participation, London Drugs is also rewarding LDExtras members who donate a gift to the Stocking Stuffers for Seniors program, with 1,000 points available for contributions made before December 1 and 500 points until the program ends on December 8.

“We’re proud to support this initiative year after year,” added Mahlman. “Our customers consistently step up to show how much they care, and we hope this season will be no different.”

Related articles: