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Upscale Toronto Fashion Retailer ‘Carriage Trade’ Marks 60 Years with Expansion Plans [Interview]

Carriage Trade on Bloor St. W. in Toronto. Image: Carriage Trade

Carriage Trade, an upscale women’s retailer in Toronto, is celebrating its 60th anniversary, is planning to expand, updating its existing store, and enhancing its social media presence. 

Nori Mirza

“Being in business for 60 years gives us a lot of credibility. We are definitely expanding and growing, which is very exciting for us. We are always looking for new brands and we are constantly pivoting, almost monthly, and we are just really listening to our customers’ needs. People can shop anywhere, there is a lot of merchandise out there, but I think they come to us because of our credibility and they trust us,” says Nora Mirza, the owner of Carriage Trade since 1994.

Going into 2024, Carriage Trade is looking at expanding and renovating its existing store location in Toronto and is hoping to double its square footage, allowing more room for showcasing new brands and inventory. 

“It is getting really tight right now, so hopefully in 2024 we will be able to expand and double our space. We are also working on a new website and rebranding – but still maintaining the Carriage Trade name, because to find a name that has been around and has such a long legacy is not easy.” 

Image: Carriage Trade

Improving its online presence

Mirza says updating the website will improve consumers’ online shopping experience. Mirza is also planning to grow the brand’s online presence through social media and will look into pop-up shops and events in new regions to test new markets. As the store is located in the West End of Toronto, social media has been a huge factor in attracting new consumers. 

“We are not downtown – so it’s a bit trickier for us. Social media has been huge for us, as far as a real marketing tool to reach new clients and influencers. So social media and our website has really given us an advantage to reach more clients.” 

Image: carriagetradeshop.com

The main goal right now is to increase its footprint, enhance its digital presence, and continue introducing clients to new fashion trends and brands.

“As far as having multiple stores, I think growing my online presence and working on pop-ups and events is probably for now where I want to go. All of our staff really flow well together, work as a team, and we are pretty much a family, so to replicate that for the future, I don’t know as it’s not easy.” 

With having one store, Carriage Trade is able to build relationships with consumers, know what they are looking for, and know what they bought previously – giving the team the chance to connect with each customer. 

“We can reach out and say ‘yes, this blouse is perfect for that skirt you purchased last year,’ so building relationships is really important. We also focus on quality as it is not fast fashion, it is one of a kind. Consumers trust the quality, so we are just continuing to expand and build these long-term relationships.” 

Celebrating 60 Years 

To celebrate, Mirza said they gathered women who have been supporting them throughout the decades and did a generational photoshoot. 

“We had done photoshoots with the family together to commemorate and then we gifted portraits to them as a thank you. This idea came about because I had one of my really good customers shopping and she brought her mother, her grandmother, and her daughter – it was four generations and I thought it was incredible. It was so nice to see all the different generations together and wearing our clothing.” 

Image: Carriage Trade
Carriage Trade 60th Celebration (Image: Carriage Trade / Blair Ann Studios)

Carriage Trade also partnered with two charities: HART, an anti-trafficking charity where they support survivors, and Rethink Breast Cancer in Toronto. The brand collaborated with two Toronto artists: Nessa Lilly and Sophie Brussaux for exclusive and limited shirts and scarfs. 

“During our campaign, we had all these clients wearing these shirts and showcasing the scarf – it was a lot of fun and was a nice way to give back to women who have supported us all these years. 100 percent of the proceeds of the shirts and scarves were donated to these two charities.”

Outside of Carriage Trade, people walking by will also notice huge window displays of generations of women wearing different styles that were relevant back in the day and current trends. “We have a massive decal that covers three quarters of the window, and it is interesting because we have seen customers stop by and just really make comments because it really makes a statement for women and how far we have come; from the 60s to where we are today. It really has resonated with a lot of our female clients.” 

Carriage Trade was founded in 1963 by two sisters and opened the same day John F Kennedy was shot. Mirza says when she bought it about 30 years ago, she thought about changing the name. Eventually one of the sisters left and the brand closed and Mirza took the chance and bought it. 

“The clientele had aged with the store and I had thought about changing the name, but I was on the phone with Bell Canada and someone would tell me about their story about shopping at Carriage Trade – so it has quite the legacy because it has been around for so long. 

Canadian Retail News From Around The Web For December 12th, 2023

Canadian Retail News From Around The Web

News at a Glance

Retail Insider is streamlining its Canadian retail news from around the web to include a handful of top news stories that can be viewed quickly during the day. Here are the top stories from the past 24 hours.

Grocer profits set to exceed record in 2023, expert says, ahead of committee meeting (CTV)

Trouble in toyland as shoppers seek low prices, retailers say (Global)

All grocers need to sign code of conduct if it is to succeed, Metro CEO tells MPs (Financial Post)

Business owners face ‘tipping point’ for federal pandemic loan repayment cut-off (CBC)

Mastermind deal would keep at least 43 stores open, preserve hundreds of jobs if approved, court filing states (Globe & Mail / subscribers)

Canadians say rising cost of living will impact holiday plans: surveys (CHEK News)

Food Basics union workers reach deal with Metro (Grocery Business)

Longtime Gildan CEO Glenn Chamandy pushed out in boardroom shakeup (Montreal Gazette)

Canada’s Shopify discloses increased stake in automation firm Klaviyo (Reuters)

True North Real Estate, Southern Chiefs’ Organization to work together to redevelop Portage Place, the Bay (CBC Winnipeg)

Calgary Police say requests from retail sector for security assistance are increasing (CBC)

Beauty giant Sephora may be coming to Chilliwack’s Cottonwood Centre (Chilliwack Progress)

The SAQ announces net income of $336.3 million for the second quarter of fiscal 2023-2024 (Newswire)

Ontario wants to change how booze is sold. So let’s talk about restaurants (TVO Today)

New West thrift store pushes sustainability (CityNews)

Uniqlo Announces Canadian Store Expansion Plans for Spring 2024

Uniqlo at CF Fairview Pte-Clair near Montreal. Photo: Cadillac Fairview

Japanese fashion retailer Uniqlo is picking up the pace on its Canadian expansion with four locations announced for spring 2024. It’s part of a bigger growth plan for the company which entered Canada with its first stores in 2016. 

The four Canadian locations opening in the spring include three in Ontario and one in Alberta. Two of the Ontario stores will be in Toronto, at CF Fairview Mall and Scarborough Town Centre, and another Ontario location will be at Bayshore Shopping Centre in Ottawa, marking a second Uniqlo location for the Ottawa market. A second Calgary store has also been announced for CF Market Mall in Calgary. 

Uniqlo said in a press release that it plans to open more than 20 stores in North America in 2024, and that could include more Canadian stores as well. Uniqlo is still conspicuously absent from the city of Vancouver, and there have been rumours that Uniqlo may have secured a space on popular Robson Street for a store. 

Jeff Berkowitz of Aurora Realty Consultants has negotiated Uniqlo’s leases since the brand entered the country more than seven years ago. In the fall of 2016, Uniqlo opened two stores in Toronto at the CF Toronto Eaton Centre and at the Yorkdale Shopping Centre, kicking off a national expansion that has seen Uniqlo become an important player in the fast-fashion space in Canada. 

Uniqlo at Yorkdale Shopping Centre (Photo: Dustin Fuhs)

The Greater Toronto Area is now home to seven locations — after opening the first two Toronto stores, Uniqlo expanded by opening at CF Markville in Markham, Oshawa Centre in Oshawa, Square One in Mississauga, Upper Canada Mall in Newmarket, and Vaughan Mills in Vaughan. 

Uniqlo’s first store on the West Coast opened at Metropolis at Metrotown in Burnaby in October of 2017, and the retailer subsequently opened locations at CF Richmond Centre in Richmond, Coquitlam Centre in Coquitlam, and Guildford Town Centre in Surrey. 

Uniqlo’s first store in Montreal opened in October of 2020 in the city’s downtown core at the Montreal Eaton Centre. It remains the largest Uniqlo location in Canada with over 40,000 square feet of leased space facing Ste-Catherine Street. In 2021, a Uniqlo store opened at CF Carrefour Laval near Montreal and in 2022, two other units opened at CF Fairview Pointe Claire and CF Promenades St. Bruno. 

The retailer entered the Ottawa market in the spring of 2023 with a location at CF Rideau Centre. The announced Bayshore location will mark the second in the Ottawa market. 

In Edmonton, Uniqlo opened its first store in the fall of 2019 at West Edmonton Mall, which was followed recently by an opening at the Southgate Centre. Calgary’s first Uniqlo opened several months ago at CF Chinook Centre, with CF Market Mall marking the second location for the brand in the Calgary market. 

By the spring of 2024, Uniqlo will have 23 stores in the Canadian market, most spanning in the 15,000 square foot range. It would appear, given the expansion, that Uniqlo is targeting most major shopping centres in major cities. That means that Uniqlo still has room to open more stores in Canada. That includes malls such as CF Sherway Gardens in Toronto. And new markets could open up for Uniqlo such as Winnipeg where CF Polo Park would be the most likely target for a first location, while Halifax could eventually be targeted at the Halifax Shopping Centre or at Mic Mac Mall. 

UNIQLO at CF Rideau Centre (Image: Dustin Fuhs)

“We couldn’t be more excited to enter the next phase of our North American expansion plan and serve more customers in the U.S. and Canada,” said Daisuke Tsukagoshi, CEO of Uniqlo North America in a statement. “Stores are the heartbeat of our business, where we can engage with our local communities, hear directly from our customers, and best understand their needs to continue to improve and perfect our products. We’re looking forward to a big year ahead.”

Uniqlo in North America reported significant growth for the fiscal year ending on August 31, 2023, and the company says that it expects the strong results to continue in 2024. The company expects to achieve double-digit sales growth in its existing stores. The brand recently saw viral success with its mini shoulder bag and it has also had some successful designer collaborations. 

Globally Uniqlo has more than 2,400 stores, including 53 locations in the United States and 19 in Canada. Uniqlo’s first store opened in Hiroshima Japan in 1984, and the company is a brand of Fast Retailing Co., Ltd., a leading Japanese retail holding company with global headquarters in Tokyo. Uniqlo is the largest of eight brands in the Fast Retailing Group, the others being GU, Theory, PLST, Comptoir des Cotonniers, Princesse tam.tam, J Brand and Helmut Lang. With global sales of approximately 2.3 trillion yen for the 2022 fiscal year ending August 31, 2022 (US $16.6 billion, calculated in yen using the end of August 2022 rate of $1 = 138.7 yen), Fast Retailing is one of the world’s largest apparel retail companies, and Uniqlo is Japan’s leading specialty retailer.

Calgary-Based Monki Breakfast Club & Bistro Looks to National Expansion Following Local Success [Interview]

Monki Breakfast Club & Bistro. (Photo: Mario Toneguzzi)

You could say entrepreneur Aditya Dutta is busy with some Monki business these days in Calgary.

Aditya Dutta. Photo: Provided by Monki

As co-owner of Monki Breakfast Club & Bistro, Dutta, a former engineer, has big plans for the brand after recently opening its third location in the city.

The establishment’s mantra is: Do Brunch Differently.

“Monki is essentially an eclectic breakfast place. The breakfast scene in Calgary or in Canada in general was limited to the old breakfast options you would get at home but now you get in the restaurant. So we thought we are going to do some Monki business with the old classics and do something different while keeping the flair of the traditional foods,” said Dutta.

“That’s what we do. We serve breakfast. We serve lunch. That’s how we were founded. We have grown in it and we have served over 200,000 people so far.”

Monki Breakfast Club & Bistro. (Photo: Mario Toneguzzi)
Monki Breakfast Club & Bistro. (Photo: Mario Toneguzzi)

Dutta and his partner Kaushik Sudharsanam took over an existing business in 2016. The establishment was originally founded in 2012.

“We’ve had a strong push from customers and a few investors as well to expand. We’ve put the brakes on it up until now. We wanted to hone in and really see what we do well. We found that. We’ve been validated and now we are looking to open at least two more immediately in Calgary and then go for our national expansion, primarily in Toronto, Vancouver and Edmonton,” he said.

“There are not many options in places like Toronto. We think people are trendy. They are looking for great food. They want to feel going for breakfast as they’re going for dinner. That’s why we can give that atmosphere to them, give them the food and give them the service.”

Dutta was born and raised in India. He came to Canada as an international student for an engineering degree at McGill University in Montreal. The city is known for its variety of restaurants and food establishments. Dutta also comes from a family that’s fond of food.

He ended up becoming a business management consultant with Deloitte. But over the years, he realized that after touching so many industries the one industry he never really worked in was food.

Monki Breakfast Club & Bistro. (Photo: Mario Toneguzzi)
Monki Breakfast Club & Bistro. (Photo: Mario Toneguzzi)

“Me and my university buddy we quit our jobs. He was an investment banker. We opened up a food truck and that food truck did super well. It was gourmet street food from Germany that we were serving. In Calgary, we have a strong rooted community from Germany, Poland, Ukraine. So we thought this would resonate well with them and it did,” said Dutta. “We expanded that to two food trucks until the city changed the bylaws and that didn’t stop our interest in food and let alone let it be our professional future as well.

“So we took over Monki. The previous owners wanted to part ways. They wanted to do other things. We thought this is a brand where we go to and others should know about as well. And that’s the journey that took us to Monki’s and we’ve never looked back. It’s been incredible since taking over Monki.”

Today, Dutta is quite content and happy about his entrepreneurial journey.

“The journey has been incredible,” he said.

Luxury Children’s Retailer Bonpoint Opens Canadian Flagship in Toronto, Plans More Stores [Interview]

Bonpoint at 151 Bloor Street in Toronto (Image: Craig Patterson)

Bonpoint, a luxury European brand focusing on children’s wear and skincare, recently opened its first Canadian flagship store at 151 Bloor St West in Toronto. Maria Salazar Levin, the CEO of Bonpoint in the US, discusses the expansion in the Canadian market and what is coming next.  

Maria Salazar Levin

“Our Canadian flagship is not just a store; it is the embodiment of our philosophy – bringing the exquisite Parisian luxury of children’s fashion and clean beauty right to the hearts of Canada. This is just the beginning of a beautiful journey for Bonpoint in the North American luxury Market,” says Levin. 

The brand was held off from entering the Canadian market earlier because of the pandemic, but Canada has been its goal for a long time as “there was a big appetite for luxury brands.” Levin says it was also important for the brand to open beside other luxury brands, so Bonpoint is across the street from Louis Vuitton, Tiffany, Gucci, Panda, and others: “We are in the company of all luxury brands. We thought it was obviously the right place for us to start our Canadian flagship. We have since taken and bought our franchise in Vancouver, so we now have two stores in Canada, which are both new to the company. Vancouver is about five months old and Toronto is two months.” 

Bonpoint Toronto Bloor Street (Image: Alex Lukey)

Stepping into the flagship boutique in Toronto, consumers can find a Rain Cloud glass sculpture by Elsa Blin, paper mache rabbits and rhinoceros by Ela Dray-Farges, and around the store there are light-up sculptures by Zoe Rumeau. The boutique has been created to be modern and has a charming atmosphere with a mix of antiques, vintage pieces, and custom furniture all imported from France.” 

The brand started in 1975 with a focus on luxury children’s wear between the newborn stages until the age of 14, and also covers skincare and fragrance collections. Bonpoint has more than 120 stores in over 25 countries and releases new collections for every season. The new flagship store is on Bloor Street West in Toronto and is 1833 square feet and is the second store to open in Canada with its Vancouver location which opened a few months ago.

Expansion Plans 

Levin says the brand is looking at opening a third location, but could not indicate a location yet. The goal is to open around five locations in Canada within the next five years.

Starting in January, Bonpoint will also expand into Holt Renfrew starting with four locations: Calgary, Montreal, Vancouver, and Square One in Mississauga Ontario. 

Bonpoint Toronto Bloor Street (Image: Alex Lukey)

Along with future expansion plans, Levin says the brand continues to evolve to meet consumer needs. Including a mini mi collection and a new stroller. 

“We continue to have a lot of innovation in the brand. Next year, we are introducing a stroller, which will be our first Bonpoint signature stroller as well as hopefully a few other exciting collaborations in the future.” 

Unlike the locations in the US – Bonpoint in Canada does not sell womens’ clothing yet, but are looking at adding it in the future. Levin also says the brand will also be looking at bringing its baby shower program over to the Canadian stores by next year. 

Clean Beauty 

Bonpoint offers natural skin and fragrance products for the whole family including face cream, moisturizers, hair care, baby cream, baby bath products, and more. 

“I was already into clean beauty and skincare before arriving at Bonpoint. Upon arriving here, I came to find out that we have a green beauty brand, Beauty, that is all vegan and 100 percent dermatologically safe, because in France they have really strict regulations so our products are safe and tested. Our products are amazing and feel amazing on your skin.” 

Levin says as more parents are using clean products now starting with their newborns, they have included products such as shampoo, laundry detergent, and have products under bath rituals for children and teenagers. 

“It is really for the whole family. Even from the scents everything is made from flowers, orange blossoms, cherry blossoms, cotton flowers, and more. So it is something we have really expanded into and it seems to be really growing and more and more people are starting with their kids. It is definitely a trending category for us which we do extremely well in our Canadian stores.” 

Bonpoint Toronto Bloor Street (Image: Alex Lukey)

Levin says the concept of focusing exclusively on luxury brands and beauty products appears to be unique in Canada. 

“There are really no brands we compare with, because we are a luxury brand that really starts from the baby stage all through their youth. When you look at other luxury brands that carry children’s clothing – it is almost an afterthought. Where with us, it starts with the baby. We think of the baby from when it’s born at the hospital to in their teens. You can say our pricing is competitive with other luxury brands – but, we are just different.” 

Canadian Retail News From Around The Web For December 11th, 2023

Canadian Retail News From Around The Web

News at a Glance

Retail Insider is streamlining its Canadian retail news from around the web to include a handful of top news stories that can be viewed quickly during the day. Here are the top stories from the past three days.

Is the customer always right? Some Vancouver businesses say no (CBC)

Deal to lower Visa, Mastercard processing fees will come up short for many retailers, critics say (CBC)

Canada Bread denies price-fixing scheme in court filing, points finger at Maple Leaf (Canadian Press)

Loblaw chair Galen Weston defends record profits, warns Ottawa grocery code will lead to higher food prices (Toronto Star)

Peak Performance’s new Vancouver store seeing brisk sales (BIV)

Hudson’s Bay workers in Kamloops take strike action (USW)

Thefts, violence at Ontario malls a growing concern (Toronto.com)

Ontario to announce plan to allow beer in corner stores (Globe & Mail)

A push to add retail to Toronto’s alleyways (Globe & Mail)

New Sayers Foods in Apsley will be a ‘game-changer’ says North Kawartha mayor (Spectator)

Maxi celebrates grand opening of renovated store in Gaspé (Grocery Business)

‘We really need to support those people’: Market makers ask Winnipeggers to shop local (CTV)

Guelph Food Bank opens thrift store to help fund their food programs (CBC)

Independently owned Saanich grocery stores earn top awards (Saanich News)

Used clothing store in Toronto’s west briefly evacuated after grenade found inside: police (CTV)

Canadian Brand SENTALER Relaunches Toronto Flagship Store with Plans for Expansion [Interview]

SENTALER at Yorkville Village (Image: SENTALER at Yorkville Village (Image: by George Pimentel)

Luxury outerwear brand SENTALER has relaunched its flagship store in Yorkville Village in Toronto. 

The SENTALER Atelier was initially opened as a five-day pop-up to launch the first-ever SENTALER MEN collection in 2021. The private, exclusive, and bespoke space catered to one-on-one appointments during the pandemic.

Founder Bojana Sentaler said the plan was to stay five days but after an overwhelmingly successful launch, and more appointments than it could fill in that timeframe, the lease was extended to the spring of 2022.

In 2022, the SENTALER Atelier, now operating as the home for the full men’s women’s, and accessories collections, became a permanent space and a continued revenue driver.

In 2023, SENTALER continued its corporate expansion and moved into a new office space and warehouse in Yorkville, to bring the company’s full operation under one roof – retail, office, warehouse.

SENTALER at Yorkville Village (Image: by George Pimentel)

“Looking back at the roots of SENTALER, the brand’s initial direct-to-consumer success was due to the incredible customer service offered in the all black and white space, where the coats shine as the pop of colour,” said Sentaler. While the SENTALER Atelier space was a profitable one, it became apparent to Bojana that the store was not the solidified and successful brand motif she originally created. 

“The reception for the store has been incredible. I think clients really are going to go wherever SENTALER is in Toronto. A lot of our clients are just very happy now with the location. A lot of our clients are actually in this area where our current store is. A lot of them are walking distance to our existing store,” said Sentaler.

“I think clients really like that it’s inside Yorkville Village. It’s a little bit more private. A little bit more exclusive and it just allows them to come in and I would say it’s like they’re shopping in their own closet. It feels very special and very exclusive.”

Designed to mimic the original SENTALER showroom, designed by Bojana Sentaler, the SENTALER Flagship is an all white space with black accents where the coats and accessories remain centre stage. The windows are designed with archways inspired by European architecture seen on Bojana’s travels. There are custom made mannequins and accessory busts.

It also has a 10-foot Suri Alpaca fabric wall that is a to scale render of the famous SENTALER Signature ribbed sleeves. The Flagship allows for clients to experience the SENTALER collection in an intimate setting, as if they are shopping in their own closet. 

“Since the re-launch, we see clients traveling from all over Ontario to shop at the new SENTALER Flagship store and many tourists visiting Toronto coming to the store as a destination,” said Sentaler.

When asked if she is thinking of opening more stores, she replied: “Yes, this is definitely on the horizon for the company. The Yorkville location has been so extremely successful for us. We can definitely see the clients love the physical interaction with the product. We also sell our products globally through the online website. We ship all over the world. And we also have major retail partnerships with luxury department stores in Canada and the U.S. where clients are also able to experience the product.

“But I think there’s something really special about clients shopping in a brick and mortar SENTALER store because we really give them the SENTALER experience from beginning to end.

“In times like we are today, consumers are careful about their purchases in the sense of they’re looking for products that have longevity and they’re looking for investment pieces. So if they’re spending their hard-earned dollars on an item they’re really looking for a longer life span on that item. We have found that they’re more drawn to classic and timeless styles in luxury fabrics that they know they can wear with many different outfits for many seasons to come. This is the epitome of SENTALER.

“The consumer nowadays is very sophisticated. We have noticed a hybrid shopping approach where they’re doing a lot of their research online. While a lot of customers do shop online, I think there’s something really special about them walking into a store and really touching and seeing the product and trying it. This is something that can’t be replicated online. We’ve noticed the excitement.”

Born in Belgrade, Sentaler moved to Toronto at the age of eight. While sketching fashion designs from a young age was her passion, Bojana decided to obtain a university degree in Marketing and Finance.

After graduating from the prestigious Schulich School of Business, her fast-paced career led her to travel the globe, ultimately resulting in an influential encounter with late fashion icon Karl Lagerfeld.

Bojana Sentaler at Yorkville Village (Image: by George Pimentel)

Inspired by his wisdom and the diverse vibrancy and beauty of her journeys, Bojana went back to exploring her true passion for fashion and design. While living in Peru, Bojana discovered the beautiful alpaca fibre and fell in love with its lightweight and warm features.

In 2009 she launched the luxury outerwear brand, SENTALER.

Bojana was recently named the ‘Queen of Coats’ by Forbes Magazine

Many well-known celebrities such as Megan Markle, Kate Middleton and Halle Berry have been seen wearing the brand.

Food Prices in Canada Expected to Rise in 2024, Grocer Code of Conduct should be Mandatory [Op-Ed]

Canada's Food Price Report 2024

Canada’s Food Price Report for 2024, released by Dalhousie University, the Universities of Guelph, Saskatchewan, and British Columbia, has unveiled a nuanced and complex landscape of the nation’s food pricing. This landscape is underpinned by diverse factors that extend beyond the supermarket shelves. The report predicts that food prices will increase by as much as 4.5% in 2024, with meat, vegetables, and bakery products driving food inflation higher at the grocery store. While many Canadians may hope for price drops, it’s essential to understand that the issue is entangled with the complexities of the global economy, and no nation is immune to worldwide uncertainties.

As most Canadians are aware, except for those who subscribe to the notion that food prices are solely driven by one individual or one company, the persistent rise in food prices reflects broader inflationary trends affecting the economy. This surge in costs is not isolated to food alone; it’s a symptom of increased expenses in production, transportation, and the ripple effects of global economic shifts. These elements collectively contribute to the steady climb in food pricing, making it a multifaceted economic issue.

Holiday Display at Metro in Downtown Toronto (Image: Dustin Fuhs)

Climate change also plays a crucial role in shaping the food pricing narrative. Extreme weather events directly impact agricultural productivity, disrupting crop yields and the availability of essential food products. These incidents serve as a stark reminder of the food supply chain’s vulnerability to environmental changes and the urgent need for resilient and sustainable agricultural practices. Whether we employ carbon taxing or a cap-and-trade system, decarbonizing the food economy should remain a priority.

In response to rising costs, Canadian consumers are adapting their spending habits. There’s a noticeable shift towards more budget-conscious shopping, with consumers increasingly seeking value and adjusting their dietary choices in light of price hikes. This change in consumer behaviour is a critical aspect of the food pricing equation, influencing retail and production strategies across the food industry. The recent string of interest rate hikes by the Bank of Canada has had a significant impact on households across the country, forcing many to reduce their food spending despite inflation. The past year has been challenging, but there are signs of improvement as consumers are gradually reallocating their budgets away from mortgage and rent payments towards food expenditures.

As we approach the target food inflation rate of 1.5% to 2.5%, likely to be reached in 2024, consumers should have certain expectations from our policymakers. The introduction of regulatory measures, such as a grocer’s code of conduct, signifies a growing awareness of the need for more oversight in the food retail sector. This initiative aims to balance the scales, ensuring a fair distribution of costs and profits within the food supply chain, ultimately protecting consumers, promoting equitable practices, and fostering healthy competition. It’s worth noting that Loblaw and Walmart currently hold significant power in the industry, which needs to be addressed to benefit consumers.

Canadians have valid concerns regarding the influence of companies like Loblaw and Walmart. The practice of charging more fees to suppliers, who then raise prices to compensate for these elevated fees, ultimately leads to consumers bearing the burden. If Ottawa is genuinely committed to stabilizing food prices, it should consider making the Grocer Code of Conduct mandatory, ensuring that both Loblaw and Walmart adhere to it. This move would be in the interest of fostering competition and improving the food supply chain for the benefit of all Canadians. Failure to do so may raise questions about potential inappropriate political interference between some grocers and the Liberal party.

The insights gleaned from Canada’s Food Price Report 2024 underscore the potential for Ottawa to make a difference with strong leadership. While Loblaw and Walmart are well-managed companies that have reaped the benefits of their success, their influence in the food industry has become a concern for the broader population. Addressing this issue is crucial for the well-being of Canadian consumers and the overall health of the food supply chain.

Read the Canada’s Food Price Report 2024 Here

The Canadian Retail Landscape with Tony Flanz: Trends, Growth, and Exciting Brand Expansions [Video Interview]

The Canadian Retail Landscape with Tony Flanz: Trends, Growth, and Exciting Brand Expansions" [Video Interview]

Craig Patterson and Tony Flanz, the founder and CEO of Montreal-based brokerage Think Retail, discuss the ever-evolving Canadian retail landscape.

Flanz discusses a few exciting new retail projects, including the Royalmount project in Montreal and The Well in Toronto, bringing a mix of global brands and unique concepts to the Canadian market.

The interview concludes with a glimpse into the exciting future of Canadian retail, with Flanz revealing upcoming brand expansions he’s working with. From the introduction of innovative concepts like KaleMart24 to the entry of well-established European brands, like Columbus Cafe, Flanz provides valuable insights into the trends shaping the retail landscape in the next few years.

Image: KaleMart24

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