MNP Consumer Debt Index: Canadians brace for challenging 2026

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January 12, 2026

Canadians are heading into the new year bracing for mounting financial challenges, with a strong majority (71%) expecting the cost of living to worsen. According to the latest MNP Consumer Debt Index conducted quarterly by Ipsos, this pessimism extends well beyond prices, reflecting a broader sense that economic conditions will deteriorate in 2026.

“There is a widespread sense that household finances will come under increasing pressure, fueling heightened anxiety about economic security in the year ahead,” explains Grant Bazian, president of MNP LTD, the country’s largest insolvency firm. “Canadians expect most aspects of daily life to worsen rather than improve in 2026.”

A majority believe the economy overall will worsen (59%) this year, and as many expect housing affordability to deteriorate (59%). Canadians also anticipate rising pressure from interest rates and inflation (54%), unemployment and the job market (52%), and Canada’s relationship with the United States (51%). Canadians believe everyday financial pressures will intensify, with the majority anticipating higher taxes (53%), and about half expecting transportation (50%) and healthcare costs (48%) to worsen. The majority also have concerns about rising poverty and inequality (62%) as well as worsening government deficit and debt (66%), said MNP.

While Canadians express pessimism about what may come this year, there is some cause for optimism. The MNP Consumer Debt Index edged up one point from last quarter to 87 points, marking the first time since its inception that the Index has improved in December and bucking the typical seasonal trend of deteriorating debt sentiment, it said.

Two in five Canadians (41%) say they are within $200 of not being able to pay their bills each month, down seven points from last quarter and the lowest level measured in the post-pandemic period. At the same time, the average amount Canadians have left after monthly expenses has risen by $163 since last quarter, now sitting at $907. While these gains point to modest financial relief, fewer than half of Canadians (47%) report having six months of emergency savings, leaving many households vulnerable to disruption, added the MNP report.

“Despite pessimism about 2026, there are signs of cautious optimism, breaking from the Index’s usual seasonal decline and suggesting that some households are entering the new year with slightly more financial breathing room,” said Bazian. “Whether Canadians respond to financial stress by taking action or avoiding their debt often comes down to how much financial flexibility they feel they have. For some, their breathing room has improved, enabling them to make adjustments and seek solutions. For others, ongoing economic uncertainty continues to drive debt avoidance. Sustained financial pressure is prompting both decisive action and withdrawal among Canadians.”

Financial Fight or Flight: How Canadians Are Responding to Financial Stress

As financial pressures intensify, Canadians are responding in markedly different ways. Nearly three in five (59%) are adopting a “fight” mentality, taking proactive steps such as adjusting their budgets (43%), attempting to consolidate debt (12%), or seeking advice from a financial professional (11%) as they try to regain control amid ongoing strain. At the same time, nearly one-third of Canadians (32%) are taking a “flight” response, including avoiding thinking about their financial responsibilities (12%), steering clear of financial discussions with family or professionals (15%), or relying on credit to cover essential expenses (17%). Meanwhile, fifteen percent (15%) say they feel financially frozen, unsure where to even begin when facing financial stress, explained MNP.

“Even when there are small signs of financial improvement, the concern with many Canadians being in financial flight mode is that it can create a false sense of short-term relief,” said Bazian. “Avoiding bills and conversations about finances or relying more heavily on credit can make financial stress feel manageable in the moment, but those behaviours often allow problems to grow quietly in the background. As Canadians head into an uncertain year, that can make it harder to regain control later on.”

Younger Canadians aged 18–34 are significantly more likely to lean toward a flight response (51%) when under financial stress, as are lower-income earners, with one-third of Canadians earning under $40,000 reporting similar behaviours (34%). This younger age group is also the most likely to feel financially paralyzed (23%) compared to other age groups, and is more likely to avoid discussing financial matters with family or professionals (22%), according to the report.

Interest Rate Sensitivity Leaves Canadians Financially Exposed

While the Bank of Canada held its last policy interest rate at 2.25%, rates remain a critical source of stress for Canadians. Nearly two in three (64%, +1 pt) say they urgently need interest rates to come down. Even then, relief may be limited: nearly half (48%, +4 pts) remain concerned about their ability to repay debt, and more than two in five (44%, +2 pts) fear that a future increase in rates could push them toward bankruptcy. For heavily indebted households, these concerns underscore just how thin the margin for financial stability remains as they look ahead to the coming year, said MNP.

“Even where Canadians see some improvement in their own debt situation, confidence about the year ahead remains fragile, particularly among those carrying high levels of debt,” noted Bazian. “For these households, ongoing affordability challenges and borrowing costs leave little room for error as they head into 2026.”

Debt Stress Runs High, Yet Professional Help Remains Underused

“Despite widespread concern about costs, debt, and the year ahead, relatively few Canadians are turning to professional support when facing financial stress. Just over one in 10 Canadians (11%) say they have sought advice from a financial professional as part of their efforts to fight back against financial strain. Fifteen percent (15%) avoid discussing financial matters with family or professionals altogether, while one in 10 (12%) avoid any kind of thinking about their financial responsibilities,” said the report.

“These findings echo a recent joint consumer alert from the Office of the Superintendent of Bankruptcy (OSB) and the Canadian Association of Insolvency and Restructuring Professionals (CAIRP), which highlighted how stress and stigma can prevent Canadians from asking for help and delay access to trusted, regulated guidance from Licensed Insolvency Trustees — professionals qualified to help individuals understand all available options and provide judgment-free support.”

“Too many Canadians are trying to navigate financial challenges in isolation. There are government-regulated professionals available to help indebted Canadians understand debt-relief options, make informed decisions, and prevent financial stress from escalating,” said Bazian.

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Uniqlo Entering Winnipeg With Two-Store Launch

By

Craig Patterson

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January 12, 2026

image - 2026-01-10T235026.239 — Uniqlo store at West Edmonton Mall. Photo: Uniqlo

Japanese apparel retailer Uniqlo has officially confirmed its long anticipated entry into the Winnipeg market, announcing the opening of a store at CF Polo Park Mall later this spring. The announcement marks another milestone for the brand’s Canadian expansion strategy and confirms Manitoba as the latest province to join Uniqlo’s steadily growing national footprint.

The CF Polo Park opening represents Uniqlo’s first officially announced Winnipeg location. However, it will not be the only one. Local media reports and previously disclosed permitting activity indicate that Uniqlo is also preparing to open a second Winnipeg store at St. Vital Centre. Retail Insider first reported on the St. Vital Centre location in December 2025, based on city building permits and landlord filings, positioning Uniqlo’s Manitoba entry as a two store rollout rather than a single site test.

Together, the two locations signal a confident market entry and reinforce Uniqlo’s strategy of launching with multiple stores in new metropolitan areas where demand, demographics, and mall infrastructure support scale.

CF Polo Park in Winnipeg. Image: Cadillac Fairview

CF Polo Park Anchors Uniqlo’s Official Winnipeg Debut

In its announcement, Uniqlo confirmed that the CF Polo Park store will open this spring, bringing the brand’s LifeWear concept to Manitoba for the first time. CF Polo Park is Winnipeg’s largest and most productive enclosed shopping centre, long regarded as the city’s dominant regional retail destination. Its tenant mix, traffic volumes, and central location align closely with Uniqlo’s preferred Canadian mall profile.

Uniqlo’s CF Polo Park store will be on the second level of the shopping centre as per the lease plan below. Uniqlo will occupy more than 18,000 square feet in space Y015 on the plan, and possibly in some adjacent vacant spaces.

Screen shot of level 2 of CF Polo Park in Winnipeg, via Cadillac Fairview

The retailer emphasized that the Winnipeg opening reflects growing customer affinity for LifeWear and positions the brand to serve Manitoba consumers more directly. Since launching in Canada in 2016, Uniqlo has consistently targeted high performing regional malls as entry points into new provinces, using flagship caliber locations to establish brand awareness and operational scale.

Yuya Tanahashi, Chief Operating Officer of UNIQLO in Canada, described the opening as a milestone moment for the company’s national growth.

“This is a massive milestone for UNIQLO in Canada. As UNIQLO continues to resonate with Canadian customers, Winnipeg offers exciting potential. We aim to deliver essential clothing that complements their lifestyles as building blocks of their wardrobe. We look forward to introducing our innovative LifeWear products here, and to engaging with new customers.”

The CF Polo Park store will offer Uniqlo’s full LifeWear assortment across men’s, women’s, kids, and baby categories. Shoppers can expect seasonal collaborations, the UT graphic T shirt range, and the same proprietary fabric technologies that have driven strong performance across Canada, including HEATTECH and AIRism. As with other Canadian locations, the Winnipeg store will be fully integrated with uniqlo.com, combining physical retail with omnichannel convenience.

Exterior of St. Vital Centre. Photo: St. Vital Centre

A Second Store at St. Vital Centre Underscores Market Confidence

While the CF Polo Park store represents Uniqlo’s official announcement, it is only one part of the brand’s Winnipeg strategy. Retail Insider previously reported that Uniqlo is preparing to open a store at St. Vital Centre, Winnipeg’s second largest enclosed shopping mall. Building permits issued by the City of Winnipeg confirmed a substantial interior renovation project designed to accommodate a large format Uniqlo store.

The permit documentation outlines the consolidation of multiple mall units into a single retail footprint, along with corridor modifications and mechanical and electrical upgrades. According to landlord filings, the space is being prepared specifically for Uniqlo, signaling a long term commitment rather than a temporary or experimental location.

St. Vital Centre serves Winnipeg’s southeast trade area and draws from both established neighbourhoods and rapidly growing suburban communities. With more than 900,000 square feet of leasable area, ample parking, and a strong regional draw, the mall fits Uniqlo’s Canadian site selection model closely.

The arrival of Uniqlo also fills a notable gap left by Hudson’s Bay, which closed its St. Vital location following its bankruptcy. For the mall, Uniqlo represents a contemporary global anchor capable of driving traffic, refreshing the tenant mix, and supporting the centre’s next phase of repositioning.

Nearly a Decade of Measured Growth in Canada

Uniqlo’s entry into Winnipeg builds on nearly ten years of carefully paced expansion across Canada. The brand entered the market in 2016 with two flagship stores in Toronto, at CF Toronto Eaton Centre and Yorkdale Shopping Centre. Those openings were positioned as long term investments and served as beachheads for a national rollout.

From Toronto, Uniqlo expanded westward and eastward in deliberate stages. Vancouver became an early priority, followed by Calgary, Edmonton, Ottawa, and Montreal. Rather than pursuing rapid saturation, the company focused on high traffic malls, regional clustering, and operational consistency.

Uniqlo operates 37 stores across Canada, making it one of the most significant international apparel retailers in the country. Ontario remains the brand’s largest market, but recent expansions have emphasized geographic balance and underserved regions.

The opening of a store in Victoria at Mayfair Shopping Centre in late 2025 marked Uniqlo’s first location on Vancouver Island and underscored its coast to coast ambitions. Similar logic applies to Winnipeg, which represents a critical prairie market long absent from Uniqlo’s Canadian map.

A Strong Pipeline of New Canadian Markets

The Manitoba expansion fits squarely within Uniqlo’s broader North American growth strategy. Fast Retailing has set a target of reaching 200 stores across North America by 2027, with Canada playing a central role in that plan .

Uniqlo is expected to to continue filling geographic gaps across the country following the Winnipeg launch. Markets such as Halifax, Saskatoon, and Regina are increasingly viewed as logical next steps, particularly within leading regional shopping centres capable of supporting Uniqlo’s large format model.

A consistent force behind Uniqlo’s Canadian expansion has been Aurora Retail Group. Jeff Berkowitz, Co-CEO of the firm, has represented Uniqlo in Canada since the brand entered the country in 2016. He has negotiated every Uniqlo lease nationwide, playing a central role in site selection, landlord negotiations, and long term market strategy.

LifeWear and the Canadian Consumer

At the core of Uniqlo’s success in Canada is its LifeWear philosophy, which emphasizes simple, high quality, functional clothing designed to fit everyday life. Unlike traditional fast fashion models driven by rapid trend cycles, Uniqlo focuses on longevity, fabric innovation, and versatility.

The model has resonated with Canadian consumers seeking value, durability, and seasonally appropriate apparel. Products such as HEATTECH have proven particularly effective in cold climate markets, while AIRism and Ultra Light Down support year round layering and comfort.

Uniqlo’s vertically integrated SPA model allows it to control product development, manufacturing, and distribution, supporting consistent quality and pricing across markets. This structure has enabled the brand to scale while maintaining operational discipline.

Employment and Community Engagement in Winnipeg

As part of the Winnipeg launch, Uniqlo confirmed plans to expand its hiring efforts in the city. The company stated that it aims to create a welcoming and inclusive workplace, with multiple roles available across store operations and management.

Uniqlo will also host a series of career fairs in Winnipeg, providing opportunities for prospective employees to learn more about the organization and its culture. Interested applicants are encouraged to explore opportunities through Fast Retailing’s career platform: www.fastretailing.com/employment

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Groupe Dynamite sees strong comparable sales growth

By

Mario Toneguzzi

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January 12, 2026

Groupe Dynamite Inc. announced Monday comparable store sales growth of 30.8% for the first 9 weeks of the fourth quarter of the company’s fiscal year ending January 31, 2026, ended on January 3. On a year-to-date basis, and with only four weeks remaining in fiscal 2025, comparable store sales growth stands at 26.6%, also as at January 3.

On that basis, Groupe Dynamite said it is updating fiscal 2025 comparable store sales growth guidance to a range of 26.5% to 27.0%. Furthermore, based on strong year-to-date performance and improved visibility for the remainder of the fiscal year, the Company is raising by 100 bps the lower end of its fiscal 2025 adjusted EBITDA margin guidance to 36.0%, with the range now expected to be between 36.0% and 37.0%.

Turning to digital, during those same 9 weeks, online revenue growth significantly outpaced brick-and-mortar revenue growth, resulting in a higher online penetration rate versus the prior year. This performance underscores strong customer engagement across digital channels. As a reminder, the company’s comparable sales metric reflects the performance of the brick-and-mortar channel only, it said.

With respect to real estate activity, the company said it expects 20 gross store openings and 11 store closures, resulting in 9 net new store openings for fiscal 2025 and bringing total expected store count to 307 at year end. All store openings to date were under the Garage banner and located in the United States.

The company is also revising its previously communicated fiscal 2025 capital expenditure guidance to a range of $80.0 million to $90.0 million, from $85.0 million to $95.0 million, mainly reflecting payments timing.

“Our values-led culture continues to drive disciplined execution, resulting in strong holiday performance. This momentum, supported by our selective real estate strategy and rising digital engagement, is driving meaningful margin expansion and reflects the strength of our luxury-inspired operating model. As we close out fiscal 2025, we’re preparing to launch UK e-commerce in Q1 and look forward to opening our first UK stores also later in Q1,” said Stacie Beaver, President and Chief Operating Officer.

The table below outlines the Company’s revised financial annual guidance ranges for fiscal 2025, replacing our previously disclosed guidance:

	Revised Fiscal 2025 Guidance	Prior Fiscal 2025 Guidance
Real estate activity	↑ 20 gross new store openings↑ 9 net new store openings	18 to 20 gross new store openings8 to 9 net new store openings
Comparable store sales growth	26.5% to 27.0%	25.5% to 27.5%
Adjusted EBITDA margin	↑ 36.0% to 37.0%	35.0% to 37.0%
CAPEX	↓ $80.0 to $90.0 million	$85.0 to $95.0 million

Groupe Dynamite said it intends to release its full financial results for Q4 and fiscal 2025 on or around Wednesday, April 1, before markets open, followed by a conference call with management to discuss the results on the same day.

Groupe Dynamite Inc. operates banners GARAGE and DYNAMITE.

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L.L.Bean promotes Greg Elder to president and CEO

By

Mario Toneguzzi

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January 12, 2026

L.L.Bean Inc. has promoted long-time executive Greg Elder to president and chief executive officer, selecting the company’s chief retail officer to lead the outdoor retailer through its next phase of growth.

The appointment follows an internal and external search and comes as the Freeport, Maine–based company prepares to close its fiscal year in late February. Elder will begin transitioning into the role in the first quarter, while outgoing CEO Stephen Smith will remain in an advisory capacity through March.

Leadership transition after decade under Smith

Smith announced in July 2025 that he would step away after 10 years leading the privately held company. The board of directors, chaired by Shawn Gorman, then began a search for a successor.

Elder has worked at L.L.Bean for nearly two decades and most recently served as chief retail officer, overseeing stores, wholesale, international and direct-to-business operations. He previously held the roles of vice-president of stores and vice-president of retail and has worked closely with Smith for much of the past decade.

“We were deliberate in finding a leader who will continue to honor our brand heritage while positioning us for the next era of growth,” Gorman said. “Greg rose to the top because of his deep respect for our history, incredible knowledge of our business, strong track record of results and clear vision for the future.”

Focus on next phase of strategy

In announcing the promotion, the company said Elder will be responsible for implementing the next phase of its long-term plan, described internally as an “evolve and amplify” strategy. The approach is intended to build on the retailer’s legacy while advancing growth initiatives across its operations.

As president and CEO, Elder will guide L.L.Bean as it continues to develop its omni-channel business, expand its retail footprint in new and growing markets and adjust its product assortment, according to the company.

“It’s an incredible honor to be named CEO of L.L.Bean. This brand has shaped who I am — not just as a leader, but as someone who deeply believes in the power of the outdoors to bring people together,” Elder said. “We have a remarkable foundation built on purpose, quality and trust, and I’m excited to unlock sustainable growth through an ‘evolve and amplify’ strategy that strengthens our assortment and deepens our connection with customers for generations to come. I’m thankful to Steve for his leadership and mentorship, and I look forward to working closely with Shawn, the board and the entire L.L.Bean team to write our next successful chapter.”

Board cites continuity and experience

Gorman, who is the great-grandson of founder Leon Leonwood Bean, said the board viewed Elder’s tenure and familiarity with the business as key factors in the decision. The company said the promotion reflects a desire for continuity as L.L.Bean builds on its existing strategic plan.

Smith, who will advise the company during the transition period, pointed to the challenges and changes the business faced during his tenure.

“Leading the L.L.Bean team for the past decade has been the honor of my career,” Smith said. “Together we’ve navigated extraordinary challenges, including the global pandemic, and created meaningful opportunities. Stewarding a brand with such deep heritage and customer loyalty – and helping so many experience the outdoors and the essence of Maine – has been truly rewarding. As I reflect on this chapter, I’m proud of what we’ve built and the foundation we’ve laid for the future. I have full confidence that Greg will continue to advance our existing strategic plan while bringing his own extraordinary vision and leadership strengths to guide L.L.Bean into its next era.”

Gorman also acknowledged Smith’s contribution to the company during the leadership change.

“On behalf of the L.L.Bean Board and family, I want to thank Steve Smith for his leadership and partnership over the last decade and during this transition,” he said. “Steve helped guide the company through meaningful cultural transformation while strengthening the business for the long term. His steady leadership, clarity of values and deep commitment to the people and purpose of the brand positioned the organization to evolve without losing sight of what makes it special. We are deeply grateful for his contributions and lasting impact.”

Background and operations

Elder joined L.L.Bean in 2007 after holding leadership roles at Eddie Bauer and Dayton Hudson Corporation, now known as Target. Outside the company, he is a member of the Retail Industry Leaders Association and has previously served on the boards of Wayside Food Programs and the New England Nordic Skiing Association.

Founded in 1912, L.L.Bean remains family owned and operates as a multichannel retailer of outdoor gear and apparel. The company runs 68 stores across 19 U.S. states, as well as 25 locations in Japan and 14 in Canada through a partnership with Jaytex Group. Its flagship retail campus in Freeport operates year-round.

With Elder set to assume the top role, the company said the leadership transition is designed to maintain its core values while positioning the business for continued evolution under new executive leadership.

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Moxies to Close Yorkdale Restaurant After 18 Years

By

Lee Rivett

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January 12, 2026

image - 2026-01-11T222044.361 — Entrance to Moxie's at Yorkdale. Image supplied

After nearly two decades at Canada’s most productive mall, Moxies is preparing to serve its final guests at Yorkdale Shopping Centre. The premium casual restaurant chain announced that its Yorkdale location will officially close on January 17, 2026, bringing to a close an eighteen-year run that began in February 2007. Over that period, the restaurant welcomed more than two million guests, becoming a familiar destination for shoppers, business diners, and visitors from across the Greater Toronto Area.

The Moxies Yorkdale closure marks the end of a long-standing presence within a mall that has undergone a dramatic transformation over the same period. While the decision reflects a moment of transition, the company emphasized that it also signals a forward-looking shift as the brand continues to evolve its real estate and growth strategy.

In announcing the closure, Moxies acknowledged both the emotional and operational weight of leaving a location with such a long history. Joanne Forrester, President and Chief Operating Officer of Moxies, described the decision as difficult while expressing pride in what the Yorkdale team built over nearly twenty years.

“While it’s always difficult to close a restaurant, we remain proud of our team’s role in creating memorable experiences for those who have visited our long-standing Yorkdale location,” Forrester said. “This closure is not an end but a step toward our continued evolution, allowing us to focus on future growth opportunities. We are deeply grateful for the loyalty and support of our guests.”

She also recognized the contributions of employees who helped define the location’s identity and guest experience over the years. “We’d also like to take this moment to share our sincere gratitude to the many team members, both past and present, who have provided our guests with the premium hospitality Moxies is known for. Together, we’ve built something exceptional and carry that spirit into our next chapter. We hope that everyone will have the chance to join us for one last time before we finish our final service on January 17, 2026.”

Yorkdale’s Evolution Shapes the Retail and Dining Landscape

The Moxies Yorkdale closure comes against the backdrop of Yorkdale Shopping Centre’s repositioning as a luxury and lifestyle destination. Since 2012, the mall has completed three major expansions that reshaped its tenant mix and physical footprint. These projects included the Holt Renfrew expansion and new fashion wing completed in 2012 and 2013, a then-Nordstrom-anchored wing that opened in October 2016, and the RH Gallery–anchored westward expansion that debuted in 2017.

Collectively, these developments added hundreds of thousands of square feet and attracted a growing concentration of luxury, contemporary, and experiential brands. As Yorkdale’s retail profile has shifted, so too has the competitive context for food and beverage operators within the property. The departure of a long-standing tenant such as Moxies reflects the ongoing recalibration that occurs as leading malls refine their merchandising strategies and spatial priorities.

Yorkdale continues to transform with new luxury retailers opening stores, as well as a La Maison Simons that opened in the mall’s former Nordstrom space in the fall of 2025.

Yorkdale Shopping Centre in Toronto. Image: Oxford Properties

Continued Strength Across Ontario and Beyond

Despite the Yorkdale closure, Moxies remains firmly committed to the Ontario market. The brand continues to operate nineteen other locations across the province, offering guests its signature menu of fresh, handcrafted dishes alongside a full bar and seasonally inspired cocktails. The company confirmed that guests can continue to expect the same elevated yet approachable dining experience across its remaining restaurants.

Looking ahead, 2026 will also see the reopening of Moxies Barrie in a new location at Park Place. The move signals continued investment in high-quality spaces and reinforces the company’s broader strategy of refining its footprint rather than retreating from key markets.

A Canadian Brand with a Broader Vision

Founded in Calgary in 1986 as a single deli-style diner, Moxies has grown into a premium casual restaurant chain with more than 50 locations across Canada and additional units in the United States. The brand is part of the family-owned Northland Properties Corporation, whose portfolio spans restaurants, hotels, resorts, and mixed-use developments across North America.

Over the past several years, Moxies has undertaken a series of “foundational improvements,” refreshing restaurant designs, evolving its culinary program, and repositioning the brand to compete in an increasingly crowded upscale casual dining segment. While Canada remains its core market, the company has continued to pursue measured expansion in select US metropolitan areas.

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Restaurants Canada appoints Anthony Polci as executive vice-president of government relations and public affairs

By

Mario Toneguzzi

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January 12, 2026

Restaurants Canada has appointed Anthony Polci as its executive vice-president of government relations and public affairs, a senior leadership move that places an experienced government relations executive at the centre of the national industry association’s advocacy efforts.

The appointment took effect recently, according to the organization, and comes as Restaurants Canada continues to position its government relations and public affairs function as a core part of its work on behalf of the foodservice industry.

Senior leadership appointment

Polci joins Restaurants Canada with what the organization described as a long track record in public policy and advocacy roles across both the private and public sectors. In announcing the appointment, Restaurants Canada said Polci has been recognized as one of Canada’s Top 100 Lobbyists and is known for his work in strategic planning, coalition building and public policy engagement.

The executive vice-president role places Polci at the head of Restaurants Canada’s government relations and public affairs team, which is responsible for representing the association’s interests with governments across the country.

“We are thrilled to have someone of Anthony’s caliber to Restaurants Canada to lead our advocacy team,” said Kelly Higginson, president and chief executive officer of Restaurants Canada. “Over the past year, the foodservice industry has navigated a trade war, supply chain disruptions and rapid changes to immigration, among other issues. Our government relations and public affairs team has risen to the challenge, and with Anthony’s leadership, we will further strengthen our voice and impact with governments across the country.”

Experience in public and private sectors

Before joining Restaurants Canada, Polci spent nearly two decades at the Canadian Bankers Association, where he held senior leadership positions, including chief strategy officer and head of government relations. The association represents Canada’s banking sector and engages extensively with federal and provincial governments on regulatory and policy matters.

Earlier in his career, Polci held several senior roles within the Office of the Minister of Transport, providing him with experience inside government as well as in external advocacy roles. Restaurants Canada said his career spans senior positions in both the public and private sectors.

The organization did not disclose the terms of Polci’s appointment or whether the role is newly created or fills a vacancy.

Ottawa-based role

Restaurants Canada said Polci will be based out of its Ottawa, Ont., office. The association maintains a presence in the national capital to support its government relations work at the federal level.

The executive vice-president role encompasses both government relations and public affairs, reflecting the association’s focus on policy advocacy and communications related to public policy issues affecting the foodservice sector.

Restaurants Canada did not outline specific priorities Polci will be tasked with in his new position beyond leading the advocacy team.

Focus on advocacy

In announcing the appointment, Restaurants Canada emphasized the importance of advocacy to its mandate as a national industry association. The organization represents foodservice businesses across Canada, including restaurants and other operators, and engages with governments on issues affecting the sector.

Higginson’s statement pointed to recent challenges faced by the foodservice industry, including trade-related pressures, supply chain issues and changes to immigration policy. The association said its government relations and public affairs team has been actively engaged on these files.

Polci’s appointment places responsibility for that work under a single senior executive as Restaurants Canada continues its engagement with federal, provincial and municipal governments.

About the organization

Restaurants Canada is a national, not-for-profit association representing Canada’s foodservice industry. According to the organization, restaurants make up a $124 billion industry and employ nearly 1.2 million Canadians. Restaurants Canada also describes the sector as the country’s largest source of first-time jobs.

The association said it works to advance the interests of a diverse foodservice industry through advocacy and public policy engagement.

Polci’s appointment is effective immediately.

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Empire launches Feed The Dream campaign tied to Milano Cortina 2026 Games

By

Mario Toneguzzi

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January 12, 2026

EXTERIOR OF SOBEYS GROCERY STORE. PHOTO: SUPERMARKET NEWS

Empire Company Limited is launching a national marketing and community engagement campaign linked to the Milano Cortina 2026 Olympic and Paralympic Winter Games, positioning its grocery banners alongside Team Canada athletes and their support networks.

The company said that its Feed The Dream campaign will run across its Sobeys, IGA, Safeway, Foodland, Thrifty Foods, Farm Boy and Voilà brands, with programming designed to connect consumers, communities and athletes in the lead-up to and during the Games.

Campaign scope and business focus

Empire said the campaign is intended to unify activity across its grocery portfolio while reinforcing its role as the official grocer of Team Canada. The initiative includes athlete-focused content, in-store and digital contests, community events and broadcast partnerships, as well as continued direct support for Olympic and Paralympic athletes.

“As Canada’s family grocery store, we’ve stood behind Canadians and their dreams since 1907. With the surge of Canadian pride and unity over the past year, we broadened our Feed The Dream campaign to be about inspiring and feeding not only our athletes but the dreams of all Canadians,” said Erika DeHaas, vice-president of corporate marketing at Empire. “With our campaign creative, we worked to really capture this spirit by highlighting both our deep Canadian roots and our Team Canada partnership.”

Empire said the campaign will highlight the role of food, families and communities in athletes’ development, while also engaging customers through experiential and promotional elements tied to the Games.

Athlete content and community activation

As part of the rollout, Empire said it will release short films and athlete imagery featuring members of its Team Sobeys roster, focusing on the support systems behind their paths to Milano Cortina.

The company will also deploy a Feed The Dream Mobile Food Experience Trailer to Pictou County, N.S., offering food sampling, giveaways and community activities. Empire’s hometown is Stellarton, N.S.

In addition, Empire said it has partnered with CBC to deliver custom Olympic and Paralympic coverage, including behind-the-scenes athlete content, as part of the broadcaster’s Games programming.

Ongoing athlete and employee programs

Empire said it will continue providing grocery support to Team Canada athletes before and after the Games through its Athlete Grocery Card program.

Internally, the company said four employees will be selected through a company-wide contest to travel to Italy as correspondents for the Paralympic Winter Games. The selected employees will deliver behind-the-scenes content from the Games. As part of the program, employees can also nominate a local community sports organization to receive one of three donations valued at $5,000.

For consumers, Empire said the campaign includes a national contest offering Feed Your Team prize packages, which include a viewing kit, snacks and a $100 grocery gift card. Separate in-store and digital contests will offer shoppers a chance to win one of three prizes of one million Scene+ points.

Team Sobeys athlete roster

Empire also announced its Team Sobeys athletes for the 2026 Games. The roster includes Blayre Turnbull of Stellarton, N.S., in ice hockey; Isabelle Weidemann of Calgary in long-track speed skating; Kalle Eriksson of Kimberly, B.C., in para alpine skiing; ice dance figure skaters Paul Poirier and Piper Gilles of Toronto; Sarah Nurse of Hamilton, Ont., in ice hockey; and Tyler Turner of Campbell River, B.C., in para snowboard.

Empire said the athletes will represent the company across campaign content and appearances tied to the Games.

Olympic and Paralympic partners respond

The Canadian Olympic Committee said the partnership supports athletes and broadens public engagement with the Games.

“The support of partners like Sobeys, who understand what it takes for Canadian athletes to realize their Olympic dreams, is essential for Team Canada’s success on the world stage. Our shared values are helping Feed The Dreams of not only Team Canada but the entire country who will be cheering on Canadian athletes this winter,” said Jacquie Ryan, chief brand and commercial officer at the Canadian Olympic Committee and CEO of the Canadian Olympic Foundation.

The Canadian Paralympic Committee said Empire’s involvement contributes both materially and symbolically to Paralympic athletes’ preparation.

“Sobeys helps provide two critical ingredients towards the Canadian Paralympic Team’s success – providing access to proper nutrition and helping rally the nation’s support by shining a spotlight on the athletes,” said Karen O’Neill, CEO of the Canadian Paralympic Committee. “It takes a huge team to bring the dreams of Canada’s Paralympians to life and we can’t wait to celebrate them on the world stage.”

Company background

Empire Company Limited is a Stellarton-based food and real estate company whose primary business is food retailing through its wholly owned subsidiary Sobeys Inc. The company reported approximately $31 billion in annual sales and $17 billion in assets, and said it employs about 129,000 people across its operations, affiliates and franchisees.

Empire said information on campaign activities, contests and Team Sobeys athletes will be available through its Sobeys-branded digital platforms as the Milano Cortina Games approach.

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Aesop Opens Robson Street Store in Downtown Vancouver

By

Craig Patterson

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January 12, 2026

image - 2026-01-11T175938.021 — Aesop store at 1101 Robson Street in Vancouver. Image supplied

Aesop has opened a new store on Robson Street in downtown Vancouver, further strengthening its presence in one of Canada’s most competitive urban retail corridors. Located at the prominent corner of Robson and Thurlow streets, the Aesop Robson Street store becomes the brand’s second downtown Vancouver location, joining its existing Gastown boutique, and its fifth location overall in the city.

The Robson Street opening places Aesop within one of Vancouver’s most visible and heavily trafficked shopping districts, surrounded by international fashion brands, luxury retailers, and a constant flow of locals and tourists. The site was previously occupied by Spanish footwear retailer Camper, and its corner positioning offers strong visibility from multiple directions, a factor that aligns with Aesop’s emphasis on embedding stores into the everyday rhythm of city life.

Architecture and Design Rooted in Place

The Aesop Robson Street store features wide, unobstructed windows that open the interior to the street, reinforcing a sense of transparency and connection with the surrounding neighborhood. According to the brand, this familiar imagery of the street corner is echoed through the generous use of glass and a long bench positioned behind the façade, allowing visitors to observe the movement and character of Robson Street itself.

The interior was designed by Aesop’s in-house design team and reflects what the company describes as the humility of a neighborhood shop. The space incorporates movable, readymade shelves clad in aluminum, paired with smooth resin flooring that grounds the environment while maintaining a refined, minimalist aesthetic.

One of the most distinctive architectural elements is a sculptural lampshade created by Vancouver-based artist Alan Storey. Crafted from fibreglass and resin, the piece serves as an anchoring feature within the store, lighting the space while subtly referencing the intersection of Robson and Thurlow streets that it overlooks.

Trevor Thomas of JLL represented Aesop in the lease deal. Mario Negris and Martin Moriarty of Marcus & Millichap represented the landlord.

Aesop store at 1101 Robson Street in Vancouver. Image supplied

Fifth Vancouver Store Marks Continued Local Investment

With the opening of the Aesop Robson Street store, Vancouver now hosts five Aesop locations, including Gastown, Kitsilano on West 4th Avenue, Main Street, and the downtown Robson Street site. The new opening underscores the brand’s strategy of layering multiple locations within established urban markets, rather than pursuing rapid expansion into secondary cities.

This approach mirrors Aesop’s broader Canadian footprint, which now totals 16 stores nationwide. The brand operates six locations across the Greater Toronto Area, five in the Greater Vancouver area, four in Montréal, and one in Calgary, with additional distribution through select prestige retailers.

A Decade of Growth in Canada

Aesop entered the Canadian market in 2015, opening its first Vancouver store in Gastown, followed shortly by a Queen Street West location in Toronto. By 2016, the brand had expanded into Montréal, establishing an early three-city footprint that would later evolve into a dense national network.

Over the past decade, Aesop has steadily deepened its presence in major urban centers through a mix of streetfront boutiques and select mall-based locations, including CF Toronto Eaton Centre, Yorkdale Shopping Centre, CF Rideau Centre in Ottawa, and CF Chinook Centre in Calgary. Toronto has emerged as the brand’s densest Canadian market, while Vancouver remains a key West Coast stronghold.

Founded in Melbourne in 1987, Aesop is best known for its range of skin, hair, and body care products formulated with a blend of plant-based and laboratory-made ingredients selected for safety and efficacy. The brand’s assortment spans facial cleansers, moisturizers, serums, hand and body care, fragrances, and grooming products, all presented in Aesop’s signature amber packaging.

In Canada, Aesop has positioned itself within the premium beauty and personal care segment, appealing to consumers drawn to understated design, functional formulations, and immersive retail environments. Beyond its standalone stores, Aesop products are also sold through select prestige retailers, including Holt Renfrew, extending the brand’s reach while maintaining a tightly curated distribution strategy.

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Toronto Gift + Home Market Returns as Canada’s Largest Spring Wholesale Trade Event

By

Craig Patterson

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January 12, 2026

DFF_9605 — PHOTO: CANADIAN GIFT ASSOCIATION

Canada’s wholesale gift, home, and lifestyle buying season officially begins in late January with the return of the Toronto Gift + Home Market, the country’s largest and most established spring wholesale trade event. Taking place January 25 to 29, 2026, the market will once again bring together retailers, buyers, and exhibitors from across Canada at the Toronto Congress Centre South Building.

Recognized as Canada’s National Spring Show, the Toronto Gift + Home Market serves as a key planning and sourcing moment for retailers preparing for the year ahead. The event offers a comprehensive view of emerging product trends, new vendor relationships, and category-defining innovations across the gift and home landscape.

A National Gathering for Canada’s Gift and Home Industry

Each winter, the Toronto Gift + Home Market acts as a focal point for the Canadian wholesale community. Retailers attend to gather inspiration, identify new product opportunities, and connect directly with trusted suppliers. The event also provides valuable insight into consumer trends that will shape purchasing decisions throughout the year.

Hosted exclusively in the South Building at the Toronto Congress Centre, the show is free to attend for qualified buyers. It attracts retailers from coast to coast, including independent stores, specialty boutiques, museum shops, lifestyle retailers, and national chains seeking depth and diversity across their assortments.

Broad Product Mix Across Core Retail Categories

The Spring 2026 Toronto Gift + Home Market features an expansive range of product categories designed to meet the needs of a wide cross-section of retailers. Buyers can source across souvenirs, handmade goods, housewares, home décor, fashion, toys, gourmet food, jewellery, and general gift.

A notable highlight for 2026 is the continued focus on Proudly Canadian, presented by CFIB. This feature showcases Canadian-made and Canadian-owned brands, responding to growing retailer and consumer interest in supporting domestic suppliers, local production, and homegrown entrepreneurship.

Designed for Efficient, High-Value Buying

The Toronto Gift + Home Market is structured to support productive buying over five days, with extended daily show hours from Sunday through Wednesday, followed by a half-day close on Thursday. This format allows retailers to plan visits efficiently while giving exhibitors meaningful time to connect with buyers, present collections, and build relationships.

The South Building location offers a centralized, easy-to-navigate layout that supports focused discovery and productive meetings. For many retailers, the January timing aligns directly with seasonal buying cycles, making the market a practical and strategic start to the retail year.

A Proven Platform for Exhibitors

For brands and suppliers, the Toronto Gift + Home Market remains one of the most effective ways to reach Canadian retail decision-makers at scale. Exhibitors gain direct access to qualified buyers actively placing orders and planning assortments for the months ahead.

Companies interested in exhibiting at future Toronto Markets can connect directly with Norm Schulz, Director Sales & Operations, at nschulz@cangift.org or by phone at 416.642.1024.

Event Details and Registration

The Spring 2026 Toronto Gift + Home Market runs January 25 to 29, 2026, at the Toronto Congress Centre South Building. Show hours are 9:00 AM to 6:00 PM from Sunday through Wednesday, with a 9:00 AM to 1:00 PM schedule on Thursday, January 29.

Qualified buyers are encouraged to register in advance to attend this free industry event and secure access to Canada’s largest spring wholesale marketplace. Registration details and additional information are available at cangift.org

*Retail Insider worked with CanGift to create this sponsored content.

Canadian Retail News From Around The Web For January 12, 2026

By

Retail Insider

-

January 11, 2026

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 48 hours.

Holiday spending up 4.4% in Canada — despite many shoppers planning to cut back in 2025 (Money.ca)

Artizia hit over $1B in quarterly sales. Why is it doing so well? (BNN)

Fairfax’s Under Armour stake furthers ‘Canada’s Berkshire’ play (Financial Post)

January 11: Canada Post Outlet to Shut in Gastown as London Drugs Closes (Meyka)

FIRST READING: The Canadian downtowns being economically gutted by street disorder (National Post)

Canada Goose reshuffles leadership to drive global growth (Fibre 2 Fashion)

Empire Company unveils Team Canada Olympics campaign (Grocery Business)

Locals celebrate new produce store in Kensington Market focused on affordability (Toronto Today)

Northern Reflections store closing at Newmarket’s Upper Canada Mall (York Region)

What’s next for Gastown retail after London Drugs closes its store? (CBC)

In Toronto’s Crowded Restaurant Scene, Success Depends on What Happens Before Opening (6ix Retail)

Is the closure of a beloved Annex bike shop actually good news? (Toronto Today)