Canadian luxury retailers and international brands invested in flagships, property and personalized service during Q3 2026. The report examines how selected Toronto and Vancouver projects, financial restructuring and changing store formats shape investment decisions without establishing a uniform national recovery.
Canadian jewellery and watch retailers invested in physical formats during Q3 2026 while financial performance diverged. Michael Hill, Pilgrim, Longines, Tiffany and other brands are using stores, services and temporary activations to improve productivity, control presentation and test customer demand.
This week in Canadian retail, growth initiatives, rising real estate demands, and strategic leadership shifts highlight sector resilience amid market challenges.
Retail Insider published 12 articles today on Canadian retail including Birks’ market move, Mattel’s strategy shift, Realm Fitness’ community, and McDonald’s new beverage platform.
The increase in net sales is attributable in part, to the acquisition of the luxury timepieces and jewelry retail activities of European Boutique, as well as an increase in both Birks branded jewelry and third party branded jewelry.
The company reported a gross profit of $36.5 million, an increase of $5.2 million, or 16.7%, compared to the corresponding period in Fiscal 2025, due to an increase in retail sales following the acquisition of European and strong third-party branded timepiece sales.
For the fiscal year, Birks reported net sales of $177.8 million, a decrease of $7.5 million or 4.0%, from the comparable fiscal year ended March 30, 2024.
Roger Dubuis launches its second Canadian boutique inside Maison Birks Downtown Vancouver, showcasing luxury Swiss watches in a 500 sq ft street-facing space.
In response to the outpouring of national pride, Birks said it is planning on relaunching their iconic maple leaf collection, with a broach expected to launch in the spring.
Luxury jeweler Birks has unveiled a new store concept at Montreal's Royalmount shopping centre, inspired by Canadian landscapes and heritage, to celebrate its 145th anniversary
The Richemont-owned retail concept houses some of the world’s top luxury watch brands, and will open two stores in Canada with its first in Montreal next month.Â
Included will be one of the world’s largest Rolex stores, and first-to-Canada locations for two of the world’s most exclusive and expensive jewellery and watch brands.Â
It’s the second downtown Birks location to close in Canada in three months. For several years, the jewellery retailer has been exiting downtowns and some markets entirely.
Both the downtown Maison Birks and Brinkhaus stores have seen substantial renovations, including new concept boutique spaces for Rolex and Patek Philippe.