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Retail & Manufacturing

MEC said to be up for sale for second time in five years

MEC said to be up for sale for second time in five years

Retail analysts say likely buyer is another private-equity company
Black Friday was busiest holiday shopping day in Canada: Moneris

Black Friday was busiest holiday shopping day in Canada: Moneris

TORONTO — New data says Black Friday was the busiest shopping day of the 2024 holiday season in Canada, regaining the top spot after recent years were dominated by pre-Christmas shopping.
Lululemon raises fourth-quarter revenue and earnings per share forecast

Lululemon raises fourth-quarter revenue and earnings per share forecast

VANCOUVER — Lululemon Athletica Inc. has raised its forecast for revenue and earnings per share for its fourth quarter following a strong holiday season.
Aritzia's profit soared 72% in Q3 as its e-commerce net revenue spiked

Aritzia's profit soared 72% in Q3 as its e-commerce net revenue spiked

Aritzia Inc.'s net income jumped by almost 72 per cent over the last year as the company's e-commerce and U.S. revenues soared, but some of its financial figures also showed softness in the Canadian market.
Grocery code of conduct board hires former Fertilizer Canada CEO as adjudicator

Grocery code of conduct board hires former Fertilizer Canada CEO as adjudicator

The board heading up Canada's grocery code of conduct has hired an adjudicator to oversee the code's implementation. The board announced that Karen Proud will officially begin the role on March 17, with the code intended to be operational by June.
B.C. researchers aim to make the perfect T-shirt — from lumber

B.C. researchers aim to make the perfect T-shirt — from lumber

The bid to locally produce a sustainable high-end textile is still in its early stages, but researchers hope to have enough material to create prototypes within a year.
'Definitely busier': Retailers, restaurants see spending boost amid tax holiday

'Definitely busier': Retailers, restaurants see spending boost amid tax holiday

Almost a week into the GST holiday, retailers and restaurant owners appear on track for a sales boost despite some of the struggles they faced implementing the temporary break.
B.C. small business confidence among lowest in Canada, says report

B.C. small business confidence among lowest in Canada, says report

Provincial levies, payroll requirements and crime among reasons for bleak outlooks
B.C. cannabis wholesales growth slows to all-time low

B.C. cannabis wholesales growth slows to all-time low

B.C. wholesale buyers spent more than 23 times more on booze than on legal cannabis in the quarter up to the end of September
Taylor Swift fans' spending in Vancouver outpaced that on Black Friday: Moneris

Taylor Swift fans' spending in Vancouver outpaced that on Black Friday: Moneris

Payment processor pinned spending in downtown Vancouver during the weekend of Taylor Swift concerts at being up 154 per cent, compared with the Black Friday weekend