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Retail & Manufacturing

Retail sales rise 1.4% in March as shoppers stock up on big ticket items ahead of tariffs

Retail sales rise 1.4% in March as shoppers stock up on big ticket items ahead of tariffs

NEW YORK (AP) — U.S. shoppers stepped up their shopping last month, fueled by a spending spree on big ticket items, particularly cars, before President Donald Trump’s expansive new tariffs started kicking in.
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Competition Bureau opens review of deal involving MEC and TGI Holding

Competition Bureau opens review of deal involving MEC and TGI Holding

OTTAWA — Canada's competition regulator has opened a review of a deal involving retailer Mountain Equipment Co. Ltd. and TGI Holding Inc. It was not immediately clear who owns TGI Holding or what a deal would mean for MEC.
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Statistics Canada says manufacturing sales rose 0.2 per cent to $72.9B in February

Statistics Canada says manufacturing sales rose 0.2 per cent to $72.9B in February

OTTAWA — Statistics Canada says total manufacturing sales rose to their highest level since September 2023 as they climbed 0.2 per cent to $72.9 billion in February.
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Hudson's Bay sale now using protocol designed to handle insider bid: document

Hudson's Bay sale now using protocol designed to handle insider bid: document

TORONTO — A new document circulated to lawyers involved in Hudson’s Bay’s creditor protection case is raising suspicion that a company insider may be exploring a bid for the retailer’s assets or leases.
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Frank and Oak to close nine stores by May 7 as it seeks buyer or investor

Frank and Oak to close nine stores by May 7 as it seeks buyer or investor

Apparel retailer Frank and Oak says it is closing nine stores across Quebec, Ontario and British Columbia by May 7.
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Owner of three shopping malls in B.C. says she wants to buy Hudson's Bay

Owner of three shopping malls in B.C. says she wants to buy Hudson's Bay

A Chinese billionaire in British Columbia has taken to social media to announce her plans to buy dozens of Hudson's Bay locations after she saw "Canadians feeling sad" over the collapse of the retail giant.
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Demise of Hudson’s Bay holds lessons for Vancouver retailers

Demise of Hudson’s Bay holds lessons for Vancouver retailers

Retail consultants say a lack of distinctive products and frugal private-equity owners hurt the brand’s image
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Hudson's Bay closures to cause job losses well beyond the retailer

Hudson's Bay closures to cause job losses well beyond the retailer

TORONTO — When Hudson's Bay closes the vast majority of its stores in June, the job losses will extend beyond the storied retailer's own workforce.
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Canadian apparel company stock prices fall after tariff announcement

Canadian apparel company stock prices fall after tariff announcement

TORONTO — Canadian apparel companies including Aritzia and Lululemon saw their stock prices slide Thursday as investors reacted to the sweeping new tariffs announced by U.S. President Donald Trump on Wednesday.
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Major downtown Vancouver closures suggest ‘dire’ retail outlook for area

Major downtown Vancouver closures suggest ‘dire’ retail outlook for area

Bright spots include Granville Street’s new Rec Room and a large mixed-use project above the Commodore Ballroom
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