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1 month ago | 
homegoodsonline.ca | Clare Tattersall
Hudson’s Bay Company’s (HBC) dramatic restructuring is entering a new phase as Canada’s oldest company has agreed to assign more than two dozen of its store leases to a company controlled by billionaire Weihong (Ruby) Liu. This is the first major storefront acquisition amid the embattled retailer’s liquidation situation. Hudson’s Bay stores in three malls are part of the transaction as well as 25 other Bay locations in British Columbia, Alberta and Ontario.
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1 month ago | 
homegoodsonline.ca | Clare Tattersall
Think about walking into your favourite restaurant and your go-to mocktail is waiting for you by the time you sit down. This gesture has a noticeable impact; it shows exceptional foresight and customer service. Small moments of personalization won’t be lost on your retail customers, either.
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1 month ago | 
homegoodsonline.ca | Clare Tattersall
Consumer goods specialist Dorel Industries has reported a steep 8.7 per cent year-over-year decline in its first quarter revenue, marking nearly three years of consecutive quarterly losses. Reported net loss was $25.3 million US or 77 cents US per diluted share compared to $17.6 million US or 54 cents US per diluted share a year ago. This includes total restructuring costs of $1.6 million US. As such, the adjusted net loss was $23.6 million US or 72 cents per diluted share.
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1 month ago | 
homegoodsonline.ca | Clare Tattersall
The Retail Council of Canada (RCC) has announced Kim Furlong will lead the organization into its next era. Furlong will replace Diane Brisebois, as president and CEO. Brisebois announced her retirement in late January, after three decades with RCC. “Kim brings a deep expertise in public policy, stakeholder engagement and crisis communications,” says Anne Martin-Vachon, chair of RCC’s board of directors.
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1 month ago | 
homegoodsonline.ca | Clare Tattersall
There is no such thing as business as usual. Since the recession of 2008, Canadian retailers have been trying to keep up; managing market changes like the emergence of e-commerce, the Covid pandemic and now the threat of U.S. tariffs. These challenges add a layer of complexity to their already hectic workdays.
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1 month ago | 
homegoodsonline.ca | Clare Tattersall
The team behind IMM Cologne has announced the central theme for next year’s show: world of interiors. Under the banner, the event will present a comprehensive showcase of home lifestyle and interior design solutions geared to evolving consumer needs globally. “World of interiors sums up what the reconceptualized IMM Cologne stands for — it brings the entire spectrum of home interiors together at a single event,” says Bernd Sanden, director of IMM Cologne at show organizer Koelnmesse.
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1 month ago | 
homegoodsonline.ca | Clare Tattersall
The National Kitchen and Bath Association (NKBA), a leading trade association for the kitchen and bath industry with 55,00 members, and owner of the Kitchen and Bath Industry Show (KBIS), has partnered with the High Point Market Authority (HPMA), official sponsor and organizer of High Point Market, the world’s largest home furnishings trade show held every April and October in High Point, N.C. This alliance marks a convergence of the kitchen and bath sector with the furnishings industry,...
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1 month ago | 
homegoodsonline.ca | Clare Tattersall
Culp Inc., provider of fabrics for bedding and upholstery fabrics for residential and commercial furniture, has sold its mattress fabric manufacturing facility in Quebec. The transaction marks the completion of the company’s restructuring plan announced approximately one year ago.
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1 month ago | 
homegoodsonline.ca | Clare Tattersall
It doesn’t matter what side of politics you are on, the new administration in Washington has unleashed a wave of uncertainty. With many retailers already operating on thin margins, tariffs have struck fear and many businesses are in the crosshairs of disruption. But most have had to deal with disruption before. The Great Recession in 2008, and Covid pandemic are recent examples that come to mind.
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1 month ago | 
homegoodsonline.ca | Clare Tattersall
Canada’s largest home retailer Leon’s Furniture Ltd. (LFL) Group has reported better than expected results for the first quarter of fiscal year 2025. Revenue grew 3.1 per cent or $17.2 million year-over-year to $579.5 million from $562.3 million. Same-store sales were also up three per cent over the same time period. The improvement was primarily driven by sales in the furniture category and commercial appliance, warranty and insurance businesses.
