
Articles
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1 week 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 week 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 week 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 week 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 week 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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