Glen Korstrom
Business Journalist at Business in Vancouver (BIV)
Vancouver #business journalist: Lodestar/@BIVnews 🇨🇦 🏳️🌈 Mostly #retail #tourism #hospitality #cannabis #bcwine #lawsuits #economics & #AI
Articles
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1 day ago |
biv.com | Glen Korstrom |Stefan Labbe |Jami Makan |Graeme Wood
Artificial intelligence is now a permanent part of the global economy, driving innovation and productivity across sectors. It is not just digital technology that will be affected, and there are potential for new breakthroughs in health care, transportation and climate research.
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1 day ago |
biv.com | Glen Korstrom
Laying off most staff, cutting spending wherever possible and retrenching into a much smaller venture is not the only option when tough times hit. Applying for court protection from creditors under the Companies’ Creditors Arrangement Act can help top executives who are strategizing on how to restructure firms into viable operations. Many Vancouver-based businesses have found that this can be key to saving jobs and keeping storefronts operating.
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2 days ago |
biv.com | Glen Korstrom
Qantas Airways Ltd. plans to fly daily non-stop flights between its Sydney, Australia hub and Vancouver International Airport (YVR) for most of January, and then settle back to offering those flights four times per week until March, Vancouver Airport Authority director of air service development Russell Atkinson told BIV yesterday. The airline currently operates those flights three times per week on Boeing 787-9 planes, he said.
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2 days ago |
biv.com | Glen Korstrom
Vancouver-based apparel retailer Lululemon Athletica Inc. (Nasdaq:LULU) saw its share price plummet nearly 23 per cent in after-hours trading, after it released its earnings report this afternoon. Investors were likely concerned that the company lowered profit guidance for the year, and it posted what some might have seen as weak same-store sales growth.
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2 days ago |
biv.com | Glen Korstrom
The owner of the landmark Fairmont Hotel Vancouver building is suing luxury retailer Christian Dior for allegedly reneging on an agreement to extend its lease. This is happening despite Christian Dior continuing to operate a store in the hotel, and staff at that store telling BIV that they are unaware of any plans for the store to close. Plaintiff Hotel Vancouver (GP) Inc., as general partner for and on behalf of Hotel Vancouver LP, filed the lawsuit May 27.
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Why the BCGEU is accusing Vancity of shifting values, betraying credit union roots #BClab #BCecon #finance https://t.co/yKK8SBjufx
Here's why U.S companies are cancelling large Vancouver corporate events. Multiple sources said at least five of those events have been cancelled in recent months. #BCecon #events https://t.co/V9c4OaplmC
Acquisitions fuelling rapid growth at B.C.'s sixth largest public company as Premium Brands records record Q1 revenue. #retail #manufacturing #BCecon https://t.co/HA3hDLDoBc
