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Is live shopping the next big disruptor in Canadian retail?
Living the stream: The next big disruptor in Canadian retail could be “live shopping,” wherein social media influencers promote and sell brand-name goods directly to consumers
globe careers
Canada’s most in-demand jobs show how the pandemic is changing the economy
File Number: 1677257 Worker is welding box. Manufacturing, welder, welding box Credit to Dainis Derics / iStockphoto (Royalty-Free)
report on business
Best job opportunities in Canada remain in tech sector, despite worries of layoffs
The setting sun reflects off the glass walls of two office buildings in Toronto’s Financial District as the sun sets on Nov 7, 2022.
technology
Amazon to lay off some staff in U.S., Canada and Costa Rica by end of day
FILE PHOTO: The logo of Amazon is seen at the company logistics center in Lauwin-Planque, northern France, November 15, 2022. REUTERS/Pascal Rossignol/File Photo
rob magazine
Solving Shopify’s misery: How Canada’s tech saviour lost its swagger — and why investors remain so scared
SHOPIFY, THE DARLING OF CANADA’S TECH INDUSTRY, HAS WATCHED ITS FORTUNES SINK OVER THE PAST YEAR. IS THERE MORE TO IT THAN THE MARKET ROUT? AND IS THERE A WAY BACK TO THE SURFACE?
international business
Teamsters union launches new division for Amazon employees
WILMINGTON, CALIFORNIA - SEPTEMBER 05: Members of the Teamsters (R) march, with shipping cranes in the background, in the annual Labor Day Parade hosted by the Los Angeles/Long Beach Harbor Labor Coalition on September 5, 2022 in Wilmington, California. Around 5,000 were expected to attend to the event. Labor Day was first celebrated in the U.S. in 1882 in New York City. (Photo by Mario Tama/Getty Images)
international business
Peloton to sell exercise bike, other accessories on Amazon in U.S. under new partnership
FILE PHOTO: A stationary bicycle inside of a Peloton store is pictured in the Manhattan borough of New York City, U.S., January 25, 2022. REUTERS/Carlo Allegri/File Photo
decoder
The e-commerce boom is fizzling out
FILE PHOTO: The logo of Shopify is seen outside its headquarters in Ottawa, Ontario, Canada, September 28, 2018. REUTERS/Chris Wattie/File Photo
report on business
Shopify cuts 10 per cent of staff as CEO Tobias Lutke apologizes for big bets on e-commerce, admits he ‘got this wrong’
The Shopify logo is seen in this handout image acquired by Reuters on June 22, 2022. Shopify/Handout via REUTERS THIS IMAGE HAS BEEN SUPPLIED BY A THIRD PARTY. NO RESALES. NO ARCHIVES. MANDATORY CREDIT.
property report
Amid scarce land supply, developers turn to multistorey buildings
rob magazine
Walmart Canada is in dire need of a shakeup. Meet the guy who’s leading it
After rising through the ranks to become CEO of Walmart Argentina and Chile, Horacio Barbeito was asked to head north to pump up Walmart’s limp operation in Canada in 2019.
property report
Suburban office teardowns make way for industrial warehouses
rob magazine
A focus on customer convenience put this Vancouver furniture retailer in the perfect spot to meet surging pandemic demand
world
UAE central bank sees COVID-19 increasing money-laundering risks
FILE PHOTO: A man enters the main branch of UAE Central Bank in Abu Dhabi, January 29, 2013. REUTERS/Ben Job
report on business
Canadian commercial property purchases hit record $14-billion in second quarter
The CNOOC Nexen building sits empty in downtown Calgary, Alta., Thursday, July 23, 2020. Jeff McIntosh for The Globe and Mail
top links
Credit Suisse sees buying opportunity in these Canadian renewable power stocks
A TransAlta wind turbine is shown at a wind farm near Pincher Creek, Alta., Wednesday, March 9, 2016.
report on business
Hudson’s Bay splitting its department stores from online marketplace to create two businesses
The Hudson's Bay Company sign in downtown Toronto, Wednesday July 16, 2008. Hudson's Bay Co. says it is separating its department stores from its online marketplace, creating two separate businesses and distinct leadership structures. THE CANADIAN PRESS/Adrian Wyld
report on business
U.S. private equity giant Blackstone to buy Canada’s WPT Industrial REIT for US$3.1-billion
FILE PHOTO: The ticker and trading information for Blackstone Group is displayed at the post where it is traded on the floor of the New York Stock Exchange (NYSE) April 4, 2016. REUTERS/Brendan McDermid/File Photo
international business
Advertising company WPP beats expectations as growth rebounds to pre-pandemic levels
FILE PHOTO: Branding signage for WPP, the largest global advertising and public relations agency at their offices in London, Britain, July 17, 2019. REUTERS/Toby Melville
compensation
I want to be a e-commerce business analyst ... what will my salary be?
istock
international business
Amazon interfered with union elections, U.S. labor board says
FILE PHOTO: A worker assembles a box for delivery at the Amazon fulfillment center in Baltimore, Maryland, U.S., April 30, 2019. REUTERS/Clodagh Kilcoyne/File Photo
report on business
Hudson’s Bay turns Saks Off 5th e-commerce business into standalone company, sells stake for US$200-million
A woman leaves a Hudson's Bay store in Toronto on November 1, 2017. Hudson's Bay Co. has signed a deal to sell its Lord and Taylor banner to Le Tote, a clothing subscription and rental business.THE CANADIAN PRESS/Nathan Denette
report on business
Lululemon first-quarter earnings soar on store reopenings, e-commerce
FILE - This Feb. 20, 2020 file photo shows a Lululemon sign in Burlingame, Calif. Athletic apparel maker Lululemon Athletica Inc. said Monday, June 29, 2020 it's acquiring at-home exercise startup Mirror for $500 million. The deal is part of Lululemon's plan to expand beyond just selling yoga tights and other workout clothing. (AP Photo/Jeff Chiu, File)
report on business
Retailers ‘at wits’ end’ as Ontario delays store reopenings
People walk past businesses on Spadina Avenue in Chinatown in Toronto on Thursday, May 13, 2021. Ontario Premier Doug Ford says public health measures are driving down COVID-19 cases, but they need to be maintained a few weeks longer so that the province can return to some semblance of normal this summer. THE CANADIAN PRESS/Nathan Denette
report on business
‘Super competitive’: Warehouse demand soars amid shift to online shopping
Employees work at the Amazon fulfilment centre in Brampton, Ont. on Monday, November 26, 2018. Commercial real estate and supply chain management businesses say a boom in online shopping during the COVID-19 pandemic is making it tough to find warehouse space. THE CANADIAN PRESS/Chris Young
report on business
Shopify executive exodus continues as nearly half of C-level team set to leave company
The Ottawa headquarters of Canadian e-commerce company Shopify are pictured on May 29, 2019. THE CANADIAN PRESS/Justin Tang
technology
Shopify-backed Toronto startup Swyft raises $17.5-million to roll out same-day delivery of online orders for smaller retailers
A view of the Lush store on Oxford Street, London, Friday June 1, 2018. Cosmetics retailer Lush has been criticized for using store window displays to criticize undercover police operations. On Friday the windows of more than 100 Lush stores in Britain featured displays supporting the Police Spies Out of Lives campaign. (Kirsty O'Connor/PA via AP)
report on business
Toronto startup Second Closet shifts its strategy amid pandemic surge in e-commerce
Left is Heindrik Bernable, co-founder and CTO and Mark Ang, CEO of Second Closet.
report on business
Stepping on the gas: Canadian online car selling platform Clutch secures $60-million to build national platform
Dan Park (left), CEO of Clutch, a Canadian startup that is an online marketplace for buying cars, is photographed with Stephen Seibel, COO and Founder, with their delivery flat-bed truck, in Toronto, on Fri., March, 19, 2021. (Christopher Katsarov/The Globe and Mail)
report on business
Banking veteran Rasha Katabi raises one of largest venture financings for Canadian woman-led startup at Brim Financial
Brim-App-Dashboard.jpg ***EMBARGO UNTIL 5am Wed June 27*** Credit - Brim Financial Inc.
investment ideas
GameStop jumps more than 40%, other ‘meme stocks’ rally on stimulus hopes
FILE PHOTO: The GameStop store sign is seen at its shop in Westminster, Colorado January 14, 2014. REUTERS/Rick Wilking/File Photo/File Photo
report on business
Hudson’s Bay to turn Saks.com into standalone business after deal to sell stake for $500-million
Signage is seen at Saks Fifth Avenue as retailers reported a downturn in sales related to the coronavirus outbreak in Manhattan, New York City, New York, U.S., March 13, 2020. REUTERS/Andrew Kelly
report on business
Judge denies injunction to reopen U.S. web store shuttered by Shopify for items allegedly promoting hate
A sign is seen outside the Shopify headquarters in Ottawa, Tuesday, September 1, 2020. Shopify Inc. plans to double its engineering team this year and has appointed a new vice-president to help it reach that goal.THE CANADIAN PRESS/Adrian Wyld
report on business
User-designed clothing company files injunction after Shopify shut down its web store
The Ottawa headquarters of Canadian e-commerce company Shopify are pictured on May 29, 2019. THE CANADIAN PRESS/Justin Tang
report on business
Shopify taps frenzied market for third time in a year, raising US$1.55-billion in stock offering
FILE PHOTO: An employee works at Shopify's headquarters in Ottawa, Ontario, Canada, October 22, 2018. REUTERS/Chris Wattie/File Photo GLOBAL BUSINESS WEEK AHEAD
technology
After blistering 2020, Shopify warns of softer year ahead, stops giving forward guidance
FILE PHOTO: An employee works at Shopify's headquarters in Ottawa, Ontario, Canada, October 22, 2018. REUTERS/Chris Wattie/File Photo GLOBAL BUSINESS WEEK AHEAD