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economy
Canadian retail sales up 0.9% to $60.7-billion in April
A shopper wipes down a handle as they select a cart at an Ikea furniture store in Ottawa, on Tuesday, May 31, 2022. Statistics Canada will release its retail sales figures for April on Tuesday. Total retail sales in Canada hit $60.1 billion in March, virtually unchanged from the month before as a slump in new car sales offset healthy consumer spending gains elsewhere. THE CANADIAN PRESS/Justin Tang
canada
Quebec cannabis corporation workers walk off the job in one-day strike
A person walks into an SQDC (Societe quebecoise du cannabis) store in Montreal, Saturday, Jan. 15, 2022. Employees of the Quebec cannabis corporation are staging a one-day walkout at about 15 branches. THE CANADIAN PRESS/Graham Hughes
u.s. business
Lego to invest over $1-billion in U.S. factory
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retail
As high inflation lingers, retailers brace for a tapped-out consumer
People shop at the Liberty Village Canadian Tire location in Toronto, on Thursday, February 17, 2022. Christopher Katsarov/The Globe and Mail)
report on business
Shopify releases shareholder vote tally on proposal to give CEO key voting rights
Shopify Inc. headquarters signage in Ottawa on Tuesday, May 3, 2022. Shopify Inc. is a Canadian multinational e-commerce company. Shopify Inc. says 53.68 per cent of shareholders, excluding founder and chief executive Tobi Lütke, voted in favour of a plan to grant him key voting power at the company. THE CANADIAN PRESS/Sean Kilpatrick
report on business
Dairy Farmers of Canada seeks second milk price hike this year, citing inflation
Milk and dairy products are displayed for sale at a grocery store in Aylmer, Que., on Thursday, May 26, 2022. Dairy Farmers of Canada has asked the Canadian Dairy Commission for a mid-year milk price hike due to the current inflationary environment. THE CANADIAN PRESS/Sean Kilpatrick
report on business
Choice Properties buys interest in GTA land where Loblaw will open facility
A man leaves a Loblaws store in Toronto on Thursday, May 3, 2018. The company says George Weston Ltd. will receive its 61.6 per cent interest in Choice Properties REIT and Loblaw's minority shareholders will receive George Weston shares in exchange. THE CANADIAN PRESS/Nathan Denette
u.s. business
Gap slashes forecast as inflation rips demand, Old Navy stumbles
SAN FRANCISCO, CALIFORNIA - AUGUST 18: A sign is posted in front of the GAP flagship store on August 18, 2020 in San Francisco, California. Gap Inc. announced that they will permanently close its flagship store in San Francisco and all but one store in the city due to a drop in retail sales as the coronavirus COVID-19 pandemic continues. (Photo by Justin Sullivan/Getty Images)
report on business
Canada Goose reports $9.1-million fourth-quarter loss, revenue up from year ago
FILE PHOTO: The logo of Canada Goose is seen at a store in Manhattan, New York City, U.S., February 7, 2022. REUTERS/Andrew Kelly/File Photo
u.s. business
Lowe’s sales disappoint as late spring hurts seasonal demand
FILE PHOTO: Lowe's workers collect shopping carts in the parking lot at the Lowe's Home Improvement Warehouse in Burbank, California August 15,2011. REUTERS/Fred Prouser/File Photo
u.s. business
U.S. retail sales rise 0.9 per cent in April as consumers show resilience
FILE - A customer wears a mask as she waits to get a receipt at a register in Target store in Vernon Hills, Ill., Sunday, May 23, 2021. Retail sales rose modestly in March 2022, but higher prices for food, gasoline and other basics took a big share of their wallet. Retail sales increased 0.5% after registering a revised 0.8% jump from January to February. (AP Photo/Nam Y. Huh, File)
u.s. business
Walmart profit falls, cuts outlook as fuel, labour costs spike
FILE PHOTO: Walmart shopping carts are seen on the parking lot ahead of the Thanksgiving holiday in Chicago, Illinois, U.S. November 27, 2019. REUTERS/Kamil Krzaczynski/File Photo
u.s. business
Home Depot raises annual profit forecast as demand holds up
FILE PHOTO: A shopper reaches for pesticide products at a Home Depot store in Wilmington, Delaware U.S. November 19, 2020. REUTERS/Mark Makela/File Photo
rob magazine
How Laura Wittholz managed to keep The Ten Spot and its chain of beauty bars afloat during the pandemic
How CFO Laura Wittholz managed to keep The Ten Spot and its chain of beauty bars afloat during the pandemic—despite 300 days of almost no revenue. April 2022
canada
Industry groups call on Ottawa to stop potential CP Rail work stoppage
FILE PHOTO: A Canadian Pacific Railway crew works on their train at the CP Rail yards in Calgary, Alberta, April 29, 2014. REUTERS/Todd Korol/File Photo
investment ideas
Wall Street eyes Walmart results for signs of tighter margins, slower growth
In this file photo taken on July 15, 2020, a man and child walk in front of a Walmart store in Washington.
investment ideas
Retail investors show signs of fatigue after last year’s trading frenzy: report
In this photo provided by the New York Stock Exchange, trader Sal Suarino works on the trading floor, Tuesday, Jan. 18.
investment ideas
Gap taps NFT craze by taking classic hoodies digital
A customer enters a Gap store on March 04, 2021 in Corte Madera, California.
report on business
Vinyl popularity softens decline of Canadian album sales: industry report
Dean Reid, founder of Canada Boy Vinyl, the only vinyl record factory in Canada, plays a record at the facility in Calgary, Alta., Thursday, Oct. 22, 2015. THE CANADIAN PRESS/Jeff McIntosh
report on business
Black Friday set to overshadow Boxing Day as Omicron variant threatens to dampen sales
A man wears a face mask as he walks by a storefront window advertising after Christmas sales on Boxing Day in Montreal, Saturday, Dec. 26, 2020. The Omicron variant threatens to tamp down retail sales on Boxing Day, as concerns rise along with case counts and pandemic restrictions.THE CANADIAN PRESS/Graham Hughes
inside the market
Emerging from creditor protection, this Canadian retailer appears to be significantly undervalued by investors
food & wine
Canada faces liquor shortages ahead of holiday season, alcohol authorities say
Signage reflecting a product shortage is displayed at the Nova Scotia Liquor Corp. in Halifax on Friday, Dec. 10, 2021. The country is facing alcohol shortages ahead of the holidays due to supply chain issues related to transportation problems, production issues and pandemic-related labour shortages. THE CANADIAN PRESS/Andrew Vaughan
investment ideas
Coatue, Ackman invest in trading-focused social network Commonstock
Pedestrians pass the New York Stock Exchange, Monday, Oct. 4.
real estate
Despite lingering pandemic, the economic outlook for commercial property brightens
Building operations and materials in the commercial real estate sector account for about 30 per cent of carbon emissions.
investment ideas
U.S. SEC will publish GameStop post-mortem ‘shortly,’ Gensler says
Securities and Exchange Commission, Chairman Gary Gensler speaks during a Senate Banking, Housing, and Urban Affairs Committee hearing on "Oversight of the U.S. Securities and Exchange Commission" on Tuesday, Sept. 14 in Washington
investment ideas
‘Meme’ stock Robinhood jumps 10% in end to turbulent week
investment ideas
Retail traders account for 10 per cent of U.S. stock trading volume: Morgan Stanley
A trader works at the trading floor of KBC bank in Brussels, Belgium August 25, 2015.
report on business
Shopify to launch new revenue share model, speed up transactions as competition grows
A sign is seen outside the Shopify headquarters in Ottawa on Tuesday September 1, 2020. THE CANADIAN PRESS/Adrian Wyld
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
u.s. business
Big U.S. retailers line up deals to challenge Amazon during its annual Prime Day promotion
FILE - In this Thursday April 16, 2020 file photo, The Amazon logo is seen in Douai, northern France. Amazon is looking to kickstart holiday shopping early this year. The company said Monday, Sept. 28, 2020 that it will hold its annual Prime Day sales event over two days in October That's because the pandemic forced it to be postponed from July. It’s the first time the sales event is being held in the fall. (AP Photo/Michel Spingler, File)
report on business
Retail, movie theatre executives slam Ontario’s ‘insane’ COVID-19 reopening plans
Philanthropist Heather Reisman speaks during an announcement in Toronto on March 25, 2019. Ontario's reopening plan is being lambasted by some of the country's top retail and cinema executives, who argue the plan will further gut businesses after enduring one of the world's longest lockdowns. Indigo Books and Music CEO Heather Reisman says retailers are dying and every additional day they are forced to remain closed hurts. THE CANADIAN PRESS/Cole Burston
investment ideas
Recent retail flows into meme stocks hit January peak levels
Closed signs are seen on an AMC Theatre during the outbreak of the coronavirus disease (COVID-19), in New York City on April 29, 2020.
investment ideas
With AMC shares sky-high, ‘gamma squeeze’ less of a driving force
Closed signs are seen on an AMC Theatre during the outbreak of the coronavirus disease (COVID-19), in New York City, U.S., April 29, 2020.
investment ideas
AMC stock reverses losses as movie chain completes another share sale
In this March 5, 2021 file photo, people line up for movie tickets at a reopened AMC theater in New York.
investment ideas
With popcorn and tweets, AMC’s CEO rides retail investor wave
An AMC theatre is pictured in Times Square in the Manhattan borough of New York City on June 2.
investment ideas
GameStop boosts teen interest in investing: survey
U.S. one dollar banknotes are seen in front of displayed GameStop logo in this illustration taken Feb. 8.