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Retail & Manufacturing

MEC acquired by Canadian investors, including own executives

MEC acquired by Canadian investors, including own executives

Investors include textile executive Tim Gu and MEC's own executives Peter Hlynsky and Chris Speyer
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Canadian Tire a good fit for Hudson's Bay but will need to exercise caution: experts

Canadian Tire a good fit for Hudson's Bay but will need to exercise caution: experts

TORONTO — With Canadian Tire poised to become the new home for Hudson's Bay and its brands, retail experts say the company will have to balance the integrity and heritage of the 355-year-old department store with the wealth of possibilities its forth
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Hudson's Bay creditor protection extended until July 31

Hudson's Bay creditor protection extended until July 31

TORONTO — An Ontario court has extended Hudson’s Bay’s reprieve from the hundreds of businesses it owes money until the end of July.
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Hudson's Bay garnered 17 bids in process to find new owner for retailer, assets: docs

Hudson's Bay garnered 17 bids in process to find new owner for retailer, assets: docs

TORONTO — A new court filing shows a process meant to find a new owner for Hudson's Bay and its assets has yielded 17 bids.
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HBC's slow demise was no surprise, says B.C. retail expert

HBC's slow demise was no surprise, says B.C. retail expert

‘It was always a question of when, not if,’ David Ian Gray says of Hudson's Bay Co.'s misfortunes
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Acquisitions fuel Premium Brands growth to record Q1 revenue

Acquisitions fuel Premium Brands growth to record Q1 revenue

Sales set to reach up to $7.4 billion this year after steady growth through the decades
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Vancouver's Kits Eyecare grows sales by a third to record $46.6M

Vancouver's Kits Eyecare grows sales by a third to record $46.6M

Growth drivers were sales for glasses with progressive lenses, and contact lenses, which both have hefty profit margins
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Aritzia diversifying away from China as tariff tensions continue: CEO

Aritzia diversifying away from China as tariff tensions continue: CEO

Aritzia Inc. says it is shifting some of its supply chain away from China, which has been hammered with triple-digit tariffs from the United States.
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Canadian Tire bidding on Hudson's Bay assets, sources say

Canadian Tire bidding on Hudson's Bay assets, sources say

TORONTO — Beleaguered retailer Hudson's Bay has attracted a bid from Canadian Tire, two sources familiar with the sales process say.
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Statistics Canada says retail sales fell 0.4 per cent to $69.3B in February

Statistics Canada says retail sales fell 0.4 per cent to $69.3B in February

OTTAWA — Retail sales dropped 0.4 per cent to $69.3 billion in February as sales fell at new car dealers, Statistics Canada said Friday. However, the agency said its early estimate for March suggested an increase of 0.
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