Category: Retail & Marketing

Feb 13

Shopify tumbles after earnings fail to impress Wall Street

Article content Shopify Inc. reported sales and profit for the fourth quarter that narrowly beat analysts’ estimates, but that didn’t impress Wall Street after the stock more than doubled last year. Revenue for the period rose 24 per cent to US$2.1 billion, beating the US$2.08 billion average estimate of analysts surveyed by Bloomberg. Profit, excluding […]
Jul 20

‘Barbenheimer’ hype comes to Canada as moviegoers snap up advanced tickets: Cineplex

Article content Cineplex says the “Barbenheimer” phenomenon is taking hold in Canada, with nearly 345,000 advance tickets purchased for two of the biggest Hollywood movie releases of the year. Article content Canada’s largest movie theatre chain says it’s no surprise that moviegoers are eager to see Christopher Nolan’s “Oppenheimer,” and Greta Gerwig’s “Barbie” — two […]
Jun 21

Canada Bread settles years-long price-fixing allegations, to pay $50-million fine

Breadcrumb Trail Links Retail & Marketing News Regulators contend bread price-fixing scheme began in 2001 and spanned at least 14 years Get the latest from Barbara Shecter straight to your inbox Sign Up Loaves of Canada Bread Co. Dempster’s multigrain bread at a grocery store in Vancouver. Canada Bread has settled allegations it took part […]
Feb 2

Canada Goose cuts outlook after COVID disruption hits China sales

Breadcrumb Trail Links Retail & Marketing News Economy Revenue down in third quarter Canada Goose Holdings Inc. sales were hit by COVID-19 disruptions in China. Photo by Galit Rodan/Bloomberg Article content Canada Goose Holdings Inc. reported a drop in third-quarter sales amid disruption from China lifting its zero-COVID-19 policy and a tougher macro environment in […]
Jan 12

Aritzia notches record revenue amid higher costs from warehouses, labour, inflation

Breadcrumb Trail Links Retail & Marketing News Half of its net sales came from the U.S. An Aritzia store in New York. Photo by David Williams/Bloomberg Article content Aritzia Inc. shares declined in morning trading after the clothing retailer generated strong top-line growth during the third quarter, but reported higher warehousing costs and lowered its […]
Jan 5

Bed Bath & Beyond expresses ‘substantial doubt’ it can stay in business

Breadcrumb Trail Links Retail & Marketing News Pursuing strategic alternatives, including restructuring debt, selling assets or filing for bankruptcy-court protection Author of the article: Bloomberg News Jeannette Neumann Published Jan 05, 2023  •  2 minute read Join the conversation Shopping carts stand lined up in front of a Bed Bath and Beyond Inc. store in […]