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Winnipeg gold retailers are unusually busy as customers sell off or invest in gold amid rising prices, but businesses are also wrestling with ways to make their goods more attainable. “It is a roller-coaster,” said Paul Szurlej, co-owner of Golden Hand Jewellery in Winnipeg. “People are selling, people are trading, …
Read More »Pay high duties or lose U.S. shoppers? Some Canadian retailers forced to choose amid holiday sales
With no more duty-free shipping of small packages to the U.S., Canadian online retailers will have to make a tough gamble: pay pricey fees on low-value shipments to get a holiday sales boost from American customers, or lose those customers altogether? For nearly a century, international packages valued less than …
Read More »Retailers feel Black Friday pressure as Canadians expected to tighten their spending
Businesses are under pressure to get in on Black Friday sales and start them early as Canadian shoppers are expected to pull back this holiday season. That means more of what we’ve seen in recent years: businesses extending their promotions to offer deals from after Halloween until late December, according …
Read More »Aritzia, Canadian Tire, Lululemon among Canadian retailers shifting production outside China
While recent headlines have focused on Donald Trump’s threatened tariffs against Canadian products, retailers in this country have also been considering the possible impact of additional tariffs he’s threatened on goods coming from China. This could affect Canadian brands that manufacture products overseas and sell them south of the border. …
Read More »Ontario made $520M from pot last year. So why do retailers say they’re struggling?
The province of Ontario made more than a half a billion dollars from the cannabis industry in the last fiscal year, according to public accounts released by the government on Friday. But that $520 million is coming at least partially at the expense of struggling local retailers, according to Michael Armstrong, a …
Read More »Inflation’s hit to consumer spending power means retailers may refocus on the low end
When the Hudson’s Bay Co. announced last week that it was jolting Zellers back from the dead, many former shoppers were moved to share fond memories of the discount chain. From old-fashioned Coke bottles to retro kitchen products, retailers know that nostalgia can sell. To the extent that some Canadians find themselves yearning …
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