Category: Retail & Ecommerce

Canada Post urging early Christmas shopping as it gears up for online shopping rush

CanadianInvestor
Canada Post urging early Christmas shopping as it gears up for online shopping rush
OTTAWA — Canada Post is urging Canadians to shop early this holiday season to avoid the late arrival of gifts caused by a pandemic-induced shift to online shopping. “We know how important these items are to you and we want to deliver,” says Rod Hart, Canada Post’s chief customer and marketing officer. In a video to customers, he says many... Read More

Experts say counterfeit hand sanitizer recall at Dollarama is a lesson for retailers

CanadianInvestor
Experts say counterfeit hand sanitizer recall at Dollarama is a lesson for retailers
TORONTO — Dollarama Inc. is removing a counterfeit and recalled hand sanitizer from its shelves, which experts say should serve as a reminder of how important it is for retailers and consumers to do their due diligence when shopping. “Since coronavirus started, it’s just been a huge Wild West of personal protective equipment (PPE),” said Yue Gao, a pharmacist and... Read More

Sweden bans Huawei, ZTE from 5G, calls China biggest threat

Editor
Sweden bans Huawei, ZTE from 5G, calls China biggest threat
Sweden is banning Chinese tech companies Huawei and ZTE from building new high-speed wireless networks after a top security official called China one of the country’s biggest threats. The Swedish telecom regulator said Tuesday that four wireless carriers bidding for frequencies in an upcoming spectrum auction for the new 5G networks must not use equipment from Huawei or ZTE. Wireless... Read More

Shares of Chinese retailer Miniso jump in 1st day of trading

CanadianInvestor
Shares of Chinese retailer Miniso jump in 1st day of trading
HONG KONG — Shares of Miniso Group Holding jumped in their first day of trading, while the broader markets were on pace for their third straight loss this week. Miniso, a Chinese discount retailer known for its fashionable but affordable household products, raised $608 million in a U.S. initial public offering in New York. The Guangzhou-based retailer is the latest... Read More

Chinese retailer Miniso raises $608 million in IPO

CanadianInvestor
Chinese retailer Miniso raises $608 million in IPO
HONG KONG — Miniso, a Chinese discount retailer known for its fashionable but affordable household products, raised $608 million in a U.S. initial public offering in New York. The Guangzhou-based retailer is the latest Chinese company to list in the U.S., amid tensions that have taken U.S.-China relations to their worst level in decades. The U.S. market remains an attractive... Read More

Consumer prices rise 0.2% in September, used vehicles spike

CanadianInvestor
Consumer prices rise 0.2% in September, used vehicles spike
SILVER SPRING, Md. — U.S. consumer prices rose slightly in September, led again by sharp increases in the index for used vehicles. The consumer price index rose 0.2% last month, after gaining 0.4% in August, the Labor Department reported Tuesday. Prices for used cars and trucks rose 6.7% in September after a 5.4% gain in August and are now up... Read More

Five things to watch for in the Canadian business world in the coming week

Editor
Five things to watch for in the Canadian business world in the coming week
TORONTO — Five things to watch for in the Canadian business world in the coming week: Cineplex meeting Cineplex Inc. will hold its annual shareholder meeting on Tuesday. The Toronto-based movie exhibitor’s shares tumbled last week, first on news that the latest James Bond film would be delayed, followed by Ontario’s closure of movie theatres in some regions in response... Read More

Front-line retail workers call for the return of COVID-19 pay bump as cases spike

CanadianInvestor
Front-line retail workers call for the return of COVID-19 pay bump as cases spike
HALIFAX — Calls are mounting for the return of hazard pay as workers on the front lines of Canada’s retail industry grow increasingly anxious amid rising COVID-19 cases. While some companies offered so-called hero pay to essential workers at the outset of the pandemic, most wage premiums ended after the first wave. Yet retail workers say morale is lagging as... Read More

Walmart going on hiring spree, adding 10,000 people across the country

CanadianInvestor
Walmart going on hiring spree, adding 10,000 people across the country
TORONTO — Walmart Canada is hiring 10,000 people after announcing a $3.5-billion investment to drive growth. The positions are in e-commerce, fresh food, merchandising, customer experience, warehouse and drivers. Interested applicants can text to obtain an application or apply directly online. The retail giant says the investment over the next five years will lead to the use of advanced technologies... Read More

UK’s hospitality sector sounds alarm on jobs amid curfew

CanadianInvestor
UK’s hospitality sector sounds alarm on jobs amid curfew
LONDON — The U.K.’s pubs and restaurants could see well over 500,000 job losses by the end of 2020 as a result of new coronavirus restrictions, including the requirement they shut their doors at 10 p.m., the head of the hospitality sector’s main lobby group warned Tuesday. Kate Nicholls, chief executive of UKHospitality, told lawmakers that the combination of the... Read More