retail

ESTEVAN — Peavey Mart is set to close, according to local sources and other media reports. Its store Estevan introduced a 10 per cent store-wide sale last weekend, and some departments were already looking half-empty. A sign at the door indicated that supplier shortages were to blame for low inventory, however, the discussions circulating in […]

In a first for Canada, freight traffic on its two largest railways has simultaneously ground to a halt, threatening to upend supply chains trying to move forward from pandemic-related disruptions and a port strike last year. In the culmination of months of increasingly bitter negotiations, Canadian National Railway Co. and Canadian Pacific Kansas City Ltd. […]

Neighbourly Pharmacy Inc. says it has acquired six pharmacies across Canada. Financial terms of the deals were not immediately available. The company says it has acquired five locations in Saskatchewan, Nova Scotia and British Columbia in separate transactions. The sixth deal is for another location in B.C. and is expected to close later this month, pending […]

The Bank of Canada cut its key interest rate for the first time in more than four years today, marking a major turning point in its fight against inflation. Governor Tiff Macklem says the Bank of Canada has more confidence inflation is moving closer to its two per cent target, citing various indicators that suggest […]

Retailer London Drugs says it is “unwilling and unable” to pay a multimillion-dollar ransom to cybercriminals who claim to have stolen data in a hacking attack that recently shut down its stores for more than a week. The company says in a statement that the criminals could leak stolen corporate files containing employee information on […]

Giant Tiger Stores Ltd. says contact information for some of its customers was compromised in an “incident” linked to a third-party vendor it uses. Alison Scarlett, a spokesperson for the Ottawa-based discount retailer, would not name the vendor on Monday but said Giant Tiger uses the company to manage its customer communications and engagement. Giant Tiger is working hard to resolve the […]

CAA’s Regina Battery Depot will re-open in a new location after a fire heavily damaged its building on Dewdney.CAA is saying they will relocate to some retail space in the 200 block of  Albert Street in the same strip mall CAA’s North Albert Street Store is located. Unfortunately, this means CAA’s Vehicle Repair facility will […]

As scores of shoppers pack local malls to hunt for Black Friday deals, Dianne Debarros will be on the lookout for discounted toys and laptops her kids will soon need for school. The Sarnia, Ont., woman has already started her Christmas shopping but wants to supplement her purchases on a trip to Real Canadian Superstore, where the chain […]

The Saskatchewan government has spent millions of dollars to shutter its remaining liquor stores, resulting in the retailers posting a financial loss this year. This province says the Saskatchewan Gaming and Liquor Authority’s retail division lost $22.6 million this fiscal year. Lori Carr, the minister responsible for the authority, says the retailers were not profitable because the Saskatchewan Party government had […]

Canada’s competition watchdog is launching a study to examine whether the highly concentrated grocery sector is contributing to rising food costs. “With inflation on the rise, Canadian consumers have seen their purchasing power decline,” the Competition Bureau said in a news release Monday. “This is especially true when buying groceries. In fact, grocery prices in […]