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Retail & Manufacturing

B.C. billionaire wanting Bay leases doesn't have cash to launch new chain: landlord

B.C. billionaire wanting Bay leases doesn't have cash to launch new chain: landlord

TORONTO — Hudson's Bay landlords were back in court Friday arguing a B.C. billionaire doesn't have the cash needed to launch a new retailer. Ruby Liu wants to buy 25 Bay leases for $69.1 million and open a new department store named after herself.
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Hudson's Bay battle over lease sale to B.C. billionaire could set precedent: lawyer

Hudson's Bay battle over lease sale to B.C. billionaire could set precedent: lawyer

TORONTO — A potentially precedent-setting showdown between Hudson's Bay and a group of landlords opposing the retailer's push to sell about two dozen of its leases to a B.C. billionaire got underway in court Thursday.
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Best Buy Canada far outpaces U.S. parent in sales growth

Best Buy Canada far outpaces U.S. parent in sales growth

Best Buy Express locations launched last year after Best Buy Canada partnered with Bell Canada to take over what had been known as The Source chain of stores.
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Statistics Canada reports retail sales up 1.5 per cent in June at $70.2 billion

Statistics Canada reports retail sales up 1.5 per cent in June at $70.2 billion

OTTAWA — Statistics Canada says retail sales rose 1.5 per cent to $70.2 billion in June, helped by increased spending at food and beverage retailers. However, the agency says its preliminary estimate for July pointed to a 0.
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Fewer firms report U.S. tariff hit as manufacturing sales edge up in June

Fewer firms report U.S. tariff hit as manufacturing sales edge up in June

OTTAWA — Statistics Canada says manufacturing sales edged up June and a smaller share of firms reported an impact from U.S. tariffs. The agency said Friday that manufacturing sales in June rose 0.3 per cent to $68.
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Richmond Coke bottling facility expands can production

Richmond Coke bottling facility expands can production

The company has invested more than $12 million in a new production line.
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B.C. court rules Sobeys' franchise rebrand can't undo union contract

B.C. court rules Sobeys' franchise rebrand can't undo union contract

Sobeys had closed more than a quarter of B.C. Safeway stores, attempting to reopen some under the FreshCo banner with single-store collective agreements
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Why B.C. brewers want government to change how they are taxed

Why B.C. brewers want government to change how they are taxed

Proposed change to government taxes would be revenue-neutral, brewers say
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Hudson's Bay gets permission to sell leases, extend creditor protection

Hudson's Bay gets permission to sell leases, extend creditor protection

TORONTO — Hudson’s Bay is set to shave off a sliver of its debt after getting court approval for two lease deals, but is still gearing up for a fight on a third lease agreement later this month.
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Best Buy Canada’s new president maps growth reboot from Vancouver HQ

Best Buy Canada’s new president maps growth reboot from Vancouver HQ

Mat Povse is company’s latest leader set to put Canadian stamp on operations
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