US retail giant Walmart is teaming up with Chinese on-demand delivery giant Meituan, promising speedy door-to-door service on the mainland, four months after it sold its stake JD.com, winding down the long-time partnership. Walmart’s China unit said on its official WeChat account that all of its stores across the country are now listed on Meituan’s … Read more
Walmart has revamped its assortment of products, including clothing and electronics. Walmart’s US sales at stores open for at least a year jumped 5.3% year-over-year in Q3 to $114.9 billion as its operating income surged by 8.2% during the quarter to beat Wall Street expectations. The retail giant attributed 75% of its quarterly gains to … Read more
Quebec’s Alimentation Couche-Tard started with one store in 1980. Now, the retailer stands a serious chance of taking over the largest operator of convenience stores in the world: 7-Eleven. Currently, 7-Eleven’s more than 84,000 locations across the globe are owned by Japanese retailer giant, Seven & i Holdings, which rejected an offer worth $38.5 billion … Read more
Would you buy a plane ticket for a loonie? Flair Airlines hopes so. The ultra low-cost carrier says it has launched a $1 base airfare deal for passengers flying back to Canada from sun destinations — but some experts are skeptical of whether the airline can sustain the promo. Flair says the $1 airfares, currently reserved for … Read more
Loblaw is piloting a new ultra-discount grocery store in Ontario that promises to deliver even lower prices by stripping away even more frills. The first three No Name stores will open in September in Windsor, St. Catharines and Brockville, capitalizing on Loblaw’s existing discount brand known for its simplified, bright-yellow packaging and marketing. “The No Name … Read more
While Canada’s total domestic passenger numbers now hover at around pre-COVID levels, air travel to smaller communities and even medium-sized cities has withered. (Gander International Airport Authority) From his office overlooking the runway at Gander International Airport, Reg Wright can see all flights in and out of his corner of Newfoundland. But in recent years, … Read more
Cost of Living9:09Is it time to retire the seniors’ discount? Whether she’s attending a chamber performance or playing in one, cellist and teacher Laura Backstrom says one thing is pretty consistent — the audience “looks like a sea of white hair,” she says. In contemplating why that is, Backstrom, 60, said she initially thought it was because seniors … Read more
Loblaw Cos. Ltd. and its parent company George Weston Ltd. say they have agreed to pay $500 million to settle a class-action lawsuit regarding their involvement in a bread price-fixing scheme. The class-action case was brought against a group of companies that includes Loblaw and the Weston companies, Metro, Walmart Canada, Giant Tiger, and Sobeys and … Read more
Canadian retailer Loblaw Cos. Ltd.’s net income fell 10 per cent in the second quarter from the same time last year, a decrease that the company attributed primarily to charges related to the settlement of class action lawsuits. Income in the second quarter fell to $457 million, or $1.48 per share, from $508 million, or $1.58 per … Read more
As grocery bills soar, people are scrambling for strategies to stretch their food budget. To conquer both time constraints and high grocery prices, a woman revealed her unconventional strategy for weekday meals: skipping the grocery store altogether and purchasing kids’ meals in restaurants instead! Her approach might raise eyebrows, but it saves her time and … Read more
