Canada’s annual inflation rate cooled to 2.8 per cent in February, helped by slower growth in the cost of cellular services, groceries and internet access services, Statistics Canada said Tuesday. Economists had largely expected the rate to rise to 3.1 per cent and undo some of the year’s early progress. Rent and mortgage interest costs continued to be primary … Read more
Amid a broad trend to make stores smaller and more localized, Dick’s Sporting Goods is seeing results with the opposite strategy. The sporting goods chain on Thursday said it would open 16 new next-generation “50,000” Dick’s stores in 2024 after opening 11 of these large-format locations in 2023. These stores, which build on the chain’s … Read more
New York-based designer Frederick Anderson is opening the doors to his first boutique in New York City. Located at 110 East 31st Street, between Park Avenue and Lexington Avenue, the namesake label’s storefront is currently open for previews with friends and family, with plans to open to the public mid-April. Prior to launching his own … Read more
It looks like Ashley Stewart Inc. is getting a new owner. Ram Ajjarapu’s company Kinbow signed a letter of intent to purchase a majority stake in the business from ASI Holdco. The deal is expected to close later this month, although it remains subject to the negotiation of a definitive agreement. Kimbow plans to continue to … Read more
PARIS — Italian brand Pomandère chose Paris to open its first stand-alone store and unveiled it Thursday, timed to the city’s fashion week. Carlo Zanuso, who launched the label in 2008, zeroed in on a space in 26 Rue Saint-Sulpice, in the Saint-Germain district on the Left Bank, and worked with architect Andrea Tognon on the … Read more
The Canadian economy continues to beat recession fears, posting modest growth in the fourth quarter even as high interest rates weighed on consumers and businesses. Statistics Canada reported Thursday that real gross domestic product increased by an annualized rate of one per cent, beating economists’ expectations and the Bank of Canada’s forecast for the final … Read more
Luxury luggage maker Rimowa is unpacking the new look of its Rodeo Drive outpost in Beverly Hills with a grand opening Wednesday. The 1,400-square-foot space at 201A North Rodeo Drive began as a pop-up store in 2017 for the German luxury luggage maker. It became a full-blown store a year later to showcase the brand’s … Read more
The NBA tunnel has become famous as a fashion runway and now Brooks Brothers can be part of the mix. The venerable retailer has signed New York Knicks point guard Jalen Brunson as an ambassador and he will don the company’s tailored clothing to select games and other events. Most recently, he wore a Brooks … Read more
It’s a store you know by scent. For decades, the sometimes-overwhelming aroma of The Body Shop’s satsuma soaps and coconut body butters have wafted through mall concourses, as much a staple to the culture as the food court. The U.K.-based beauty and cosmetics shop has more than 3,000 retail locations in 70 countries, including 110 standalone … Read more
Business The Competition Bureau says it’s investigating the use of property clauses, which limit how real estate can be used by competitors, in the Canadian grocery sector. Watchdog says clauses make it harder for new supermarkets to open The Canadian Press · Posted: Feb 08, 2024 3:09 PM EST | Last Updated: 9 hours ago … Read more
