Canada’s oldest department store, the iconic Hudson’s Bay, is the latest shopping mall anchor to fall to a shifting market dynamic fueled by e-commerce. At the time of writing, the company was...
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Forever 21 files for bankruptcy in the U.S., again
For the second time in six years, clothing retailer Forever 21 has filed for bankruptcy in the United States and while it will likely liquidate stores there, its stores in Canada and elsewhere will...
RBC makes staff cut as part of ‘growth strategy’
Canada’s largest bank has laid off an undisclosed number of employees as part of the company’s greater “growth strategy,” cuts that are meant to “better position RBC to take advantage of our global...
Pepsi to buy Poppi prebiotic soda
In a move to broaden its portfolio, Pepsi will purchase Poppi, a prebiotic soda brand that has gained in popularity over the last several years, for nearly $2 billion, which further drove its shares...
Fed cuts U.S. growth forecast
The Federal Reserve has released its projections for the world’s largest economy which shows a reduction in the country’s growth forecast and a warning that the tariffs were driving up prices. The...
Small business confidence reaches record low in Canada
According to a survey by the Canadian Federation of Independent Business (CFIB), small business confidence is at a record low in Canada, even lower than it was during the global financial crisis and...