TORONTO — Increasingly stiff competition is forcing Canadian retailers to take drastic measures, and recent layoffs announced by both Sears and Best Buy are the latest casualties as companies vie to trim costs, including labour and property expenses. Analysts don’t see the trend reversing any time soon, as retailers continue to feel the crunch from both traditional big boxes and online rivals. A downturn in the loonie, they say, is no boon to a retail recovery either, the Canadian Press reports.
Heat is on for Canadian retailers
Most Recent
Most Read
Global DIY Summit tackles creating meaningful customer relationships
Fri, June 13th, 2025
EvoX welcomes new member
Fri, June 13th, 2025
Industry descends on Lisbon for Global DIY Summit
Thu, June 12th, 2025
AD Canada marks successful annual meeting
Thu, June 12th, 2025
CTC headquarters to get upgrade
Thu, June 12th, 2025
Throwback Thursday: 20 years ago, Michael Schurman was inducted into the P.E.I. Business Hall of Fame
Thu, June 12th, 2025
Dollarama reports Q1 growth
Thu, June 12th, 2025
Looking for your next new hire? Hardlines Classifieds can help
Thu, June 12th, 2025
Today the Global DIY Summit in Lisbon, Portugal, kicks off!
Wed, June 11th, 2025
AQMAT president seeks municipal office
Wed, June 11th, 2025