Saks Fifth Avenue Owner Files for Bankruptcy
The parent company of luxury retailer Saks Fifth Avenue has filed for bankruptcy protection. Get the latest details on this major business development and its potential impact.
Category : Search result: retail restructuring
Luxury Retailer Saks Global Files for Bankruptcy
Luxury retail giant Saks Global has filed for bankruptcy protection as it prepares for a significant corporate restructuring. Get the latest details on this major business development.
Saks Global Files for Bankruptcy Protection
Luxury retail giant Saks Global, owner of Saks Fifth Avenue and Neiman Marcus, files for Chapter 11 bankruptcy. The company secures $1.75B in financing to keep stores open while restructuring massive debt.
Suspects Wanted for Brantford Retail Thefts
Brantford Police have released images of two individuals wanted in connection with a series of retail thefts. The public is urged to assist in identifying the suspects.
StatsCan Cuts 850 Jobs, 12% of Executives
Statistics Canada announces a major workforce reduction of 850 positions over two years, including 100 immediate cuts and a 12% reduction of its executive team. Get the full details on the federal agency's restructuring.
Windsor retailers pursue theft charges more often: WPS
Windsor Police report a major increase in retailers pressing charges for shoplifting, signaling a tougher stance on retail crime. Learn about the data and community impact.
Statistics Canada Cutting 850 Jobs Over Next 2 Years
Statistics Canada will eliminate 850 positions in the next two years, with 100 cuts starting this week, according to an internal memo. Get the full details on the federal agency's restructuring.
Abercrombie & Fitch Coming to Winnipeg in 2026
Fashion retailer Abercrombie & Fitch is set to open a new location in Winnipeg, marking a significant addition to the city's retail landscape. Learn the details and expected impact.
Vancouver shop owner demands action after $3K theft
A Yaletown clothing store owner is calling for accountability after a brazen theft saw $3,000 in merchandise stolen. Surveillance footage captured the incident as retail crime concerns grow.
Canadian Downtowns Gutted by Crime, 19% of Businesses at Risk
A wave of street disorder and crime is forcing businesses to close across Canada. New data reveals nearly 20% of retailers say their survival is unsustainable. Read the full analysis.
Colabor Group to seek creditor protection in Quebec
The Colabor Group, a major Quebec-based distributor, is filing for creditor protection with the Quebec Superior Court as of January 8, 2026. Learn the details and implications for the company's future.
Peavey Mart Sets Opening Dates for Saskatchewan Stores
Peavey Mart has confirmed the official opening dates for its new retail locations in Saskatchewan. Get the latest details on the expansion of this popular farm and home store chain.
Why 2026 is Critical for Canadian Retail
Retail analyst Bruce Winder forecasts a pivotal 2026 for Canadian retailers, shaped by a new 'frugal and cautious' consumer, persistent inflation, and the rapid rise of AI. Discover the challenges and opportunities ahead.
Scotiabank laid off 3,000 employees in restructuring
Scotiabank CEO Scott Thomson confirms 3,000 job cuts as part of a significant restructuring effort. The layoffs targeted areas with limited growth potential.
Fabricland Announces Closure of Kitchener, Ontario Store
Fabricland will shutter its Kitchener location, marking the end of a destination for fabric and sewing supplies in the community. Learn about the closure details and local impact.
How Caution and Convenience Will Shape Canadian Retail in 2026
Expert Jessica Ramírez shares her 2026 outlook for Canadian consumer behaviour, highlighting a shift towards value and convenience. Discover the key trends set to define retail.
Saks Skips $100M Bond Payment Amid Creditor Talks
Cash-strapped Saks Global Enterprises misses a major interest payment as it negotiates with creditors, following a sharp decline in its bonds and recent debt restructuring.
Alberta Health System's New Legal Structure Now in Place
Alberta Premier Danielle Smith confirms the new legal framework for the province's health system is operational. The focus now shifts to delivering tangible results for Albertans.
64 arrested, 155 charges in Durham retail theft crackdown
Durham Regional Police announce results of a major retail theft operation, leading to 64 arrests and 155 charges. The crackdown targeted organized theft across the region.
Edmonton Store Thrives Amid Online Shopping Boom
Discover how a local Edmonton retailer is defying the e-commerce trend and thriving with a unique, community-focused strategy. Learn their secrets to success.
Saks Considers Bankruptcy as $100M Payment Looms
Luxury retailer Saks Global Enterprises, burdened by debt from its Neiman Marcus deal, is exploring Chapter 11 bankruptcy ahead of a critical $100+ million payment due December 30. Read the full analysis.
Saskatoon Retail Reinvented for 2025 Holiday Shopping Season
Saskatoon retailers are reinventing the holiday shopping experience by prioritizing personal, face-to-face customer connections. Discover how local businesses are adapting in a post-pandemic world.
Counterfeit bill circulation spikes in Canadian retail
Canadian retailers face a significant rise in fake currency circulation. Learn how to spot counterfeit bills and protect your business from financial loss.
Retail sales fall 0.2% in October ahead of holidays
Canadian retail sales declined to $69.4 billion in October, led by drops in food, beverage, and clothing. Economists see a flat trend signaling consumer caution.
October retail sales down 0.2% to $69.4B
Statistics Canada reports a slight decline in retail sales for October 2025. Get the details on the consumer spending slowdown and what it means for the economy.
21 charged in Hamilton retail theft ring worth over $1M
Hamilton police have laid charges against 21 suspects following a major investigation into organized retail theft. The operation is believed to have caused losses exceeding one million dollars.
Fanshawe College offers voluntary exit to full-time staff
Fanshawe College in London, Ontario, has initiated a voluntary exit program for its full-time employees. Learn about the details and potential impacts on the institution.
Kraft Heinz CEO Replaced Ahead of 2026 Company Split
Kraft Heinz names former Kellanova CEO Steve Cahillane as its new leader, replacing Carlos Abrams-Rivera effective January 1. The move comes as the food giant prepares to split into two separate public companies in late 2026.
Peavey Mart returning to Saskatchewan in 2026
Peavey Mart confirms its return to Saskatchewan with a Regina store set to open in 2026. Get the details on the retailer's comeback to the prairie market.
Economics, Theft Force Rethink of Self-Checkouts in Canada
Canadian retailers are scaling back self-checkouts as theft and user frustration undermine the promised savings. Discover why the automated future is hitting a human-speed bump.
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