"With some of the busiest shopping months upon us retailers are particularly concerned with this issue," said Wasylyshen, pointing to Black Friday, Cyber Monday and the Christmas season. (CBC)
“One of the key lessons from the pandemic has been that our inefficient processes which over-rely on more labour hours to move processes along and to deal with the unplanned swings in volume, really hurt the company.” (Retail Insider)
“This convenience-based shopping model is a major step change in the industry and provides a competitive advantage for both Fire & Flower and Circle K in the transformation of the cannabis consumer shopping experience,” (Edmonton Journal)
Wes Hall joins the podcast to talk about his new book "No Bootstraps When You're Barefoot: My rise from a Jamaican plantation shack to the boardrooms of Bay Street." Wes shares his story and advice for retailers and for anyone who winds up in front of him on CBC's Dragon's Den
The Second Issue of Retail Insider the magazineis live, featuring an article by RCC’s Diane Brisebois on the changing Canadian retail landscape. Read the magazine and for those interested, sponsorship opportunities are available.
"The people have waited for a very long time to have a store to call their own, and they don't have to worry about high prices. We're gonna keep it as low as we can and they will remain that way." (CBC)
“The majority of these retail businesses were built off of a model that wasn't going to be sustainable when we started to see pricing compression in addition to not being able to control the cost of goods,” (BNN Bloomberg)
"In fact, the last thing you want to do is to increase prices because the black market has adjusted very, very aggressively and cannabis on the black market is cheaper," (CTV News)
“Working with Gatik, we’ve demonstrated that autonomous driving technology enables supply chain efficiency, moving more orders more frequently for our customers,” (Canadian Grocer)
Online, customers have access to an incredible amount of information: price, reviews, videos, product information, dimensions, specs, and similar products. In-store, however, you essentially have the price, and that’s about it. (Forbes)
The technology is here for a whole new type of grocery shopping experience, and many of the top names in the games are vying to capitalize on the potential of these tools. (Nasdaq)
“Research validated our belief that Canadians were looking for support in maintaining the intentional spending behaviours that were established over the course of the pandemic,” (Interac)
“efforts to reduce the number of single-use plastic shopping bags leaving our stores has led to 13.8 billion fewer bags potentially going into landfill.” (Toronto Sun)
"This is what we do best. When there's uncertainty, when there's inflation, when customers are on really, really tight budgets. This is when we step up. And Walmart+ membership is that on steroids. What we're seeing is more customers actually seeing the need." (CNBC)
Grocery is such a dynamic business. It is the powerhouse of the economy in some ways because of its frequency in its visits. It is a microcosm of what’s happening. (RETHINK Retail)
"Over the past three to four months we have picked up some volume mostly in the Niagara County stores or stores closer to the border, especially as we saw restrictions loosen." (Buffalo News)
Throughout Small Business Month, RCC is offering a 20% discount to independent retailers who become members. Save on services like shipping, payments, marketing, and more! Learn more.
There’s little doubt among market participants that both the US and Canada are in for a bumpy economic road ahead. Some see an outright recession, others a flat spot that lasts longer. Investors and businesses have decisions to make about where to put their assets, and while realizing that neither country is going to be a standout, they’re wondering which faces the toughest path. Not who’s on first, but who’s on worst. Read more.
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