Retail & Manufacturing

Proposed change to government taxes would be revenue-neutral, brewers say

TORONTO — Hudson’s Bay is set to shave off a sliver of its debt after getting court approval for two lease deals, but is still gearing up for a fight on a third lease agreement later this month.

Mat Povse is company’s latest leader set to put Canadian stamp on operations

TORONTO — New court filings say Hudson's Bay has threatened to end a lease deal it has with a B.C. billionaire who wrote directly to a judge twice — against the retailer’s advice — to try to persuade him to view her favourably.

TORONTO — Hudson's Bay has reached deals to sell the leases of six store locations as legal wrangling continues on work to close a deal to sell up to 25 leases to B.C. billionaire Ruby Liu. Legal filings show clothing retailer YM Inc.

Vancouver saw a nine per cent jump in retail sales in May, compared with May 2024, by far bettering other large Canadian metro areas.

Statistics Canada says retail sales decreased 1.1 per cent to $69.2 billion in May, driven by sales declines at motor vehicle and parts dealers. However, the agency said its preliminary figures for June point to an increase of 1.

Richmond’s Bravo Rewards gives customers dining deals, and gains valuable data

TORONTO — B.C. billionaire Ruby Liu and her bid to buy up to 25 Hudson’s Bay leases was due to come under further scrutiny in court Tuesday — but the battle was waylaid when she showed up with no lawyer or materials to aid in making her case.

OTTAWA — Statistics Canada says fewer manufacturers report being affected by tariffs in May than in April. The agency says total manufacturing sales were down 0.9 per cent to $68.7 billion in May, marking the lowest level since January 2022.