Hudson's Bay sells brand assets to Canadian Tire amid restructuring
Canadian retailer The Hudson's Bay Company has finalised an agreement to transfer its intellectual property rights to Canadian Tire for C$30m ($21m).
The transaction is a strategic move within a broader restructuring strategy under the Companies' Creditors Arrangement Act (CCAA).
The assets involved in this transaction encompass HBC Stripes and additional brand properties. The company's collection of art and artifacts, set for a separate process approved by the court, are excluded.
Completion is contingent upon judicial endorsement and other standard conditions, and is expected in the summer of 2025.
The company's ongoing processes for soliciting sales and investments and monetising leases will continue, with updates to be provided when relevant.
Hudson's Bay president and CEO Liz Rodbell stated: 'We are grateful that the HBC brand has found a home with another heritage retailer that encapsulates the uniquely authentic Canadian experience. I have no doubt they will be strong stewards of the more than 350-year HBC legacy as they move our iconic brands forward.'
This development follows a court-sanctioned sale and investment solicitation process initiated by the Ontario Superior Court of Justice.
The company invited proposals from potential bidders interested in its properties and business operations.
After reviewing final bids, the company's board of directors, with Reflect Advisors as financial advisor, key senior lenders and the court-appointed monitor, concluded that this transaction would serve the best interests of Hudson's Bay and its stakeholders.
Hudson's Bay Company had The company initiated the CCAA procedure in March 2025 due to the ongoing trade disputes with the US, economic turbulence and changes in consumer behaviour post-pandemic, announcing that it would begin liquidation sales at its remaining six Hudson's Bay stores and one Saks Fifth Avenue outlet from 25 April.
"Hudson's Bay sells brand assets to Canadian Tire amid restructuring" was originally created and published by Retail Insight Network, a GlobalData owned brand.
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With over 80+ KPIs at the country level, this report provides a comprehensive understanding of prepaid card and digital wallet market dynamics, market size and forecast, and market share of Prepaid Cards and Digital Wallet MarketThis report offers a comprehensive analysis of the prepaid payment instruments landscape, encompassing digital wallets and virtual prepaid cards. It delves into market opportunities by evaluating key performance indicators (KPIs) such as transaction value, transaction volume, and average transaction Card Market Analysis Metrics Assessed: The study examines the prepaid card market through various lenses, including transaction value, transaction volume, average transaction value, load value, and the total number of cards in circulation. Card Types: A distinction is made between open-loop and closed-loop prepaid cards, providing insights into their respective market shares and growth trajectories. Usage Categories: The report segments the prepaid card market into various categories such as general-purpose cards, business and administrative expense cards, travel forex cards, and meal cards. Business Segmentation: Further segmentation is provided based on business size and type, including small-scale businesses, mid-tier businesses, enterprise-level businesses, government entities, and retail consumers. Sector-Specific Applications: The analysis extends to specific sectors utilizing prepaid cards, including transit and toll payments, healthcare and wellness services, social security and other government benefit programs, fuel purchases, utilities, and more. Digital Wallet Market Insights Key Segments: The digital wallet market is dissected across five primary spending categories: retail shopping, travel, entertainment and gaming, dining establishments, and recharge and bill payments. 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Virtual Prepaid Card Market Segmentation Categories Analyzed: The virtual prepaid card market is segmented into key categories, including general-purpose cards, gift cards, entertainment and gaming cards, teen and campus cards, business and administrative expense cards, payroll cards, meal cards, travel forex cards, transit and toll cards, social security and other government benefit program cards, fuel cards, utilities, and other miscellaneous categories. Performance Evaluation: For each category, the report assesses transaction value, providing insights into the adoption and usage patterns of virtual prepaid cards across different consumer segments. Consumer Usage TrendsThe report delves into consumer behavior concerning prepaid cards, segmented by: Age Groups: Identifying usage patterns across different age demographics. Income Levels: Analyzing how income brackets influence prepaid card adoption and usage. Gender: Examining differences in usage trends between genders. 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With over 80+ country-level key performance indicators (KPIs), the report provides a thorough understanding of market dynamics in the prepaid card and digital wallet Prepaid Payment Instrument Market Size and Forecast Transaction Value Trend Analysis Transaction Volume Trend Analysis Average Value per Transaction Market Share Analysis by Prepaid Card vs. Digital Wallet Canada Digital Wallet Market Size and Forecast Transaction Value Trend Analysis Transaction Volume Trend Analysis Average Value per Transaction Market Share Analysis by Key Segments Canada Digital Wallet Market Size and Forecast by Key Segments Retail Shopping (Value, Volume, Avg. Value) Travel (Value, Volume, Avg. Value) Restaurant (Value, Volume, Avg. Value) Entertainment and Gaming (Value, Volume, Avg. Value) Recharge and Bill Payment (Value, Volume, Avg. 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Understand Canada's market opportunities and key trends along with forecast (2020-2029). Understand market dynamics through essential KPIs such as transaction value, transaction volume, and average value per transaction. Develop Canada's market specific strategies: Identify growth segments and target specific opportunities to formulate your prepaid card and digital wallet strategy; assess market specific key trends, drivers and risks in the industry. Detailed analysis of Canada's market share by key players across key prepaid card categories. Get insights into Canada's consumer attitude and behaviour: Understand changing consumer attitude and behaviour and boost ROI. Get detailed insights into retail spend through prepaid cards, virtual prepaid cards and digital wallets. 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202915 Canada Teen and Campus Prepaid Card Market Size and Forecast, 2020 - 202915.1 Canada Teen and Campus Prepaid Card - Transaction Value Trend Analysis, 2020 - 202915.2 Teen and Campus Prepaid Card Market Size and Forecast by Functional Attribute15.2.1 Open Loop Teen and Campus Prepaid Card - Transaction Value Trend Analysis15.2.2 Closed Loop Teen and Campus Prepaid Card - Transaction Value Trend Analysis, 2020 - 202916 Canada Business and Administrative Expense Prepaid Card Market Size and Forecast, 2020 - 202916.1 Canada Business and Administrative Expense Prepaid Card - Transaction Value Trend Analysis, 2020 - 202916.2 Business and Administrative Expense Prepaid Card Market Share by Consumer Segments, 202416.2.1 Business and Administrative Expense Prepaid Card Market Size and Forecast - Small Scale Business Segment, 2020-202916.2.2 Business and Administrative Expense Prepaid Card Market Size and Forecast - Mid-Tier Business Segment, 2020-202916.2.3 Business and Administrative Expense Prepaid Card Market Size and Forecast - Enterprise Business Segment, 2020-202916.2.4 Business and Administrative Expense Prepaid Card Market Size and Forecast - Government Segment, 2020-202917 Canada Payroll Prepaid Card Market Size and Forecast, 2020-202917.1 Payroll Prepaid Card - Transaction Value Trend Analysis, 2020-202917.2 Payroll Prepaid Card Market Share by Consumer Segments, 202417.2.1 Payroll Prepaid Card Market Size and Forecast - Small Scale Business Segment, 2020-202917.2.2 Payroll Prepaid Card Market Size and Forecast - Mid-Tier Business Segment, 2020-202917.2.3 Payroll Prepaid Card Market Size and Forecast - Enterprise Business Segment, 2020-202917.2.4 Payroll Prepaid Card Market Size and Forecast - Government Segment, 2020-202918 Canada Meal Prepaid Card Market Size and Forecast, 2020-202918.1 Meal Prepaid Card - Transaction Value Trend Analysis, 2020-202918.2 Meal Prepaid Card Market Share by Consumer Segments, 202418.2.1 Meal Prepaid Card Market Size and Forecast - Small Scale Business Segment, 2020-202918.2.2 Meal Prepaid Card Market Size and Forecast - Mid-Tier Business Segment, 2020-202918.2.3 Meal Prepaid Card Market Size and Forecast - Enterprise Business Segment, 2020-202918.2.4 Meal Prepaid Card Market Size and Forecast - Government Segment, 2020-202919 Canada Travel Forex Prepaid Card Market Size and Forecast, 2020-202919.1 Travel Forex Prepaid Card - Transaction Value Trend Analysis, 2020-202919.2 Travel Forex Prepaid Card Market Share by Consumer Segments, 202419.2.1 Travel Forex Prepaid Card Market Size and Forecast - Retail, 2020-202919.2.2 Travel Forex Prepaid Card Market Size and Forecast - Small Scale Business Segment, 2020-202919.2.3 Travel Forex Prepaid Card Market Size and Forecast - Mid-Tier Business Segment, 2020-202919.2.4 Travel Forex Prepaid Card Market Size and Forecast - Enterprise Business Segment, 2020-202919.2.5 Travel Forex Prepaid Card Market Size and Forecast - Government Segment, 2020-202920 Canada Transit and Tolls Prepaid Card Market Size and Forecast, 2020-202921 Canada Social Security and Other Government Benefit Programs Prepaid Card Market Size and Forecast, 2020-202922 Canada Fuel Prepaid Cards Market Size and Forecast, 2020-202923 Canada Utilities, and Other Prepaid Cards Market Size and Forecast, 2020-202924 Canada Virtual Prepaid Card Industry Market Attractiveness, 2020-202924.1 Virtual Prepaid Card Market Size and Future Growth Dynamics by Key Performance Indicators24.1.1 Virtual Prepaid Card - Transaction Value Trend Analysis, 2020-202924.1.2 Virtual Prepaid Card - Transaction Volume Trend Analysis, 2020-202924.1.3 Virtual Prepaid Card - Average Value per Transaction, 2020-202924.1.4 Virtual Prepaid Card - Market Share Analysis by Key Virtual Prepaid Card Categories, 202425 Canada Virtual Prepaid Card Market Size and Future Growth Dynamics by Key Categories, 2020-202925.1 Canada Virtual Prepaid Card Market Share Analysis by Key Virtual Prepaid Card Categories, 202425.2 Virtual General Purpose Prepaid Card - Transaction Value Trend Analysis, 2020-202925.3 Virtual Gift Card - Transaction Value Trend Analysis, 2020-202925.4 Virtual Entertainment and Gaming Prepaid Card Market Size and Forecast, 2020-202925.5 Virtual Teen and Campus Prepaid Card - Transaction Value Trend Analysis, 2020-202925.6 Virtual Business and Administrative Expense Prepaid Card - Transaction Value Trend Analysis, 2020-202925.7 Virtual Payroll Prepaid Card - Transaction Value Trend Analysis, 2020-202925.8 Virtual Meal Prepaid Card - Transaction Value Trend Analysis, 2020-202925.9 Virtual Travel Forex Prepaid Card - Transaction Value Trend Analysis, 2020-202925.10 Virtual Transit and Tolls Prepaid Card Market Size and Forecast, 2020-202925.11 Virtual Social Security and Other Government Benefit Programs Prepaid Card Market Size and Forecast, 2020-202925.12 Virtual Fuel Prepaid Cards Market Size and Forecast, 2020-202925.13 Virtual Utilities, and Other Prepaid Cards Market Size and Forecast, 2020-202926 Further Reading26.1 About the Publisher26.2 Related ResearchList of TablesTable 1: Canada Prepaid Payment Instrument - Transaction Value Trend Analysis (US$ Million), 2020 - 2029Table 2: Canada Prepaid Payment Instrument - Transaction Volume Trend Analysis (Million), 2020 - 2029Table 3: Canada Prepaid Payment Instrument - Average Value per Transaction (US$), 2020-2029Table 4: Canada Digital Wallet - Transaction Value Trend Analysis (US$ Million), 2020 - 2029Table 5: Canada Digital Wallet - Average Value per Transaction (US$), 2020 - 2029Table 6: Canada Digital Wallet - Transaction Volume Trend Analysis (Million), 2020 - 2029Table 7: Retail Payments - Transaction Value Trend Analysis (US$ Million), 2020 - 2029Table 8: Retail Payments - Transaction Volume Trend Analysis (Million), 2020 - 2029Table 9: Retail Payments - Average Value per Transaction (US$),, 2020 - 2029Table 10: Travel Payments - Transaction Value Trend Analysis (US$ Million), 2020 - 2029Table 11: Travel Payments - Transaction Volume Trend Analysis (Million), 2020 - 2029Table 12: Travel Payments - Average Value per Transaction (US$), 2020 - 2029Table 13: Restaurants & Bars payments - Transaction Value Trend Analysis (US$ Million), 2020-2029Table 14: Restaurants & Bars payments - Transaction Volume Trend Analysis (Million), 2020-2029Table 15: Restaurants & Bars payments - Average Value per Transaction (US$), 2020 - 2029Table 16: Entertainment, Gaming, & Event Payments - Transaction Value Trend Analysis (US$ Million), 2020 - 2029Table 17: Entertainment, Gaming, & Event Payments - Transaction Volume Trend Analysis (Million), 2020 - 2029Table 18: Entertainment, Gaming, & Event Payments - Average Value per Transaction (US$), 2020 - 2029Table 19: Recharge and Bill Payments - Transaction Value Trend Analysis (US$ Million), 2020 - 2029Table 20: Recharge and Bill Payments - Transaction Volume Trend Analysis (Million), 2020 - 2029Table 21: Recharge and Bill Payments - Average Value per Transaction (US$), 2020 - 2029Table 22: Canada Digital Wallet - Food and Grocery - Transaction Value Trend Analysis (US$ Million), 2020-2029Table 23: Canada Digital Wallet - Health and Beauty Products - Transaction Value Trend Analysis (US$ Million), 2020 - 2029Table 24: Canada Digital Wallet - Apparel and Foot Wear - Transaction Value Trend Analysis (US$ Million), 2020 - 2029Table 25: Canada Digital Wallet - Books, Music and Video - Transaction Value Trend Analysis (US$ Million), 2020 - 2029Table 26: Canada Digital Wallet - Consumer Electronics - Transaction Value Trend Analysis (US$ Million), 2020 - 2029Table 27: Canada Digital Wallet - Pharmacy and Wellness - Transaction Value Trend Analysis (US$ Million), 2020-2029Table 28: Canada Digital Wallet - Gas Stations - Transaction Value Trend Analysis (US$ Million), 2020 - 2029Table 29: Canada Digital Wallet - Restaurants & Bars - Transaction Value Trend Analysis (US$ Million), 2020 - 2029Table 30: Canada Digital Wallet - Toys, Kids, and Baby Products - Transaction Value Trend Analysis (US$ Million), 2020 - 2029Table 31: Canada Digital Wallet - Services - Transaction Value Trend Analysis (US$ Million), 2020 - 2029Table 32: Canada Digital Wallet - Others - Transaction Value Trend Analysis (US$ Million), 2020 - 2029Table 33: Canada Prepaid Card - Load Value Trend Analysis (US$ Million), 2020 - 2029Table 34: Canada Prepaid Card - Transaction Value Trend Analysis (US$ Million), 2020-2029Table 35: Canada Prepaid Card - Transaction Volume Trend Analysis (Million), 2020 - 2029Table 36: Canada Prepaid Card - Average Value per Transaction (US$), 2020 - 2029Table 37: Canada Prepaid Card - Number of Cards (Thousands), 2020 - 2029Table 39: Open Loop Prepaid Card - Transaction Value Trend Analysis (US$ Million), 2020 - 2029Table 40: Canada Open Loop Prepaid Card - Transaction Volume Trend Analysis (Million), 2020 - 2029Table 41: Canada Open Loop Prepaid Card - Average Value per Transaction (US$), 2020 - 2029Table 42: Canada Open Loop Prepaid Card - Number of Cards (Thousands), 2020 - 2029Table 43: Canada Closed Loop Prepaid Card - Transaction Value Trend Analysis (US$ Million), 2020-2029Table 44: Canada Closed Loop Prepaid Card - Transaction Volume Trend Analysis (Million), 2020 - 2029Table 45: Canada Closed Loop Prepaid Card - Average Value per Transaction (US$), 2020 - 2029Table 46: Canada Closed Loop Prepaid Card - Number of Cards (Thousands), 2020 - 2029Table 47: Canada Prepaid Card - Food and Grocery - Transaction Value Trend Analysis (US$ Million), 2020 - 2029Table 48: Canada Prepaid Card - Health and Beauty Products - Transaction Value Trend Analysis (US$ Million), 2020 - 2029Table 49: Canada Prepaid Card - Apparel and Foot Wear - Transaction Value Trend Analysis (US$ Million), 2020 - 2029Table 50: Canada Prepaid Card - Books, Music and Video - Transaction Value Trend Analysis (US$ Million), 2020 - 2029Table 51: Canada Prepaid Card - Consumer Electronics - Transaction Value Trend Analysis (US$ Million), 2020 - 2029Table 52: Canada Prepaid Card - Pharmacy and Wellness - Transaction Value Trend Analysis (US$ Million), 2020 - 2029Table 53: Canada Prepaid Card - Gas Stations - Transaction Value Trend Analysis (US$ Million), 2020 - 2029Table 54: Canada Prepaid Card - Restaurants & Bars - Transaction Value Trend Analysis (US$ Million), 2020 - 2029Table 55: Canada Prepaid Card - Toys, Kids, and Baby Products - Transaction Value Trend Analysis (US$ Million), 2020 - 2029Table 56: Canada Prepaid Card - Services - Transaction Value Trend Analysis (US$ Million), 2020 - 2029Table 57: Canada Prepaid Card - Others - Transaction Value Trend Analysis (US$ Million), 2020 - 2029Table 58: Canada General Purpose Prepaid Card - Transaction Value Trend Analysis (US$ Million), 2020 - 2029Table 60: Canada General Purpose Prepaid Card - Market Size and Forecast by Unbanked / Underbanked Consumer Segment (US$ Million), 2020 - 2029Table 61: Canada General Purpose Prepaid Card - Market Size and Forecast by Banked Consumer Segment (US$ Million), 2020 - 2029Table 62: Canada Gift Card - Transaction Value Trend Analysis (US$ Million), 2020 - 2029Table 63: Canada Open Loop Gift Card - Transaction Value Trend Analysis (US$ Million), 2020 - 2029Table 64: Canada Closed Loop Gift Card - Transaction Value Trend Analysis (US$ Million), 2020 - 2029Table 66: Canada Prepaid Gift Card - Market Size and Forecast by Retail Consumer Segment (US$ Million), 2020 - 2029Table 67: Canada Gift Card - Market Size and Forecast by Corporate Consumer Segment (US$ Million), 2020 - 2029Table 68: Canada Entertainment and Gaming Prepaid Card - Transaction Value Trend Analysis (US$ Million), 2020 - 2029Table 69: Canada Teen and Campus Prepaid Card - Transaction Value Trend Analysis (US$ Million), 2020 - 2029Table 70: Canada Open Loop Teen and Campus Prepaid Card - Transaction Value Trend Analysis (US$ Million), 2020 - 2029Table 71: Canada Closed Loop Teen and Campus Prepaid Card - Transaction Value Trend Analysis (US$ Million), 2020 - 2029Table 72: Canada Business and Administrative Expense Prepaid Card - Transaction Value Trend Analysis (US$ Million), 2020 - 2029Table 73: Canada Business and Administrative Expense Prepaid Card - Market Size and Forecast by Small Scale Business Consumer Segment (US$ Million), 2020-2029Table 74: Canada Business and Administrative Expense Prepaid Card - Market Size and Forecast by Mid-Tier Business Consumer Segment (US$ Million), 2020-2029Table 75: Canada Business and Administrative Expense Prepaid Card - Market Size and Forecast by Enterprise Business Consumer Segment (US$ Million), 2020-2029Table 76: Canada Business and Administrative Expense Prepaid Card - Market Size and Forecast by Government Segment (US$ Million), 2020-2029Table 77: Canada Payroll Prepaid Card - Transaction Value Trend Analysis (US$ Million), 2020-2029Table 78: Canada Payroll Prepaid Card - Market Size and Forecast by Small Scale Business Consumer Segment (US$ Million), 2020-2029Table 79: Canada Payroll Prepaid Card - Market Size and Forecast by Mid-Tier Business Consumer Segment (US$ Million), 2020-2029Table 80: Canada Payroll Prepaid Card - Market Size and Forecast by Enterprise Business Consumer Segment (US$ Million), 2020-2029Table 81: Canada Payroll Prepaid Card - Market Size and Forecast by Government Segment (US$ Million), 2020-2029Table 82: Canada Meal Prepaid Card - Transaction Value Trend Analysis (US$ Million), 2020-2029Table 83: Canada Meal Prepaid Card - Market Size and Forecast by Small Scale Business Consumer Segment (US$ Million), 2020-2029Table 84: Canada Meal Prepaid Card - Market Size and Forecast by Mid-Tier Business Consumer Segment (US$ Million), 2020-2029Table 85: Canada Meal Prepaid Card - Market Size and Forecast by Enterprise Business Consumer Segment (US$ Million), 2020-2029Table 86: Canada Meal Prepaid Card - Market Size and Forecast by Government Segment (US$ Million), 2020-2029Table 87: Canada Travel Forex Prepaid Card - Transaction Value Trend Analysis (US$ Million), 2020-2029Table 88: Canada Travel Forex Prepaid Card - Market Size and Forecast by Retail Consumer Segment (US$ Million), 2020-2029Table 89: Canada Travel Forex Prepaid Card - Market Size and Forecast by Small Scale Business Consumer Segment (US$ Million), 2020-2029Table 90: Canada Travel Forex Prepaid Card - Market Size and Forecast by Mid-Tier Business Consumer Segment (US$ Million), 2020-2029Table 91: Canada Travel Forex Prepaid Card - Market Size and Forecast by Enterprise Business Consumer Segment (US$ Million), 2020-2029Table 92: Canada Travel Forex Prepaid Card - Market Size and Forecast by Government Segment (US$ Million), 2020-2029Table 93: Canada Transit and Tolls Prepaid Card - Transaction Value Trend Analysis (US$ Million), 2020-2029Table 94: Canada Social Security and Other Government Benefit Programs Prepaid Card - Transaction Value Trend Analysis (US$ Million), 2020-2029Table 95: Canada Fuel Prepaid Cards - Transaction Value Trend Analysis (US$ Million), 2020-2029Table 96: Canada Utilities, and Other Prepaid Cards - Transaction Value Trend Analysis (US$ Million), 2020-2029Table 97: Canada Virtual Prepaid Card - Transaction Value Trend Analysis (US$ Million), 2020-2029Table 98: Canada Virtual Prepaid Card - Transaction Volume Trend Analysis (US$ Million), 2020-2029Table 99: Canada Virtual Prepaid Card - Average Value per Transaction, 2020-2029Table 100: Canada Virtual General Purpose Prepaid Card - Transaction Value Trend Analysis (US$ Million), 2020-2029Table 101: Canada Virtual Gift Card - Transaction Value Trend Analysis (US$ Million), 2020-2029Table 102: Canada Virtual Entertainment and Gaming Prepaid Card - Transaction Value Trend Analysis (US$ Million), 2020-2029Table 103: Canada Virtual Teen and Campus Prepaid Card - Transaction Value Trend Analysis (US$ Million), 2020-2029Table 104: Canada Virtual Business and Administrative Expense Prepaid Card - Transaction Value Trend Analysis (US$ Million), 2020-2029Table 105: Canada Virtual Payroll Prepaid Card - Transaction Value Trend Analysis (US$ Million), 2020-2029Table 106: Canada Virtual Meal Prepaid Card - Transaction Value Trend Analysis (US$ Million), 2020-2029Table 107: Canada Virtual Travel Forex Prepaid Card - Transaction Value Trend Analysis (US$ Million), 2020-2029Table 108: Canada Virtual Transit and Tolls Prepaid Card - Transaction Value Trend Analysis (US$ Million), 2020-2029Table 109: Canada Virtual Social Security and Other Government Benefit Programs Prepaid Card - Transaction Value Trend Analysis (US$ Million), 2020-2029Table 110: Canada Virtual Fuel Prepaid Cards - Transaction Value Trend Analysis (US$ Million), 2020-2029Table 111: Canada Virtual Utilities, and Other Prepaid Cards - Transaction Value Trend Analysis (US$ Million), 2020-2029List of FiguresFigure 1: Methodology FrameworkFigure 2: Canada Prepaid Payment Instrument - Transaction Value Trend Analysis (US$ Million), 2020 - 2029Figure 3: Canada Prepaid Payment Instrument - Transaction Volume Trend Analysis (Million), 2020 - 2029Figure 4: Canada Prepaid Payment Instrument - Average Value per Transaction (US$), 2020 - 2029Figure 5: Canada Prepaid Card - Market Share Analysis by Prepaid Card vs. Digital Wallet, 2020 - 2029Figure 6: Canada Digital Wallet - Transaction Value Trend Analysis (US$ Million), 2020 - 2029Figure 7: Canada Digital Wallet - Average Value per Transaction (US$), 2020 - 2029Figure 8: Canada Digital Wallet - Transaction Volume Trend Analysis (Million), 2020 - 2029Figure 9: Canada Digital Wallet Market Share Analysis by Key Segments (%), 2024Figure 10: Retail Payments - Transaction Value Trend Analysis (US$ Million), 2020 - 2029Figure 11: Retail Payments - Transaction Volume Trend Analysis (Million), 2020 - 2029Figure 12: Retail Payments - Average Value per Transaction (US$), 2020 - 2029Figure 13: Travel Payments - Transaction Value Trend Analysis (US$ Million), 2020 - 2029Figure 14: Travel Payments - Transaction Volume Trend Analysis (Million), 2020 - 2029Figure 15: Travel Payments - Average Value per Transaction (US$), 2020 - 2029Figure 16: Restaurants & Bars payments - Transaction Value Trend Analysis (US$ Million), 2020-2029Figure 17: Restaurants & Bars payments - Transaction Volume Trend Analysis (Million), 2020-2029Figure 18: Restaurants & Bars payments - Average Value per Transaction (US$), 2020 - 2029Figure 19: Entertainment, Gaming, & Event Payments - Transaction Value Trend Analysis (US$ Million), 2020 - 2029Figure 20: Entertainment, Gaming, & Event Payments - Transaction Volume Trend Analysis (Million), 2020 - 2029Figure 21: Entertainment, Gaming, & Event Payments - Average Value per Transaction (US$), 2020 - 2029Figure 22: Recharge and Bill Payments - Transaction Value Trend Analysis (US$ Million), 2020 - 2029Figure 23: Recharge and Bill Payments - Transaction Volume Trend Analysis (Million), 2020 - 2029Figure 24: Recharge and Bill Payments - Average Value per Transaction (US$), 2020 - 2029Figure 25: Canada Digital Wallet - Market Share by Key Retail Categories (%), 2024Figure 26: Canada Digital Wallet - Food and Grocery - Transaction Value Trend Analysis (US$ Million), 2020-2029Figure 27: Canada Digital Wallet - Health and Beauty Products - Transaction Value Trend Analysis (US$ Million), 2020 - 2029Figure 28: Canada Digital Wallet - Apparel and Foot Wear - Transaction Value Trend Analysis (US$ Million), 2020 - 2029Figure 29: Canada Digital Wallet - Books, Music and Video - Transaction Value Trend Analysis (US$ Million), 2020 - 2029Figure 30: Canada Digital Wallet - Consumer Electronics - Transaction Value Trend Analysis (US$ Million), 2020 - 2029Figure 31: Canada Digital Wallet - Pharmacy and Wellness - Transaction Value Trend Analysis (US$ Million), 2020-2029Figure 32: Canada Digital Wallet - Gas Stations - Transaction Value Trend Analysis (US$ Million), 2020 - 2029Figure 33: Canada Digital Wallet - Restaurants & Bars - Transaction Value Trend Analysis (US$ Million), 2020 - 2029Figure 34: Canada Digital Wallet - Toys, Kids, and Baby Products - Transaction Value Trend Analysis (US$ Million), 2020-2029Figure 35: Canada Digital Wallet - Services - Transaction Value Trend Analysis (US$ Million), 2020 - 2029Figure 36: Canada Digital Wallet - Others - Transaction Value Trend Analysis (US$ Million), 2020 - 2029Figure 37: Canada Prepaid Card - Load Value Trend Analysis (US$ Million), 2020 - 2029Figure 38: Canada Prepaid Card - Transaction Value Trend Analysis (US$ Million), 2020-2029Figure 39: Canada Prepaid Card - Transaction Volume Trend Analysis (Million), 2020 - 2029Figure 40: Canada Prepaid Card - Average Value per Transaction (US$), 2020 - 2029Figure 41: Canada Prepaid Card - Number of Cards (Thousands), 2020 - 2029Figure 42: Canada Prepaid Card - Market Share Analysis (Value) by Open Loop vs. Closed Loop, 2020 - 2029Figure 43: Canada Prepaid Card - Market Share Analysis by Prepaid Card CategoriesFigure 44: Canada Open Loop Prepaid Card - Transaction Value Trend Analysis (US$ Million), 2020 - 2029Figure 45: Canada Open Loop Prepaid Card - Transaction Volume Trend Analysis (Million), 2020 - 2029Figure 46: Canada Open Loop Prepaid Card - Average Value per Transaction (US$), 2020 - 2029Figure 47: Canada Open Loop Prepaid Card - Number of Cards (Thousands), 2020 - 2029Figure 48: Canada Closed Loop Prepaid Card - Transaction Value Trend Analysis (US$ Million), 2020-2029Figure 49: Canada Closed Loop Prepaid Card - Transaction Volume Trend Analysis (Million), 2020 - 2029Figure 50: Canada Closed Loop Prepaid Card - Average Value per Transaction (US$), 2020 - 2029Figure 51: Canada Closed Loop Prepaid Card - Number of Cards (Thousands), 2020 - 2029Figure 52: Canada Prepaid Card Market Share by Key Players (%), 2024Figure 53: Canada General Purpose Prepaid Card Market Share by Key Players (%), 2024Figure 54: Canada Travel Forex Prepaid Card Market Share by Key Players (%), 2024Figure 55: Canada Business and Administrative Expense Prepaid Card Market Share by Key Players (%), 2024Figure 56: Canada Meal Prepaid Card Market Share by Key Players (%), 2024Figure 57: Canada Prepaid Card - Trend Analysis by Age Group in Transaction Value TermsFigure 58: Canada Prepaid Card - Trend Analysis by Income Group in Value TermsFigure 59: Canada Prepaid Card - Trend Analysis by Gender in Value TermsFigure 60: Canada Prepaid Card - Market Share by Key Retail Categories (%), 2024Figure 61: Canada Prepaid Card - Food and Grocery - Transaction Value Trend Analysis (US$ Million), 2020 - 2029Figure 62: Canada Prepaid Card - Health and Beauty Products - Transaction Value Trend Analysis (US$ Million), 2020 - 2029Figure 63: Canada Prepaid Card - Apparel and Foot Wear - Transaction Value Trend Analysis (US$ Million), 2020 - 2029Figure 64: Canada Prepaid Card - Books, Music and Video - Transaction Value Trend Analysis (US$ Million), 2020 - 2029Figure 65: Canada Prepaid Card - Consumer Electronics - Transaction Value Trend Analysis (US$ Million), 2020 - 2029Figure 66: Canada Prepaid Card - Pharmacy and Wellness - Transaction Value Trend Analysis (US$ Million), 2020 - 2029Figure 67: Canada Prepaid Card - Gas Stations - Transaction Value Trend Analysis (US$ Million), 2020 - 2029Figure 68: Canada Prepaid Card - Restaurants & Bars - Transaction Value Trend Analysis (US$ Million), 2020 - 2029Figure 69: Canada Prepaid Card - Toys, Kids, and Baby Products - Transaction Value Trend Analysis (US$ Million), 2020 - 2029Figure 70: Canada Prepaid Card - Services - Transaction Value Trend Analysis (US$ Million), 2020 - 2029Figure 71: Canada Prepaid Card - Others - Transaction Value Trend Analysis (US$ Million), 2020 - 2029Figure 72: Canada General Purpose Prepaid Card - Transaction Value Trend Analysis (US$ Million), 2020 - 2029Figure 73: Canada General Purpose Prepaid Card Market Share by Consumer Segment (US$ Million), 2020 - 2029Figure 74: Canada General Purpose Prepaid Card - Market Size and Forecast by Unbanked / Underbanked Consumer Segment (US$ Million), 2020 - 2029Figure 75: Canada General Purpose Prepaid Card - Market Size and Forecast by Banked Consumer Segment (US$ Million), 2020 - 2029Figure 76: Canada Gift Card - Transaction Value Trend Analysis (US$ Million), 2020 - 2029Figure 77: Canada Gift Card Market Share by Functional Attribute (%), 2024Figure 78: Canada Open Loop Gift Card - Transaction Value Trend Analysis (US$ Million), 2020 - 2029Figure 79: Canada Closed Loop Gift Card - Transaction Value Trend Analysis (US$ Million), 2020 - 2029Figure 80: Canada Gift Card Market Share by Consumer Segments, 2020 - 2029Figure 81: Canada Prepaid Gift Card - Market Size and Forecast by Retail Consumer Segment (US$ Million), 2020 - 2029Figure 82: Canada Gift Card - Market Size and Forecast by Corporate Consumer Segment (US$ Million), 2020 - 2029Figure 83: Canada Gift Card Market Share Analysis by Retail Categories, 2024Figure 84: Canada Retail Gift Card Market Share Analysis by Gifting Occasion, 2024Figure 85: Canada Corporate Gift Card Market Share Analysis by Gifting Occasion, 2024Figure 86: Canada Entertainment and Gaming Prepaid Card - Transaction Value Trend Analysis (US$ Million), 2020 - 2029Figure 87: Canada Teen and Campus Prepaid Card - Transaction Value Trend Analysis (US$ Million), 2020 - 2029Figure 88: Canada Teen and Campus Prepaid Card Market Share by Functional Attribute, 2024Figure 89: Canada Open Loop Teen and Campus Prepaid Card - Transaction Value Trend Analysis (US$ Million), 2020 - 2029Figure 90: Canada Closed Loop Teen and Campus Prepaid Card - Transaction Value Trend Analysis (US$ Million), 2020 - 2029Figure 91: Canada Business and Administrative Expense Prepaid Card - Transaction Value Trend Analysis (US$ Million), 2020 - 2029Figure 92: Canada Business and Administrative Expense Prepaid Card Market Share by Consumer Segments, 2024Figure 93: Canada Business and Administrative Expense Prepaid Card - Market Size and Forecast by Small Scale Business Consumer Segment (US$ Million), 2020-2029Figure 94: Canada Business and Administrative Expense Prepaid Card - Market Size and Forecast by Mid-Tier Business Consumer Segment (US$ Million), 2020-2029Figure 95: Canada Business and Administrative Expense Prepaid Card - Market Size and Forecast by Enterprise Business Consumer Segment (US$ Million), 2020-2029Figure 96: Canada Business and Administrative Expense Prepaid Card - Market Size and Forecast by Government Segment (US$ Million), 2020-2029Figure 97: Canada Payroll Prepaid Card - Transaction Value Trend Analysis (US$ Million), 2020-2029Figure 98: Canada Payroll Prepaid Card Market Share by Consumer Segments, 2024Figure 99: Canada Payroll Prepaid Card - Market Size and Forecast by Small Scale Business Consumer Segment (US$ Million), 2020-2029Figure 100: Canada Payroll Prepaid Card - Market Size and Forecast by Mid-Tier Business Consumer Segment (US$ Million), 2020-2029Figure 101: Canada Payroll Prepaid Card - Market Size and Forecast by Enterprise Business Consumer Segment (US$ Million), 2020-2029Figure 102: Canada Payroll Prepaid Card - Market Size and Forecast by Government Segment (US$ Million), 2020-2029Figure 103: Canada Meal Prepaid Card - Transaction Value Trend Analysis (US$ Million), 2020-2029Figure 104: Canada Meal Prepaid Card Market Share by Consumer Segments, 2024Figure 105: Canada Meal Prepaid Card - Market Size and Forecast by Small Scale Business Consumer Segment (US$ Million), 2020-2029Figure 106: Canada Meal Prepaid Card - Market Size and Forecast by Mid-Tier Business Consumer Segment (US$ Million), 2020-2029Figure 107: Canada Meal Prepaid Card - Market Size and Forecast by Enterprise Business Consumer Segment (US$ Million), 2020-2029Figure 108: Canada Meal Prepaid Card - Market Size and Forecast by Government Segment (US$ Million), 2020-2029Figure 109: Canada Travel Forex Prepaid Card - Transaction Value Trend Analysis (US$ Million), 2020-2029Figure 110: Canada Travel Forex Prepaid Card Market Share by Consumer Segments, 2024Figure 111: Canada Travel Forex Prepaid Card - Market Size and Forecast by Retail Consumer Segment (US$ Million), 2020-2029Figure 112: Canada Travel Forex Prepaid Card - Market Size and Forecast by Small Scale Business Consumer Segment (US$ Million), 2020-2029Figure 113: Canada Travel Forex Prepaid Card - Market Size and Forecast by Mid-Tier Business Consumer Segment (US$ Million), 2020-2029Figure 114: Canada Travel Forex Prepaid Card - Market Size and Forecast by Enterprise Business Consumer Segment (US$ Million), 2020-2029Figure 115: Canada Travel Forex Prepaid Card - Market Size and Forecast by Government Segment (US$ Million), 2020-2029Figure 116: Canada Transit and Tolls Prepaid Card - Transaction Value Trend Analysis (US$ Million), 2020-2029Figure 117: Canada Social Security and Other Government Benefit Programs Prepaid Card - Transaction Value Trend Analysis (US$ Million), 2020-2029Figure 118: Canada Fuel Prepaid Cards - Transaction Value Trend Analysis (US$ Million), 2020-2029Figure 119: Canada Utilities, and Other Prepaid Cards - Transaction Value Trend Analysis (US$ Million), 2020-2029Figure 120: Canada Virtual Prepaid Card - Transaction Value Trend Analysis (US$ Million), 2020-2029Figure 121: Canada Virtual Prepaid Card - Transaction Volume Trend Analysis (US$ Million), 2020-2029Figure 122: Canada Virtual Prepaid Card - Average Value per Transaction, 2020-2029Figure 123: Canada Virtual Prepaid Card - Market Share Analysis by Key Virtual Prepaid Card Categories, 2024Figure 124: Canada Virtual Prepaid Card Market Share Analysis by Key Virtual Prepaid Card Categories, 2024Figure 125: Canada Virtual General Purpose Prepaid Card - Transaction Value Trend Analysis (US$ Million), 2020-2029Figure 126: Canada Virtual Gift Card - Transaction Value Trend Analysis (US$ Million), 2020-2029Figure 127: Canada Virtual Entertainment and Gaming Prepaid Card - Transaction Value Trend Analysis (US$ Million), 2020-2029Figure 128: Canada Virtual Teen and Campus Prepaid Card - Transaction Value Trend Analysis (US$ Million), 2020-2029Figure 129: Canada Virtual Business and Administrative Expense Prepaid Card - Transaction Value Trend Analysis (US$ Million), 2020-2029Figure 130: Canada Virtual Payroll Prepaid Card - Transaction Value Trend Analysis (US$ Million), 2020-2029Figure 131: Canada Virtual Meal Prepaid Card - Transaction Value Trend Analysis (US$ Million), 2020-2029Figure 132: Canada Virtual Travel Forex Prepaid Card - Transaction Value Trend Analysis (US$ Million), 2020-2029Figure 133: Canada Virtual Transit and Tolls Prepaid Card - Transaction Value Trend Analysis (US$ Million), 2020-2029Figure 134: Canada Virtual Social Security and Other Government Benefit Programs Prepaid Card - Transaction Value Trend Analysis (US$ Million), 2020-2029Figure 135: Canada Virtual Fuel Prepaid Cards - Transaction Value Trend Analysis (US$ Million), 2020-2029Figure 136: Canada Virtual Utilities, and Other Prepaid Cards - Transaction Value Trend Analysis (US$ Million), 2020-2029For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. Attachment Canadian Prepaid Card and Digital Wallet Market CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Insider
39 minutes ago
- Business Insider
Lululemon Athletica Stock (LULU) Plunges 23% as Tariff Pressures Eclipse Earnings Beat
Lululemon Athletica (LULU) shares have declined more than 20% following the release of its quarterly earnings report last week, as investors react to tariff-driven margin concerns and slowing revenue growth. The Canadian athletic apparel brand is beginning to feel the weight of reality in the Trump era following the introduction of sweeping tariffs, while also facing headwinds in its core U.S. market due to tightening discretionary spending and intensifying competition. Confident Investing Starts Here: Several analysts have since lowered their price targets on the stock. Upon closer examination, several underlying trends raise concerns, prompting a cautiously neutral stance. Strong Performance Overshadowed by Margin Concerns in Q1 Despite posting a solid earnings beat for Q1 FY2025, Lululemon (LULU) experienced its steepest single-day drop in years after trimming its full-year EPS guidance by $0.37 per share. While gross margins improved to 58.3% thanks to lower production costs, operating margins slipped 110 basis points to 18.5%, highlighting mounting pressure on profitability. Additionally, comparable store sales grew just 1%, with a 2% decline in the Americas—a concerning trend for the brand's largest market. Notably, it's not just the top-line numbers that tell the story. Lululemon's inventory levels increased 23% versus planned high-teens growth. More and more of its products are collecting dust on its shelves. This could signal demand softness. Lululemon has struggled in the past with its women's apparel aligning with ever-changing trends. How Tariffs Impact the Canadian Apparel Company Though based in Vancouver, Canada, Lululemon is still exposed to the impact of President Trump's tariffs. Like many apparel retailers, the company relies on Asian manufacturing partners in countries such as Vietnam and Indonesia, importing finished goods into key markets, particularly the U.S., which remains its largest. As a result, the renewed import levies are a significant factor behind the company's downward revision to its earnings guidance. Regardless of the troubles the company faces on a macro level, its store count continues to rise as expansion beckons. LULU's Pricing Strategy Faces Risks Amid Consumer Budget Sensitivity Lululemon plans to implement targeted price increases on a select group of products. While this strategy can help support margins, it also carries the risk of dampening demand. After all, Lululemon isn't selling necessities—it's offering premium athletic apparel. In tougher financial climates, price-sensitive consumers may opt to delay purchases or explore more affordable alternatives. A recent Intuit survey found that over 80% of young adults would reduce non-essential spending if economic conditions deteriorate. That puts Lululemon in a position where it must balance profitability with consumer sensitivity. Indeed, other retailers are facing similar challenges, but it's not all negative news for Lululemon. While domestic growth has slowed, the company is seeing strong international momentum. Comparable sales outside the U.S. increased by 6%, with particularly auspicious results in China, where Lululemon ranks as the third-largest foreign sports apparel brand, following Nike and Adidas. Building on this success, Lululemon plans to expand its presence by opening additional stores in China and Europe. In the meantime, other companies competing directly with LULU are shown below. Valuation Still Commands Premium Despite Selloff Perhaps the most significant factor in LULU's volatile stock reaction was the fact that it was priced for perfection. Even after the selloff, Lululemon trades at a Price to Earnings (P/E) ratio of 22.7, which is still a premium relative to its peers in retail. Financially, Lululemon remains in great shape. It generated over $1.5 billion in free cash flow in 2024 and maintains a balance sheet of $1.3 billion in cash and zero debt. Is LULU a Good Stock to Own? On Wall Street, LULU sports a Moderate Buy consensus rating based on 16 Buy, 12 Hold, and two Sell ratings in the past three months. LULU's average stock price target of $313.75 implies ~21% upside potential over the next twelve months. Following its first quarter earnings report, analyst Tom Nikic of Needham lowered his price target on LUL from $366 to $317. Although he believes the selloff was overdone due to the guidance cut being predominantly tariff-driven, he expressed caution over the company's lackluster domestic growth. Moreover, he noted that Lululemon's international comparable growth decelerated, 'raising questions about the growth algo from here.' Randal Konik from Jefferies has a Sell rating on LULU due to slowing growth and increasing competition. On the last point, he notes that the company's attempts to diversify its core offerings have 'not been well-received, leading to lower customer conversion rates.' Lululemon Faces Headwinds Beyond Tariffs Lululemon's challenges can't be attributed solely to President Trump's tariffs. Beyond the impact of import levies on profitability, the company's growth is showing signs of slowing, especially in mature domestic markets. Coupled with a premium valuation and a lowered guidance, these factors contributed to a staggering $8 billion loss in market value. Looking forward, Lululemon must navigate the ongoing tariff pressures alongside intense competition and an American economy marked by consumer uncertainty and inflation. Fortunately, the company has the financial strength to weather these headwinds, and its brand remains strong, especially among younger consumers. That said, the difficulty of protecting profit margins while sustaining high growth in an increasingly competitive athleisure market suggests that investors should approach with caution.
