Latest news with #Vancouver-based
The Market Online
3 hours ago
- Business
- The Market Online
TSX Stumbles as Cyber Chaos, Analyst Cuts, and Trade Feuds Collide
Trade tensions just cranked up a notch as EU diplomats are floating broader blowback against Washington, rattling investors and dragging the TSX into the red to start the morning. Market Numbers (Futures) TSX : Down ( 0.20%) 27,262.37TSXV: Flat (0.00%%) 802.80DOW: Down (0.11%) 44,499.00NASDAQ: Down (0.04%) 23,332.00 FTSE: Down (0.16%) 8,998.45 In the Headlines: Roughly 100 organizations just got caught in the crossfire of a major Microsoft server hack, proving even tech giants can't lock the doors fast enough. And two of Canada's leading companies have been hit with analyst downgrades. JPMorgan has cut its rating of Vancouver-based Lululemon to neutral from overweight. Meanwhile, Loop Capital Markets has cut its recommendation on Shopify's stock to hold from buy, citing valuation concerns. . Currencies Update: (Futures) The Canadian dollar stays pinned at $0.7313 U.S. up by 0.04%, nudges up against the euro by 0.14% to $0.6265, while Bitcoin lights up the screen adding $1,812 or 1.12% to C$163,318.20. Commodities: (Futures) Natural Gas: Down: Up (2.57%), 3.24WTI: Down (2.83%), 65.28Gold: Up (0.47%), 3,411.64 Copper: Up (0.51%) 6.08 To stay up-to-date on all of your market news head to Join the discussion: Find out what everybody's saying check out the rest of Stockhouse's stock forums and message boards. The material provided in this article is for information only and should not be treated as investment advice. For full disclaimer information, please click here
Calgary Herald
2 days ago
- Business
- Calgary Herald
‘I can feel their enthusiasm': Billionaire Ruby Liu holds job fair to bolster bid to take over HBC leases
Vancouver-based billionaire Ruby Liu was welcomed by dozens of former Hudson's Bay employees at a job fair in Toronto on Saturday, as her organization staged a recruitment event for new stores she plans to open up after taking over the Bay's leases. Article content Liu has not received court approval to take over 25 of the Bay's leases as per a deal inked in May, and has yet to satisfy the demands of some of the landlords who have raised concerns about her takeover and want her to submit a proper business plan. One of Hudson's Bay senior lenders filed a motion this month to terminate the deal with Liu, arguing that the delay is costing the company money. Article content Article content But none of these factors seemed to discourage Liu on Saturday, who danced with applicants, walked around with a selfie stick to take photos and promote the event on social media and even briefly paused her recruiting to sing the national anthem. Article content 'I am confident that we are going to get the stores, so we are preparing for that,' Liu, whose statement was translated, told reporters at the event. 'We have received almost a thousand resumés online. I wanted to meet these candidates in person. I can feel their enthusiasm.' Article content Liu agreed to take over the leases for 28 of 96 Hudson's Bay stores, all of which were shut down last month as Canada's oldest retailer, which filed for bankruptcy protection under the Companies' Creditors Arrangement Act in March, looks to pay back millions of dollars to its creditors. Aside from monetizing its leases, the Bay also fired all its employees, sold intellectual property rights to Canadian Tire and is looking to auction its valuable artifacts. Article content Article content Each of those steps, including Liu's deal, needs to be approved by an Ontario court. Article content Article content Last week, an Ontario court was supposed to make a decision on whether or not HBC should cancel Liu's agreement, but that hearing had to be postponed, mostly because Liu arrived at court without a lawyer. Article content Liu said that her previous legal counsel had quit on Sunday afternoon, ahead of the hearing, which took place on Tuesday. Article content 'Our previous legal counsel didn't help us submit the business plan to the landlords and some materials we hoped to submit,' she said. 'We are very disappointed.' Article content Article content But things have changed since then, said Liu, who hired a new lawyer and hopes to go to court in mid-August. 'We want to meet with the landlords more and more,' she said. 'It was not arranged in the past as we wished and we hope that will be happening.' Article content Liu said that she is willing to 'share the profits' with landlords from her flagship stores, which are going to be 'fun and exciting,' she said during a speech at the event.
Business Insider
2 days ago
- Business
- Business Insider
Aritzia is having a breakout year — here's why the women's fashion boutique is on a growth spurt
Watch out, Lululemon: Another Vancouver-based apparel maker is making a play for US shoppers. Aritzia, the everyday luxury womenswear retailer, has steadily gained ground and grown sales over the past several years with its assortment of stylish activewear and comfortable office wear. The company said in July that it grew its retail footprint by 25% over the last year, including opening 13 stores and redesigning three existing ones. The expansion helped drive retail sales up 34% year over year last quarter. "We've done a lot of work over the past 1 1/2 years, two years to refine our playbook and ensure that our inventory is productive and efficient. And I think we're in a fantastic place right now, very well-positioned," CEO Jennifer Wong said in an earnings call. The results appear to be delivering on some ambitious goals Wong laid out last year as Aritzia's US expansion was heating up. Wong was not immediately available for an interview with Business Insider, but she detailed her strategy in several interviews with other outlets. "We're tackling all the major cities where we know our brand and product resonates with the customer," she told Vogue Business last November. "The next step is to fill in the rest of the country." Founded in 1984 in Vancouver, Aritzia saw steady growth in Canada before entering the US in 2007. The company saw a bumper year in 2020, followed by some pandemic-era challenges, and has since tripled sales to more than CAD$2.7 billion last year. Wong has been with the company since its early days, rising through the ranks to eventually take over the helm from founder Brian Hill in 2022. She soon doubled the rate of store openings, helping to extend the momentum of the return-to-office era. "We experienced some explosive growth coming out of Covid," she said. "There was pent-up demand and a whole new energy. That really accelerated our business in the US, and we became more well known than ever. We've been really riding that momentum since." There are 68 locations in Canada and 63 in the US, and the company says it could see the US figure grow to more than 150 over the next few years, not to mention its growing e-commerce operation. Four of those locations will open in the next few months in the Boston area, Miami, Salt Lake City, and Raleigh, North Carolina. While Aritzia's stores have drawn some derision on TikTok for their mirrorless (and sometimes crowded) dressing rooms, its high-touch "style advisor" sales approach harkens back to the kind of personalized shopping experience offered at luxury department stores like Bergdorf Goodman. Of course, it's the clothing that ultimately makes or breaks the sale for fashion brands, and Aritzia appears to be delivering good value for its customers. In terms of style and substance, BI's reviews team called Aritzia's apparel " as timeless and elegant as it is trendy and modern" and said the quality is "undisputed." Price-wise, analysts at Jefferies looked at comparable products from nine peer retailers and found Aritzia to be a cut above the mid-tier but a step below the highest-priced brands. In other words, it is more expensive than Lululemon and J. Crew but less pricey than Anthropologie and Madewell. In addition, Aritiza's prices are less frequently marked down than some competitors. The Jefferies analysts suggested that the relative pricing and demand for Aritzia products give the company more room to grow in sales and profits, propelling its expansion. From its merchandise to stores to tech, it appears Aritzia is getting a lot of retail fundamentals right — and reaping the rewards. "It's not any one of those things, but it's all of these things that come together and how we've been able to execute well over the years on all of it," Wong told the Business of Fashion in January. "When I say we want to be excellent at everything, that's really what's in our minds."
The Province
3 days ago
- Entertainment
- The Province
Testing out a face oil for a simpler summer skin care routine
Nadia Albano tries the Beauty Elixir from the new Vancouver-based brand Femmeuine Nadia Albano tries a beauty elixir from Femmeuine. Photo by Nadia Albano Reviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchases made through links on this page. There is something about warmer weather that inspires a simpler way of living, and that includes skin care. This advertisement has not loaded yet, but your article continues below. THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY Subscribe now to read the latest news in your city and across Canada. Exclusive articles by top sports columnists Patrick Johnston, Ben Kuzma, J.J. Abrams and others. Plus, Canucks Report, Sports and Headline News newsletters and events. Unlimited online access to The Province and 15 news sites with one account. The Province ePaper, an electronic replica of the print edition to view on any device, share and comment on. Daily puzzles and comics, including the New York Times Crossword. Support local journalism. SUBSCRIBE TO UNLOCK MORE ARTICLES Subscribe now to read the latest news in your city and across Canada. Exclusive articles by top sports columnists Patrick Johnston, Ben Kuzma, J.J. Abrams and others. Plus, Canucks Report, Sports and Headline News newsletters and events. Unlimited online access to The Province and 15 news sites with one account. The Province ePaper, an electronic replica of the print edition to view on any device, share and comment on. Daily puzzles and comics, including the New York Times Crossword. Support local journalism. REGISTER / SIGN IN TO UNLOCK MORE ARTICLES Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account. Share your thoughts and join the conversation in the comments. Enjoy additional articles per month. Get email updates from your favourite authors. THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK. Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account Share your thoughts and join the conversation in the comments Enjoy additional articles per month Get email updates from your favourite authors Layering multiple serums and moisturizers feels unnecessary, especially if you're spending long days by the pool or packing light for your summer travels. Whether you are drawn to the ease of lightweight products or embracing a more relaxed approach to self-care, minimalism is in. I was recently introduced to a new local skincare line called Femmeuine, founded by actress Alison Araya. Each of her products are formulated with beautiful botanical ingredients to nourish the skin, and made in limited quantities and with purpose. It's for women who feel the pull to slow down, simplify their beauty routine and reconnect to a holistic beauty practice, which is right up my alley. On clean skin, I applied the Femmeuine Beauty Elixir onto my skin and massaged it in. It's a lightweight yet highly concentrated facial oil that leaves skin feeling extremely soft, hydrated and nourished. It also has a very subtle and natural scent. Nadia Albano tries a beauty elixir from Femmeuine. Photo by Nadia Albano I wanted to test out her Femmeuine Butterfly Gua Sha stone — a little curved-shaped facial massage tool that offers many beauty benefits. It is linked to promoted lymphatic drainage, lifts and sculpts the facial muscles, stimulates circulation and helps produce collagen. I like to use a combination of short and long upward and outward strokes across the areas of the face including the neck to chin, chin and jaw, cheek bones to temple, forehead and brow bone. This is a new summer skincare ritual that I will be implementing two to three times per week. My skin looks and feels incredible already. Vancouver Canucks Celebrity Local News News News
Toronto Star
5 days ago
- Business
- Toronto Star
Methanex Corporation – Notice of Cash Dividend
VANCOUVER, British Columbia, July 17, 2025 (GLOBE NEWSWIRE) — Methanex Corporation (the 'Company' or 'Methanex') (TSX:MX) (Nasdaq:MEOH) announced today that its Board of Directors has declared a quarterly dividend of US$0.185 per share. The dividend will be payable on September 30, 2025, to holders of common shares of record on September 16, 2025. Methanex is a Vancouver-based, publicly traded company and is the world's largest supplier of methanol globally. Methanex shares are listed for trading on the Toronto Stock Exchange in Canada under the trading symbol 'MX' and on the Nasdaq Global Select Market in the United States under the trading symbol 'MEOH'. Methanex can be visited online at
