Retail

Cannabis company Canopy Growth signs deals with lenders to reduce debt

Canopy Growth Corp. says it has signed deals with its secured and unsecured lenders that it expects will help the cannabis company reduce its total debt by about $437 million over the next six months.

‘Gordon was a giant’: Giant Tiger founder Gordon Reid dies at 89

Gordon Reid, a legendary figure in Ottawa business who founded discount chain Giant Tiger and built it into one of Canada’s most successful and recognizable retail brands, has died.

Rideau Rollers brings “rollerskating renaissance” to Chinatown

With Rideau Rollers, Alysha Gardner is spearheading the revival of a rollerskating culture in the city and bringing variety to the streets of Chinatown.

Retail sales grow 1.1 per cent in April as consumer resiliency continues

Canadian retail sales came in stronger than initially estimated, as analysts say consumers proved resilient amid an...

Strong sales but lower profits for many local businesses, retail reports suggest

Strong consumer spending patterns across Canada and particularly in Ottawa seem promising, but the data show only part of the retail picture, experts agree.

Instant Pot maker seeks bankruptcy protection as sales go cold

The maker of Pyrex glassware and the Ottawa-born Instant Pot has filed for Chapter 11 bankruptcy protection as the company that was already struggling is stung by inflation, with Americans pulling back on spending.

New Arc’teryx store a good fit for Rideau Centre, downtown Ottawa, analyst says

As Nordstrom prepares to close at the end of the month, the opening of high-performance apparel and equipment brand Arc’teryx in the CF Rideau Centre is the sort of retailer the mall needs, says one market watcher.

Nordstrom exit, arrival of new retailers could herald more changes at Rideau Centre, market watchers say

The departure of Nordstrom from the Rideau Centre this month could open the door to new types of tenants as malls shift from traditional mainstays to more “experiential” businesses like spas and entertainment venues, real estate experts say.

Ottawa’s retail recovery a ‘mixed bag’ as downtown struggles, other areas bounce back: Experts

After bottoming out during the pandemic, Ottawa’s retail sector is “coming back with a vengeance” in neighbourhoods like the Glebe while still struggling in the pandemic-battered downtown core, a new report says.

Sex shop owner sounds the alarm over homelessness crisis, addiction on Bank Street

In the time since a methadone clinic opened across the street, this shop owner has seen an increase in drug use and homelessness on her block to an extent that has “traumatized” and “saddened” her.

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