Retail

Carlingwood sale could trigger wave of mixed-use development at mall site, experts say

The sale of the Carlingwood Shopping Centre could pave the way for a new mixed-use “ecosystem” that would eventually see condo towers built at the 30-acre site, real estate and retail experts predict.

Consumer spending to soften in second half of 2023: Canadian Chamber of Commerce

While consumer spending remained strong in the second quarter, it turned a corner after the Bank of Canada ended its pause on interest rate hikes, the Canadian Chamber of Commerce said.

Bright Side of (Downtown) Business: La Bottega Nicastro marks 100 years of groceries in ‘magical’ Market

This summer, La Bottega Nicastro is celebrating 100 years since J. Sosa first opened, and the memories could fill an entire shelf of scrapbooks. 

Carlingwood Shopping Centre put on the market

Carlingwood Shopping Centre, which opened in 1956 and now contains the country’s largest Canadian Tire store, has been put on the market.

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.

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