Business News
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Roots sales are down on lower demand for its sweatpantsRoots chief executive Meghan Roach says the results aligned with the company's internal projections and reflected a challenging economic environment.Money12 hours
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Indigo shakeup: Heather Reisman retiring, 4 other board members stepping downIndigo Books and Music Inc. says founder Heather Reisman will retire as executive chair and as a director this summer, while four other members of its board have also stepped down.MoneyJun 7
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Dollarama tops earning estimates as cost-conscious buyers boost salesDollarama Inc. says it earned $179.9 million in its latest quarter, up from $145 .5 million in the same quarter a year earlier, as its sales gained 20.7 per cent.MoneyJun 7
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Lululemon stock surges as consumers keep coming backLululemon's stock soared 15 per cent in early trade on Friday, after the apparel retailer defied investor worries with a full-year outlook lift amid little pullback from consumers.MoneyJun 2
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More Canadian companies adopt ‘stay interviews’ amid push to retain staffThe discussions are designed to collect feedback from employees and are aimed at learning what the company can do to retain valued team members and keep them happy.CanadaMay 29
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Nvidia’s stock surged this week. How the AI boom played a roleNvidia Corp closed in on a trillion-dollar market value on Thursday as shares surged 25 per cent following a bumper earnings report.MoneyMay 26
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BMO, Scotiabank are putting aside more money for loans that could go badBank of Montreal and Scotiabank kicked off Canada bank earnings with lower profit than a year ago. Both banks raised their dividends Wednesday.MoneyMay 24
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Shopping Shein? What to know about the fast-fashion brand’s so-called ‘dark sides’China-founded fashion manufacturer Shein is a staple of e-commerce, especially for generation Z shoppers. Here's what you should know about the company's explosive growth.MoneyMay 24
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Walmart tops earning expectations as shoppers seek bargains on essentialsWalmart raised its annual sales and profit targets on Thursday as shoppers sought bargains on essentials such as groceries amid high inflation.MoneyMay 18
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Home Depot cuts sales forecast in sign consumers are reining in renosHome Depot cut its annual sales forecast and projected a steeper-than-expected decline in profit, stoking fears about inflation-wary consumers trimming discretionary spending.EconomyMay 16
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