TORONTO — The Body Shop Canada is exploring a sale as it struggles to get its hands on enough inventory to keep up with "robust" sales after announcing it would file for creditor protection and close 33 stores.
The parent company filed for administration in the U.K. on Feb. 13, while The Body Shop Canada announced plans to seek creditor protection at the start of March, when its U.S. business also revealed it would close.Since the Canadian announcement and wind-down of dozens of stores, Searle says the retailer's sales have outpaced its projections but the chain hasn't been able to get inventory because it relies on the U.S. and U.K. divisions for merchandise.
TORONTO — The federal budget is being met with disdain from Canada's innovation industry, including tech darling Shopify, which called the capital gains measures in the fiscal plan a potential cause of "irreparable harm." The sector is disappointed that the Liberal government's budget tabled Tuesday includes a proposed increase to the proportion of capital gain earnings on which businesses pay income tax, to two-thirds from one half.
At Samsung, a five-day workweek apparently isn’t enough to get the job done. Now its executives will have to work weekends too.California McDonald’s franchisee says he's focused on ‘survival’ after new $20 minimum wage lawThe silver tsunami is here. Indeed, more than 4.1 million Americans will turn 65 each year through 2027, which amounts to more than 11,200 Americans retiring every day, according to an Alliance for...
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