Retailers also hit by winter ice storm that disrupted power, holiday shopping
TORONTO - A business group says the nasty winter ice storm that walloped parts of Ontario through to Atlantic Canada has also hit retail stores hard during a prime shopping season.
The Retail Council of Canada says the weekend storm arrived at a make-or-break time for many stores' profits, with $30 to $40 billion in sales rung up during December.
It says the final tally of business lost to the weather system that toppled trees, interrupted transit and left hundreds of thousands without power could be high and have a huge impact on small- and medium-sized retailers.
The group says stores are trying to be flexible by extending hours and is asking shoppers to check if their local merchants are staying open later.
One recent arrival on the Canadian retail scene has stretched its operating hours to accommodate shoppers looking for last-minute Christmas gifts or storm-surviving staples such as batteries and candles.
Target said some of its stores in Ontario and Atlantic Canada would remain open until midnight Monday.
Read more Business News
- Okanagan cheese recalledVernon / N. Okanagan - 9:20 am
- Hwy. 1 reopened at RevelstokeBC - 11:03 am
- Camping reservations open SaturdayBC - 9:38 am
- Dog viciously attacked by 2 pit bullsCentral Okanagan - 5:00 am
|QHR Technologies Inc||1.20||-0.03|
|Anavex Life Sciences||0.44||+0.01|
|Copper Mountain Mining||2.01||+0.02|
|Sunrise Resources Ltd||0.025||-0.005|
|Mission Ready Services||0.29||+0.015|
Do you remember Mitt Romney, the Utah senator who ran for the US presidency? Straight out of Harvard Business School he joined Bain Consulting. The remit of Bain Consulting was to help businesses grow...
But the equivalent for many of us, is to find more time in a day! Sometimes you have to wonder if in this era of technology laden assistance whether we really did become more productive. Alternately,...
Big Picture Geopolitical risk remains at the fore; Fluid situation in Ukraine suggests need for vigilance The S&P500 remains close to a record level as better than expected February jobs data in ...