News   GLOBAL  |  Apr 02, 2020
A Message to Our Readers
 10K     0 
News   GLOBAL  |  Apr 01, 2020
EarthCam Time-Lapse Documents Rafael Viñoly-Designed New Stanford Hospital Construction
 42K     0 
News   GLOBAL  |  Apr 01, 2020
Resort Town
 6K     0 

Makes sense. I've bought more sweatshirts and sweatpants in recent years than I have for formal wear. ;)
 
mustangjay said:
The newly opened De Beers store seems to be a bust and it escapes me why they opted to open their Toronto store at Sherway instead of Yorkdale or Bloor Street where the real money is.
Click to expand...

De Beers is bust.

www.jewellerybusiness.com

De Beers to be sold

British multinational mining company Anglo American has confirmed its plans to sell its diamond subsidiary, De Beers, publicly stating that De Beers will be “divested or demerged” from its portfolio. Anglo American currently holds 85 per cent of De Beers’ shares, the remaining 15 per cent is...
www.jewellerybusiness.com www.jewellerybusiness.com

Synthetic diamonds are likely hitting their bottom line and especially projected future earnings.

twistedsifter.com

Synthetic Diamonds Can Now Be Made In Minutes. Here’s What That Could Mean For The Industry.

The gemstone industry doesn’t need to panic today.
twistedsifter.com

Though the mining industry seems to be in denial.

www.mining.com

Lab diamonds just won a battle, not the war

Despite the hype, man-made diamonds only account for 20% of global diamond jewellery sales and analysts expect their price to fall.
www.mining.com www.mining.com
 
Last edited:
Last edited:
Retail clothing stores Ricki’s, Cleo and Bootlegger are expected to close stores.

Also, a personal favourite clothing store, Frank and Oak, is seeking creditor protection.

www.thestar.com

Ricki’s and Cleo to close stores while Frank and Oak seeks creditor protection

Court documents show the company operates 75 Ricki’s stores, 54 Cleo stores, 20 joint locations and about 19 sites the brands split with Comark's other banner Bootlegger.
www.thestar.com www.thestar.com
 
The Curry's art store chain have closed their last location in Hamilton and are currently only operating online:

www.yourcitywithin.com

CLOSURE: Curry's has closed down their last physical location in Hamilton - YourCityWithIN.com

Art store chain Curry’s has closed down their last remaining physical store in Hamilton. It was once an experience for artists of all levels to walk through the doors of a location of the art shop, physically experiencing all the smells, textures and bright colours of the supplies on offer...
www.yourcitywithin.com www.yourcitywithin.com
 
MEC is in trouble.

www.theglobeandmail.com

MEC seeks cash infusion as inventory clearout batters bottom line

Confidential summary details the outdoor retailer’s falling revenue
www.theglobeandmail.com www.theglobeandmail.com

Outdoor retailer Mountain Equipment Co. is facing falling revenues and profits, and requires an infusion of capital to normalize its operations, according to a confidential presentation provided to potential bidders for the chain.

The “executive summary,” obtained by The Globe and Mail, details the struggles MEC has gone through in recent years, as the company has seen profit margins squeezed by a consumer pullback in spending and a glut of inventory the stores have been unable to sell at full price.

MEC operated as a co-operative for 49 years before it filed for creditor protection during the pandemic. The retailer was acquired in late 2020 by California-based investment firm Kingswood Capital Management LP for $150-million.

The Globe and Mail reported earlier this month that the chain was up for sale again, and had fallen behind on payments to its vendors, according to three sources familiar who were not authorized to speak about confidential discussions.
Click to expand...
 
You must log in or register to post here.

Back
Top