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Canadian Tire sees permanent shift in online shopping habits in wake of COVID-19 pandemic [Video]

The COVID-19 pandemic has reshaped the approach to e-commerce at Canadian Tire Corp. Ltd., as executives believe a surge in online spending portends longer-term changes to the retail business.

“We believe COVID-19 has permanently shifted the shopping behaviour of many,” president and chief executive Greg Hicks said on a conference call with analysts to discuss the company’s first-quarter earnings on Thursday. The company is now “going to pour gas on” an existing project to upgrade its e-commerce sites, he said.

Canadian Tire took an earnings hit owing to the effect of the pandemic on the global economy. On Thursday, the Toronto-based retailer reported a net loss attributable to shareholders of $13.3-million, or 22 cents a share, in the three months ended March 28, compared with a net profit attributable to shareholders of $69.7-million or $1.12 a share in the same period last year.

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While the company saw a decrease in …

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Laurence Fox hits back at criticism for wearing mask exemption badge: 'Educate yourself' | Celebrity News | Showbiz & TV [Video]

LAURENCE FOX - actor and politician - began trending on Twitter today after uploading a photograph of himself wearing a COVID 'mask exemption' badge that he had obtained from Amazon, and has now responded to criticism he received from a Conservative MP over the divisive post.

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Ecommerce

American entrepreneur Rachel Tipograph is the co-founder of MikMak, one of the fastest-growing woman-led startups of 2020-21.