Vertically integrated eyecare provider, Vancouver-based Kits Eyecare Ltd. reports that for its second quarter that ended in late June 2026, revenue increased by 17.8 percent to a record $58.4 million(Cdn) compared to $49.6 million(Cdn) in the previous Q2. “We believe the value of our business lies in the strength of the KITS brand and the loyalty it earns — and this quarter, that loyalty showed up in the numbers,” said Co-Founder, CEO Roger Hardy. “Repeat revenue grew 27.4 percent to 65.5 percent of revenue, average order value reached a record $213, glasses grew 54 percent at expanding margins, and the business generated a record $7.8 million in operating cash flow for the quarter. Very few companies grow at this rate; even fewer do it while generating cash. We are one of them. The business is now paying for its own acceleration, and we are still early.” Kits Eyecare has been ranked No. 221 overall and No. 25 in the Consumer category on The Globe and Mail’s 2026 Report on Business ranking of Canada’s Top Growing Companies, with three-year revenue growth of 121 percent. For the third quarter of 2026, KITS management expects revenue to be in the range of $62.0 million to $64.0 million(Cdn). (Kits Eyecare Ltd. – www.kits.com)…….
Last week, the Town of Wasaga Beach has unveiled its Destination Wasaga Master Plan, a long-term, community-led vision aimed at transforming the popular Ontario resort into a vibrant, sustainable four-season recreation and nature-based destination. Developed with extensive public input from more than 16,000 participants, the plan prioritizes protecting public beach access, environmental stewardship, Indigenous engagement, resident quality of life and carefully managed tourism growth. Key concepts include approximately 4.5 kilometres of new boardwalk, 3.2 kilometres of bike paths, expanded waterfront parkland, a revitalized Dardanella as a year-round performance venue and a pedestrian bridge spanning the Nottawasaga River. The strategy seeks to attract investment, strengthen local businesses and create year-round economic activity. Ontario has committed $38 million toward implementation, including funding for Beach Drive and Nancy Island Historic Site. (Town of Wasaga Beach – www.wasagabeach.com)…………..
Salthill Capital has announced that it has acquired the acquisition of Sage Hill Quarter, a 175,000 square foot grocery and pharmacy-anchored open centre located in Northwest Calgary. The lifestyle centre at 455 Sage Valley Dr is anchored by FreshCo and Shoppers Drug Mart along with a diverse selection of necessity-based tenants. Available units in the centre range from 1054 square feet to about 5700 square feet. Salthill Capital’s Peter Stuart is handling the leasing. (Salthill Capital – Peter Stuart -416/238-8147 pstuart@salthillcapital.com)……….
Taza Development Corp reported on social media that Walmart Canada has broken ground on its new Supercentre at Taza Park West, part of the retailer’s $6.5 billion, five-year investment in stores and supply chain across Canada. Set to open in 2027, the 140,000 square foot store is part of the major Taza Park West development on Tsuut’ina Nation land at Glenmore Trail and Tsuut’ina Trail, southwest of Calgary. The 1200-acre project is one of the largest First Nation development projects in North America. (Taza Development Corp – www.taza.ca)…………
The Calgary planning commission has given final approval to a previously announced proposed Calgary Co-op grocery store and high-rise condo project in the heart of Marda Loop in Calgary, according to the Calgary Herald. A 26,000 square foot Calgary Co-op store, along with about 11,265 square feet of retail and restaurant space, will be a part of the 1.76-acre Marda Loop Village along with three separate multi-storey mixed-use towers at 33rd Ave and 20th St SW. (Calgary Co-Op – www.calgarycoop.com)……………
Statistics Canada reports that Canadian retail sales declined 0.7 percent to $73.7 billion in July, reflecting slower activity at general merchandise retailers. Sales in that category fell 1.9 percent, following a 2.5 percent increase in June. Retailers of clothing, clothing accessories, shoes, jewelry, luggage and leather goods also recorded a 1.2 percent decline. In contrast, sales at building material and garden equipment and supplies dealers increased 0.8 percent during the month. Core retail sales, which exclude gasoline stations and fuel vendors as well as motor vehicle and parts dealers, also decreased 0.7 percent. Measured by volume, overall retail sales fell 1.1 percent, indicating a larger decline after accounting for price changes. Despite the July slowdown, Statistics Canada’s preliminary estimate points to a 1.3 percent increase in retail sales for August, although the agency cautioned that the early figure is subject to revision. (Statistics Canada – www.statcan.gc.ca)………
And in case you were at your cottage on the moon last week, Starbucks announced that it is closing another 250 underperforming company-operated coffeehouses across North America. This comes a year after a similar move last year as part of the company’s $1-billion(US) restructuring efforts. Keep in mind, Starbucks has about 18,000 locations across North America and plans are to open about 440 locations in 2026. (Starbucks Coffee Co. -www.starbucks.ca)……….
Have a great week……….