No Result
View All Result
SUBMIT YOUR ARTICLES
  • Login
Sunday, October 5, 2025
TheAdviserMagazine.com
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
No Result
View All Result
TheAdviserMagazine.com
No Result
View All Result
Home Market Research Money

Stock market news for investors: Metro profits rise, Groupe Dynamite to close some Canadian stores

by TheAdviserMagazine
6 months ago
in Money
Reading Time: 2 mins read
A A
Stock market news for investors: Metro profits rise, Groupe Dynamite to close some Canadian stores
Share on FacebookShare on TwitterShare on LInkedIn


“Agility isn’t a tactic, but it’s our mindset,” he said on a call with analysts who were told no less than 12 times that “agility” is the company’s current mantra.

Its adoption of that modus operandi has come as apparel retailers have been plunged into a world of uncertainty because of tariffs the U.S. has been imposing on dozens of countries. 

Many of the duties have targeted Canada, while others are aimed at giants in the clothing manufacturing world such as Bangladesh, Cambodia, China, India, Indonesia, Malaysia, Pakistan, Turkey and Vietnam.

International brands worry the tariffs will dampen consumer spending and make production and shipping more expensive, forcing them to pass along elevated costs to consumers.

Lutfy thinks his company is well positioned to weather the storm, in part because it has raised its prices “successively through the years at a rate much faster than the rate of inflation.”

“I know that’s not going to change any time soon,” he said.

However, consumers may become less able to absorb such increases as the tariff war wears on, putting pressure on their wallets and causing some to rethink discretionary purchases like clothing.

While Lutfy acknowledged “there’s anxiety out there,” he saw apparel as being a more immune category than Jet Skis, cars and furniture, which he pointed out people often buy with debt financing.

“In these recessionary times, often enough, a cute, $30 top that puts a big smile on your face is sometimes just what it takes to get you through the week,” he said.

He is so confident in the average consumer’s interest in buying clothes even during a difficult economic period that he said, “I actually do like these times.”

“I don’t have an issue with it,” he said. “As a matter of fact, we see it as an opportunity to take market share.”

To accomplish that task, the company has been shifting its supply chain away from China and toward Bangladesh, Cambodia and Vietnam.

The company had long been planning to “de-risk” itself by moving away from China, but the tariff talk “escalated” the plan, Groupe Dynamite’s president and chief operating officer Stacie Beaver said on the same call as Lutfy.

It was also coupled with a decision to sign an agreement with a third-party logistics provider to open a U.S. warehouser this July that Groupe Dynamite hopes will speed up shipping times.

The window Groupe Dynamite offered into its operations came as it reported a fourth-quarter profit of $31.0 million, up from $28.6 million a year earlier as its revenue rose 13%.

That profit amounted to 28 cents per diluted share for the 13-week period ended Feb. 1 and was up from a profit of 27 cents per diluted share in the company’s fourth quarter a year earlier which included 14 weeks.

Revenue for the quarter totalled $271.8 million, up from $240.3 million.

Groupe Dynamite attributed the growth to a 9.5% increase in comparable store sales and contributions from new stores. 

On an adjusted basis, Groupe Dynamite said it earned 33 cents per diluted share, up from an adjusted profit of 28 cents per diluted share a year earlier.



Source link

Tags: CanadiancloseDynamiteGroupeinvestorsmarketMetroNewsProfitsrisestockstores
ShareTweetShare
Previous Post

ECB set to ease as Fed delivers hawkish twist

Next Post

Dutch startup Glampings.com secures €1M; aims to develop an AI travel advisor

Related Posts

edit post
Colleagues Retiring Younger Than You? How to Stay Relevant or Find Purpose Again

Colleagues Retiring Younger Than You? How to Stay Relevant or Find Purpose Again

by TheAdviserMagazine
October 4, 2025
0

Image Source: 123rf.com Watching coworkers head into early retirement while you’re still working can spark mixed emotions—pride for their success,...

edit post
What Aging in the Same House for 40 Years Does to Your Finances, Health and Memory

What Aging in the Same House for 40 Years Does to Your Finances, Health and Memory

by TheAdviserMagazine
October 4, 2025
0

Image Source: Pexels For many Americans, aging in place feels comforting—a symbol of stability and accomplishment. Familiar walls hold family...

edit post
When the Choir Dies Out: How Religious Life Changes After Loss of Spouse

When the Choir Dies Out: How Religious Life Changes After Loss of Spouse

by TheAdviserMagazine
October 4, 2025
0

Image Source: Pexels For many couples, faith communities become the center of their shared life—Sunday services, small groups, and familiar...

edit post
Why Your Retirement Party Might Be Cheaper Than You Think — And Smarter Too

Why Your Retirement Party Might Be Cheaper Than You Think — And Smarter Too

by TheAdviserMagazine
October 4, 2025
0

Image Source: Pexels Retirement parties used to be grand send-offs—catered dinners, banquet halls, and gold watches marking the end of...

edit post
What One Big Move Can Do to Lower Your Monthly Cost of Living

What One Big Move Can Do to Lower Your Monthly Cost of Living

by TheAdviserMagazine
October 4, 2025
0

Image Source: Pexels When budgets feel tight, most people look for small cuts—canceling subscriptions, cooking more, or skipping takeout. But...

edit post
The Secret Upside of No Kids or Grandkids Nearby

The Secret Upside of No Kids or Grandkids Nearby

by TheAdviserMagazine
October 4, 2025
0

Image Source: Pexels Many retirees assume happiness depends on being surrounded by children and grandchildren. But for those whose families...

Next Post
edit post
Dutch startup Glampings.com secures €1M; aims to develop an AI travel advisor

Dutch startup Glampings.com secures €1M; aims to develop an AI travel advisor

edit post
CoinGecko Spotlights LBank’s Memecoin Dominance and Fastest Altcoin Listings

CoinGecko Spotlights LBank’s Memecoin Dominance and Fastest Altcoin Listings

  • Trending
  • Comments
  • Latest
edit post
What Happens If a Spouse Dies Without a Will in North Carolina?

What Happens If a Spouse Dies Without a Will in North Carolina?

September 14, 2025
edit post
California May Reimplement Mask Mandates

California May Reimplement Mask Mandates

September 5, 2025
edit post
Does a Will Need to Be Notarized in North Carolina?

Does a Will Need to Be Notarized in North Carolina?

September 8, 2025
edit post
DACA recipients no longer eligible for Marketplace health insurance and subsidies

DACA recipients no longer eligible for Marketplace health insurance and subsidies

September 11, 2025
edit post
‘Quiet luxury’ is coming for the housing market, The Corcoran Group CEO says. It’s not just the Hamptons, Aspen, and Miami anymore

‘Quiet luxury’ is coming for the housing market, The Corcoran Group CEO says. It’s not just the Hamptons, Aspen, and Miami anymore

September 9, 2025
edit post
Tips to Apply for Mental Health SSDI Without Therapy

Tips to Apply for Mental Health SSDI Without Therapy

September 19, 2025
edit post
These co-CEOs swear by splitting the job: ‘The demands on a modern CEO are close to unsustainable’

These co-CEOs swear by splitting the job: ‘The demands on a modern CEO are close to unsustainable’

0
edit post
10 Best Halloween TV Episodes and Specials

10 Best Halloween TV Episodes and Specials

0
edit post
Denmark revives interest in Israeli air defense system

Denmark revives interest in Israeli air defense system

0
edit post
Trump Takes Next Step To Bring Us To World War III

Trump Takes Next Step To Bring Us To World War III

0
edit post
Bitcoin Price Hits New ATH as ‘Uptober’ Kicks Off in Full Force

Bitcoin Price Hits New ATH as ‘Uptober’ Kicks Off in Full Force

0
edit post
When Cravings for Normalcy Become Risky After Surgery

When Cravings for Normalcy Become Risky After Surgery

0
edit post
Denmark revives interest in Israeli air defense system

Denmark revives interest in Israeli air defense system

October 5, 2025
edit post
These co-CEOs swear by splitting the job: ‘The demands on a modern CEO are close to unsustainable’

These co-CEOs swear by splitting the job: ‘The demands on a modern CEO are close to unsustainable’

October 5, 2025
edit post
American Express – AXP: Die Bullen haben das Kommando!

American Express – AXP: Die Bullen haben das Kommando!

October 5, 2025
edit post
Best CD rates today, October 5, 2025 (lock in up to 4.10% APY)

Best CD rates today, October 5, 2025 (lock in up to 4.10% APY)

October 5, 2025
edit post
MasterClass founder says CEOs who are not using AI daily are only 80% as good as their peers—he’s saved an entire day of work thanks to a custom GPT

MasterClass founder says CEOs who are not using AI daily are only 80% as good as their peers—he’s saved an entire day of work thanks to a custom GPT

October 5, 2025
edit post
Flipkart to offload entire stake in Aditya Birla Lifestyle via Rs 950 crore block deal: Report

Flipkart to offload entire stake in Aditya Birla Lifestyle via Rs 950 crore block deal: Report

October 5, 2025
The Adviser Magazine

The first and only national digital and print magazine that connects individuals, families, and businesses to Fee-Only financial advisers, accountants, attorneys and college guidance counselors.

CATEGORIES

  • 401k Plans
  • Business
  • College
  • Cryptocurrency
  • Economy
  • Estate Plans
  • Financial Planning
  • Investing
  • IRS & Taxes
  • Legal
  • Market Analysis
  • Markets
  • Medicare
  • Money
  • Personal Finance
  • Social Security
  • Startups
  • Stock Market
  • Trading

LATEST UPDATES

  • Denmark revives interest in Israeli air defense system
  • These co-CEOs swear by splitting the job: ‘The demands on a modern CEO are close to unsustainable’
  • American Express – AXP: Die Bullen haben das Kommando!
  • Our Great Privacy Policy
  • Terms of Use, Legal Notices & Disclosures
  • Contact us
  • About Us

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.