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glenkorstrom.bsky.social
Reporter at Business In Vancouver, (Part of Glacier Inc.’s Lodestar.) Mostly cover #retail, #tourism, #hospitality, #travel, #AI / #tech, #consumer trends Photo by Chung Chow
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Here's how two major conferences coming soon are set to impact Vancouver in different ways #tourism #conventions www.biv.com/news/hospita...

Lots of sparring today as BCRFA CEO Ian Tostenson says WorksafeBC is "being a bit of a bully, and they're being, you know, really not a collaborator." Check out my look into the issue that prompted his frustration. www.biv.com/news/hospita...

GVBOT pushes B.C. government on AI strategy ahead of Web Summit #technology #WebSummit #BCpoli

Great to see a Canadian headquartered company return to Canadian owners. This is the second day in a row Canadian investors have stepped up to buy a legendary Canadian retailer, or at least that retailer's IP and assets. Yesterday HBC. Today MEC. #retail

Vancouver woman suing CIBC for its Simplii Financial division not acting fast to stop an alleged scam that cost her $150K. #lawsuits #fraud www.biv.com/news/economy...

Check out my look at why Vancouver tourism-destination executives cautiously predict a banner season this summer, despite some signs pointing to a drop in visitors compared with last year #tourism #hospitality #BCecon

CEOs in B.C.'s AI sector are excited Canada has its first dedicated minister of AI, and how this symbolizes a desire to once again lead the world as an AI pioneering country #AI #Cdnpoli

Why the BCGEU is accusing Vancity of shifting values, betraying credit union roots #BClab #BCecon #finance

Here's why U.S companies are cancelling large Vancouver corporate events. Multiple sources said at least five of those events have been cancelled in recent months. #BCecon #events

Acquisitions fuelling rapid growth at B.C.'s sixth largest public company as Premium Brands records record Q1 revenue. #retail #manufacturing #BCecon

Here's why Vancouver's Kits Eyecare sees "sustained profitable growth" following record quarterly revenue #eyewear #retail

Judge rules against company affiliated with Bonnis Properties in lawsuit over former Jimi Hendrix Shrine site #YVRre #lawsuits

Glacier's media division, now named Lodestar, launches: #journalism

Vancouver's cruise season set to be an engine for local tourism, although smaller than last year's record #cruise #travel #tourism

Check out how executives in B.C.'s tourism and hospitality sector are reacting to the Canada's new Liberal minority government. #tourism #travel #hospitality

Toronto hotels were pricier than Vancouver ones in March despite Vancouver having higher occupancy rates. Here are some thoughts on how that could have happened. #travel #tourism #hotels www.biv.com/news/hospita...

Sad to hear of Montreal’s Frank and Oak closing all stores and planning to sell it’s intellectual property. My story on them from 2018 covers the company’s early progression, particularly in Vancouver. #retail

Spoke with many in BC.’s tourism sector pushing for action on taxes, immigration, labour and other issues as federal election nears www.biv.com/news/bc-tour...

B.C. billionaire Weihong Liu reportedly set to declare if her Central Walk has intent to buy the Hudson’s Bay by April 7, hold press conference April 18. #retail #HBC www.thestar.com/business/a-o...

Some insight from retail analysts on why the Bay collapsed into creditor protection: -lack of proprietary products; and -hedge fund owners.

Took a look at what the Hudson's Bay Co.'s slated closure means for the neighbourhood. One retail analyst said area has "pretty dire" outlook but there are signs of vitality further down Granville Street. #retail #YVRre

Congrats to Jeff Guignard, who is set to be the Wine Growers British Columbia CEO starting at the end of the month, after 11 years heading the Alliance of Beverage Licensees (ABLE BC). #BCwine Spoke to him and wrote this:

Visits to downtown Vancouver fell 7.8 per cent y/y in 2024, according to new data derived largely from mobile phone pings. Perhaps surprisingly, it was Granville Street that performed the best, with visits up 11.6 per cent. #retail #YVRre

Here's why Okanagan wineries are planting what they consider to be hardier grape varieties. #BCwine #agriculture #wine

Here's how more non-stop flights between Vancouver and mainland China are fueling a rise in Chinese nationals' visits. Those visits are important to tourism as those visitors tend to spend more than any others. #travel #tourism #BCecon

Lots going on with Vancouver's Well Health. Its shares tank as U.S. investigates its billing practices. It also plans to proceed with an acquisition. Its medical patient count is at an all-time high, and it is planning to split into two. #BCtech #technology

Why the large B.C. grocery chain Georgia Main Food Group, which owns the Fresh Street Market and IGA Marketplace banners, is newly without a president. #retail #ExecutiveMoves

It takes something extraordinary for Metro Vancouver hotels to not be the most occupied and priciest among major Canadian markets. February data shows the region still has the priciest and most occupied hotel rooms among major Canadian centres. #tourism

Great news for hotel advocates in Vancouver as Reliance Properties and Germain Hotels plan to convert an office building at Thurlow/West Hastings into a hotel. Reliance CEO Jon Stovell told me no rezoning is needed, just a minor development permit and a building permit. #hotels #YvrRE

Here's how Flair Airlines is upping its flight frequencies out of Vancouver and Abbotsford airports #travel #aviation #tourism

Looked into how Vancouver tourism organizations collaborate to capitalize on major events in the lead-up to this weekend's Juno Awards #tourism #travel #JUNOS

High cost of living hits small business owners two ways. First, consumers are cutting discretionary spending. Second, the cost to hire employees has also gone up as the workers need more income to finance sky-high Vancouver rents. #smallbiz #BCpoli

Some B.C. winery owners view Alberta's hike to wine taxes as an interprovincial trade barrier. They are angling for a showdown. One told me he may sell direct to Alberta consumers and not collect/remit any tax to the Alberta government #BCwine #cdnpoli

In the eighth year of Bonnis Properties discussing a project to redevelop the 800-block of Granville Street with the city, principal Kerry Bonnis told me why he seeks quick approval for a revamped project above Commodore Ballroom #YvrRE #vanpoli

Congrats to Mat Povse, who is now president at Vancouver-based Best Buy Canada #retail

Looked into a few specific ways B.C. craft distillers, which use 100% B.C. ingredients, are treated differently and more harshly by the B.C. government, compared with BC VQA wineries, which in normal years must use 100% B.C. ingredients. #retail #BCpoli

Found this at the Vancouver courthouse: West Vancouver Mayor Mark Sager is suing former business partners for more than $1M #BCpoli #WestVancouver

Quirky red tape lives on at the BCLDB. Restaurants cannot buy alcohol from private stores. It's an issue Premier Eby looked into and was readying to change when he was AG. Nothing happened. Restaurateurs, private store owners want action. #BCpoli #BCwine #wine

Check out my look at how today's official S&P 500 market correction carries an ominous sign for tourism: hotels, airlines & online travel companies' shares are down more than broader market since Feb. 19 all-time high. Canada just had first monthly visitor decline in nearly 4 years. #tourism #travel

Interprovincial trade barriers appear poised to fall but the maximum penalty for B.C. wineries directly selling wine to Ontario customers remains $250,000. The premiers need to convert their bold talk into action. #BCwine #tariffs #cdnpoli #interprovincial

Labelling on B.C. wine bottles has come a long way in past decade, with new appellations and sub-appellations. But some recommendations of the BC Wine Appellation Task Group, which passed in a plebiscite, remain yet to be enacted #BCwine #marketing @mikeklassen.bsky.social

Exciting times for North Vancouver's Novarc as it just netted $50M to advance its AI-powered machine learning technology for automated welding robots. AI robot tech is hot, as other investors are pouring money into the niche. #AI #robots #technology

Bad news for North Vancouver's Capilano Suspension Bridge, as it is being sued for allegedly not paying a vendor $231K. They are not commenting on the lawsuit. #lawsuits #tourism

Surrey's HealthTech Connex nets $3.7M in financing to expand brain-health business #technology #BCtech

Check out my look at how soaring coffee prices are giving Vancouver roasters and coffee shop owners the jitters. Price increases, some say, have yet to be fully passed on to consumers #coffee #retail #manufacturing #agriculture

Times appear tough for Vancouver's Mountain Equipment Co., which I've heard is trying to find a new owner. Many of MEC's suppliers say the iconic outdoor-wear retailer is behind in paying its invoices. I found several who have launched lawsuits. #lawsuits #retail #MEC