Bruce Winder
@brucewinder.bsky.social
Retail Analyst, Media Commentator, Author, Consultant, Speaker, Neurodiverse
I was interviewed on CityNews Toronto regarding the tentative agreement between Canada Post / Postes Canada & the union #retail #ecommerce #canadapost #couriers #holidayshopping #supplychain
toronto.citynews.ca/2025/11/23/s...
toronto.citynews.ca/2025/11/23/s...
Small businesses, shoppers say they have lost faith in Canada Post
Janet Wright is the owner of FloorPlay Socks, a boutique sock shop with multiple locations in the GTHA. At her Queen West shop, she welcomes news of a possible deal between Canada Post and the union r...
toronto.citynews.ca
November 24, 2025 at 12:35 PM
I was interviewed on CityNews Toronto regarding the tentative agreement between Canada Post / Postes Canada & the union #retail #ecommerce #canadapost #couriers #holidayshopping #supplychain
toronto.citynews.ca/2025/11/23/s...
toronto.citynews.ca/2025/11/23/s...
Double Click: @Target Q3 2025 Earnings Review & Commentary
🎧 I listened to the 🎯 Target (NYSE: TGT) Q3 2025 earnings call on November 19th.
brucewinderretail.substack.com/p/double-cli...
🎧 I listened to the 🎯 Target (NYSE: TGT) Q3 2025 earnings call on November 19th.
brucewinderretail.substack.com/p/double-cli...
Double Click: Target Corp. Q3 2025 Earnings Review & Commentary
Comps down - 2.7%. Operating income down -18.9%. Will spend an additional $ 1 billion on capex in 2026 to improve stores, add technology. Wants to get back to being a design-led company.
brucewinderretail.substack.com
November 23, 2025 at 10:10 PM
Double Click: @Target Q3 2025 Earnings Review & Commentary
🎧 I listened to the 🎯 Target (NYSE: TGT) Q3 2025 earnings call on November 19th.
brucewinderretail.substack.com/p/double-cli...
🎧 I listened to the 🎯 Target (NYSE: TGT) Q3 2025 earnings call on November 19th.
brucewinderretail.substack.com/p/double-cli...
🏚 Double Click: @HomeDepot Inc. Q3 2025 Earnings Review & Commentary
📈 Comps up + .2% as lack of storm activity🌂, a slow housing market🏠 and a cautious consumer👤 hurt demand.
💵 Operating income down - 1.2%.
See my note below:
brucewinderretail.substack.com/p/double-cli...
📈 Comps up + .2% as lack of storm activity🌂, a slow housing market🏠 and a cautious consumer👤 hurt demand.
💵 Operating income down - 1.2%.
See my note below:
brucewinderretail.substack.com/p/double-cli...
Double Click: Home Depot Inc. Q3 2025 Earnings Review & Commentary
Comps up + .2% as lack of storm activity, a slow housing market and a cautious consumer hurt demand. Operating income down - 1.2%. GMS starting to impact financials.
brucewinderretail.substack.com
November 21, 2025 at 9:40 PM
🏚 Double Click: @HomeDepot Inc. Q3 2025 Earnings Review & Commentary
📈 Comps up + .2% as lack of storm activity🌂, a slow housing market🏠 and a cautious consumer👤 hurt demand.
💵 Operating income down - 1.2%.
See my note below:
brucewinderretail.substack.com/p/double-cli...
📈 Comps up + .2% as lack of storm activity🌂, a slow housing market🏠 and a cautious consumer👤 hurt demand.
💵 Operating income down - 1.2%.
See my note below:
brucewinderretail.substack.com/p/double-cli...
Double Click: @loblawco Q3 2025 Earnings Review & Commentary
📈 Revenue up + 4.6% driven by 🍞 Food up + 4.8% & 💊 Drug up + 3.8%.
💵 Operating income up + 4.2%.
@nofrillsCA
#retail #grocery #loblaw #nofrills
open.substack.com/pub/brucewin...
📈 Revenue up + 4.6% driven by 🍞 Food up + 4.8% & 💊 Drug up + 3.8%.
💵 Operating income up + 4.2%.
@nofrillsCA
#retail #grocery #loblaw #nofrills
open.substack.com/pub/brucewin...
Double Click: Loblaw Companies Limited Q3 2025 Earnings Review & Commentary
Revenue up + 4.6% driven by Food up + 4.8% & Drug up + 3.8%. Operating income up + 4.2%. Hard Discount driving growth. New Shoppers Drug Mart President announced.
open.substack.com
November 20, 2025 at 3:51 PM
Double Click: @loblawco Q3 2025 Earnings Review & Commentary
📈 Revenue up + 4.6% driven by 🍞 Food up + 4.8% & 💊 Drug up + 3.8%.
💵 Operating income up + 4.2%.
@nofrillsCA
#retail #grocery #loblaw #nofrills
open.substack.com/pub/brucewin...
📈 Revenue up + 4.6% driven by 🍞 Food up + 4.8% & 💊 Drug up + 3.8%.
💵 Operating income up + 4.2%.
@nofrillsCA
#retail #grocery #loblaw #nofrills
open.substack.com/pub/brucewin...
Check out my @McDonalds detailed Q3 earnings call review & summary #retail #mcdonalds #qsr #foodservice #earnings #finance #WallStreet
brucewinderretail.substack.com/p/double-cli...
brucewinderretail.substack.com/p/double-cli...
Double Click: McDonald's Corp. Q3 2025 Earnings Review & Commentary
Revenues up + 3%, Operating Income up + 5%, Net Income up + 1%. Challenges with lower-income consumer traffic in US market. Using Everyday Value Meals, Monopoly & Menu Innovation to build momentum.
brucewinderretail.substack.com
November 13, 2025 at 1:26 AM
Check out my @McDonalds detailed Q3 earnings call review & summary #retail #mcdonalds #qsr #foodservice #earnings #finance #WallStreet
brucewinderretail.substack.com/p/double-cli...
brucewinderretail.substack.com/p/double-cli...
I was interviewed in @globalnewsto about what we can expect this holiday season & if loyalty programs play a role in where we shop.
#retail #holiday2025 #loyalty
globalnews.ca/news/1151465...
#retail #holiday2025 #loyalty
globalnews.ca/news/1151465...
Can loyalty and points programs help ease the pinch of holiday spending? - National | Globalnews.ca
Loyalty programs can be a good way for consumers to potentially save money during the holiday season, but experts say it's not as easy as just signing up.
globalnews.ca
November 8, 2025 at 7:02 PM
I was interviewed in @globalnewsto about what we can expect this holiday season & if loyalty programs play a role in where we shop.
#retail #holiday2025 #loyalty
globalnews.ca/news/1151465...
#retail #holiday2025 #loyalty
globalnews.ca/news/1151465...
Loblaw launched a 3 store pilot this week in Toronto called “pcogo” where PC Optimum members with 30,000 lifetime points can use their phone to tally up groceries as they shop & have a view to points collected.
#loblaw #grocery #convenience
www.ctvnews.ca/toronto/arti...
#loblaw #grocery #convenience
www.ctvnews.ca/toronto/arti...
Loblaw launches ‘pcogo’ pilot at select Toronto No Frills grocery stores. What is it?
Loblaw is launching a fresh new grocery shopping experience at three of its downtown Toronto No Frills stores to save their customers time, but will they bite?
www.ctvnews.ca
November 7, 2025 at 2:30 PM
Loblaw launched a 3 store pilot this week in Toronto called “pcogo” where PC Optimum members with 30,000 lifetime points can use their phone to tally up groceries as they shop & have a view to points collected.
#loblaw #grocery #convenience
www.ctvnews.ca/toronto/arti...
#loblaw #grocery #convenience
www.ctvnews.ca/toronto/arti...
Check out my review & commentary on Amazon’s Q3 earnings: #retail #amazon #ecommerce #agenticai
brucewinderretail.substack.com/p/double-cli...
brucewinderretail.substack.com/p/double-cli...
Double Click: Amazon Q3 2025 Earnings Review & Commentary
Building Capacity with approximately $ 125 Billion CAPEX for FY 2025. AWS up +20%. Faster Delivery & Rural Delivery with Amazon Stores. Perishables Expanding to 2,300 US Cities by end of 2025.
brucewinderretail.substack.com
November 5, 2025 at 3:54 PM
Check out my review & commentary on Amazon’s Q3 earnings: #retail #amazon #ecommerce #agenticai
brucewinderretail.substack.com/p/double-cli...
brucewinderretail.substack.com/p/double-cli...
I listened to the Starbucks earnings call last week. See my summary & comments below. #retail #starbucks #qsr #finance
brucewinderretail.substack.com/p/double-cli...
brucewinderretail.substack.com/p/double-cli...
Double Click: Starbucks Q4 & Fiscal 2025 Earnings Review & Commentary
Progress on the Top Line. Profits Down Considerably. Investing For Potential Turnaround through "Green Apron Service" standard & more Labor Hours.
brucewinderretail.substack.com
November 1, 2025 at 4:41 PM
I listened to the Starbucks earnings call last week. See my summary & comments below. #retail #starbucks #qsr #finance
brucewinderretail.substack.com/p/double-cli...
brucewinderretail.substack.com/p/double-cli...
I was interviewed on @CHCHNews Hamilton Friday regarding Halloween trends this year including inflation, shrinkflation & thrifting. See link below
www.chch.com/chch-news/ca...
#retail #halloween #inflation #shrinkflation
www.chch.com/chch-news/ca...
#retail #halloween #inflation #shrinkflation
Canadian shoppers caught up in Halloween horror frenzy
It's that time of year again when ghosts, goblins, and ghouls take over the streets and Halloween fever sweeps across the nation.
www.chch.com
November 1, 2025 at 2:51 PM
I was interviewed on @CHCHNews Hamilton Friday regarding Halloween trends this year including inflation, shrinkflation & thrifting. See link below
www.chch.com/chch-news/ca...
#retail #halloween #inflation #shrinkflation
www.chch.com/chch-news/ca...
#retail #halloween #inflation #shrinkflation
Thanks to TheStreet for the quote via Yahoo Finance regarding regarding the US grocery industry #retail #grocery
finance.yahoo.com/news/142-old...
finance.yahoo.com/news/142-old...
142-year-old grocery chain/supermarket closing 39 locations
In today's economy, consumers are being choosier about how they spend their money. That makes sense, given the way inflation and tariffs are driving costs up for just about everybody. Think about it t...
finance.yahoo.com
November 1, 2025 at 12:41 PM
Thanks to TheStreet for the quote via Yahoo Finance regarding regarding the US grocery industry #retail #grocery
finance.yahoo.com/news/142-old...
finance.yahoo.com/news/142-old...
Happy Halloween! Throwback from a few years ago when I was member of the “Sons of Retail” gang. We were also known as the “Men of Markdown”. #retail #halloween
October 31, 2025 at 12:56 PM
Happy Halloween! Throwback from a few years ago when I was member of the “Sons of Retail” gang. We were also known as the “Men of Markdown”. #retail #halloween
Check out my Levi’s Q3 earnings review & commentary #retail #levis
brucewinderretail.substack.com/p/double-cli...
brucewinderretail.substack.com/p/double-cli...
Double Click: Levi Strauss & Co. Q3 2025 Earnings Review & Commentary
Strong net revenue growth driven by international, gross profit & net income up, off a challenging 2024 which included an impairment charge. Distribution transitioning to DTC & wholesale.
brucewinderretail.substack.com
October 30, 2025 at 3:32 PM
Check out my Levi’s Q3 earnings review & commentary #retail #levis
brucewinderretail.substack.com/p/double-cli...
brucewinderretail.substack.com/p/double-cli...
Zellers 3.0 is launching Thursday in North Edmonton with one store. I am very curious as to what price point & brand strategy they will employ and what the reaction from shoppers will be. I was on CTV News to discuss #retail #zellers #discount
www.ctvnews.ca/video/2025/1...
www.ctvnews.ca/video/2025/1...
‘Zellers’ returns, but the chain will have to ‘earn its keep’ with Canadian customers: retail expert
Retail expert Bruce Winder says nostalgia and Canadiana may not be enough for previous customers to return if prices aren’t competitive.
www.ctvnews.ca
October 29, 2025 at 7:40 PM
Zellers 3.0 is launching Thursday in North Edmonton with one store. I am very curious as to what price point & brand strategy they will employ and what the reaction from shoppers will be. I was on CTV News to discuss #retail #zellers #discount
www.ctvnews.ca/video/2025/1...
www.ctvnews.ca/video/2025/1...
Double Click: Tractor Supply Co. Q3 2025 Earnings Review & Commentary
👏 Great Q3 Results. Net sales were up + 7.2% to $ 3.72 billion, a record for Q3.
See my post below:
#retail #tractorsupplyco #rural #finance #q3earnings #wallstreet #profit
brucewinderretail.substack.com/p/double-cli...
👏 Great Q3 Results. Net sales were up + 7.2% to $ 3.72 billion, a record for Q3.
See my post below:
#retail #tractorsupplyco #rural #finance #q3earnings #wallstreet #profit
brucewinderretail.substack.com/p/double-cli...
Double Click: Tractor Supply Co. Q3 2025 Earnings Review & Commentary
Great Q3 Results. Profitable Rural Business Model. Financial Results Highly Subject to Weather Patterns.
brucewinderretail.substack.com
October 27, 2025 at 5:39 PM
Double Click: Tractor Supply Co. Q3 2025 Earnings Review & Commentary
👏 Great Q3 Results. Net sales were up + 7.2% to $ 3.72 billion, a record for Q3.
See my post below:
#retail #tractorsupplyco #rural #finance #q3earnings #wallstreet #profit
brucewinderretail.substack.com/p/double-cli...
👏 Great Q3 Results. Net sales were up + 7.2% to $ 3.72 billion, a record for Q3.
See my post below:
#retail #tractorsupplyco #rural #finance #q3earnings #wallstreet #profit
brucewinderretail.substack.com/p/double-cli...
Thanks for the interview!
Amid rising grocery prices in Canada, who is making the biggest profit? Retail analyst @brucewinder.bsky.social joined Andrew Carter:
Amid rising grocery prices in Canada, who is making the biggest profit? - The Andrew Carter Podcast | iHeart
<p>New numbers show food inflation was up 4% in September compared to the same time last year, and that follows months of steady increases since the spring. While Canadians are struggling to afford th...
www.iheart.com
October 27, 2025 at 2:36 PM
Thanks for the interview!
Mattel Inc. Q3 2025 Earnings Review & Commentary
See my note below:
brucewinderretail.substack.com/p/mattel-inc...
#mattel #toys
#entertainment
#barbie #hotwheels
#fisherprice #kpopdemonhunters
#frozen #disneyprincess
#finance #q3earnings
#retail
See my note below:
brucewinderretail.substack.com/p/mattel-inc...
#mattel #toys
#entertainment
#barbie #hotwheels
#fisherprice #kpopdemonhunters
#frozen #disneyprincess
#finance #q3earnings
#retail
Mattel Inc. Q3 2025 Earnings Review & Commentary
US Tariffs Shifted Retailer Orders Later. Q3 Financials Down. Waiting on Consumer & Retailers to Drive Shipments Before Year End.
brucewinderretail.substack.com
October 24, 2025 at 2:59 PM
Mattel Inc. Q3 2025 Earnings Review & Commentary
See my note below:
brucewinderretail.substack.com/p/mattel-inc...
#mattel #toys
#entertainment
#barbie #hotwheels
#fisherprice #kpopdemonhunters
#frozen #disneyprincess
#finance #q3earnings
#retail
See my note below:
brucewinderretail.substack.com/p/mattel-inc...
#mattel #toys
#entertainment
#barbie #hotwheels
#fisherprice #kpopdemonhunters
#frozen #disneyprincess
#finance #q3earnings
#retail
Was interviewed on CTV Atlantic Thursday regarding WestJet passengers now needing to upgrade seats to be able to recline. What’s next paying to use the washroom? #airlines #westjet #segmentation #tieredpricing
www.ctvnews.ca/atlantic/art...
www.ctvnews.ca/atlantic/art...
‘It’s disheartening:’ WestJet to charge for reclined seats starting this month
WestJet passengers will soon notice changes to some flights, as the airline prepares to reconfigure 43 acquired aircrafts that are currently all-economy.
www.ctvnews.ca
October 24, 2025 at 12:47 PM
Was interviewed on CTV Atlantic Thursday regarding WestJet passengers now needing to upgrade seats to be able to recline. What’s next paying to use the washroom? #airlines #westjet #segmentation #tieredpricing
www.ctvnews.ca/atlantic/art...
www.ctvnews.ca/atlantic/art...
Thanks to Retail Insider for publishing my analysis on CPG vs. Canadian Grocer margins. #retail #food #packagedgoods #cpg #grocers #profitability
retail-insider.com/retail-insid...
retail-insider.com/retail-insid...
Canadian grocery vs. global CPG - Who makes more profit & is it Changing?
Explore the grocery debate: Who profits more, grocers or consumer packaged goods companies? Discover the financial dynamics.
retail-insider.com
October 23, 2025 at 1:01 PM
Thanks to Retail Insider for publishing my analysis on CPG vs. Canadian Grocer margins. #retail #food #packagedgoods #cpg #grocers #profitability
retail-insider.com/retail-insid...
retail-insider.com/retail-insid...
Was in Vancouver last week and visited the popular Din Tai Fung North America restaurant. Great ambiance and sight lines. Massive space with incredible customer service. #retail #foodservice #restaurants #vibe #customerservice #layout
October 22, 2025 at 12:56 PM
Was in Vancouver last week and visited the popular Din Tai Fung North America restaurant. Great ambiance and sight lines. Massive space with incredible customer service. #retail #foodservice #restaurants #vibe #customerservice #layout
Canadian Grocery vs. Global CPG - Who Makes More Profit & Is It Changing?
See note below:
#retail #grocery #cpg #fastmovingconsumergoods #margins #finance #price
brucewinderretail.substack.com/p/canadian-g...
See note below:
#retail #grocery #cpg #fastmovingconsumergoods #margins #finance #price
brucewinderretail.substack.com/p/canadian-g...
Canadian Grocery vs. Global CPG - Who Makes More Profit & Is It Changing?
With Grocery Prices Going Up Again, One Must Ask: Which Party, Canadian Grocers or Big CPG Companies, Makes More Money & Who Is Growing Their Margins?
brucewinderretail.substack.com
October 20, 2025 at 4:40 PM
Canadian Grocery vs. Global CPG - Who Makes More Profit & Is It Changing?
See note below:
#retail #grocery #cpg #fastmovingconsumergoods #margins #finance #price
brucewinderretail.substack.com/p/canadian-g...
See note below:
#retail #grocery #cpg #fastmovingconsumergoods #margins #finance #price
brucewinderretail.substack.com/p/canadian-g...
Thanks to this beautiful lady for saying “I do” 34 years ago today! Love you Karen.
October 19, 2025 at 3:50 PM
Thanks to this beautiful lady for saying “I do” 34 years ago today! Love you Karen.
Thanks to NBC News for reaching out for research for this story on Halloween 2025 best deals! #retail #halloween #halloween2025 #value #inflation #promotions
www.today.com/video/hallow...
www.today.com/video/hallow...
October 16, 2025 at 12:19 PM
Thanks to NBC News for reaching out for research for this story on Halloween 2025 best deals! #retail #halloween #halloween2025 #value #inflation #promotions
www.today.com/video/hallow...
www.today.com/video/hallow...