After 70 years in business, NDG store says reserved bus lane hastened closure – Montreal

A store in Montreal’s Côte-des-Neiges-NDG borough, that’s been operating for over 70 years, says it’s closing its doors because a new bus lane has hurt business.

The city installed reserved lanes during rush hour on Queen Mary in November of 2022.

Back then, merchants worried aloud that their customers wouldn’t be able to find parking. Now they say their fears have become reality.

“Everything has dropped off at least 25 per cent,” said Barbara Vininsky, owner of Jack and Jill.

Vininsky takes pride in selling what’s trending in the world of kids.

“The customers, they’re like my friends. I have a relationship with them,” she lovingly said.

The business has taken various forms since her mother opened it in 1945, but she says now its storied history as a storefront is over.  She’s closing in a few months, in large part because she claims a reserved bus lane implemented on Queen Mary Road in 2022 has been bad for business.

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During the afternoon rush when parents would drop in with their kids, the parking spots right in front of the store are eliminated to facilitate public transit mobility.

“When they can’t find a parking spot, they just keep going, so you lose all that business,” she said.


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Back when it was announced, Vininsky and others petitioned against the lane. The Punjab Canteen restaurant says it has hurt them, too

“It’s been a very big loss in our business,” said chef Manjeet Kumar.

Kumar said customers have received parking-related fines, and sometimes delivery drivers just don’t pick orders up at all because there’s nowhere to stop.

“I don’t think it reduces parking, they’re just going to have to look for it,” said public transit user Marlene Miolich. “There’s lots of side streets here and buses are imperative.”

When Vininsky announced the closure online, dozens of sad comments poured in.

“I’m very sad because I have to find another job,” said Hazel Young, who has been working at Jack and Jill for 23 years.

Snowdon city councillor Sonny Moroz said he had shopped at Jack and Jill as a child.

“My sister bought all her Beanie Babies there, and to lose it is to lose a landmark institution on an important commercial artery,” he said.

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Moroz voted in favour

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FBI informant charged with lying about Bidens’ role in Ukraine business | FBI

An FBI informant has been charged with lying to his handler about ties between Joe Biden, his son Hunter and a Ukrainian energy company.

Alexander Smirnov falsely told FBI agents in June 2020 that executives associated with the Ukrainian energy company Burisma paid Hunter and Joe Biden $5m each in 2015 and 2016, prosecutors said on Thursday.

Smirnov told the FBI that a Burisma executive had claimed to have hired Hunter Biden to “protect us, through his dad, from all kinds of problems”, prosecutors said in a statement.

The allegations became a flashpoint in Congress over the summer as Republicans demanded the FBI release the unredacted form documenting the allegations as they pursued investigations of Biden and his family. They acknowledged at the time that it was unclear if the allegations were true.

The new development sharply undermines the thrust of congressional Republicans’ corruption accusations that the US president was making money from his son Hunter’s business dealings in Ukraine.

Smirnov, 43, appeared in court in Las Vegas briefly on Thursday after being charged with making a false statement and creating a false and fictitious record. He did not enter a plea. The judge ordered the courtroom cleared after federal public defender Margaret Wightman Lambrose requested a closed hearing for arguments about sealing court documents. She declined to comment on the case.

The charges were filed by the justice department special counsel David Weiss, who has separately charged Hunter with firearm and tax violations.

Hunter’s legal team did not immediately return a message seeking comment.

The informant’s claims have been central to the Republican effort in Congress to investigate the president and his family, and helped spark what is now a House impeachment inquiry into Biden.

Prosecutors say Smirnov had contact with Burisma executives, but it was routine and actually took place in 2017, after Barack Obama, the US president, and Biden, his vice-president, had left office – when Biden would have had no ability to influence US policy.

Smirnov “transformed his routine and unextraordinary business contacts with Burisma in 2017 and later into bribery allegations against public official 1, the presumptive nominee of one of the two major political parties for president, after expressing bias against public official 1 and his candidacy,” the indictment said.

He repeated some of the false claims when he was interviewed by FBI agents in September last year and changed his story about others

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Should Your Business Hop on the Latest Trend? Nine Ways to Decide

Trends come and pass, with customers eventually losing interest or forgetting why a particular thing was popular in the first place. Your business, however, should have true staying power. Regardless of the time or place, customers should want to continue buying your products or services because of the distinct value they provide — not because you participated in a trend.

But trends can also have their place, providing business leaders with the opportunity to reach new audiences and freshen up their marketing. That said, how is a business leader to know when it’s appropriate to hop on a trend and when it’s not? To shed some light, top business leaders from Rolling Stone Culture Council offer their perspective on the issue, each discussing one tip they’d offer fellow business leaders for how to determine whether a trend will benefit your business or detract from it.

Go With Your Gut

Trends are well and good, but always stay true to yourself. Ultimately, following trends should depend on your business goals and whether the trends align with them. So, go with your gut and do what feels right for you, your values and your business. – Mark Paulda, Mark Paulda & Co

Ensure It Benefits Your Brand

If the trend benefits your business and the direction you’re heading in, I say go for it. More importantly, don’t feel the need to adopt a trend just because it’s new and fresh. Brand alignment is key. – Karina Michel Feld, Tallulah Films

Ask if It Resonates With Your Customers

Assess the trend’s relevance to your audience and brand values. Whether it’s memes or broader consumer trends, only adopt them if they resonate with your customers. Quick adoption is crucial if the trend aligns, but if not, skipping ensures you stay authentic to your brand and maintain focus on what genuinely interests your target audience. – Dan Serard, Cannabis Creative Group

Consider the Trend’s ‘Why’

Trends come and go — but when read correctly, they provide important business insights. As a body jewelry manufacturer, we predict what people want to wear. However, a consumer chooses to wear butterflies or titanium for very different reasons: A butterfly is a style preference, and titanium is a health decision. Adding more butterflies is a seasonal change; expanding our titanium is a commitment of ideals. – Vanessa Nornberg, Metal Mafia

The Rolling Stone

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Today’s news: Trending business stories for February 15, 2024

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RBI expects to have 40,000 restaurants, $60 billion in sales by 2028

Restaurant Brands International Inc. says it expects its quick-serve empire to span 40,000 restaurants and achieve a collective US$60 billion in sales by 2028.

The Tim Hortons, Burger King, Popeyes Louisiana Kitchen and Firehouse Subs owner has about 30,000 restaurants these days and in its most recent financial year saw US$42.8 billion in system-wide sales.

Speaking at an investor day event in New York today, RBI executives said they expect the company’s adjusted operating income to hit $3.2 billion by 2028, up

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What happened to Shopify’s stock that shocked analysts? Take our business quiz for the week of February 16

Welcome to The Globe and Mail’s business and investing news quiz. Join us each week to test your knowledge of the stories making the headlines. Our business reporters come up with the questions, and you can show us what you know.

This week: Earning season continued. The Canada Pension Plan Investment Board reported that it earned 3.4 per cent in its latest quarter. It ended 2023 with nearly $591-billion in assets, up from $576-billion at the end of the previous quarter. Meanwhile, Toronto-based Restaurant Brands International (RBI) reported on Tuesday that its net income more than doubled in the fourth quarter, to US$726-million compared with US$336-million in the same period the prior year. And Canadian Tire Corp. reported a 67.6-per-cent decline in net income in its fourth quarter.

Also: An audit drew some sharp words, Amazon’s founder drew some raised eyebrows and Lyft drew some (brief) excitement.


1“This audit shows a glaring disregard for basic management and contracting practices.” Who said that this week?

a. Conservative leader Pierre Poilievre

b. Ontario Liberal Leader Bonnie Crombie

c. Prime Minister Justin Trudeau

d. Auditor General of Canada Karen Hogan

d. Auditor General of Canada Karen Hogan. Ms. Hogan lambasted Canada Border Services for its slipshod development of the ArriveCan app during the pandemic. The agency spend just $80,000 to create the initial version of the smartphone app, but allowed the subsequent cost to swell to an estimated $59.5-million as a result of poorly documented contracts with private developers and consultants.

2Shopify, the Canadian e-commerce company, announced earnings this week that blew away analysts’ expectations. What did its stock do?

a. It rose

b. It barely budged

c. It fell a little

d. It plunged

d. It plunged. Shopify stock tumbled 13 per cent despite double-digit revenue growth and impressive profitability. Investors were not impressed by its outlook for the months ahead.

3What is Sun Day Red?

a. Tiger Woods’ new clothing line

b. An album of pop songs from Travis Kelce, the football player who is dating Taylor Swift

c. A new TV series in which China uses a space-mounted mirror to threaten the world with solar annihilation

d. Meta Platforms’ code name for virtual reality software

a. Tiger Woods’ new clothing line. Mr. Woods ended his 27-year partnership with Nike earlier this year. The golfer is teaming up with TaylorMade Golf to develop his new line.

4

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