Canadian fulfillment means purchasing large shipments overseas, then importing them to Canada, where they’re held by a third party until you receive an order and they ship it out. While it seems like a rather roundabout way of doing business, there’s a reason it’s becoming increasingly popular among U.S. businesses: It saves you money.
Stalco, a Toronto-based 3PL specializing in fulfillment and distribution for high-velocity ecommerce clients in Canada, the U.S. and abroad, has been acquired by Canada Cartage. Stalco will become a standalone unit within CCLS, Canada Cartage’s fulfillment and distribution division, and operated independently.
A former Macy’s executive and a Wall Street veteran have teamed up to start a retail acquisition and advisory group that’s looking to build up a stable of purpose-driven brands it can help scale and grow globally. The group launched with the acquisition of distressed Canadian apparel brand Frank and Oak, which closed on Oct. 8.