Canadian retailer sees demand rise as high-end consumers cut costs

As high interest rates weigh on household spending in Canada, the CEO of Toronto-based fashion retailer Smythe says the company is seeing rising demand for blazers. “We’ve actually had a very interesting fall as we’ve seen extremely robust growth,” Kathryn From told in BNN Bloomberg in a Tuesday interview. Smythe’s blazers, which cost around $800, are attracting new customers as shoppers who would normally buy more expensive designer brands are cutting costs, From said. “You get a lot of women who would have been buying on the designer level happily spending three to four thousand dollars on a blazer, now … not wanting to spend that much money,” said From. “This has actually been an inte

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