DavidsTea | Jotup

DAVIDsTEA Deepens Sustainability Commitment and Introduces New Compostable Packaging

Retrieved on:

Monday, April 22, 2024

Sustainability, DTEA, Collection, DavidsTea, Tea, Recycling

MONTREAL, April 22, 2024 (GLOBE NEWSWIRE) -- DAVIDsTEA Inc. (TSXV:DTEA) (“DAVIDsTEA” or the “Company”), a leading tea merchant in North America, is proud to announce the launch of its compostable loose leaf packaging for its Garden to Cup tea collection. Building on its current global offering of 100% recyclable printed tea packaging and plastic-free sachet offering, the Company continues to transition to compostable and regenerative materials.

Key Points:

Building on its current global offering of 100% recyclable printed tea packaging and plastic-free sachet offering, the Company continues to transition to compostable and regenerative materials.
DAVIDsTEA aims to be a leader in the tea industry through implementing a variety of waste reduction initiatives from packaging materials to compostable shipping envelopes for non-breakable orders.
For this reason, compostable packaging is first being introduced in the Company's Garden to Cup tea collection.
Follow DAVIDsTEA (@davidstea) on Instagram , Facebook , TikTok , and LinkedIn , and visit their Sustainability page for continued updates on their efforts.

DAVIDsTEA Launches “Tea-2-Go” at over 1,500 Couche-Tard/Circle K Stores Across Canada

Retrieved on:

Tuesday, March 19, 2024

Cream, DTEA, Partnership, Gastrointestinal tract, Transport, Alimentation Couche-Tard, DavidsTea, TSX, Drink, Snack, Herbal, Tea

In addition, DAVIDsTEA will establish a full tea bar concept at seven Couche-Tard stores to offer a wide variety of hot and iced teas.

Key Points:

In addition, DAVIDsTEA will establish a full tea bar concept at seven Couche-Tard stores to offer a wide variety of hot and iced teas.
“We are proud to become the exclusive supplier of high-quality teas across Canada to an industry leader like Couche-Tard,” said Sarah Segal, Chief Executive Officer and Chief Brand Officer, DAVIDsTEA.
“This landmark agreement enables DAVIDsTEA to introduce a whole new segment of customers to our wide variety of flavourful teas.
We are very pleased with this new partnership,” said Daniel Lapalme, Foodservice Director, Eastern Canada Division, Alimentation Couche-Tard.

DAVIDsTEA Reports Financial Results for Third Quarter of Fiscal 2023

Retrieved on:

Tuesday, December 12, 2023

Online, Capital expenditure, Digital, Software, Hand, Marketing, Fiscal, DavidsTea, DTEA, Capital, Stop & Shop

Sales for the third quarter of Fiscal 2023 decreased by $4.0 million, or 24.9%, to $12.1 million.

Key Points:

Sales for the third quarter of Fiscal 2023 decreased by $4.0 million, or 24.9%, to $12.1 million.
Gross profit dropped by 18.8% to $4.6 million in the third quarter of Fiscal 2023 from the prior year quarter due to lower sales.
EBITDA was negative $2.8 million in the quarter ended October 28, 2023, compared to negative $3.8 million in the prior year quarter.
Net loss totaled $3.7 million in the quarter ended October 28, 2023, compared to a net loss of $4.7 million in the prior year quarter.

DAVIDsTEA Appoints Chief Digital Officer to Drive Online Sales

Retrieved on:

Wednesday, December 6, 2023

Customer experience, Digital, Multimedia, University, Human, Growth, DavidsTea, DTEA, Organization, Communication

MONTREAL, Dec. 06, 2023 (GLOBE NEWSWIRE) -- DAVIDsTEA Inc. (TSX-Venture: DTEA) (“DAVIDsTEA” or the “Company”), a leading tea merchant in North America, announced today the appointment of Damon Sloane as Chief Digital Officer to drive online sales and enhance overall customer experience.

Key Points:

MONTREAL, Dec. 06, 2023 (GLOBE NEWSWIRE) -- DAVIDsTEA Inc. (TSX-Venture: DTEA) (“DAVIDsTEA” or the “Company”), a leading tea merchant in North America, announced today the appointment of Damon Sloane as Chief Digital Officer to drive online sales and enhance overall customer experience.
Mr. Sloane previously served as Vice-President of e-Commerce and Customer Experience at DAVIDsTEA and oversaw a period of significant online sales growth at the Company.
“We are excited that Damon will be spearheading digital innovation at DAVIDsTEA, while acting as an agent of change throughout the organization to better serve our online customers,” said Sarah Segal, Chief Executive Officer and Chief Brand Officer, DAVIDsTEA.
His focus on being the voice of the customer, combined with a data-driven approach, will enable DAVIDsTEA to optimize a frictionless digital experience and accelerate revenue growth.”

DAVIDsTEA Expands Tea Footprint in Canadian Wholesale Market

Retrieved on:

Tuesday, December 5, 2023

Cream, Rexall (Canada), Staples Canada, Farm Boy, Herbal, Neighbourly, Pharmacy, Shoppers Drug Mart, Coffee, DavidsTea, DTEA, Jean Coutu

MONTREAL, Dec. 05, 2023 (GLOBE NEWSWIRE) -- DAVIDsTEA Inc. (TSX-Venture: DTEA) (“DAVIDsTEA” or the “Company”), a leading tea merchant in North America, announced today a series of go-to-market initiatives to expand its footprint among Canadian wholesalers.

Key Points:

MONTREAL, Dec. 05, 2023 (GLOBE NEWSWIRE) -- DAVIDsTEA Inc. (TSX-Venture: DTEA) (“DAVIDsTEA” or the “Company”), a leading tea merchant in North America, announced today a series of go-to-market initiatives to expand its footprint among Canadian wholesalers.
DAVIDsTEA, renowned for its premium specialty tea products and already present in over 3,800 stores, continues to increase its presence in the Canadian market by adding new storefronts, expanding its store-in-store concept and launching new products within existing accounts.
Additionally, DAVIDsTEA has brought eight popular tea flavors to 47 Farm Boy grocery stores in Ontario.
Our strong brand recognition and many tea options, from classic, to functional to decadent blends, should drive revenue growth through our wholesale partners, while helping to make tea fun and accessible to all.”

DAVIDsTEA Hires Vice-President of Marketing

Retrieved on:

Wednesday, November 22, 2023

Marketing, Woman, Commerce, ALDO, Growth, McGill University, DavidsTea, DTEA, Mattel

MONTREAL, Nov. 22, 2023 (GLOBE NEWSWIRE) -- DAVIDsTEA Inc. (TSX-Venture: DTEA) (“DAVIDsTEA” or the “Company”), a leading tea merchant in North America, announced today the hiring of Adriana Germilli as Vice-President of Marketing to stimulate demand creation and accelerate sales growth.

Key Points:

MONTREAL, Nov. 22, 2023 (GLOBE NEWSWIRE) -- DAVIDsTEA Inc. (TSX-Venture: DTEA) (“DAVIDsTEA” or the “Company”), a leading tea merchant in North America, announced today the hiring of Adriana Germilli as Vice-President of Marketing to stimulate demand creation and accelerate sales growth.
On the strength of a value-driven approach to marketing, Ms. Germilli champions women in leadership through mentorship and driving the Company’s outreach and giveback programs.
Ms. Germilli previously served as Director of Marketing at DAVIDsTEA from 2016 to 2022.
“We are delighted to welcome Adriana back to drive sales growth, customer experience and value creation at DAVIDsTEA,” said Sarah Segal, Chief Executive Officer and Chief Brand Officer, DAVIDsTEA.

DAVIDsTEA Expands Wholesale Channel into U.S.

Retrieved on:

Monday, November 20, 2023

Cream, TSX Venture Exchange, Supermarket, Stop & Shop, DTEA, DavidsTea, Roche Bros., Herbal, Roche, UNFI, Grocery store

MONTREAL, Nov. 20, 2023 (GLOBE NEWSWIRE) -- DAVIDsTEA Inc. (TSX-Venture: DTEA) (“DAVIDsTEA” or the “Company”), a leading tea merchant in North America, announced today its initial expansion into the U.S. wholesale market.

Key Points:

MONTREAL, Nov. 20, 2023 (GLOBE NEWSWIRE) -- DAVIDsTEA Inc. (TSX-Venture: DTEA) (“DAVIDsTEA” or the “Company”), a leading tea merchant in North America, announced today its initial expansion into the U.S. wholesale market.
DAVIDsTEA recently launched four flavours of premium tea sachets at 150 Stop & Shop supermarket stores of the 400-plus locations in the northeastern U.S.
They rank among DAVIDsTEA’s strongest flavours for the wholesale market as well as in other channels.
“We believe in the potential of expanding our offering wherever our customers are,” explained Sarah Segal, Chief Executive Officer and Chief Brand Officer, DAVIDsTEA.

DAVIDsTEA and maman Team Up for the Perfect Fall Collab and Delectable Oatmeal Pumpkin Chai Cookies

Retrieved on:

Tuesday, September 19, 2023

Taste, Heart, Friends, DavidsTea, Autumn, Drinking, CBO, Spice, Tea

NEW YORK, Sept. 19, 2023 /PRNewswire/ -- DAVIDsTEA, renowned for its high-quality loose-leaf teas and innovative blends, joins forces with maman, the beloved bakery-cafes lauded for their best-selling baked goods and charming spaces, for a seasonal cookie sure to delight pumpkin spice fans of all kinds. This limited-edition Oatmeal Pumpkin Chai Cookie is a delectable treat that marries the rich, warming spices of DAVIDsTEA's best selling Pumpkin Chai blend with maman's signature homemade charm.

Key Points:

This limited-edition Oatmeal Pumpkin Chai Cookie is a delectable treat that marries the rich, warming spices of DAVIDsTEA's best selling Pumpkin Chai blend with maman's signature homemade charm.
The DAVIDsTEA x maman Oatmeal Pumpkin Chai Cookie takes center stage as a delightful fusion of flavors offering a comforting blend of sweet pumpkin, aromatic spices, raisins and hearty oatmeal.
Maman's Oatmeal Pumpkin Chai Cookie will be a fall classic and staple on the cafe's fall menu.
For the perfect pairing, DAVIDsTEA and maman are also launching a limited-edition Pumpkin Chai Gift Box for $85 that will include six Oatmeal Pumpkin Chai Cookies, DAVIDsTEA's best-selling Glass Nordic Mug and a 3 oz tin of DAVIDsTEA Pumpkin Chai, available only online for shipping nationwide at mamannyc.com.

Pangea Natural Foods Inc. Provides Comprehensive Corporate Update

Retrieved on:

Thursday, September 14, 2023

The unveiling of Glory Market marks a new chapter for the company, with the recent acquisition of Glory Juice Co. by Pangea Natural Foods Inc., a plant-based food manufacturing company with a distribution network spanning across North America.

Key Points:

The unveiling of Glory Market marks a new chapter for the company, with the recent acquisition of Glory Juice Co. by Pangea Natural Foods Inc., a plant-based food manufacturing company with a distribution network spanning across North America.
Pangea Natural Foods is excited about the future of its co-packing services and the opportunities it brings for both the company and its partners.
Pangea Natural Foods looks forward to forging strong partnerships with third party food and beverage companies in British Columbia and across Canada.
Pangea Natural Foods is thrilled to embark on this exciting partnership with Mr. Hughes as its esteemed brand ambassador.

DAVIDsTEA Reports Financial Results for Second Quarter of Fiscal 2023

Retrieved on:

Tuesday, September 12, 2023

Sales for the second quarter of Fiscal 2023 decreased by $5.4 million, or 35.3%, to $9.8 million.

Key Points:

Sales for the second quarter of Fiscal 2023 decreased by $5.4 million, or 35.3%, to $9.8 million.
EBITDA was negative $3.4 million in the quarter ended July 29, 2023, compared to negative $3.9 million in the prior year quarter.
Adjusted net loss was $3.6 million in the second quarter compared to Adjusted net loss of $3.5 million in the prior year quarter.
Working capital requirements fluctuate during the year, rising in the second and third fiscal quarters as DAVIDsTEA takes title to increasing quantities of inventory in anticipation of the peak selling season in the fourth fiscal quarter.