Sears Holdings may be open to selling Canadian flagship store - and may close
more stores Sears Holdings' Canadian division may consider selling off
its Toronto flagship store if the right buyer comes along, according to
published reports. In the latest sign of trouble for the retailer, Sears Canada
CEO Douglas Campbell told the Globe and Mail, one of Canada's largest
newspapers, that the company was considering closing more stores, including the
one at the Toronto Eaton Centre. Sears Canada's head office also is located at
Eaton Centre. The newspaper reported that Campbell's predecessor, Calvin
McDonald, was reluctant to sell the location because of its symbolic importance,
but that Seattle-based Nordstrom was interested in buying the location as it
prepares to open its first Canadian store next year.
5 Canadian consumer trends to shape the future of retail
Canadians consumers are increasingly looking for healthy and locally made
products, according to a new study from the Business Development Bank of Canada
that identifies five trends shaping consumer behaviour. The BDC study released
Monday also looks at the increasing importance of the internet in
decision-making, with half of consumers conducting an online search prior to
buying. The five consumer trends identified by the BDC are: The buy-local
movement, Rising health awareness, Frugality, The desire for customized goods,
The impact of the internet. Not too far off the consumer in the states.
Best Buy Canada looking to become ground zero in Windows, Apple, Samsung
electronics battle - looks like the same in the U.S. Best Buy Canada
is getting even cozier with its manufacturers, who are opening up in-store
boutiques inside the retailer’s big stores with dedicated staff to service
megabrands such as Windows, Apple and Samsung. The move comes as the retailer,
which closed 15 underperforming stores in January, strives to shore up its
leading market share in a struggling category after a prolonged period of
consumer electronics deflation and stiff competition from Amazon.
Target’s Rough Ride In Canada Will Persist In The Near Term
Target’s Canadian operations have not shown big promise so far. The retailer is
off to a choppy start in the region due to low customer satisfaction and initial
expansion costs. Canada has been the first international expansion choice for
U.S. retailers due to its close vicinity to the U.S. and similar consumer
tastes. Though Target expects better performance in Canada in the future, the
market is not as lucrative as some developing nations, due to a slow economic
recovery, increase in cross-border shopping and small population. Moreover, the
retail landscape in Canada is highly developed, and therefore, new retailers
find it hard to compete with the existing ones. Only the grocery retailers have
seen decent growth in the region, which is not a big business for Target.
Considering the factors, we believe that Target is in for a rough ride in Canada
in the near future.
Starbucks brews up an expansion
Sales this year in Canada went over $1 billion, and 100 new outlets a year will
open nationwide by 2018, including 24 by early 2014 in Quebec.
Vancouver police warn of fraudsters reselling gasoline stored in modified vans
and buying with fake credit cards
A series of sophisticated and coordinated gas thefts have Vancouver police
searching for criminals who are fuelling the black market. Twice this week
police have caught drivers using fraudulent credit cards to fill holding tanks
in unmarked, modified panel vans in a rash of gas thefts that is not expected to
stop soon, according to VPD spokesman Const. Brian Montague. There’s no question
that we’ve seen a level of expertise here both in the modifications of the
vehicles being used as well as the fact that you’re seeing forged payment
cards,” he said. Police arrived and arrested an 18-year-old man who was
allegedly holding more than 200 payment cards that appeared to have been forged.
When they looked inside the van he had been driving, they saw that it had been
modified and held a plastic tank filled with more than 750 litres of gasoline.
Richmond RCMP arrests a drug store robbery suspect; used an imitation handgun at
Garden City shopping center
Robber enters a Calgary grocery store with a screwdriver and knife demanding
money Calgary Police are on the case after a violent robbery in the
city’s northeast Wednesday evening. It happened at around 9:30 p.m. at the Basha
International Foods on Barlow Trail near Sunridge Mall. The two suspects came in
with a screwdriver and a knife and threatened employees. No one was injured.
working to recover after last month’s $40,000 robbery of a Montreal boutique
The owner of a men’s wear store on St-Laurent Boulevard says he’s doing his best
to turn the page after a Hollywood-style robbery cost him thousands of dollars.
Jonah Leslie, the owner of Héritage-Inheritance boutique, said he got a phone
call in the morning about a month ago. He said an employee had opened up the
store to discover the second-storey had been almost completely emptied out. Even
more shocking was the method the robbers used to access the building. The
thieves managed to break through the upstairs wall by going through an empty
apartment in an adjacent building. Leslie said that would have required going
through two thick brick walls and a gyproc wall. (Source
Retail Fast Facts: October 2013
Total monthly retail sales changed by 3.5 per cent over the comparable month
Total sales excluding food, automotive and gasoline changed by 3.9 per cent over
the comparable month last year. Read more (Source
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