Canadian retailers face a pressure-cooker year ahead according to new report from Ernst & Young. Canadian retailers will have no time to enjoy the post-holiday season, as 2011 challenges spill into 2012. Retailers face numerous challenges, including an influx of foreign competitors, weak consumer sentiment and decreased consumer buying power, says Ernst & Young. (Source digitaljournal.com)

86 Zellers stores remain unwanted and unsold -What will Hudson Bay do with them? Located in the less-then-appealing areas after Target cherry picked the rest, 130+, they haven't been sold and nobody wants them. Does Hudson Bay? (Source theglobeandmail.com)

Canadian retailers have a Target on their backs Retailers are bracing for a year of price wars and shrinking profits as competition heats up ahead of the invasion of the sector’s 800-pound gorilla. "They all have 2012 to prepare and get their house in order," said Alex Arifuzzaman, partner i)n retail real estate specialist InterStratics Consultants. "It’s really going to change the retail landscape." (Source theglobeandmail.com)