Influx, expansion of international chains in Canada shows no signs of
challenges in the global economy, it may appear at first glance to be a less
than ideal time for retailers to expand operations. But many of the recently
launched chains had plans in the pipeline months — and even years — before
opening in Canada. Trendex North America president Randy Harris said U.S.
retailers also have had the benefit of seeing other chains succeed in
Canada, giving them a confidence they may not have had two or three years
ago to enter the market. And companies won't just be battling for dollars.
Baer foresees more competition for retail talent like personnel to fill
management and head office positions. A number of the U.S. retailers that do
enter the market are deep-pocketed so they can afford to pay, and they'll
probably pay — overpay, in fact — to try to get some talent initially to
help them run their Canadian operations," he said from Montreal. Great
article and a must read if you really want a global retail prospective of
what's going on in Canada.
The High-Tech fall out is still spiraling for a few Canada's record shop HMV is just about to wrap
up its last Xmas and going out of business sale at the same time and prices
are in free fall at the biggest retail outlet HMV operates in Canada. There
will no longer be a major retail outlet in downtown Vancouver where you can
actually shop for music and films. And in the UK this week HMV reported
sales falling just as drastically as their Canadian counterparts. And on
another front while Blockbuster has closed more than 400 stores in Canada
now their Canadian counterpart Rogers is closing 40% of their stores leaving
only 93 and reporting sales declines of 46% this year. And on a side note
their Post Office is basically going thru some of the same problems the U.S.
Postal Service is going thru just not on the same level.
The PATH is coming and it will be the biggest underground shopping complex
in the world!
More than a century after Toronto’s first underground pedestrian
walkways were built. The system, which joins subway stations, business
towers and food courts, now contains more than 1,000 stores. With about
100,000 commuters passing through every day, nearly $1.5-billion in sales
revenue is generated each year and they're planning to expand it to the
waterfront and beyond. Over the next decade consumers will be able to freely
move throughout the city regardless of weather and travel and shop to their
hearts content. If you don't have a store there now you might expect one in
the next few years.
Coming in 2012:
LP Show Coverage
The Top 10