by | Jun 12, 2017 | Industry News
TORONTO — Executives of Hudson’s Bay Co. sought to mollify the market Friday, asserting the value of its department store network means it does not need to shrink, but investors are clearly worried that the company is getting swept up in a broader retail rout...
by | Jun 7, 2017 | Industry News
A full 10 hours before the Outlet Collection Winnipeg opened its doors for the first time on May 4, a burgeoning crowd of bargain hunters had started to form outside in the overnight chill. By the time the doors opened at 10 a.m., about 4,000 people flanked the...
by | May 23, 2017 | Industry News
The founder of popular retail brands Joe Fresh and Club Monaco says the Canadian retail landscape is facing an ongoing crisis. Joe Mimran, who is currently the chairman of Gibraltar Growth Corporation, told BNN in an interview on Friday that people just don’t want as...
by | May 16, 2017 | Industry News, Uncategorized
Chinese variety retailer MINISO, which positions itself as a ‘Japanese lifestyle brand’, has big plans for Canada. The company opened its first Canadian store in Vancouver last month, and it could eventually operate as many as 500 stores in Canada, according to a...
by | May 8, 2017 | Industry News
Kit and Ace will shutter stores in the U.S., U.K. and Australia but keep nine Canadian locations open. The biggest difference between Kit and Ace and most upstart fashion retailers is that a billionaire family founded the company. Chip Wilson, who founded Lululemon...
by | May 5, 2017 | Industry News
The first quarter of the year has deepened a period of bloodletting in the retail industry: Over the last few months, nearly a dozen retailers have filed for Chapter 11 bankruptcy protection and many more have announced major store closure plans and financial...
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