It’s Been Almost a Year Since Aritzia Inc.’s IPO: How Is it Doing?
Aritzia Inc. (TSX:ATZ) is an apparel company that focuses on women’s fashions and particularly targets ages of 14-30. With over 50 stores, Canada has the bulk of the company’s locations. It has 16 stores in the US, including a 13,000-square-foot store located in...
3 Innovations That Could Disrupt Grocery Shopping
It’s a time of unprecedented change in the industry and it shows no signs of slowing. From mobile supermarkets to checkout free shopping, here’s a look at some of the technology that could impact the way consumers shop. Mobile markets Moby Mart is a staff-less...
Sears Canada seeks reinvention as it falls to insolvency
Insolvent Sears Canada Inc. has got court protection from its creditors in a last-ditch effort to slim down and shape up after years-long attempts to transform its business, leaving industry insiders now questioning the retailer’s long-term viability. The money-losing...
Hudson’s Bay tries to distance itself from the U.S industry that is collapsing around it
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...
Off-price apparel stores are booming, but are they a bricks-and-mortar saviour or symptom of decline?
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...
Retail facing an ‘existential crisis:’ Joe Fresh, Club Monaco founder
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...
MINISO Launches Aggressive 500 Store Canadian Expansion
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...
Kit and Ace: a cautionary tale of business expansion
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...
Why Hudson’s Bay is shopping for a takeover amid 2017’s retail bloodbath
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...
Zvelle Launches Brick-and-Mortar Strategy to Complement eCommerce
Toronto-based women’s footwear brand Zvelle has launched into the realm of brick-and-mortar retail, after previously selling exclusively online. Combining online with physical retail is a win-win strategy for the company, says Zvelle’s founder, and the next step could...