All Canada articles – Page 3
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NewsTarget to close struggling Canadian operation after two years
US discount retailer Target is closing its loss-making Canadian operation in a move that puts 17,600 jobs at risk.
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NewsAsos PR man has set himself a marathon challenge
Asos’s financial PR Jamie Ramsay has left the rat-race and embarked on a gruelling challenge, running 428 marathons in 600 days for charity.
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GalleryStore gallery: A tour of Vancouver’s retail hotspots
There are many reasons to visit Vancouver but for those on a mission to understand the diversity of Canadian retail it’s worth a stopover.
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Loblaws reports consolidated revenue increase
Loblaws, the country’s largest retailer, reported a 3.8% rise in consolidated revenue to C$7.2bn (£4.58bn) for the first quarter ended March 23. The retailer’s net profit rose 40.2% to C$171m (£108.7m). Overall retail sales rose 3.4% while like-for-likes increased 2.8%.Executive chairman Galen Weston said: “Greater assortment and an improved in-store ...
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Hudson's Bay Company pushes ahead with reinvention
Canadian department store group Hudson’s Bay Company is pushing ahead with its reinvention and merchandising plans. The retailer plans to introduce five further Topshop shop-in-shops and, by next year, an outlet of US-based Kleinfeld Bridal salon at its Toronto flagship.“We’re searching around the world for fantastic concepts that we can ...
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AnalysisAnalysis: Restructuring firm Hilco begins HMV turnaround
After buying HMV, Hilco faces the task of rebuilding the fallen entertainment retailer’s position on the high street and online.
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Convenience store operator Couche-Tard reveals revenue increase
Convenience store operator Couche-Tard revealed net earnings rocketed 64.2% to $142.5m (£93.8m) in the third quarter ended February 3. Revenue increased to $11.6bn (£7.6bn) from $6.6bn (£4.3bn). Like-for-likes were up 1.7%in Canada and 0.8% in the US.President and chief executive Alain Bouchard said: “Our recent acquisitions continue to contribute significantly ...
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Target opens first three Canadian stores
Target has opened its first three Canadian stores in Guelph, Milton and Fergus in the state of Ontario.The openings are intended as a pilot to prepare systems, train team members and determine operational readiness as the retailer prepares for the soft opening of 24 stores in Ontario later this month.Target ...
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AnalysisInternational analysis: Target aims for Canadian market share
Lacklustre trading over Christmas hasn’t cast a shadow over discount retailer Target as it gears up for its first international foray.
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Best Buy to close 15 big-box Canadian stores
US-based electronics specialist Best Buy has revealed it will close 15 of its big-box stores in Canada.The initiative is the first step in a three-year strategy to optimise Best Buy’s retail footprint across its markets, according to the company.The retailer plans to open Future Shop small stores, ecommerce banners and ...
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Grocery retailer Metro to sell part stake in convenience store
Grocery retailer Metro plans to sell 48.2% of its stake in convenience store operator Couche-Tard to BMO Nesbitt Burns, National Bank Financial and TD Securities.Metro chief executive Eric La Flèche said the company made the decision “given the market value of our holdings in Couche-Tard relative to Metro’s total value”.Following ...
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Rakuten's Canadian Kobo ereader subsidiary exceeds market forecasts
Rakuten’s Canadian Kobo ereader subsidiary said it exceeded market forecasts during the second half of 2012.It sold more than 4 million devices during the six-month period, bringing its total number of registered users to 12 million.The company said ereader sales jumped by almost 150% in December, driven by market entries ...
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GalleryStore of the week: Food retailer Longo’s flagship, Toronto, Canada
Longo’s is a family owned grocer that operates 24 stores in the Greater Toronto area, and this one, in Maple Leaf Square in the city’s downtown area, is its flagship.
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AnalysisAnalysis: Why is HMV's Canadian business performing strongly?
As HMV’s UK business enters administration after battling market pressures, Retail Week asks how the entertainment retailer’s Canadian business is achieving strong growth.
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Loblaw to form Real Estate Investment Trust
Loblaw is to form a Real Estate Investment Trust (REIT) to acquire a significant portion of its real estate assets. The grocer plans to sell units of the REIT through an initial public offering and will retain a significant majority interest. The expected completion date is mid-2013, subject to approval.The ...
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Sears Canada launches rebranding initiative
Department store group Sears Canada has launched a rebranding initiative after its recent partial spin-off from its US parent, it has been reported. A new tag line, ‘Make Every Day a Great Day’, and an updated logo will be introduced.
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NewsJoe Fresh eyes UK touchdown
Canadian fashion retailer Joe Fresh, part of the Weston family-owned Loblaws group, is eyeing expansion into the UK.
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Walmart launches temporary virtual wall
Walmart, in partnership with toy manufacturer Mattel, has launched a temporary virtual wall to enable shoppers to buy toys by scanning QR codes with their smartphones.The wall will operate for four weeks along Toronto’s underground commuter walkway and features two screens of 3D toy images.Walmart Canada toy merchandising director Cheri ...
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Hudson’s Bay plans store closures for Zellers
Hudson’s Bay plans to close most of its 64 remaining Zellers stores, according to local press. They are locations that are not being converted to Target shops. The closures will be completed by March 2013.A spokeswoman said: “After a lengthy review and numerous discussions with various parties, it became apparent ...
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Target receives government approval to rebadge Zellers
US general merchandise retailer Target has received final federal government approval to rebadge Zellers stores to its fascias. However, it must sell and promote Canadian ‘cultural products’ including magazines, books, music and DVDs in the shops.Target must also invest US$3.5bn (£2.2bn) in its Canadian stores, including hiring 25,000 staff by ...