Spanish-based Inditex plans to further expand in Canada, intending to open new Zara andMassimo Dutti stores. It's a bold move for the company, which barely advertises and currently experiences mediocre sales for its Massimo Dutti brand. Zara does gangbusters sales in Canada, however, warranting further expansion that will see new and expanded stores, as well as new Zara Home locations...
Statistics Canada's latest numbers show an increase in retail sales for May of 2014. Although it's the highest monthly gain so far this year, these results are not evenly spread...
Home Outfitters, Canada's largest kitchen, bed and bath superstore, will be merged into Hudson's Bay Company's (HBC) Department Store Group. Several Home Outfitters locations may close as a result, while others could be extensively renovated. Hudson's Bay confirms that two Home Outfitters locations will close, as the company increasingly concentrates on its e-commerce operations.
Upscale menswear retailer Harry Rosen will relocate its Ottawa store to an 18,000 square foot space in November. Rosen's current Rideau Centre store is less than half that size. The stunning new store will compete with the adjacent Nordstrom, scheduled to open in March of 2015...
Target, by its own admission, has made a mess of its business in Canada. The company has lost about a billion dollars since it began operating here and, while it has pledged to do better, not everyone is convinced it will. In fact, Credit Suisse has gone so far as to suggest that Target's new CEO, whomever that turns out to be, should seriously consider getting out of the Canadian market altogether...
Canada is about to get a whole lot sweeter. Swiss Chocolatier Lindt plans to open 12 Canadian stores between now and 2016, spanning from British Columbia to the Maritimes...
Employee turnover affects every organization, across all industries and your company is no exception! Some industries are more prone to facing higher rates of turnover based on the types of roles they hire for or where they are located. With the recent economic improvements in the job market and the entrance of a new generation into the workforce, retail turnover rates have seen a steady rise over the last few years. How are you dealing with these factors?
A good number of retail bosses who claim their customers are at the heart of their strategy, often neglect the ‘face’ of their business- their ground staff. And when the top management misses the point, things can be in limbo forever.
Nordstrom will host charity galas for the opening of its Canadian stores, as it does with its US store openings. Its first gala will be held on September 17th in Calgary, two days prior to the opening of its Chinook Centre store. Remarkably, all 1,800 gala tickets sold out within two weeks.
Canada comes out on top, as Lululemon ranks first in a report measuring North American apparel company profitability. It outranks such prominent enterprises as Ralph Lauren, Urban Outfitters, Nike and Nordstrom. Interestingly, the company with the second-highest profit margin is also Canadian, being an apparel company based out of Montreal.
