Canada's retail industry can breathe a sigh of relief as container truck drivers end their strike at Canada's busiest port. British Columbia Premier Christy Clark announced yesterday afternoon that an agreement was reached among the members of the United Truckers Association and Unifor and the Province, the federal government and Port Metro Vancouver. Metro Vancouver's port will be open for business this morning...
Japanese fast-fashion retailer Uniqlo is in advanced negotiations to open a 35,000 square foot store at Toronto's Yorkdale Shopping Centre, according to the Financial Post. Uniqlo is also negotiating to open other Canadian stores, the first of which could open as early as 2016...
Vancouver's Holt Renfrew store is the top-selling in the company, according to multiple sources. Torontonians may find this news disheartening, considering the chain's largest store on Bloor Street West once commanded an estimated 25% of the company's sales. New upscale competitors could affect sales at Vancouver's Holt Renfrew differently than in Toronto, and we'll explain more...
Canadian Tire has been ranked as one of Canada's best managed companies. It's being recognized for its high-performing culture and innovative business strategy.
Did you know that you could spend just $4 on an HDMI cable, and the quality would be just as good as those expensive $50 cords? That's just one of the myths we're busting...
Quebec's busiest mall, the Montreal Eaton Centre, will change its name as it merges with the adjacent Complexe Les Ailes. The mall's new name has yet to be determined by landlord Ivanhoe Cambridge.
Struggling Quebec department store retailer Les Ailes de la Mode will close its Ste-Foy (suburban Quebec City) and Brossard (suburban Montreal) stores. This follows news that Les Ailes' Montreal flagship will also close. Landlord Ivanhoe Cambridge will buy-out Les Ailes' leases for an unspecified amount.
Nordstrom has delayed opening Nordstrom Rack stores in Canada until 2017. Target's struggles in Canada are partly to blame. Sources relayed this information to us in early March, and it's now confirmed by the Globe & Mail via an interview with a Nordstrom spokesperson.
Target will open a 145,000 square foot store in Downtown Toronto. It's expected to open in October of 2016. It will be a full-sized Target store, as opposed to the smaller 'City Target' locations that have recently opened in the urban cores of cities such as Chicago, Los Angeles and Seattle.
