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  1. Not a good day for retail! http://ottawacitizen.com/business/local-business/sony-announces-it-will-close-all-sony-stores-in-canada Sony Corp. will close all 14 of its Sony Stores across Canada as the company continues to struggle to reshape its business. The company made the announcement on Thursday in a memo to the employees of its stores — including its Ottawa location in the Bayshore Shopping Centre — telling them that the stores will cease operations within the next two months. The company confirmed the news in a statement released to The Citizen. “Over the next 6 to
  2. C'est un bon cas d'étude pour les écoles de gestion... via Bloomberg Target Will Abandon Canada After Racking Up Billions in Losses Target Corp. (TGT) will abandon its operations in Canada after less than two years, putting an end to a mismanaged expansion that racked up billions in losses. The Canadian business is seeking court approval to begin liquidation, the Minneapolis-based retailer said today in a statement. The move will lead to a $5.4 billion writedown. This is the first major strategic shift made under Chief Executive Officer Brian Cornell, who took over for Greg
  3. St. Catherine Street: the changing of the guard Remember that little boutique where you bought the leather jacket 15 years ago? It’s gone. If you have not visited St.Catherine Street in Montreal since the early 1990s, you would not recognize it. Of the stores that were located in the prime area between Bishop and University, not more than fi ve are still in existence. The locallyowned stores are gone, replaced at first by national retail chains, which in turn are giving way to international chains. Storefront retail throughout North America has been in decline for many years. St. Cath
  4. Can Richard Baker reinvent The Bay? MARINA STRAUSS From Monday's Globe and Mail NEW YORK — Richard Baker, the new owner of retailer Hudson's Bay Co.,mingled with the New York fashion elite as the lights dimmed for designer Peter Som's recent show, offering opinions and taking a close look at the latest in skirts and dresses. It's a stark contrast to previous HBC owner Jerry Zucker, who HBC insiders had a hard time picturing with fashionistas in New York. But Mr. Baker, who made his name in real estate, knows it is time for a new approach at the struggling retailer. “As an
  5. Dana FlavelleBusiness Reporter Dana Flavelle Business Reporter There’s a bill before the U.S. Congress that would allow Americans to bring back $1,000 worth of Canadian goods duty-free after just a few hours of shopping across our border. Meanwhile, Canadians can’t bring back anything from the U.S. duty-free until they’ve been away for 24 hours. Even then the limit is $50. This protectionism is one of the reasons U.S. retailers who open up shop in Canada can charge higher prices here than in their home market, an economics professor says. “There are two reasons price
  6. (Courtesy of Urban Photo) Its an old article from 2008. Plus I found an another article about the grocery chain.
  7. Microsoft to Open Stores, Hires Retail Hand By NICK WINGFIELD Microsoft Corp. said it hired a former Wal-Mart Stores Inc. executive to help the company open its own retail stores, a strategy shift that borrows from the playbook of rival Apple Inc. The Redmond, Wash., company said it hired David Porter, most recently the head of world-wide product distribution at DreamWorks Animation SKG, as corporate vice president of retail stores for Microsoft. In a statement, Microsoft said the first priority of Mr. Porter, who is also a 25-year veteran of Wal-Mart, will be to define where t
  8. January 15, 2009 By PATRICK McGEEHAN The retailing of recorded music will take another step toward extinction in early April, when the Virgin Megastore in Times Square closes to make room for Forever 21, a popular chain that sells moderately priced clothing. The closing, which was announced to the store’s 200 employees this week, will leave the Virgin store on Union Square as the last Manhattan outpost of a large music chain. The future of that store has not been decided, Simon Wright, the chief executive of Virgin Entertainment Group, said on Wednesday. Stores that sell prerec
  9. Canadian retail sales up in 2008: Report By Derek Abma, Canwest News ServiceJanuary 9, 2009 10:04 AM A report released Friday by Canada's largest processor of credit- and debit-card transactions indicates people were spending more money this past holiday season than the year before despite the downbeat economic environment. Moneris Solutions said its data for December sales indicates "resilience" in consumer spending last month and "dramatic growth" for certain categories, such as department stores and clothing retailers. Moneris said it processed two per cent more sale
  10. (Courtesy of The Globe and Mail) I have a feeling many women will be happy with this news.
  11. Toronto : The downside of up TENILLE BONOGUORE Globe and mail Old Toronto is booming, thanks to a flood of new condo dwellers. So why are prime retail strips awash in 'for lease' signs? Tenille Bonoguore recently counted 54 empty storefronts on one stretch of Queen alone. With rents soaring, is it only cashed-up chains that can survive? The garlands were up, the Christmas songs were playing, but inside the Danforth Avenue store Paper and Presents, the mood was anything but merry. It was December, 2007, and instead of spreading good cheer, customers were hurling abuse abou
  12. plannersweb.com/2014/02/walmart-stores-go-small-urban/ <header style="color: rgb(51, 51, 51); font-family: 'Minion W01 Regular', Times, serif; font-size: 15px; line-height: 21px;"> Taking a Closer Look Walmart Stores Go Small and Urban by Edward McMahon </header>Can big box retailers think outside the box? A few years ago the idea of a pedestrian friendly big box store would have been laughable, but as urban living has become more popular the major chain retailers are paying attention and beginning to build urban format stores. On December 4, 2013 Walmart opened its
  13. Full article can be found here: http://business.financialpost.com/2011/05/26/target-unveils-canadian-stores/ List of Quebec Stores • Galeries d,Anjou, Anjou • Faubourg Boisbriand, Boisbriand • Carrefour Angrignon, Lasalle • Mega Centre Notre-Dame, Laval • Galeries Chagnon , Levis • Place Longueuil, Longueuil • Place Alexis Nihon, Montreal • Place Vertu, Montreal • Terrarium Shopping Centre, Pointe Claire • Les Galeries De La Capitale, Quebec City • Place Fleur De Lys, Quebec City • Place Laurier, Quebec
  14. MONTREAL - It’s the talk of downtown: big changes are said to be coming to Ogilvy’s and Holt Renfrew. The buzz is that Holt’s will close in its current location, move into Ogilvy’s, and the Art Deco Holt building will become condos. Sales staff in the area worry about their jobs, while merchants wonder what effect the loss of a retail anchor on Sherbrooke St. W. would have on the foot traffic for boutiques on Crescent and de la Montagne Sts. The rumours come after Selfridges Group Ltd., owners of Holt Renfrew, acquired Ogilvy’s this summer. Terms for the sale, which closed on Sept.
  15. (Courtesy of The Gazette) I just wish L'Occitane store wouldn't be in Westmount. I know they have a small kiosk at The Bay. We need more stores/restaurants/hotels in Montreal. - Century 21 (Department Store) - Jamba Juice - Pret a Manger Many more
  16. Metro name to be largest in Canada with consolidation of five banners in Ontario 48 minutes ago MONTREAL — Venerable grocery banners Dominion and A&P will soon disappear as Canada's third-largest surpermarket chain, Metro Inc. (TSX:MRU.A), plans to consolidate five store names in Ontario under the Metro moniker, born 47 years ago in Quebec. Metro will become the most common supermarket name in Canada, boasting 376 stores in Quebec and Ontario, after 158 stores in Canada's largest province are converted over the next 15 months. Metro will have 376 stores in Quebec and Ontari
  17. U.S. Economy: Retail Sales Drop in October by Most on Record By Shobhana Chandra and Bob Willis Nov. 14 (Bloomberg) -- Retail sales and prices of goods imported to the U.S. dropped by the most on record, signaling the economy may be in its worst slump in decades. Purchases fell 2.8 percent in October, the fourth straight decline, the Commerce Department said today in Washington. Labor Department figures showed import prices dropped 4.7 percent, pointing to a rising danger of deflation, and a private report said consumer confidence this month remained near the lowest level since 1980.
  18. MONTREAL - A battle is brewing for Quebec arts and crafts shoppers as North American giant Michaels prepares to enter the province Friday with the opening of seven stores. The move by the Texas-based retailer will put it in closer competition with homegrown DeSerres, which is opening its 18 location in the province and 28th across Canada. After three years of planning, Michaels will open stores in suburban locations in Gatineau, LaSalle, Lachenaie, St-Jean-sur-Richelieu, St-Jerome, Vaudreuil-Dorion, and Laval. The move comes 17 years after it expanded into English Canada. "We w
  19. (Courtesy of The Montreal Gazette) Sucks to be them. Guess the SAQ doesn't want to waste tax payers money to wait and see if all will get better, with people moving into the condo being developed next door. I guess the people complaining are just going to have to cab it or take the metro. I just wonder who will take over the 7000 sq.ft at the Pepsi Forum
  20. A facelift for St. Jacques? Tue, 2008-09-02 16:04. Shuyee Lee St. Jacques Street in NDG is known mainly for car dealerships, auto repair shops, seedy motels, vacant lots and empty storefronts. But the borough wants to give it a facelift and attract more residents and stores. It's proposing a bylaw that would bar new body shops, gas stations and other industrial business from opening up and rezone the area as mostly residential with room for restaurants, boutiques, grocery stores and similar "user-friendly" businesses. They're focussing on the stretch between Madison and Decari
  21. Le nom de ce nouveau dirigeant: Jeffrey Sherman. Il avait également été chef de la direction de The Limited Stores et PDG de Bloomingdales/Federated Department Stores. Pour en lire plus...
  22. NRDC Equity buys Hudson's Bay MARINA STRAUSS Globe and Mail Update July 16, 2008 at 1:32 PM EDT Upscale U.S. department store chain Lord & Taylor is about set up shop in Canada. The company that owns Lord & Taylor bought Hudson's Bay Co. on Wednesday and will convert up to 15 of its key Bay department stores to the U.S. retailer's name. The move marries the two oldest department store retailers in North America, and will create an $8-billion (U.S.) merchandising powerhouse for the new buyer, NRDC Equity Partners of Purchase, N.Y. It will combine HBC's Bay, Zelle
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