Today's Retail News From Around The Web: December 5, 2014
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Photo: Artizia
Our Article of the Day:
Why Retailers Such as Aritzia, Canadian Tire & Sport Chek Will Succeed in 2015: Interview With Expert Antony Karabus
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Top Stories - Canada:
-Mexx fashion chain files for bankruptcy [Montreal Gazette]
-Are groceries coming to a dollar store near you? [Global]
-Dollarama costs rise on higher wages, duties, lower Canadian dollar [Financial Post]
-Why investors should care how firms peg their real estate assets (including HBC) [Globe & Mail]
-Burger King promises to ramp up Tim Hortons’ U.S. expansion as Ottawa approves takeover [Financial Post]
-Four specialty retailers (including Lululemon) poised to make 20% or more of holiday sales online [Fierce Retail]
-Wonderful Cause: Artizia's 'Full of Heart' initiative supports Cause We Care Foundation for single mothers [Aritzia]
Canadian News - Region-by-Region:
-Money Mart blasted by NDP for 50% gift card fee [Toronto Star]
-Wealthy Albertans to spend more than $12,000 this Christmas season [Edmonton Journal]
-Online ad for Canada Goose coats leads to parka theft arrests [Winnipeg: Global]
-Home Depot opens a new store in Brampton [Brampton Guardian]
-Drake opening OVO store in Toronto this weekend [CTV]
-Thrift store reopens after two fires [Edmonton Journal]
Trending Topics:
-Sears' Collapse Is Now 'Inevitable' [Business Insider]
-Best Buy Co Inc to exit China, sells 184 stores as it seeks to focus on North America [Financial Post]
-Posting $548 million loss, Sears plans to double store closings [INFORUM]
-Aeropostale closing 75 stores during holiday season [FOX]
-Dollar General remains committed to buying Family Dollar [Fierce Retail]
-Improving Consumer Landscape Spells Trouble For Retailers Like JC Penney, Burlington [Forbes]
-Judge says Target breach lawsuits can go forward [Retail Dive]
Interesting Articles:
-Fashion’s Go-To Architect on the Downfall of Department Stores and the Problem With Marketers [Syle]
-Study: Credit Card Breach Fears Haunt Consumers' Holiday Shopping Plans [Forbes]
-The next big thing in footwear retail [Retailing Today]
-Luxottica partners with Google Glass to design a line of wearables [Luxottica]
-JemJem launches an e-commerce site to sell refurbished Apple products [Newswire]
-Express slowly backing away from traditional stores in traditional malls [CBF]