Today's retail news from around the web: June 20, 2014
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Our article of the day:
Why Canadian Luxury Retailers Target Chinese Tourists
Top Stories: Canada
-Wal-Mart Stores Inc names Delhaize executive Van den Berghe as Canada chief [Financial Post]*
-In April, Canadian retail sales reached a record high. [Globe & Mail]*
-Canadians buying more clothes, car parts, as retail sales keep rising. Retail sales were up in six provinces in April, with Ontario, Quebec and British Columbia accounting for most of the increase [The Star]
-Coach will close 70 of its 350 North American locations, as its stock takes a hit. Not discussed in the article, but how many (if any) Canadian locations could close? [Globe & Mail]
-Nike, Adidas and VF Corp are all speculated as potential Lululemon bidders, according to [Oregon Live]
-ClearlyContacts.ca is no longer charging customers for shipping/handling. [Business In Vancouver]
-Store security guard charged with extortion, after framing a customer for shoplifting. [Toronto Sun]
-Hudson's Bay Company declares quarterly dividend of 5 cents/share. [Wall Street Journal]
Canadian News: Region-by-Region
-One-third of foreign retailers enter Canada through one Toronto mall: report. [Yahoo Finance, referencing yesterday's article by Retail Insider]
-An 80,000 sq ft Asian supermarket, Canada's largest, is opening in Richmond BC. [Richmond Review]
-Marshall's is opening in Windsor, Ontario in 2015. [Windsor Star]
-Fountain Tire opens its new headquarters on Edmonton's South Side. [Edmonton Journal]
-Downtown Edmonton's Staples store is demolished for a new office tower. [Edmonton Journal]
-Drake General Store creates a World Pride themed pop-up store at Toronto's Bloor Street Hudson's Bay. [Toronto Life]
-Halifax airport kiosk allows local entrepreneurs to show their products. Sort of like a mini pop-up store - interesting idea. [Nova News Now]
Trending Retail Topics
-Apple smartwatch with multiple sensors, screen sizes due in fall: report [CTV]
-Amazon's Fire phone will challenge its 'mediocre' e-commerce rivals. [Fortune]
-Uniqlo will focus on expanding into the US over the next 6 years. [Taipei Times]
-Starbucks isn't giving its employees paid scholarships, after all? This, according to [CBC]
-American Apparel board votes to oust founder as chairman and CEO. [Huffington Post]
-Most online shoppers don't mind waiting at least six days for a delivery. [Business Insider]
