Today's retail news from around the web: June 23, 2014
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Our article of the day:
ANALYSIS: Will HBC Sell Its Canadian Flagships?
Top Stories: Canada
-Cabela’s Inc speeds up expansion after getting to know Canada. [Financial Post]
-Chip Wilson working with Goldman Sachs on possible Lululemon takeover [Toronto Star] Lululemon founder is working with investment banker on plans that may include shaking up board, selling his stake or a buyout.
-iPhone becomes most popular smartphone in Canada, displacing BlackBerry. [Edmonton Journal]
-Canadian Retail Sales rose for the 4th consecutive month in April. [Montreal Gazette]
-Walmart Canada's new CEO is from a Belgian food retailer. [CBC]
-Jacob isn't the only retailer facing trouble in Canada. Reitmans, Le Chateau and others see challenges with increased competition. [Toronto Star]
-Bacon prices continue to rise, as supply is limited. [Huffington Post]
Canadian News: Region-by-Region
-Fire at an Edmonton thrift store causes $950K damage. [Edmonton Journal]
-New BC liquor laws allow alcohol to be sold at farmers markets. [Huffington Post]
-April retail sales were up in BC. [Business in Vancouver]
-An 'aggressive shoplifter' causes problems in Winnipeg. [Winnipeg Free Press]
-30-carat yellow diamond sells for $500K in Toronto. [CTV News]
-High River's (Alberta) downtown continues to struggle after a large flood last year. [CBC]
-Invitation: Romantique Lingerie: new West Vancouver store (Bellevue & 14th) grand store opening, 5:30pm on Wednesday, June 25th.
*Top photo: Callison Architecture
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Trending Retail Topics
-American Apparel Inc founder Dov Charney may have lost key ally in fight to get job back. [Financial Post]
-Why most employers aren’t like Starbucks and Costco (by paying well/offering benefits) [Yahoo News]
-Sears attempts to innovate as it introduces technology concessions to some of its Illinois stores. [Inside Retail]
-Facebook to facilitate e-commerce focussed advertising. [Internet Retailer]
-Radio Shack's stock closes at less than $1/share. Future of the company is in question. [CBC]
-An Apple smartwatch could launch this fall. [CBC]
-Nordstrom to open BaubleBar shops in all of its stores. [Baltimore Sun]
