Today's retail news from around the web: June 27, 2014
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Our article of the day:
Driving profits at the retail store level
Top Stories: Canada
-Wal-Mart violated Quebec’s labour code by closing store after worker unionization attempt, court rules [Financial Post]
-Zara founder pays $255million for the 270k sq ft retail/office component of 150 Bloor St. W. in Toronto (housing Louis Vuitton and Tiffany & Co.) [Financial Post]
-Where Sobeys, Safeway and IGA stores are closing across Canada [Globe & Mail]
-Update on Sobeys closing 50+ Canadian stores. [Globe & Mail]
-No plans for Ikea Canada wage hike after U.S. stores adopt cost-of-living policy. [Business In Vancouver]
-Customers are now embracing Indigo books' home decore and gifts (and it still sells books, for now) [Financial Post]
-Vancouver-based Herschel backpacks becomes a global brand in 5 years. [Vancouver Sun]
Canadian News: Region-by-Region
-Strange: Vancouver's prestigious FREYWILLE boutique (one of only 3 in North America) is repeatedly vandalized (and not robbed) by blowtorch vandal on a bicycle. [Vancouver Sun]
-Montreal-based activewear retailer KSL to open in Banff, Alberta. [Calgary Herald]
-Sobeys will close two Downtown Toronto stores. [Toronto Star]
-Landlord is seeking a grocery tenant to replace Downtown Edmonton's Sobeys, slated to close. [Edmonton Journal]
-Prince Albert, Saskatchewan Sobeys to close in September, will lay off 70 staff. [paNOW.com]
-Winnipeg shoppers not happy with Sobeys store closures [CBC]
-What do Nova Scotians buy at the liquor store? (cider & craft beer up, wine is down) [Cape Breton Post]
*Top photo: Callison Architecture
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Trending Topics
-Crafts giant Michaels IPO gets lukewarm welcome [Toronto Star]
-American Apparel searching for new CEO [Globe & Mail]
-What Amazon’s Fire Phone means for the future of mobile retail [Venture Beat]
-Is a Grocery Partnership in Couche-Tard's Future? [CSPnet]
-As Lululemon continues to struggle, here are 6 potential competitors. [Upstart]
-5 stores where you should never pay full-price (American: Sears, Macy's, Sally Beauty Boutique, The Gap, Jewelry.com) [Marketwatch]
