Today's retail news from around the web: July 22, 2014
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Top Stories - Canada:
-Target Canada's failed launch offers lessons for other retailers [CBC]
-Jacob Inc. given another month to prevent disappearance of womenswear chain [Financial Post]
-Loblaw Announces Promotion Of Mario Grauso To President Of Joe Fresh [WSJ]
-Competition Bureau approves the sale of 13 Loblaw-owned stores and pharmacies to Metro, Jean Coutu and Remedy’s [Competition Bureau of Canada]
-U.S. retailers invasion of Canada stirs competition [Digital Journal]
-$60 steak now available in Canadian grocery stores: Is there any sizzle to Loblaws' expensive Wagyu steak? [Edmonton Journal]
Canadian News - Region-by-Region:
-LOFT (by Ann Taylor) to open two new stores in Surrey, Burnaby BC this summer [Vancouver Sun]
-Hunt continues for tenants at former Zellers stores in Windsor, Leamington (Ontario) [Windsor Star]
-Giant Tiger to Build New Store in Sarnia, Ontario [Sys-Con]
-Vancouver independent video stores turn to crowdfunding to stay open [News1130]
-Langley, BC retailer sells luxury watches [Vancouver Sun]
-Elmira (Ontario) No Frills store will become Food Basics [The Record]
-Vancouver eBook provider BitLit partners up with publisher HarperCollins [Business In Vancouver]
Trending Topics:
-Tiffany CEO announces retirement after 15 years [Globe & Mail]
-The Coming Crash Of Michael Kors... Take It To The Bank [Forbes]
-Will consumers 'Buy' on Facebook? [RetailWire]
-Loblaw spinoff Choice Properties reports $1.5M Q2 net loss; adjusted profit $39.4M [Winnipeg Free Press]
-Ross Stores’ growth strategy on track - to open 95 US stores this year [Retailing Today]
-Facebook Explains Why It Wants to Be a Retail Store [Wired]
Interesting Articles:
-Uniqlo to open first 'green' store, in Northern California’s Great Mall [Chain Store Age]
-Target among Top 10 'most generous' companies [Minn Post]
-Online grocery shopping big in Germany, with 20% already doing so [eMarketer]
-Banana Republic Thinks 'Startup Guys' Dress Like This [Business Insider]
-Free shipping helps overcome resistance to buy [Retail Dive]
-Africans Open Fuller Wallets to the Future [New York Times]