Today's retail news from around the web: July 8, 2014
/Our Article of the Day:
Canada will have North America's only mall with Walmart and a luxury anchor
Top Stories: Canada
-Couche-Tard hikes dividend 20 per cent as profit slips. [Globe & Mail]
-Montreal-based Couche-Tard to boost pace of store construction (especially in the US) on rising consumer confidence. [Huffington Post]
-US brands we want to see in Canada: This article is basically a 'dream list' that includes several retailers and restaurants. [Huffington Post]
-Will Lululemon go private? [Retail Wire]
-Canadian retailer Judith & Charles Expanding in New York. [WWD]
-Obituary: Toronto fashion designer Pat McDonagh. [Globe & Mail]
Canadian News: Region-by-Region:
-London, Ontario Home Hardware store welcomes dogs to prevent they from dying in hot cars. [DIY Week]
-Construction resumes on Future Shop in Cornwall, Ontario. [Standard Freeholder]
-Halifax sex-themed retailer finds new location after eviction. [Chronicle Herald]
-Oshawa, Ontario, to Ban Sales Dogs and Cats in Pet Stores. [Chicago Now]
-Toronto Transit Commission (TTC) launches online store. [Metro]
-Lady Gaga is seen shopping for wedding dresses in Toronto. [Daily Mail]
*Top photo: Richard Hamley
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Trending Topics:
-American Apparel Inc gets default notice from lender Lion Capital [Financial Post]
-Crumbs Bake Shop Closes All Its Stores, Fires All Employees In 1 Day. [Huffington Post]
-American Apparel lender that backs founder Dov Charney demands immediate repayment of $10-million loan: source. [Financial Post]
-Walmart looks to grow by embracing smaller stores. [Wall Street Journal]
-Neiman Markus hires a former JC Penney exec to expand Neiman's Last Call division. [Dallas News]
-Washington State Shops Now Have Licenses To Sell Recreational Marijuana. [Huffington Post]
Interesting articles:
-Tablet shipments expected to top PCs by 2015. [Toronto Star]
-Walmart is, again, tops on Fortune Global's 500 list. [Economic Times]
-Businesses ignore customer service at their peril. [Globe & Mail]
-Spotted: Twitter's 'buy now' button. [Toronto Star]
-J. Crew now sells clothing in size 000. [Business Insider]
-What shopping will look like in the future (physical stores will still be important). [The Himalayan]