Today's retail news from around the web: July 9, 2014
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Top Stories: Canada:
-Pace of online sales growing five times more than traditional retail: report. [Yahoo]
-Lululemon Athletica Inc looks ripe for activist investor. [Financial Post]
-It's time to adapt ads to suit the modern man (who likes cooking, fashion and grooming). [Globe & Mail]
-Vending machine industry lures back customers with healthier offerings. [Globe & Mail]
-Jean Coutu profit dips to $54 million. [CBC]
Interesting article [Source: Seeking Alpha]
-Target Canada: It's Worse Than We Thought:
1) Target's losses north of the border are greater than we thought.
2) Target has no plans to start online sales in Canada anytime soon.
3) Target is pursuing an outdated business strategy that could doom it to irrelevance
Canadian News: Region-by-Region:
-Canada's 1st 'vegetarian butcher' opens in Toronto. [CBC]
-Outdoor retailer Cabela's will open its 1st Calgary location (70,000 sq ft) at Deerfoot Mall. [Calgary Herald]
-Cabela's is also coming to Nanaimo, BC. [Nanaimo Bulletin]
-Canadian Tire must pay $7,000 for detaining man: Quebec Court. [Montreal Gazette]
-Kanata big-box development given go-ahead, despite staff recommendation. [Ottawa Citizen]
-CTV Grocery Price Comparison for July [CTV Calgary]
-Victoria's Empress Hotel (with a retail component) will see a substantial renovation under new ownership. [Vancouver Sun]
Top Photo: www.behance.net
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Trending Topics:
-Death by cupcake glut: U.S. cupcake chain Crumbs closes all its stores [Financial Post]
-Online grocery shopping expands rapidly, though profits will lag. [Globe & Mail]
-Target, other hacked companies face SEC scrutiny over disclosure. [Toronto Star]
-Sears Holdings (US) make stores available to rent. [Retail Online Integration]
-Nine retailers in search of a CEO. [Chain Store Age]
-New retailers are challenging Victoria's Secret's substantial lingerie market share (VS has 50% of all US sales). [Business of Fashion]
