Today's Retail News From Around The Web: February 25, 2015
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Rendering: Rideau Centre
Top Stories - Canada:
-Sears Canada revenue drops nearly 18% as store closures and weak sales weigh [Financial Post]
-Hudson’s Bay teams with RioCan, Simon Property on ventures valued at $4.2-billion [Globe & Mail]
-Report reveals average buyer spends $375 a year on products from Canadian websites, but only $150 on goods from U.S. sites [London Free Press]
-Second-hand economy in Canada worth $30 billion annually, report finds [Newswire]
-Canada, Are You Ready for Today’s Shopper? [Watt International]
-Canada's Biggest Railroad Reaches Labor Deal [New York Times]
Canadian News - Region-by-Region:
-Nordstrom to hire 1,000 Vancouver employees including 44 managers [BIV]
-Q&A: Sam Mizrahi, the developer who snagged Toronto’s most coveted piece of real estate [Toronto Life]
-Bureau en Gros closure deals Kirkland big-box mall another blow [Montreal Gazette]
-Nordstrom names Pacific Centre Manager [Vancity Buzz]
-Online men's vintage store opens first retail location [BlogTO]
Trending Topics:
-Target Corp blames loss on Canada pullout, but reports strong sales gain in U.S. [Financial Post]
-Nordstrom to relocate Lost Angeles Westside Pavilion store to Century City [Nordstrom]
-RadioShack pushing for faster sale of assets [Fierce Retail]
-Moscow's Plans for New Mega-Malls Threatened by Crisis [Moscow Times]
-Bergdorf Goodman goes worldwide with Web sales [Chain Store Age]
-Tinder-like shopping app Grabble raises $1.8M [Retail Dive]
-Frederick's of Hollywood will shutter 31 stores, including flagship in Hollywood [Fortune]
-Vitamin Shoppe plans 60 new stores; boosts Q4 profit [Chain Store Age]
Our Previous Articles:
-The Ever-Changing Retail Landscape of Canada
-Promising Picture for Most Canadian Retailers Heading Into 2015
-Womenswear Brand Judith & Charles to Open 4 Locations, Revamps Website
-Prada to Open Vancouver Flagship
-MCM Looks to Open Canadian Stores
