Retail News From Around The Web: May 7, 2015
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Photo: Cadillac Fairview
Trending Topics:
-Whole Foods to launch lower-priced grocery chain [Fortune]
-U.S. Chains Continue to Up Store Opening Plans [National Real Estate Investor]
-Online shopping arrives in North Korea [CTV]
-Retailers lose $1.75T on overstocks, out-of-stocks and returns [Fierce Retail]
-DSW receives omnichannel honor; provides update on strategy [Chain Store Age]
-The one-hour photo business is about to go extinct in the US [Business Insider]
-Pitney Bowes to buy cross-border e-commerce services provider Borderfree [Chain Store Age]
Our Previous Articles:
-Aritzia Opens Massive Saint Catherine Street Flagship
-Saks Fifth Avenue Reveals Renderings of its First Canadian Stores, on New Website
-How Some Leading Canadian Retailers are Experiencing Customer Success [With Video]
-Nordstrom Reveals Details of Vancouver Charity Gala
-Analysis: Expanded Retail at 'The One' Could be Valued at $1.2 Billion
-List of Retailers Opening and Expanding in Canada
-Outdoor Lifestyle Brand Sitka Looks to Expand Across Canada
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Top Stories - Canada:
-Canadian Tire Corp acquires 12 Target leases for $17.7-million [Financial Post]
-Despite Target's departure, retailers still fighting industry pressure [Globe & Mail]
-Loblaw plays down interest in former Target locations [Global]
-Canada Post launches new online shopping delivery option [Toronto Star]
-Loblaw boosts dividend as quarterly profit jumps [Globe & Mail]
-Weak Canadian dollar means high grocery prices: Loblaw president Galen Weston [CTV]
-Federal Competition Bureau fines crafts store Michaels $3.5 million [Canadian Business]
-Best Buy Canada invites other retailers to its online marketplace [Globe & Mail]
Canadian News - Region-by-Region:
-Saks OFF 5TH to open three stores in Ontario next spring [Toronto Star]
-Southgate makes list of top 20 Canadian malls in sales (based on our report above) [Edmonton Journal]
-Bass Pro scraps plans for Kanata store [Ottawa: CFRA]
-Toronto's comic book festival opens a permanent store [BlotTO]
-Former Target store in Sudbury bought by Canadian Tire [CBC]
-Sears in Nanaimo celebrates milestone [Nanaimo News Bulletin]
