Canadian Retail News From Around The Web: June 16, 2015
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Photo: Tiffany & Co.
Our Article of the Day:
1) Tiffany & Co. Opens at Rideau Centre
2) Vancouver One of Only 12 World Cities to Feature New Burberry Collection
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Top Stories - Canada:
-Brick and mortar stores go high-tech to keep up with online retailers [Globe & Mail]
-Gap to close 175 stores in North America (Including an undisclosed # of Canadian stores) [CBC]
-From Okanagan town, Kal Tire treads across Canada [Vancouver Sun]
-Sleep Country looks to raise $250M in IPO [Toronto Star]
-Spin Master Corp. files preliminary prospectus [Newswire]
-Canadian deal hunters skeptical of ‘sales’ claims, says study [Toronto Star]
Top Story - HBC buys German Dept. Store Kaufhof:
-Hudson's Bay's $3.3B German deal: What does it mean here? [Toronto Star]
-HBC eyes European launch for luxury retailer Saks [Globe & Mail]
-As Hudson’s Bay Co. takes on Germany, it can learn from Wal-Mart’s ‘disaster’ [Financial Post]
-Here’s what you need to know about Germany’s Galeria Kaufhof [Financial Post]
-HBC’s $3.9-billion German deal both a test and a challenge [Globe & Mail]
-Why is Saks owner buying a struggling German retailer? [CNN]
Canadian News - Regional:
-Costco to move to Shoppers City East in 2017: sources [Ottawa Business Journal]
-Westmount Square is up for sale [Montreal Gazette]
-Sears in North Sydney, Cape Breton, closes its doors [CBC]
-Craft brewers turn to LCBO, pubs to get their beer in glasses [Global]
-Employment questions as Lowe's eyes Shoppers World [Beach Metro News]
Our Previous Articles:
-Versace & Brunello Cucinelli to Join Strellson at 745 Thurlow
-List of Retailers Opening and Expanding in Canada: June 2015
-Why Telus is Shuttering Iconic BLACKS Photography