Canadian Retail News From Around The Web: February 16, 2017
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Our Article of the Day:
Saks Fifth Avenue Marks 1st Year in Canada with Remarkable Growth
The luxury retailer entered Canada 12 months ago, with a disruptive, action-packed year that included store openings for both its Saks and Off 5th nameplates. It will continue opening Canadian stores into 2018 and onwards as it gains market share from competitors.
Top Stories - National:
-Canada Goose Inc files for public offering on Toronto and New York exchanges (officially) (Financial Post)
-Shopify ends 2016 with solid results, forecasts stronger-than-expected 2017 (Globe & Mail)
-Cannabis industry blows smoke at tobacco rules for plain packaging and bans on advertising (Financial Post)
-Ikea keeps Market Hall campaign sustainable (Strategy)
-Le Chateau Enters Into Financing Agreement (MarketWired press release)
-Punching a Hole in Loyalty Card Programs (Montreal Gazette)
Investing: How Hudson's Bay Co. Gets to $22 Billion (Motley) and Aritzia Inc.: Analysts See 60% Upside (Motley)
-SmartREIT Announces a Partnership to Build Self-Storage Facilities (MarketWired)
-Nordstrom's premium candy shop Sugarfina seeks Canada-wide expansion (Western Investor)
Canadian News - Regional:
Central Canada: ON/QC/Maritimes
-Yonge and St. Clair business owners left reeling after Valentine’s Day blaze (Toronto Star)
-Montreal woman wants to fight 'Pink Tax' in court (CTV) and 'Pink tax' lawsuit could challenge price gap for women's products (CTV)
-Legal notices filed over business losses during LRT construction (Kitchener: CTV)
-Metro Ontario’s year of going local (Strategy)
-Take Time takes over rejuvenated former Macondo Books location (Guelph Today)
-Equal pay for equal work finally a reality for LCBO retail workers (Union Announcement)
Western Canada: BC/AB/SK/MB
-Electra Meccanica Opens First SOLO Intro Store in Downtown Vancouver (MarketWired press release)
-MacKenzie Heights retail area under threat from redevelopment (Vancouver: Straight.com)
-Province considers help for Vancouver businesses hit by huge spike in property values (MetroNews)
-Garth Brooks' nine-show Edmonton run a boon for retailers and a logistical challenge for Rogers Place (Edmonton Journal)
-Doughnut Party: Edmonton duo expand deep-fried dynasty (CBC)
-Butler takes 'right opportunity' Duncan RC shop (Cowichan Valley Citizen)
-'It breaks our hearts': truck crashes into Edmonton strip mall in suspected jewelry theft (CBC)
-Supermarket finds 400 boxes of Star Wars Kraft Dinner for boy with autism (CTV Vancouver Island)
-Nanaimo pot store next to daycare forced to close (Times Colonist)
Our Previous Articles:
-Browns Shoes Announces 3 Store Spring 2017 Expansion
-Why More Retailers Have Announced Store Closings and Bankruptcies in Canada in 2017 [Q&A]
-eTail Canada Conference Releases Full Agenda, Featuring 70+ Speakers
-G-Star RAW Launches Canadian Mall Expansion
-Bizou Continues Store Expansion into 2017
-Innovative Portuguese Retail Concept Expands into Canada with 1st Store
-Kiehl’s Innovates with Canadian Growth Plans for 2017
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