Canadian Retail News From Around The Web: May 11, 2017
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Our Articles of the Day:
1) Yorkville Avenue Transitioning to Become a Luxury Retail Street [Feature/Photos]
The once sleepy street is seeing unprecedented interest from international brands. Brokers confirm that the area will change dramatically over the next several years, as Yorkville Avenue finds its place as one of the world's leading luxury retail addresses.
2) London Drugs’ Clint Mahlman Wins Prestigious Canadian Retailer of the Year Award
Retail Council of Canada will present the award at its Excellence in Retail Awards Gala on May 30, and tickets are available.
Top Stories - National:
Update: Canadian Tire profit surges 26% despite warm winter, soaring past market expectations (Financial Post)
-Newly public Aritzia Inc reports strong fourth-quarter earnings as it continues U.S. expansion (Financial Post) and U.S. expansion helps Aritzia earnings (Business in Vancouver)
-Amazon Goes North, Forcing Canada's Retailers Out of Hibernation (Bloomberg)
-Sleep Country waking up to e-commerce opportunity (Canadian Business)
-INDOCHINO Continues to Strengthen Its Senior Management Team (MarketWired press release)
-Legal marijuana will only sip 1% out of$22.1B Canadian booze sales, study suggests (Financial Post)
-Giant Tiger launches its new spring/summer campaign (EPR Retail News)
-Canadian Tire Acquiring Padinox, Owner of the Paderno Brand in Canada (Stockhouse press release)
-Canada's Largest Gas-Station Owner May Set Sights on U.S. Next (BOE Report)
-Second Cup CEO departs abruptly, two days before coffee chain’s shareholders’ meeting (Financial Post)
Canadian News - Regional:
Central Canada: ON/QC/Maritimes
-The Well: Retailers and Offices to Anchor Mixed-Use Community (Urban Toronto)
-Gwyneth Paltrow's Goop “Pop-In” store coming to Toronto (Toronto Star)
-Spring means rebirth for Waterloo retailer (Waterloo Record)
-Toronto eatery adds surcharge for employee benefits, customer reaction mixed (CTV)
-Zero-waste initiatives take root in Vaudreuil-Dorion (Montreal Gazette)
-Ottawa's Sundae School sweetens Beechwood retail mix (Ottawa Business Journal)
Western Canada: BC/AB/SK/MB
-A tale of 2 shopping districts: Sunny days for Seasons of Tuxedo, but are others left behind? (Winnipeg: CBC)
-Whitehorse's thrift stores are gone, but the flea market lives on (Yukon News)
-5 Must Visit Antique Shops In Vancouver and New Westminster (604 Now)
-Pay-at-pump still optional despite gas-and-dash risks (Calgary Herald)
Our Previous Articles:
-Why Retail Should be a Priority in Urban High-Density Developments
-Sleep Country Canada Takes on Casper
-MCM to Open 1st Freestanding Canadian Store this Fall
-Nordstrom Prepares to Open CF Sherway Gardens Store
-Tiffany & Co. Unveils Expanded Vancouver Flagship
-Change of Scandinavia Confirms 3 More Canadian Locations to Open this Year
-Inside Filson’s 1st Canadian Store [Photos]
-Outlet Collection Winnipeg Opens to Huge Crowds [Photos/Floor Plan/Store List]
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