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Retail News

Target to seek two-month extension of protection from creditors
Target already has pulled mobile phone products from its 133 Canadian outlets and closed Starbucks cafés in them, according to a filing on Friday with the Ontario Superior Court of Justice. Soon it will begin liquidation sales and set up a data room for would-be buyers of its store leases to try to collect whatever value is left in the business, the documents say.
Posted on 1-30-2015 at 2:40 PM
Coke to change its formula in Canada, scaling back sweetness and cutting calories
Coca-Cola is revamping its flagship product in Canada, making it a little less sweet and bringing it in line with Coke in its other markets around the world.
Posted on 1-27-2015 at 7:12 AM
Uniqlo to open first Canadian stores in 2016
Just as U.S. discounter Target prepares to leave Canada, fast-growing Japanese cheap-chic fashion chain Uniqlo has announced it is setting up shop here.
Posted on 1-26-2015 at 9:12 AM
Sears Canada names Ronald Boire CEO
Struggling department store chain Sears Canada named Ronald Boire president and chief executive.
Posted on 1-26-2015 at 8:23 AM
Black Friday helps push November retail sales up 0.4%
Canadian retail sales unexpectedly rose by 0.4 percent in November to a record high $43.03 billion ($34.70 billion US), pushed up in part by promotions such as Black Friday, Statistics Canada data indicated on Friday.
Posted on 1-23-2015 at 9:12 AM
Walmart to open 11 new supercentres across Canada
Walmart Canada told BNN it has "nothing to announce regarding Target or other locations and can't speculate on future decisions," when asked whether the retailer plans to occupy any of Target Canada's store locations.
Posted on 1-22-2015 at 12:00 PM
Family Dollar shareholders approve Dollar Tree deal
About 74 percent of the total outstanding shares of Family Dollar were voted in favour of the deal on Thursday.
Posted on 1-22-2015 at 11:33 AM
Target Canada owes billions to long list of creditors
Insolvent Target Canada owes billions of dollars to a long list of companies – big and small – including such familiar names as Procter & Gamble, Mattel and Nestle.
Posted on 1-22-2015 at 6:54 AM

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