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Retail News

New head of Target Canada plots his course to a turnaround

The new boss of Target Canada has drawn up a detailed plan to fix its raft of problems – from too many items jammed in its warehouses to pricing that is too high because 1,000 of its...

Posted on 8-13-2014 at 6:17 AM

Housewares battle pushes Bowring, Bombay into bankruptcy protection

A trio of housewares chains owned by a prominent Canadian retailing family has gone into bankruptcy protection, adding to a growing array of domestic stores that are faltering in the face...

Posted on 8-12-2014 at 8:17 AM
Amazon stops some Disney movie preorders

Amazon stops some Disney movie preorders Inc. has halted pre-orders of some Disney movies, the Wall Street Journal reported, in what appears to be another contract dispute after the online retailer began a protracted...

Posted on 8-11-2014 at 8:19 AM

Lululemon founder to sell half his stake to private equity firm

After a months-long battle, Lululemon Athletica Inc. founder Chip Wilson has an agreement with the yoga wear retailer’s board of directors which will see him team up with a private equity...

Posted on 8-07-2014 at 11:07 PM
Canada luxury shoppers gain U.S. chains’ favour

Canada luxury shoppers gain U.S. chains’ favour

Luxury shoppers in Canada, for years ignored by upscale American chains, are finally getting some respect.

Posted on 8-07-2014 at 5:25 PM

Canadian Tire names Michael Medline as new chief executive

Retailer Canadian Tire Corp. Ltd. reported a higher quarterly profit and named Michael Medline chief executive, effective Dec. 1.

Posted on 8-07-2014 at 8:19 AM

U.S. private equity firm considers bid for Sears Canada, report says

Sycamore Partners, which recently bought Jones Group, Talbots and Hot Topic, is considering a bid for Sears Canada Inc., the New York Post reported, citing a person familiar with the matter.

Posted on 8-05-2014 at 10:30 AM

Target cuts profit estimate as data breach costs rise

Target Corp. cut its second-quarter earnings estimate due to a significant rise in costs related to a data breach last year and higher promotions and discounts to lure customers in North...

Posted on 8-05-2014 at 9:16 AM

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