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Retail News

Suppliers take aim at Target Canada
Suppliers of insolvent Target Canada want to challenge a $1.9-billion intercompany debt that threatens to dilute the recovery of all other unsecured creditors.
Posted on 3-05-2015 at 12:28 PM
Costco profit advances as revenue growth outpaces Wal-Mart
Sales at Costco stores open a year or more increased 8 percent in the quarter, excluding changes in gasoline prices and foreign-currency exchange rates. In its most recent quarter, Wal-Mart reported a 1.5 percent increase in U.S. same-store sales, while Target posted a 3.2 percent gain.
Posted on 3-05-2015 at 7:20 AM
Status quo in Canada as McDonald's USA abandons human antibiotics in chicken
While McDonald’s USA is taking the most aggressive step by a major food company in the fight against dangerous superbugs, McDonald’s Canada is choosing to stay put.
Posted on 3-04-2015 at 11:21 AM
Target to cut thousands of jobs as seeks to cut costs by $2B
The cost-cutting forms a key plank of a revival plan outlined by Chief Executive Officer Brian Cornell, who has sought to narrow the retailer's focus to a handful of product lines where Target believes it has an edge on quality and price while also investing to catch up with rivals online.
Posted on 3-04-2015 at 9:14 AM
Target Canada owed $1.9B from its own property firm
The battle over the $1.9-billion claim steps up the tensions between Target Canada and its creditors as they try to regain as much as they can in the wake of Target Corp.’s disastrous first foray outside its U.S. home market.
Posted on 3-04-2015 at 7:32 AM
Costco strikes deal with Visa, Citigroup after dropping AmEx as U.S. partner
Costco Wholesale Corp. said it is joining with Visa Inc. and Citigroup Inc. after ending a long-time partnership with American Express Co.
Posted on 3-02-2015 at 8:29 AM
Lumber Liquidators flooring fails safety tests: '60 minutes'
Lumber Liquidators sold flooring with higher levels of formaldehyde than permitted under California's health and safety standards, according to television news program "60 Minutes".
Posted on 3-02-2015 at 9:14 AM
Canadian Tire profit beats on strong automotive, sports gear sales
Same-store sales at Canadian Tire stores rose 2.8 percent in the fourth quarter ended Jan. 3, as it sold more winter tires for cars and light truck tires, as well as homeware products.
Posted on 2-26-2015 at 7:54 AM

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