William Ackman's Pershing Square Capital Management LP cashed out its 0.71 per cent stake in Nike Inc, making a profit of about US$100 million, according to a source familiar with the matter.
Toys ‘R’ Us founder Charles Lazarus dies at 94
Charles Lazarus, who combined supermarket-style service with touches of whimsy in creating Toys “R” Us Inc., a retail success that fought high debt and fierce competition and finally succumbed just last week, has died. He was 94.
Toys 'R' Us trouble forces Dorel to take on bad debt expense
Quebec-based manufacturer Dorel Industries Inc. has incurred a $4.9-million bad debt expense because of Toys "R" Us winding down its U.S. business and liquidating its inventory.
Without citing its sources, Manager Magazin reported that Kaufhof was suffering because of rental increases amounting to 50 million euros anually imposed on it by Hudson's Bay, which is also Kaufhof's main landlord. A Kaufhof spokesman declined to comment.
Canada Goose plans more in-house production as it eyes higher margins
"We'd like to grow our internal capacity," Chief Executive Officer Dani Reiss said, referring to the move as one of its "pillars of growth."
Nordstorm ends talks with founding family over take-private offer
Nordstrom Inc said on Tuesday it ended discussions with its founding family over taking the U.S. department store operator private after failing to agree on an acceptable price.
The co-president of U.S. luxury department store giant Nordstrom says brick-and-mortar retailers are not going anywhere as the chain gears up to open its first discount store in Canada this week.
Amazon has looked at acquiring some Toys 'R' Us stores: Report
Amazon.com Inc. has looked at the possibility of expanding its retail footprint by acquiring some locations from bankrupt Toys “R” Us Inc., according to people with knowledge of the situation.
Couche-Tard hit by lower gas margins, higher expenses in Q3
The owner of the Circle K chain of stores said net income rose to US$463.9 million, or 82 cents per share, in the quarter ended Feb. 4, from US$287 million, or 50 cents per share, a year earlier.
Consumer trust in Loblaw falls 10% in wake of bread scandal: Survey
Consumers are losing trust in Loblaw after the company admitted to intentionally raising bread prices over a 14-year period, according to a new survey by Dalhousie University's Faculty of Management.