The Future of Retail

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  • Residents stand outside a spaza convienience shop in Cape Town's Imizamo Yethu township
    South Africa's 'spaza' shops suffer as big retail rolls in

    By David Dolan SOWETO, South Africa (Reuters) - In this corner of South Africa's black township of Soweto, the biggest building used to be the Catholic church. Now it's been overshadowed by a shopping …

    Residents stand outside a spaza convienience shop in Cape Town's Imizamo Yethu township

    By David Dolan SOWETO, South Africa (Reuters) - In this corner of South Africa's black township of Soweto, the biggest building used to be the Catholic church. Now it's been overshadowed by a shopping center and business has only gotten worse for Grace, a 68-year-old shopowner. Like many proprietors of "spaza" shops …

  • A shopper walks out of the Lululemon Athletica store in New York
    Lululemon yoga pants lawsuits in U.S. win final dismissals

    By Nate Raymond and Jonathan Stempel NEW YORK (Reuters) - A U.S. judge has issued final dismissals of lawsuits accusing Lululemon Athletica Inc and various company officials of defrauding shareholders …

    A shopper walks out of the Lululemon Athletica store in New York

    By Nate Raymond and Jonathan Stempel NEW YORK (Reuters) - A U.S. judge has issued final dismissals of lawsuits accusing Lululemon Athletica Inc and various company officials of defrauding shareholders by concealing defects in yoga pants. U.S. District Judge Katherine Forrest in Manhattan had on April 4 issued "draft" …

  • The Money Center is pictured at a new Wal-Mart store in Chicago
    Wal-Mart, seeking to drive customer traffic, enters the money transfer business with a bang

    NEW YORK, N.Y. - Wal-Mart is delving deeper into financial services at its stores and shaking up the money transfer business.

    The Money Center is pictured at a new Wal-Mart store in Chicago

    NEW YORK, N.Y. - Wal-Mart is delving deeper into financial services at its stores and shaking up the money transfer business.

  • Lululemon CEO looks beyond yoga wear for growth

    By Solarina Ho TORONTO (Reuters) - Lululemon Athletica Inc , best known for its trendy yoga wear, hopes to drive growth in coming years by expanding its range of fitness-related apparel and accelerating …

    A Lululemon Athletica logo is seen outside one of the company's stores in New York

    By Solarina Ho TORONTO (Reuters) - Lululemon Athletica Inc , best known for its trendy yoga wear, hopes to drive growth in coming years by expanding its range of fitness-related apparel and accelerating international plans, its newly appointed chief executive said on Thursday. So far, Lululemon has reached only two-thirds …

  • Millennials shunning restaurants — even the ones with jobs

    It’s human nature for kids to make different choices than their parents. But when it comes to the influential Millennial crowd, the children of the Baby Boomers, companies would be wise to pay close attention. …

    Just because Hannah from Girls is an unfocused, entitled, self-involved Millennial, that doesn't mean everyone her age is.

    It’s human nature for kids to make different choices than their parents. But when it comes to the influential Millennial crowd, the children of the Baby Boomers, companies would be wise to pay close attention. This is particularly true in … Continue reading →

  • McDonald's foreign workers call it 'slavery'

    Foreign workers recruited from Belize are accusing McDonald’s Canada of treating them like ‘slaves,' by effectively forcing them to share an expensive apartment – then deducting almost half their take-home …

    Jaime Montero lives with other McDonald's workers from Belize. They said they felt forced to live in an apartment far from work that they couldn't afford.

    Foreign workers recruited from Belize are accusing McDonald’s Canada of treating them like ‘slaves,' by effectively forcing them to share an expensive apartment – then deducting almost half their take-home pay as rent.

  • Lululemon's status as yogawear's top dog at risk

    By Phil Wahba NEW YORK (Reuters) - Still hurting from last year's see-through yoga pants debacle, Lululemon Athletica Inc is about to face a new headache: stepped-up competition from rival yoga retailers, …

    A Lululemon Athletica logo is seen outside one of the company's stores in New York

    By Phil Wahba NEW YORK (Reuters) - Still hurting from last year's see-through yoga pants debacle, Lululemon Athletica Inc is about to face a new headache: stepped-up competition from rival yoga retailers, department stores and hot new brands. The company is facing aggressive competition from stores such as Gap Inc's Athleta, …

  • Supermarket chain Metro says prices could continue to creep higher

    MONTREAL - Supermarket chain Metro says prices for some products could continue to creep higher in the coming months because of the lower Canadian dollar, energy price increases and rising minimum wag …

    Metro denies being left behind as rivals pursue blockbuster acquisitions

    MONTREAL - Supermarket chain Metro says prices for some products could continue to creep higher in the coming months because of the lower Canadian dollar, energy price increases and rising minimum wages....

  • U.S.'s DSW steps into Canada with Town Shoes stake

    DSW Inc is entering the Canadian footwear retail market by acquiring a 44 percent stake in one of Canada's largest shoes and accessories retailer, Town Shoes Ltd, for C$68 million ($62.05 million), the …

    The storefront of footwear retailer DSW is seen in Broomfield, Colorado

    DSW Inc is entering the Canadian footwear retail market by acquiring a 44 percent stake in one of Canada's largest shoes and accessories retailer, Town Shoes Ltd, for C$68 million ($62.05 million), the two retailers said on Tuesday. The Columbus, Ohio-based DSW said it had been looking to enter Canada "for some time" and …

  • H&M CEO warns rising Bangladeshi wages may spook some firms: paper

    Hennes & Mauritz (H&M) , the world's second-biggest fashion retailer, supports higher wages for textile workers in Bangladesh, its chief executive said, but warned that higher costs could also prompt some …

    Persson poses for pictures at the company's office in Stockholm

    Hennes & Mauritz (H&M) , the world's second-biggest fashion retailer, supports higher wages for textile workers in Bangladesh, its chief executive said, but warned that higher costs could also prompt some companies to go elsewhere. The country needs to take into account that jobs could be lost to other countries," German …

  • Gucci takes direct control of Moscow shops

    MILAN (Reuters) - Italian fashion and leather brand Gucci, which is owned by French group Kering , has taken direct control of its shops in Moscow and will open two new sales outlets in the Russian capital, …

    A woman holding an umbrella walks past a company logo of a Gucci boutigue outside a shopping mall amid rainfalls in central Guangzhou

    MILAN (Reuters) - Italian fashion and leather brand Gucci, which is owned by French group Kering , has taken direct control of its shops in Moscow and will open two new sales outlets in the Russian capital, the company said on Monday. The label founded in Florence in 1921 has six shops in Russia, including corners in luxury …

  • U.S. retailers to share cyber threat data after Target attack

    U.S. retailers are planning to form an industry group for collecting and sharing intelligence about cyber security threats in a bid to prevent future attacks in the wake of last year's big attack on Target …

    People shop at Target store during Black Friday sales in the Brooklyn borough of New York

    U.S. retailers are planning to form an industry group for collecting and sharing intelligence about cyber security threats in a bid to prevent future attacks in the wake of last year's big attack on Target Corp. The National Retail Federation said on Monday it will establish an Information Sharing and Analysis Center, …

  • TSX climbs on resource price gains, U.S. retail data

    By Cameron French TORONTO (Reuters) - Canada's main stock index rebounded from last week's weakness and advanced on Monday as resource prices rose on concerns about instability in Ukraine, while data …

    Miners push TSX up amid weather impacted housing data, interest rate forecasts

    By Cameron French TORONTO (Reuters) - Canada's main stock index rebounded from last week's weakness and advanced on Monday as resource prices rose on concerns about instability in Ukraine, while data showed a rebound U.S. retail sales in March. Five of the 10 main sectors on the Toronto stock market's benchmark index …

  • Dollarama hires Metro senior executive as chief operating officer

    MONTREAL - Dollarama says it has hired Metro supermarket chain senior executive Johanne Choiniere as the discount retailer's chief operating officer.

    MONTREAL - Dollarama says it has hired Metro supermarket chain senior executive Johanne Choiniere as the discount retailer's chief operating officer.

  • Canada's Dollarama hires former Metro executive as new COO

    Canada's Dollarama Inc hired a former executive from Canadian grocer Metro Inc to handle the discounter's retail operations, the company said on Monday, eight months after the search for a new chief operating …

    Canada's Dollarama Inc hired a former executive from Canadian grocer Metro Inc to handle the discounter's retail operations, the company said on Monday, eight months after the search for a new chief operating officer began. Johanne Choinière, who was previously senior vice president of Metro's Ontario Division, will join …

  • Bullish U.S. retail sales brighten growth outlook

    By Lucia Mutikani WASHINGTON (Reuters) - U.S. retail sales recorded their largest gain in 1-1/2 years in March in a decisive sign the economy is bouncing back from its weather-induced slumber. The Commerce …

    File photo of shopper walking down aisle in newly opened Walmart Neighborhood Market in Chicago

    By Lucia Mutikani WASHINGTON (Reuters) - U.S. retail sales recorded their largest gain in 1-1/2 years in March in a decisive sign the economy is bouncing back from its weather-induced slumber. The Commerce Department said retail sales increased 1.1 percent last month, the biggest gain since September 2012, with receipts …

  • McDonald's foreign worker practices face growing investigation

    The federal investigation into McDonald’s use of temporary foreign workers has widened to several other locations, as more local workers speak out about feeling sidelined and shortchanged.

    Several temporary foreign workers were brought in to work at this McDonald's franchise in Parksville, B.C. three years ago. Local employees said their hours and pay were cut drastically, as a result.

    The federal investigation into McDonald’s use of temporary foreign workers has widened to several other locations, as more local workers speak out about feeling sidelined and shortchanged.

  • Rising wages squeeze Bangladesh garment makers as factories await upgrades

    By Serajul Quadir DHAKA (Reuters) - Bangladesh garment factory owners say they are soaking up much of the cost of nearly doubling wages as some global retailers balk at price hikes, leaving less money …

    Employees work in a factory of Babylon Garments in Dhaka

    By Serajul Quadir DHAKA (Reuters) - Bangladesh garment factory owners say they are soaking up much of the cost of nearly doubling wages as some global retailers balk at price hikes, leaving less money for safety improvements urged by apparel chains after last year's Rana Plaza disaster. That is squeezing sales in Bangladesh's …

  • Joe Fresh ‘doubles’ garment business in Bangladesh in year after tragedy

    Canadian retailer Joe Fresh is expanding its business in Bangladesh, almost one year after the deadly collapse of the garment factory building where some of its clothes were made, CBC’s the fifth estate …

    Joe Fresh U.S. Flagship Anniversary Party

    Canadian retailer Joe Fresh is expanding its business in Bangladesh, almost one year after the deadly collapse of the garment factory building where some of its clothes were made, CBC’s the fifth estate ...

  • H&M calls for faster factory inspections in Bangladesh

    By Mia Shanley STOCKHOLM (Reuters) - Hennes & Mauritz (H&M) , the world's second-biggest fashion retailer, said on Thursday Bangladesh needed to speed up inspections of its garment industry, almost a year …

    People walk past the window of an H&M textile shop in this longtime exposure photograph taken in Frankfurt

    By Mia Shanley STOCKHOLM (Reuters) - Hennes & Mauritz (H&M) , the world's second-biggest fashion retailer, said on Thursday Bangladesh needed to speed up inspections of its garment industry, almost a year after the collapse of a factory that killed more than 1,100 people. But the inspections have been slow to get under …