The Future of Retail

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  • FedEx to Expand Retail Presence Through Home Hardware
    FedEx taps Home Hardware retail network to expand reach in Canada

    MISSISSAUGA, Ont. - Courier company FedEx is expanding its Canadian retail presence through an agreement with Home Hardware Stores Ltd. that allows it to open shipping centres throughout the national network …

    FedEx to Expand Retail Presence Through Home Hardware

    MISSISSAUGA, Ont. - Courier company FedEx is expanding its Canadian retail presence through an agreement with Home Hardware Stores Ltd. that allows it to open shipping centres throughout the national network ...

  • People walk past a Crocs store in Quebec City
    Canada retail sales up in Feb but still lower than November

    OTTAWA (Reuters) - Canadian retail sales grew for the second consecutive month in February, by 0.5 percent from January, but still have not completely recouped December's weather-induced losses, according …

    People walk past a Crocs store in Quebec City

    OTTAWA (Reuters) - Canadian retail sales grew for the second consecutive month in February, by 0.5 percent from January, but still have not completely recouped December's weather-induced losses, according to Statistics Canada data released on Wednesday. The sales increase follows a 0.9 percent rise in January and a …

  • A man stands on a skateboard outside a Wal-Mart store in Williston
    Wal-Mart to report how compliance targets impacted executive pay: WSJ

    (Reuters) - Wal-Mart Stores Inc is set to report as soon as Wednesday on how its executives performed on their goals to overhaul compliance operations and how that affected their pay, the Wall Street Journal …

    A man stands on a skateboard outside a Wal-Mart store in Williston

    (Reuters) - Wal-Mart Stores Inc is set to report as soon as Wednesday on how its executives performed on their goals to overhaul compliance operations and how that affected their pay, the Wall Street Journal reported. The company's board will issue a securities filing in the coming days that will detail how well executives …

  • Asia-Pac's ultra-rich investors snapping up prime retail assets

    According to a report by JLL, the transaction of prime retail assets in the region was dominated by buying activity from private, ultra high net worth investors. Two prime high street/retail podium transactions …

    Asia-Pac's ultra-rich investors snapping up prime retail assets

    According to a report by JLL, the transaction of prime retail assets in the region was dominated by buying activity from private, ultra high net worth investors. Two prime high street/retail podium transactions in 2013 consisted of Asia Pacific Land’s sale of the Tiffany store in Ginza, Tokyo, and the Park Hotel Group’s …

  • McDonald's reports lower quarterly profit as sales remain weak

    NEW YORK, N.Y. - McDonald's is fighting to hold onto customers in the U.S.

    McDonald's 1st-quarter profit slips as sales remain weak; April 'modestly positive'

    NEW YORK, N.Y. - McDonald's is fighting to hold onto customers in the U.S.

  • Lululemon shares hit by lack of clear growth outlook

    By Solarina Ho TORONTO (Reuters) - Lululemon Athletica Inc shares slumped as much as 7.4 percent to the lowest in nearly month on Monday as analysts worried about the premium Canadian yogawear retailer's …

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

    By Solarina Ho TORONTO (Reuters) - Lululemon Athletica Inc shares slumped as much as 7.4 percent to the lowest in nearly month on Monday as analysts worried about the premium Canadian yogawear retailer's growth prospects following its analyst day presentation last week. "We came away from these meetings with the distinct …

  • 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 …

  • 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" …

  • 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.