The Future of Retail

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  • Ronald McDonald in new global mission
    Ronald McDonald takes to Twitter, gets new outfit as McDonald's puts focus back on clown

    Ronald McDonald has a new look, and he's ready for a selfie.

    Ronald McDonald in new global mission

    Ronald McDonald has a new look, and he's ready for a selfie.

  • Sears Canada CEO says not pursuing more asset sales for now

    By Solarina Ho TORONTO (Reuters) - Department store chain Sears Canada is not actively pursuing any asset sales but would consider opportunities that would "substantially" add value, the company's chief …

    By Solarina Ho TORONTO (Reuters) - Department store chain Sears Canada is not actively pursuing any asset sales but would consider opportunities that would "substantially" add value, the company's chief executive said on Thursday. Sears Canada, 51 percent controlled by hedge fund billionaire Edward Lampert and his Sears …

  • Sears Canada CEO wants middle-class shoppers, won't chase upscale market
    Sears Canada CEO wants middle-class shoppers, won't chase upscale market

    TORONTO - Sears Canada isn't interested in stocking high-priced runway styles and lavish decor because it's not what middle-class shoppers want to buy, chief executive Douglas Campbell says.

    Sears Canada CEO wants middle-class shoppers, won't chase upscale market

    TORONTO - Sears Canada isn't interested in stocking high-priced runway styles and lavish decor because it's not what middle-class shoppers want to buy, chief executive Douglas Campbell says.

  • 1 year after horrific garment factory collapse, Bangladeshi workers skeptical of promises

    SAVAR, Bangladesh - One year after the Rana Plaza garment factory collapsed in a pile of concrete slabs and twisted metal, Bangladeshi seamstress Shefali says she would rather starve to death than return …

    Compensation demands ‘still to be met’ one year on from Bangladesh factory collapse

    SAVAR, Bangladesh - One year after the Rana Plaza garment factory collapsed in a pile of concrete slabs and twisted metal, Bangladeshi seamstress Shefali says she would rather starve to death than return ...

  • Loblaws real estate spinoff Choice Properties beats its first-quarter forecast

    BRAMPTON, Ont. - Loblaw spinoff Choice Properties Real Estate Investment Trust (TSX:CHP.UN) delivered first-quarter results on Wednesday that it says are in line with forecasts it made last summer.

    People walk by a Loblaw Companies Limited grocery store with a Joe Fresh clothing store inside, in Toronto

    BRAMPTON, Ont. - Loblaw spinoff Choice Properties Real Estate Investment Trust (TSX:CHP.UN) delivered first-quarter results on Wednesday that it says are in line with forecasts it made last summer.

  • McDonald's Canada freezes use of foreign worker plan

    By Julie Gordon VANCOUVER (Reuters) - The Canadian unit of McDonald's Corp has suspended all of its applications under the country's temporary foreign worker program as its undergoes a third-party audit …

    A McDonald's drive-thru location is seen in Toronto

    By Julie Gordon VANCOUVER (Reuters) - The Canadian unit of McDonald's Corp has suspended all of its applications under the country's temporary foreign worker program as its undergoes a third-party audit on its use, the restaurant chain said on Wednesday. The move comes after the fast-food giant was criticized in media …

  • FedEx taps Home Hardware retail network to expand reach in Canada

    TORONTO - As more Canadians turn to online shopping, FedEx hopes an agreement to open shipping centres at Home Hardware Stores Ltd. will help it grab a larger piece of the growing e-commerce market.

    FedEx to Expand Retail Presence Through Home Hardware

    TORONTO - As more Canadians turn to online shopping, FedEx hopes an agreement to open shipping centres at Home Hardware Stores Ltd. will help it grab a larger piece of the growing e-commerce market.

  • 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 …

  • 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....