Top Retail News Stories of 2013
New jail inmates & CEOs, lawsuits, body shaming, closing of stores & opening of stores – it all happened in 2013. Check out some of the best, most interesting and controversial stories that happened this year below:
This literally came across our desk a couple minutes ago, but we just got word that Nordstom has announced concrete plans to open in Yorkdale Fall 2016. “We are thrilled to bring a store to Yorkdale Shopping Centre and view this as a tremendous opportunity to serve Toronto,” said Karen McKibbin, President of Nordstrom Canada… Read more.
Hudson’s Bay has just opened a 50,000 square foot women’s shoe show floor on the ground-floor of the company’s Flagship Queen Street store in Toronto. According to popular retail website – Retail-Insider, the shoe floor is currently the 4th biggest in the world – with only stores in Dubai, New York and Paris surpassing the 50,000 sq. foot mark… Read more.
While not related to the Canadian Fashion/Retail scene, this is pretty big news anyways! Shortly after a three-hour jury room meeting today in Italy, Judge Antonella Brambilla has found fashion design duo Domenico Dolce and Stefano Gabbana guilty of tax evasion and handed down a 1 year 8 month jail sentence to both parties… Read more.
Canadian retailer Hudson’s Bay co. has recently said that it will acquire U.S. based luxury retailer Saks Inc. for $2.9 billion dollars. The Bay has said that it plans to keep the two brands as separate entities, but as consumers you’ll start seeing Saks brands at HBC stores after the deal goes through… Read more.
The Toronto Premium Outlet houses some of the biggest brands and will have discount offerings from 25-65% off. Some of the stores that we’re most excited about include: Burberry, Hudson’s Bay Outlet, J. Crew, Michael Kors, Ted Baker London, Coach, Adidas and the Body Shop… Read more.
Our friends at Retail- Insider got the scoop that there is a pretty good chance Designer Shoe Warehouse(DSW) will open stores in Canada. The inside knowledge comes from a Colliers Canada report released yesterday. With a huge selection and low prices, if DSW does enter the Canadian market, already established Canadian discount-shoe retailers will have some major competition… Read more.
Competition has been increasing for the Canadian department store, Sears, and the retailer has been struggling to keep up. Late this summer, the company announced plans to lay off 245 employees in Toronto at their head office and have already sold leases for stores in Yorkdale Mall, Square One and in Vancouver’s Pacific Centre… Read more.
Over the summer, we announced that the iconic discount retailer, Honest Ed’s was on the market. The store has been open for over 60 years and has been a staple to Bloor West since it opened in 1948. Last Sunday, David Mirvish signed a deal to sell the site to Westbank Properties of Vancouver, the same developers that built the Shangri-La Hotel… Read more.
If you’ve ever owned a pair of Lululemon pants, you know how comfy they are. You’ll also know that after a while of wear, they’ll start to pill and even go sheer. This past Tuesday, Lululemon owners, Chip and Shannon Wilson, were featured on Bloomberg TV’s ‘Street Smart‘. When asked to comment on the complaints of the aforementioned problems, Chip had an interesting and offensive answer… Read more.
A couple of weeks ago, we reported that Sears was selling the leases on 5 of their biggest retail locations. It looks as if things are going really badly for the department store and it doesn’t seem like they’ll be looking up anytime soon. Late last week, it was reported that popular jacket maker, Canada Goose, launched a trademark infringement lawsuit against Sears, accusing them of… Read more.
Our friends at Retail- Insider are reporting that Saks Fifth Avenue will build its Canadian flagship at 44 Bloor Street West in Toronto replacing the 342,000 square foot Hudson’s Bay store. Apparently, the new store will cost an estimate $100 million to build… Read more.
12. La Maison Simons to Open Store at Square One Mall
During the summer, we reported that the CEO of La Maison Simons president & CEO Peter Simons was actively negotiating for space at Yorkdale and Square One malls in Toronto. Yesterday, our friends at Retail-Insider revealed that La Maison Simons will open a 113,000 square foot… Read more.