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    Recent Posts

    Recent Articles

    Target announces Starbucks as coffee retailer for Canadian stores (Starbucks Newsroom)

    Loblaws launching loyalty program to coincide with Target entry (Globe and Mail)

    Zellers reviews options for outlets ‘left behind’ (Globe and Mail)

    Canadian malls are the Target of expansion(Montreal Gazette)

    Sobeys and Target: a winning combination (Financial Post)

    Target’s rejected sites in high demand by rival retailers (Globe & Mail)

    Walmart, Canadian Tire in Target's crosshairs (Financial Post)

    What we can expect: Tony Fisher talks about Target Canada (Financial Post)

    Target’s Canadian foray hits cost hurdle (Globe & Mail)

    Announcement of which Zellers are to convert coming by end of May? CTV

    "Death of Canadian retail greatly exaggerated" Rona CEO (Financial Post

    Impact on Canadian Tire (Financial Post)

    Canadian Retail Industry Viewpoints (Profit Magazine)

    Sears

     

     Sears Canada Locations

    Wednesday
    Jan222014

    Sears closing flagship store in Chicago's Loop

    Sears Holding Corp. plans to close its struggling store at 2 N. State Street in early April, ending a 13-year run for the once-storied retailer downtown.

    The store “has lost millions of dollars” since it opened, a spokesman for Hoffman Estates-based Sears said in an email, losses that forced the company to finally pull the plug.

    To view full article click here.

    Friday
    Jan172014

    From Eaton’s to Sears to Nordstrom

    After months of rumours following Sears Canada’s decision to close its Eaton Centre store, Nordstrom announced this morning that it will open at the corner of Yonge and Dundas. Scheduled to open in the fall of 2016, the high-end American retailer plans a three-floor department store; it’ll take up one-third of the space shoppers enjoyed when Eaton’s opened on the site in 1977.

    To view full article click here.

    Friday
    Jan172014

    Sears Canada is ready to sell its 27 Quebec store leases 

    Sears Canada is reportedly interested in selling its 27 store leases in the province of Quebec. Sources say that these stores could be sold if Sears receives advantageous offers from landlords, similar to deals made in English Canada. Although Nordstrom entered the Canadian market through Sears lease purchases, we don't believe Nordstrom will take any of the Quebec leases.

    To view full article click here.

    Wednesday
    Nov202013

    Sears Canada Q3 Results

    "Total revenues for the 39-week period ended November 2, 2013 were $2,809.5 million compared to $3,039.3 million for the 39-week period ended October 27, 2012, a decrease of 7.6%.  Same store sales decreased by 1.2% during the 39-week period."

    Complete earnings anouncement here

    Tuesday
    Nov122013

    Sears Announces Sale of 50% Stake in 8 Stores

    Sears Canada Inc. announced that it has reached a definitive agreement with Montez Income Properties Corporation to sell its 50% joint venture interest in eight properties it owns with The Westcliff Group of Companies for approximately $315 million. The agreement is subject to customary closing conditions including site investigations and financing. The transaction is scheduled to close on January 8, 2014. The properties involved are comprised of four regional shopping centres, two strip centres and two open-format retail centres. Westcliff will continue as 50% owner and exclusive manager of the properties. (Sears Canada)