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    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 Canada Locations


    Sears Canada loss more than doubles while revenue, same-store sales drop

    One week after announcing Sears Holdings Corporation announced it was considering selling off its stake in Sears Canada, the Canadian segment announced that its first-quarter loss was $75.2 million, up from $31.2 million in 2013’s first quarter.

    To view full article, click here


    Sears Canada hoping to woo back customers

    Sears Canada chief executive officer Doug Campbell has some unhappy numbers to discuss at the annual general meeting scheduled for Thursday morning.

    Total revenue at the department store chain dropped to less than $4-billion in 2013, down from $4.3-billion the year before. Same-store-sales were down 2.7 per cent, according to the company’s 2013 annual report.

    To view full article, click here


    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.


    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.


    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.