Canadian Retail Thread

[craneSpotter]

Originally Posted by craneSpotter

...HBC bought German retailer Kaufhof in 2015 for 2.8 billion euros, and have not been able to turn the struggling retailer around - a bad move.

Over that past 6 months (ended July 29 2017) HBC has an operating loss of over $420 million, which is worse than the loss of just over 200 million during the comparable period in 2016.

Whew, looks like HBC might have an opportunity to unload its underperforming European store - Kaufhof. Unsolicited bid no less, maybe the buzzards circling??

http://business.financialpost.com/ne...opean-business

[Martin Mtl]

HOLT RENFREW OGILVY : opening in 2020.



The opening of the new Holt Renfrew Ogilvy mega luxury store in downtown Montreal is now set for 2020. The new store will cost 100 m. and will be 248 000 sf. (the current Ogilvy store is 160 000 sf - for comparison: Saks Fifth Ave in downtown Toronto is 170 000 sf, Saks at Sherway Gardens is 144 000 sf, Saks in downtown Calgary is 115 000, while Holt Renfrew on Bloor in Toronto is 170 000 sf).

The new complex in Montreal will include individual boutiques for Chanel, Dior, Fendi, Hermès, Louis Vuitton, Prada and Tiffany & Co. It will have a direct access to the new Four Seasons Hotel.

No news yet on what will happen with the Art Deco Holt Renfrew location on Sherbrooke street West, which will close when the new location opens.

Complete article (in french).

[MonctonRad]

You missed the other (more recent) retail thread just at the bottom of the page. Maybe this should be merged.......

[Martin Mtl]

Originally Posted by MonctonRad

You missed the other (more recent) retail thread just at the bottom of the page. Maybe this should be merged.......

I just did a search with the word retail in the canadian section, and that's the thread that came up first. Yeah, they should be merged I guess.

[Me&You]

Originally Posted by Martin Mtl

HOLT RENFREW OGILVY : opening in 2020.



The opening of the new Holt Renfrew Ogilvy mega luxury store in downtown Montreal is now set for 2020. The new store will cost 100 m. and will be 248 000 sf. (the current Ogilvy store is 160 000 sf - for comparison: Saks Fifth Ave in downtown Toronto is 170 000 sf, Saks at Sherway Gardens is 144 000 sf, Saks in downtown Calgary is 115 000, while Holt Renfrew on Bloor in Toronto is 170 000 sf).

The new complex in Montreal will include individual boutiques for Chanel, Dior, Fendi, Hermès, Louis Vuitton, Prada and Tiffany & Co. It will have a direct access to the new Four Seasons Hotel.

No news yet on what will happen with the Art Deco Holt Renfrew location on Sherbrooke street West, which will close when the new location opens.

Complete article (in french).

Hmmm, some of those store comparisons seem off.

Firstly, there's no Saks in dt Calgary; did they mean Holts?
Has the dt Toronto Saks moved or expanded recently? When I was there in the summer, it seemed like a temporary location within The Bay. One minute you're in The Bay, then Saks, then you turn a corner and you're in The Bay again. I was in a rush with my three year old in tow, but it definitely didn't seem like a dedicated store, and certainly not 170k sf

Either way, the new store in Montreal sounds very nice!

[Martin Mtl]

Originally Posted by Me&You

Hmmm, some of those store comparisons seem off.

Firstly, there's no Saks in dt Calgary; did they mean Holts?
Has the dt Toronto Saks moved or expanded recently? When I was there in the summer, it seemed like a temporary location within The Bay. One minute you're in The Bay, then Saks, then you turn a corner and you're in The Bay again. I was in a rush with my three year old in tow, but it definitely didn't seem like a dedicated store, and certainly not 170k sf

Either way, the new store in Montreal sounds very nice!

The Saks in Calgary in the Chinook center. But the square footage is right though. The Saks in downtown Toronto is a dedicated store and it is 170 000 sf.


https://www.retail-insider.com/retai...0/saks-calgary

[Me&You]

Originally Posted by Martin Mtl

The Saks in Calgary in the Chinook center. But the square footage is right though. The Saks in downtown Toronto is a dedicated store and it is 170 000 sf.


https://www.retail-insider.com/retai...0/saks-calgary

Thanks for the link... when the article said "Saks" and "in downtown Calgary", I wasn't sure, especially since the article was in reference to a new Holts store.

[Martin Mtl]

source

[MolsonExport]

Loblaw admits to bread price-fixing scheme spanning more than 14 years

Grocery giant Loblaw Cos. Ltd. has admitted to participating in a scheme to increase packaged bread prices for more than 14 years, saying it will co-operate with a Competition Bureau investigation into the industry.

...

"This sort of behaviour is wrong and has no place in our business or Canada's grocery industry," Galen G. Weston, chairman and chief executive office of both Loblaw and George Weston, said in a statement late on Tuesday.

wikipedia, imgur

[kwoldtimer]

I've already registered to apply for my $25 rebate. I urge all to do so.

[casper]

Originally Posted by kwoldtimer

I've already registered to apply for my $25 rebate. I urge all to do so.

Yes. Loblaws must be punished.

Register at: https://loblawcard.ca/ for your $25.

Here is another article on the topic:
http://www.canadiangrocer.com/top-st...ign=Newsletter

[MolsonExport]

done!

[Proof Sheet]

Originally Posted by casper

Yes. Loblaws must be punished.

Register at: https://loblawcard.ca/ for your $25.

Here is another article on the topic:
http://www.canadiangrocer.com/top-st...ign=Newsletter

Any limits to the # of email addresses you can register this from

[esquire]

When I checked it said registration doesn't start until January... are you guys seeing something different?

Gimme my money Galen!

[Taeolas]

Right, you are not registering for your giftcard yet. You're giving your email to them to notify you when registration opens up. (So you're giving them your email for their mailing lists until the sun expires).

I assume when registration actually opens, they'll have more checks in place to reduce multiple claims.

[MonctonRad]

I shop at Sobeys, can I apply too????

[MolsonExport]

I really dislike Galen. He comes across as a kindly person, and he is as physically imposing as Stephane Dion (i.e., not at all), but make no mistake, he is a rapacious corporate stooge that would gladly sell his own grandmother to make a buck.

Somebody on this thread once described a store where Galen was filming a BlobLaws commercial, and a few days later, the employees received notice that the store was to be shuttered.

[MolsonExport]

Metro, Sobeys say they didn't violate Competition Act as bread price-fixing story unfolds

[MolsonExport]

Penalties for price-fixing include fines up to $25 million, imprisonment to a maximum term of fourteen years, or both. Courts also can impose orders to prevent the parties to a conspiracy from continuing or repeating the offence.

http://www.competitionbureau.gc.ca/e...g/h_00112.html


torontoist

[MolsonExport]

I love this witty comment:

As usual it's one law for the upper crust, with lots of dough, and another for the rest of us.

http://www.cbc.ca/news/business/brea...xing-1.4457991