From luxury brands to fast-fashion and discounters, shoppers will have even more options to shop at physical stores as well as on the web, as brands open their own Canadian e-commerce sites to capture online shoppers.
(Style Democracy
)
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Chef Mark McEwan has officially opened his third McEwan grocery store at 1 Bloor Street East in downtown Toronto. The impressive space is a hybrid grocery store and restaurant that some refer to as a ‘grocerant.’
(Retail Insider)
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Indochino expects a 43% year-over-year increase in sales in 2018 (its fiscal year ends Feb.3), an anticipated 2016-2018 compound annual growth rate of 55%, and its second EBITDA positive year in a row.
(
ChainStoreAge
)
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Great work by our RCC/WSIB Safety Group program who achieved a final score of 86% and ranked 7th out of 24 sponsors in Ontario.
Our members received nearly $500,000 in rebate returns in 2018!
Rebate cheques were presented in December by Chair Witmer, VP Rodney Cook and RCC’s VP Sonny Brar. For more information on how to join The Safety Group program contact
Sonny
Brar sbrar@retailcouncil.org
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Who can set things right, by getting cannabis into the hands of those who want it at prices the black market will be hard pressed to match? How about Jim Pattison, along with the Weston and Sobey clans and the folks running Metro Inc.
(Subscribers Only - The Globe & Mail)
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Nearly 17,000 expressions of interest were included in Friday’s draw, roughly two-thirds of which came from sole proprietorships, stacking the odds heavily against established retailers.
(Subscribers Only- The Globe & Mail)
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While it's certainly not the only one, a major key to grocery retail transformation lies in knowing when to go it alone with a plan – and when to get a partner.
(Progressive Grocer)
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The bankrupt retailer and its chairman, Edward S. Lampert, have reached a $5.3 billion deal that would keep its 425 stores open and its 50,000 employees at work, according to a person familiar with the situation.
(NYT)
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The Commerce Department’s monthly data are crucial to get a bigger picture because about 90 percent of retail sales come from small businesses, he said. Recently, several large publicly-traded retailers such as Macy’s Inc. and Kohl’s Corp. provided discouraging updates.
(Bloomberg)
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As part of the bankruptcy process, the company expects to close much of the roughly 900 stores it operates under the Gymboree, Janie and Jack and Crazy 8 brands, the person said.
(CNBC)
In light of the large-scale forces disrupting the US retail industry, once-optional moves have become imperatives.
(McKinsey)
Nordstrom, among the latest retailers to release holiday numbers, was buoyed by its off-price unit, but faced lower traffic at flagship stores.
(Retail Dive)
The only thing I know about this list is that several big things are certain to happen that I either missed or that no one could possibly predict. Either way, it's always worth going out on a limb. After all, that's where the fruit is.
(Forbes)
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RCC EVENTS
Feb 28, 2019
April 18, 2019
May 28 & 29, 2019
May 28, 2019
May 29, 2019
RETAIL INDUSTRY EVENTS
Feb 12, 2019
Feb 26-27, 2019
ON DEMAND WEBINAR
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News For Retail Entrepreneurs
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The newly launched EMMYDEVEAUX women’s fashion brand, based out of Edmonton, is showing promise for emerging Canadian brands as it sees tremendous gains selling both online as well as in its first permanent retail space.
(Retail Insider)
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The Yukon government says pot sales in the territory have been good, and it's ready for "the next step" in legalization — allowing private retailers to get a piece of the action.
(CBC)
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Spotlight on Retail Technology
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Ecommerce in Canada continues to evolve, presenting retailers in Canada with boundless opportunities.
(Canadian Retailer)
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In the (possibly not so distant) future, your smart speaker might order the laundry detergent that it thinks is best for you rather than that brand you've always bought.
(CBC
)
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While technology undoubtedly has transformed the retail landscape, it also has been pushing the industry forward to create new kinds of customer experiences. Technology may be killing retail, but it could be saving it as well.
(TechnewsWorld)
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Corporate innovation programs seem to start strong and sharp, but over time, they are devoured and diminished by surrounding day-to-day business processes, making maintaining momentum nearly impossible," Emmons wrote. "It's one thing to talk about agility and risk, but when you're not built for either, measured by cost reductions and operating silos, results tend to be only incremental.
(Dallas News)
Fancy things were all the rage among retailers this week: Supermarket chain Kroger Co. and Microsoft Corp. unveiled a partnership to build futuristic stores with digital shelves and data-gathering sensors, all powered by the software company’s cloud network, while Walmart Inc. added another autonomous car company to its roster of driverless delivery vendors.
(Bloomberg)
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RCC provides a place for employers and job seekers to connect. If you are a retail employer, please email your career opportunities
mwestman@retailcouncil.org
. We will post your link on our website.
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