TORONTO — Landlords and retailers alike are trying to figure out how shopping malls will look in the future — and how they are going to keep making money — as customers continue to migrate towards online shopping.
North American malls are looking to incorporate more restaurants and the kinds of crowd-pleasing attractions one can find now at the world renowned Dubai Mall, which boasts an aquarium with 33,000 marine animals, a massive indoor ice rink, and a Sega theme park with 150 indoor video games.
TORONTO — Rob Ford’s brother Doug officially launched his campaign for Toronto mayor Saturday in the shadow of his ailing sibling, who he said was “coaching me all the way” despite his hospitalization.
Doug Ford kicked things off with a campaign-office pep talk to a joyful throng of supporters who cheered and chanted “I love you.”
“Thank you, thank you. My heart is beating right now,” he said to applause.
TORONTO — McDonald’s Corp is making its McCafe ground coffee available in Canadian grocery stores this month, the fast-food giant said on Tuesday, part of its broader campaign to win market share in a country long dominated by rivals like Tim Hortons Inc and Starbucks Corp.
The competition to woo Canadian coffee drinkers has intensified in recent years, while rivals have pushed into McDonald’s territory by expanding their own breakfast and lunch menus in order to attract new customers and drive up spending per visit.
The Pep Boys - Manny, Moe & Jack (PBY), the leading automotive aftermarket service and retail chain in the US, announced results for its fourth quarter of fiscal 2013 (4QFY13; ended February 1, 2014) and full-year results yesterday, after markets closed. The stock declined nearly 6% during after-hours trading following missed earnings and revenue estimates.
PopUp Britain, the retail arm of national enterprise campaign StartUp Britain, warns councils need to act now to create quotas to nurture the British high street entrepreneurs of the future.
Figures released today, uncovered that lower-end retailers like payday lenders, cash converters and pound shops are the only high street sector in growth, while major chain store retailers saw a ten-fold increase in closure, with the potential to hit 28 a day this year.
Why did Target stream video for four days of hip personalities living in a fake dorm on a set in Los Angeles? Enticing college kids into decorating their dorms with Target merchandise is only part of the answer. For retailers like Target, the back-to-school period is enormously important. The National Retail Federation reports that back to school is the second biggest season for consumer shopping (the Christmas winter holiday season ranks first, of course).