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.
Turn down the music, tone down the cologne, pull up the blinds, cover up that midriff — these are just a few of the ideas Abercrombie & Fitch seems to be channeling from concerned parents and test-driving in a mock-up of its Hollister brand stores at its corporate campus, Bloomberg news reports.
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.
Because Americans obviously can not be trusted with making the right, or any, decisions, without parental supervision, the CVS Caremark pharmacy chain has decided to do it for them. "CVS Caremark announced today that it will stop selling cigarettes and other tobacco products at its more than 7,600 CVS/pharmacy stores across the U.S. by October 1, 2014, making CVS/pharmacy the first national pharmacy chain to take this step in support of the health and well-being of its patients and customers.
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.