A week before Christmas at a crowded Target store in Brooklyn, Jay Wangel swiped his debit card, punched in his PIN, and walked away from the cashier with his last minute holiday shopping completed. Wangel uses his debit card several times a day, whereas he only pulls out his credit card about once a month. “I don’t like to carry a balance,” he says. “I struggled to pay off debt for a couple of years.”
TORONTO — With news from its U.S. parent about lower sales and operating earnings at Sears Canada in the critical holiday quarter, the future looks increasingly grim for the Canadian department store chain as rival Target Canada gets ready to open stores here in two months.
By Simple Value:Since the recession began in 2008, department and general retailers have toted that they have taken the change in the market as an opportunity to clean up their houses. The mantra has been that the bottom line can remain stable or improve as companies improve their back office and supply chains as well as toughen negotiations with suppliers. In effect, retailers have taken the reduction in the top line throughout the company by pushing back on vendors and squeezing their cost centers.
Nordstrom's Pinterest community could soon have influence over what is displayed in stores. The retailer is testing showcasing the most popular items on Pinterest in various departments of its physical stores.
Amazing service and an unrivalled selection of great shoes — that is what the Nordstrom experience will bring to Canada, its president vowed Wednesday.
The tony department store retailer which started as a Seattle shoe store in 1901 is laying the foundation to open its first Canadian store in Calgary in the fall of 2014, sending a recruiter into the market early to look for exceptional retail talent and talk to local schools about the company’s reputation for above-average customer solicitude.
TORONTO – Hudson’s Bay Co. is looking forward to the arrival of rival Nordstrom to Canada, its chief executive says — if only to showcase the veteran Canadian retailer’s superior deals to consumers.
Richard Baker said Wednesday Nordstrom’s first store in Calgary in 2014 will likely strike consumers as beautiful and staffed with many helpful salespeople, but nevertheless as being “really expensive,” given his perspective from operating the rival Lord & Taylor chain in the U.S.
Macy’s has been getting a lot of grief for announcing that the store will open its doors to shoppers on Thanksgiving for the first time ever. But because its retail competitors are doing the same — and because our shop-anytime-anywhere culture demands it — the department store probably has no choice but to play along. This past week, soon after the store announced it would open its doors at 8 p.m. on the night of Thanksgiving, the masses began denouncing the move as greedy, misguided, and unfair to the employees being forced to work on a day traditionally reserved for family.