TORONTO — Retail enthusiasm for Canadian expansion has cooled in the aftermath of Target’s botched entry, according to a new report from commercial real estate firm CBRE. Canada was the number-six destination for new retailers at the end of 2012, Global News reports, but now neither it nor any of its cities makes the ranking. Target’s experience may have cautioned other retailers, with Nordstrom pushing back introduction of its discount Rack banner to 2017.
Target misstep puts retailers off Canada
Most Recent
Most Read
BeautiTone unveils 2025 Colour of The Year
Fri, October 04th, 2024
Building materials prices slump in Quebec
Fri, October 04th, 2024
Amazon slated to hire 9,000 employees
Fri, October 04th, 2024
Grainger begins work on warehouse
Thu, October 03rd, 2024
Port strike could cost U.S. economy billions
Thu, October 03rd, 2024
Small businesses to get carbon rebates
Thu, October 03rd, 2024
Port strikes across North America loom large
Wed, October 02nd, 2024
Minimum wage climbs in four provinces
Wed, October 02nd, 2024
U.S. construction spending dips unexpectedly
Wed, October 02nd, 2024
Canfor announces CEO’s departure
Tue, October 01st, 2024