NEW YORK — American retailers are learning to “speak Canadian,” and looking to familiarize themselves with the market to their north as more and more firms expand here, according to the Wall Street Journal. Retailers like Harry Rosen are doubling down efforts to compete with the influx of American competitors like Nordstrom and Saks Fifth Avenue, hoping that their home turf savvy will give them an edge. Interest in Canadian expansion is increasing among U.S. retailers even as Canadian shoppers are showing signs of slowing down. Upscale retailers like Holt Renfrew have announced store closures, and Bank of Montreal chief economist Douglas Porter calls it “ironic that many U.S. retailers have been looking at the so-called greener pastures in Canada at a time when it looks as if the growth will actually be stronger in the U.S. market.”
U.S. retailers adapting to Canada
Most Recent
Most Read
Weyerhaeuser sales, earnings slip in Q2
Fri, July 26th, 2024
Don’t miss the incredible speakers at the Hardlines Conference!
Fri, July 26th, 2024
Canfor announces CEO succession
Thu, July 25th, 2024
West Fraser reverses Q2 loss
Thu, July 25th, 2024
Tractor Supply’s comp sales dip in Q2
Thu, July 25th, 2024
Loblaw turns in mixed Q2 results, strong online sales
Thu, July 25th, 2024
In memoriam: blues rock legend John Mayall
Thu, July 25th, 2024
Barcodes turn 50
Wed, July 24th, 2024
Featured Classified: RONA
Wed, July 24th, 2024
RONA affiliate makes acquisitions in Ottawa area
Tue, July 23rd, 2024