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
RONA completes sale of DC near Montreal
Fri, April 19th, 2024
Home Hardware marks 60 years
Fri, April 19th, 2024
Retail Council event will tackle HR questions
Fri, April 19th, 2024
Construction spending slips in February
Fri, April 19th, 2024
Wolseley adds a store in British Columbia
Thu, April 18th, 2024
Canadian Tire voted one of Canada's most trusted brands
Thu, April 18th, 2024
Amazon's European shipments will ride the rails
Thu, April 18th, 2024
Throwback Thursday: Ten years ago we reported on the giant salaries that CEOs were paid
Thu, April 18th, 2024
Federal budget: Capital gains tax hike will hit business owners
Wed, April 17th, 2024
Retailers among Canada’s Greenest Employers
Wed, April 17th, 2024