But a year after the last Sears stores in Canada were finally shuttered, the picture is a lot less grim than anyone expected – and the future’s looking comparatively sparkly.
“The apocalypse hasn’t happened,” said Diane Brisebois, president of the Retail Council of Canada (RCC), which recently released a study of the 30 biggest malls in the country.
Shopping centre owners spending big bucks to become major destinations for shoppers are continuing to see those investments pay off, according to the Canadian Shopping Centre Study 2018.
Michael Motz, chief operating officer (COO) at Loblaw Companies Ltd., has resigned from the company to assume a role with U.S.-based private equity firm Sycamore Partners.
Motz assumed the role of COO for the retail divisions of Loblaw in January 2018. Prior to that, he was president of Shoppers Drug Mart. [Grocery Business Magazine]
Some bank branches operated by Canadian Imperial Bank of Commerce no longer handle cash at their counters
You've probably seen them on your social media feeds: online ads offering deals that look too good to be true. But have you ever clicked? One Toronto man did and now he's sharing his story to warn oth