Walmart Canada is looking to strengthen its online presence by adding third-party sellers to its website. The company says it's starting with 27 sellers, who will be offering products ranging from diapers to sporting goods in an effort to quadruple the products available on the site by year end. The move follows a similar effort by Best Buy Canada in 2015 to be a go-between for online sales when it launched its Marketplace platform, with the promise of boosting choice and of making shipping easier by allowing people to pick up products in its stores...
As the company matures, it will become harder to sustain year-over-year growth rates of more than 70 per cent, as Shopify has done for the last five years.
The fast-growing Canadian company has helped hundreds of thousands of entrepreneurs start online stores.
Don Watros has made the decision to leave HBC effective September 29, 2017. “With a seasoned leadership team in place in Europe and our plans to bring Hudson’s Bay to the Netherlands and Saks OFF 5TH to Europe coming to fruition, the time is right for me to pursue my next chapter,” said Mr. Watros. “I look forward to following the Company’s continued growth.”
Analysts at TD Securities say reports that management at Lord & Taylor and Saks Fifth Avenue parent Hudson's Bay Co.
Massive flooding in southeast Texas has already impacted gasoline prices in the surrounding area, and one expert says the same could soon happen in Canada.
Amazon.com Inc. spent its first day as the owner of a brick-and-mortar grocery chain cutting prices at Whole Foods Market. At the Whole Foods on 57th Street in Manhattan, organic fuji apples were marked down to US$1.99 a pound from US$3.49 a pound; organic avocados went to US$1.99 each from US$2.79; organic rotisserie chicken fell to US$9.99 each from US$13.99 and the price of some bananas was slashed to 49 cents per pound from 79 cents. The items marked down had orange signs reading “Whole Foods + Amazon.” The signs listed the old price, the new price and “More to come…”.
Ten months after my initial analysis of Aritzia Inc. (TSX:ATZ) following the Canadian fashion company’s initial public offering (IPO), I thought I would do a follow-up piece to see how the retailer has fared over its first three quarters as a publicly traded company. As it turns out, Aritzia has not been an overwhelming success, to put it lightly...