The success of the Stranzl bid will determine whether Sears continues to operate, saving thousands of jobs (Marina Strauss, Globe & Mail)
Sears Canada could begin a full liquidation of the business as soon as Oct. 19 as the clock runs down on an offer from executive chairman Brandon Stranzl. (Hollie Shaw, Financial Post)
A $500,000 hardship fund created for former Sears Canada employees is facing a possible $200,000 shortfall, according to court documents.
Shares in Shopify were down by as much as 11 per cent on Wednesday after a high-profile American short seller said most of the 500,000 businesses the company works with aren't legitimate.
The natural skincare company is sprouting up everywhere.
A confidential report from real estate company Colliers International questions whether the decision by RioCan Real Estate Investment Trust to dispose of up to $2 billion of its property portfolio could signal a shift away from retail assets. Toronto-based RioCan said Monday it is accelerating its plan to focus on six core markets where there is more opportunity for growth and will sell off up to 100 properties. Chief executive Ed Sonshine said rent growth in some of the secondary markets is just too low. “If guidance for the future for retail in Canada is to be taken from this change in direction for RioCan, it may be that retail as an asset class is a questionable focus, given RioCan’s move towards a more diversified portfolio that will include residential,” said Craig Hennigar, director of market intelligence in Canada for real estate company Colliers International, in a report...