Shares of Canadian apparel company Roots Corp tumbled on their first trading day, as a cut-throat retail market curbed investor demand. "Roots Corp., known for its leather goods and casualwear imprinted with beavers and maple leaves, is on track for the second-worst Canadian trading debut of the year. The stock tumbled 20 per cent to $9.75 at 12:11 p.m. for a market value of $413 million. The Toronto-based retailer priced its shares at $12 apiece last week, lower than the targeted range of between $14 and $16 a share."
Liquidation sales are now underway at Sears Canada stores across the country as the troubled retailer prepares to go out of business. But some Canadians saying they are discovering price hikes, rather than discounts, on certain items. Sears said any instances of higher prices would be an 'odd exception’ or the product of a ‘system error.’
Menswear retailer Indochino has struck a deal with Canadian media giant Postmedia that will give Indochino $40 million in free advertising during the next five years in exchange for providing Postmedia a share of revenue and the opportunity to buy shares in the company at current prices.
Canadian retailers have a long road ahead when it comes to delivering compelling omnichannel capabilities.
Department stores have too much real estate, shared work spaces need more. That's the concept that united Lord & Taylor and WeWork.