Toronto has become a center for emerging fashion brands to test their designs with the Canadian city's global visitors before expanding to international markets. Fashion retailers from Canada Goose and Hudson's Bay Co. to Indochino found early success in Toronto that spurred their growth to new markets.
The rise of e-commerce has fueled the creation of hundreds of thousands of warehouse and fulfillment center jobs since 2010 and driven the revival of some formerly industrial US cities. In Bethlehem, Pa., Zulily employees fulfill orders in a warehouse on the site of an old steel mill.
Hudson's Bay Co. CEO Gerald Storch will leave the Canada-based company on Nov. 1 as the parent of Lord & Taylor, Saks Fifth Avenue and Germany's Galeria Kaufhof gears up for the holiday season. Executive Chairman Richard Baker, who will take over as interim chief executive, said in a memo that the retailer will continue to focus on growth in Europe.
UK department store John Lewis' newest department store will feature a concierge shopping format focused on services and experiences. The new store, which opens Tuesday in Oxford, will provide 21 services such as eye exams, personal styling and technology workshops in a department that will be headed by a concierge-style manager and staffed by 322 employees with "theatre training."
India's Future Group is in talks to acquire the franchise rights to UK stationery retailer WHSmith's operations in India, sources said. The retailer has a large presence in airports and train stations, and current franchisee Travel News Services India operates around 80 stores.
The developers that bought the three-building complex in downtown Minneapolis that was originally home to Dayton's and most recently held a Macy's flagship, will renovate with a mix of retail, restaurants and office space. Developer 601W Cos. of New York has dubbed it Dayton's Project and aims to bring retail back to the center of downtown.
Consumers think Amazon is the most authentic brand, according to this year's Cohn & Wolfe Authentic Brands Study. PayPal was ranked second; overall, tech firms dominated the list.
Amazon and Alibaba Group are moving further into Southeast Asia and India and paving the way for increased competition in online retail there. Amazon will spend $5 billion in India, and Alibaba acquired a $2 billion controlling stake in Southeast Asian online retailer Lazada, which purchased online grocer RedMart last year.
UK-based workout wear brand Sweaty Betty has created a London flagship that features a fitness studio, blow-dry bar and organic cafe. The brand is growing, with plans for new stores in Aspen, Colo., and New York City and another location in London.
Australian home improvement retailer Bunnings Warehouse will open more than 100 stores in the coming years and will test smaller-format urban stores. "We will be opening Bunnings stores before Christmas to test how that smaller format will work in the UK," said Peter Davis, UK managing director.
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