Canada Goose, the luxury outerwear retailer known for its high-end parkas, has made the US its largest market over the past two years and still sees room to grow. The company, which filed initial public offering papers this week, increased US sales by over 200% between 2014 and 2016.
Italian womenswear brand Stefanel has hired a franchise consultant to help it expand in Ireland and the UK. Stefanel aims to open up to four stores over the next year and expects to eventually grow to as many as 15 franchised locations in those areas.
Indian online fashion retailer Myntra has sealed a deal with Mango to manage up to 30 of the Spanish fashion brand's stores in India and sell its styles online. Myntra will sell the fashions on its namesake site as well as on Jabong, an e-commerce portal it acquired last year.
India's Future Group has sealed a deal to be the exclusive retailer and wholesaler of Laura Ashley home goods in India. The company expects to open 15 or more stores in the coming years, and it will also sell the brand in Central department stores, said Future Group CEO Kishore Biyani.
UAE consumers make fewer online purchases than the average global online shopper, but they spend more when they do indulge in e-commerce, according to KPMG. The average online purchase in the UAE is $332, higher than the average in any other market studied.
Chinese luxury flash-sale site Vipshop Holdings is small in comparison to e-commerce giants Alibaba Group Holding and JD.com, but it has turned a profit in each of the past four years and averaged 71% sales growth for 10 quarters. The site has drawn a strong following with discounts on designer brands such as Versace and Gucci.
An Ontario Wal-Mart Canada store serves as a test location for new features and technology, from handheld scanners shoppers can use to tally their purchases as they shop to a walk-in cold room for produce. The retailer is considering pulling back on new store growth and focusing on modernizing existing locations, said CEO Lee Tappenden.
Restaurant Brands International, the Canada-based parent of Tim Hortons and Burger King, will pay $1.8 billion to buy Popeyes Louisiana Kitchen, the companies announced today. Popeyes operates more than 2,000 restaurants, mostly in the US, and RBI is expected to raise the chicken chain's prospects for global growth.
Kroger strives to create an in-store shopping experience that is similar to online shopping, tapping technology including infrared sensors, data algorithms, personalized mobile apps and e-commerce offerings including in-store pickup and delivery in an effort to make wait times shorter and foster an interactive shopping trip, according to CIO Chris Hjelm. Next up, the nation's largest supermarket will test smart shelves that can sense where shoppers are walking and send relevant offers to their mobile devices.
Toys R Us cut about 250 jobs, or about 10% to 15% of its corporate workforce, after a holiday season that saw more consumers shift from in-store to online shopping. "We, like many other retailers, must continually look for opportunities to work more efficiently and effectively, particularly as customer shopping patterns are evolving," spokeswoman Amy von Walter said.
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