Shares of Safeway Inc. shares rose as much as 9% on Wednesday on rumors of increased buyout interest for its Canada operations by Canadian grocer Metro Inc. and Loblaw Companies Ltd.
The folks at Echochamber.com, a London-based consultancy, have a knack for rooting out hot retail concepts around the globe. Here’s a recap of the retailers who make up their latest “Top 10 Unmissable New Stores” report:
Canadian grocery chain Loblaw Cos. reported that net income for the first quarter plummeted 22% to $128 million, compared with $156 million in the year-ago period.
Loblaw Companies Limited has transformed the famed Maple Leaf Gardens in Toronto — an iconic Canadian landmark and former home of one of the most famous hockey arenas in North America — into the ultimate upscale supermarket destination.
Joe Fresh, the Canadian value-priced apparel brand, has opened its first permanent U.S. store, in Bridgewater Mall, Bridgewater, N.J., and another in Roosevelt Field Mall, Garden City, N.Y.
Sears Canada, a subsidiary of Sears Holdings Corp., said Monday it has hired former Limited Brands online executive VP Steven Goldsmith as its executive VP merchandising, apparel and accessories.