Ann Inc. announced Thursday that it will open two stores in Toronto, in fall 2012, marking the apparel retailer’s first foray outside the United States.
Sears Holdings Corp. said Thursday it returned to a profit in the first quarter as it benefited from a gain on the sale of underperforming stores. The troubled retailer also said it would spinoff a stake in its Canada unit to focus on turning around its U.S. business.
Loblaw’s Joe Fresh, Canada’s biggest grocer, opened a flagship store last week on Manhattan’s Fifth Avenue, but instead of meat and produce, it’s selling $29-women’s dresses and $12-men’s shirts, according to Bloomberg.
Highlights of the new design include a bright and modern decor, lounge-style seating, iconic pink spoon door handles and textured walls reminiscent of Baskin-Robbins waffle cones and interactive LCD menu displays.
Target Canada Co. and Starbucks Coffee Canada announced Wednesday an agreement that will put Starbucks licensed stores inside most of the 125 to 135 stores that Target plans to open in the region.
McDonald’s Canada is investing approximately $1 billion in an ambitious program to transform the look, feel and function of its more than 1,400 locations across the country. More than half of the stores are expected to be remodeled by yearend, with the rest completed by the end of 2012.