6 U.S. retailers set to invade Canada's malls
It hasn’t been such a smooth ride for Canadian retailers lately.
Montreal-based clothing chain Le Chateau has struggled to keep its head above water amid dwindling sales and higher inventory for several quarters in a row.
Toronto women’s chain Tabi has already disappeared, shuttering its 76 locations in late 2011. Montreal’s once ubiquitous Jacob has cut back significantly, closing about a third of its stores in recent months. And Vancouver-based children’s apparel chain Please Mum has closed 68 of its 90 stores this year.
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The causes have been slightly different, but now, even those that remain face a similar threat: big-budget U.S. retail chains eager to set up shop. Despite the pitfalls, their reasons for doing so are obvious: compared to the U.S., we have fewer places to shop, and the ones we do have make more money.
full: http://www.cbc.ca/news/canada/story/2012/08/09/us-retail-canada.html
The article names: Target, Marshall's, J Crew, Bloomingdale's, Nordstrom and Tanger.
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