Canadian retailer Hudson's Bay Company has seen its sales and gross operating profit shrink in the third quarter of 2019. On the bright side, the company has reached a settlement with a Dutch landlord regarding its intended withdrawal from the Netherlands.
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Fast food chain McDonald's is going to sell a plant-based burger made by Beyond Meat in a number of Canadian branches. The test will run for twelve weeks.
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After a questionable quarter, Hema is hoping to find greener pastures in the US and Canada. The Dutch department store company will be collaborating with Walmart, no less.
Walmart is trying out a new Scan & Go system, called Fast Lane, in in Toronto. It is an improved version of an earlier, and failed, attempt in the United States.
Hudson’s Bay Company continues to cut in its activities: it will be closing all outlets of home decoration store Home Outfitters. Another chain, Saks Off 5th, will be thoroughly reviewed: twenty outlets may be closed.
Canadian Hudson’s Bay Company appointed Helena Foulkes as its new CEO. She will succeed Jerry Stoch, who was forced to resign at the parent company of Saks OFF 5th and Galeria Inno.
Hudson's Bay is on track in the Netherlands, the company’s marketing director Edo Beukema states after a lot of criticism. He says there is no truth to the rumour the department store chain is planning to leave, but it will adjust its marketing approach and pricing.
Canadian Hudson’s Bay suffered a huge loss in its third quarter of 2017. Its turnover also slumped compared to the year before.
Canadian fashion chain Canada Goose opened its first European store in London. The brand’s clothing has been in Europe for quite some time, but only at multi-brand stores up until now.
Several analysts feel department store chain Hudson’s Bay does not have a real future in the Netherlands. There is not enough potential and there is a huge struggle at the top of the company, which does not help its day-to-day operations.
Canadian department store group Hudson’s Bay is to part ways with its CEO, Jerry Storch, on 1 November. Until a new CEO is found, executive chairman Richard Baker takes up the role of temporary CEO.
Canadian Hudson’s Bay Group has suffered another increased loss, although turnover was higher than forecast. Its European stores continue to struggle and are in decline, but despite that, the group has premiered two of its chains in the Netherlands.
Ardo, the vegetable processing company from Ardooie (Belgium), has just acquired Canadian VLM Foods and its subsidiary Compañia Frutera La Paz. These are its first non-European acquisitions and they will help grow its turnover beyond the one billion euro mark.
French sports chain Decathlon has decided to return to North America: it will open a store in San Francisco this year and one near Montreal (Canada) early next year.
Fashion brand Louis Vuitton cancelled a few upcoming pop-up stores in the United States and Canada after issues at previous launches.
American fashion store chain Saks OFF 5TH did not miss its European debut: hundreds of customers waited in line for the opening of its store in Düsseldorf. A first store in the Netherlands will follow later this summer.