Six U.S. retailers have announced plans to do business in Canadian malls, trying to take advantage of a recent rough ride for Canadian counterparts. Target, Marshall's, J Crew, Bloomingdale's, Nordstrom and Tanger Outlets all announced plans to head north this year, CBC News reported Thursday. Target said it plans to open up to 135 locations across Canada, while Marshall's already opened a dozen locations and plans to add outlets before year's end. The upscale J Crew, which opened its first Canadian location in August 2011, added three new locations in February. High-end Bloomingdale's is working with Hudson's Bay Co. to bring the Bloomie's brand into Bay's retail chain as a "store within a store" concept, which could begin as early as this fall, CBC said. Nordstrom has been shopping for Canadian space for more than a year, and company officials said they think several shuttered Sears locations could be an opportunity to acquire real estate. Officials said they upscale store preparing to set up shop in four Canadian cities. Tanger Outlets in early 2011 signed a $1 billion agreement with Canada's largest REIT (real estate investment trust) and mall-owner RioCan to bring Tanger Outlet centers to Canada. A recent Colliers International report found the United States has 23 square feet of retail space per person, compared to 14 square feet in Canada.
GMT 12:09 2018 Monday ,26 November
Black Friday less wild as more Americans turn to online dealsGMT 15:07 2018 Sunday ,18 November
Refugee host countries discuss UNRWA's financial crisisGMT 17:22 2018 Wednesday ,31 October
Russia climbed to 31st place in Doing Business-2019 ratingGMT 16:53 2018 Wednesday ,17 October
"Putin" We need for collective restoration of Syria's economyGMT 14:02 2018 Friday ,12 October
Govt to announce incentives package for Overseas PakistanisGMT 18:26 2018 Saturday ,06 October
Dubai attracts Dh17.7 billion in foreign direct investmentGMT 09:02 2018 Friday ,21 September
Economy of Georgia demonstrates "strong signs of recovery"GMT 09:03 2018 Wednesday ,24 January
German investor confidence surges in JanuaryMaintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor