Business News:Preteens keen on 'not for adults' magazine
By WALLACE IMMEN
Friday, March 29, 2002
It's not always easy to get kids reading, but Grade 5 students eagerly rushed a rack of magazines in the library at Grenoble Public School in Don Mills.
The latest issue of The Magazine Not for Adults arrived yesterday.
Retail News:Kmart sales won't hurt rivals
March 28, 2002 12:01 PM ET
CHICAGO, March 28 (Reuters) - Liquidation sales for the 283 Kmart Corp. KM.N stores set for closure may not cause much disruption to sales at rivals Wal-Mart Stores Inc. WMT.N or Target Corp. TGT.N , UBS Warburg retail analyst Linda Kristiansen said in a research note on Thursday.
March 28, 2002 12:01 PM ET
CHICAGO, March 28 (Reuters) - Liquidation sales for the 283 Kmart Corp. KM.N stores set for closure may not cause much disruption to sales at rivals Wal-Mart Stores Inc. WMT.N or Target Corp. TGT.N , UBS Warburg retail analyst Linda Kristiansen said in a research note on Thursday.
Business News:Stride Rite Profit Off, Sees Weaker Year
March 26, 2002 10:46 AM ET
LEXINGTON, Mass. (Reuters) - Stride Rite Corp., the maker of Keds and Sperry casual shoes, said on Tuesday its fiscal first-quarter profit dipped 3.8 percent from a year earlier on weaker department store sales.
March 26, 2002 10:46 AM ET
LEXINGTON, Mass. (Reuters) - Stride Rite Corp., the maker of Keds and Sperry casual shoes, said on Tuesday its fiscal first-quarter profit dipped 3.8 percent from a year earlier on weaker department store sales.
Retail News:Drop in U.S. Retail Sales No Hurdle to Recovery
March 26, 2002 01:38 PM ET
By Pedro Nicolaci da Costa
NEW YORK (Reuters) - Cold weather put a crimp on U.S. chain store sales last week as unseasonable temperatures dampened demand for spring merchandise, two reports on Tuesday showed.
March 26, 2002 01:38 PM ET
By Pedro Nicolaci da Costa
NEW YORK (Reuters) - Cold weather put a crimp on U.S. chain store sales last week as unseasonable temperatures dampened demand for spring merchandise, two reports on Tuesday showed.
Retail News:U.S. consumers seen even more upbeat in March
March 25, 2002 02:57 PM ET
NEW YORK, March 25 (Reuters) - U.S. consumers probably got a lot more upbeat in March as signs of improvement in labor markets and stabilization in stocks lifted Americans' assessment of their finances and prospects for the future.
March 25, 2002 02:57 PM ET
NEW YORK, March 25 (Reuters) - U.S. consumers probably got a lot more upbeat in March as signs of improvement in labor markets and stabilization in stocks lifted Americans' assessment of their finances and prospects for the future.
Retail News:Gap celeb ad salvo leaves message unclear
March 25, 2002 03:18 PM ET
by Jackie Sindrich
NEW YORK, March 25 (Reuters) - Trying to turn around nearly two years of declining sales, Gap Inc. is running advertisements of a 40-something actor and an aging sculptor, among other offbeat celebrities.
March 25, 2002 03:18 PM ET
by Jackie Sindrich
NEW YORK, March 25 (Reuters) - Trying to turn around nearly two years of declining sales, Gap Inc. is running advertisements of a 40-something actor and an aging sculptor, among other offbeat celebrities.
Retail News:Walgreen Profits Rise on Market Share
March 25, 2002 04:58 PM ET
By Ellis Mnyandu
NEW YORK (Reuters) - Walgreen Co. WAG.N , the largest U.S. drugstore chain, on Monday reported a 10 percent rise in quarterly earnings as it cut prices to lure customers from rivals and opened new stores in high-traffic locations.
March 25, 2002 04:58 PM ET
By Ellis Mnyandu
NEW YORK (Reuters) - Walgreen Co. WAG.N , the largest U.S. drugstore chain, on Monday reported a 10 percent rise in quarterly earnings as it cut prices to lure customers from rivals and opened new stores in high-traffic locations.
Retail News:Harry Potter to work magic for Bloomsbury in 2002
March 20, 2002 04:37 AM ET
By Dan Lalor
LONDON, March 20 (Reuters) - Harry Potter publisher Bloomsbury Publishing Plc said on Wednesday its prospects for 2002 were excellent, as it prepares to publish "Harry Potter and the Order of the Phoenix", the fifth book in the best-selling series. "The next huge surge in Harry Potter sales will drive the group's future success," chairman Nigel Newton told Reuters. "The whole world wants to read this book".
March 20, 2002 04:37 AM ET
By Dan Lalor
LONDON, March 20 (Reuters) - Harry Potter publisher Bloomsbury Publishing Plc said on Wednesday its prospects for 2002 were excellent, as it prepares to publish "Harry Potter and the Order of the Phoenix", the fifth book in the best-selling series. "The next huge surge in Harry Potter sales will drive the group's future success," chairman Nigel Newton told Reuters. "The whole world wants to read this book".
Retail News:Yahoo Shopping Volume Surged During Sale
March 21, 2002 04:45 AM ET
PALO ALTO, Calif. (Reuters) - Yahoo! Inc. on Thursday said a special three-day sale it offered last week produced a 25 percent increase in gross merchandise sales over normal levels on Yahoo Shopping.
March 21, 2002 04:45 AM ET
PALO ALTO, Calif. (Reuters) - Yahoo! Inc. on Thursday said a special three-day sale it offered last week produced a 25 percent increase in gross merchandise sales over normal levels on Yahoo Shopping.
Retail News:Kmart's reigning restructurer aiming to bring it back
March 22, 2002 02:18 PM ET
By Angela Moore
NEW YORK, March 22 (Reuters) - Bankruptcy lawyer Jack Butler, who has restructured some of the biggest U.S. firms, says getting onto the field to referee a football game on a crisp Friday evening is what he likes to do best.
March 22, 2002 02:18 PM ET
By Angela Moore
NEW YORK, March 22 (Reuters) - Bankruptcy lawyer Jack Butler, who has restructured some of the biggest U.S. firms, says getting onto the field to referee a football game on a crisp Friday evening is what he likes to do best.
Retail News:Barnes & Noble swings to profit as sales rise
March 21, 2002 12:50 PM ET
By Ellis Mnyandu
NEW YORK, March 21 (Reuters) - Barnes & Noble Inc. BKS.N , the U.S. No. 1 bookseller, on Thursday reported a fourth-quarter profit, vs. a year-ago loss, on strong sales through the 2001 holiday shopping season despite a soft retailing climate.
March 21, 2002 12:50 PM ET
By Ellis Mnyandu
NEW YORK, March 21 (Reuters) - Barnes & Noble Inc. BKS.N , the U.S. No. 1 bookseller, on Thursday reported a fourth-quarter profit, vs. a year-ago loss, on strong sales through the 2001 holiday shopping season despite a soft retailing climate.
Retail News:Russia poultry ban may be windfall for US shoppers
March 21, 2002 05:19 PM ET
By Bob Burgdorfer
CHICAGO, March 21 (Reuters) - U.S. consumers may soon benefit from Russia's ban on U.S. chicken and turkey imports, since much of the 2 billion pounds sent to Russia each year may be diverted into U.S. stores, driving down prices and possibly hurting demand for beef and pork, analysts said.
March 21, 2002 05:19 PM ET
By Bob Burgdorfer
CHICAGO, March 21 (Reuters) - U.S. consumers may soon benefit from Russia's ban on U.S. chicken and turkey imports, since much of the 2 billion pounds sent to Russia each year may be diverted into U.S. stores, driving down prices and possibly hurting demand for beef and pork, analysts said.
Business News:Don't forget risks in Molson's move
Wednesday, March 20, 2002
Investors are giddy over Molson's prospects, but as promising as its Brazilian expansion strategy seems, there are also some sobering elements to the story.
Wednesday, March 20, 2002
Investors are giddy over Molson's prospects, but as promising as its Brazilian expansion strategy seems, there are also some sobering elements to the story.
Business News:IBM Canada to handle Aldo Group systems
Tuesday, March 19, 2002
IBM Canada Ltd. has struck a seven-year, $32.4-million outsourcing deal with Montreal-based Aldo Group Inc. to handle the footwear retailer's business software. The agreement announced yesterday will transfer 30 Aldo employees to IBM Canada of Markham, Ont. Aldo is the first client of IBM Global Services' Retail Solutions Centre in Montreal, meant to manage software needs for Quebec retailers. Aldo has more than 600 stores, including 450 in Canada.
Tuesday, March 19, 2002
IBM Canada Ltd. has struck a seven-year, $32.4-million outsourcing deal with Montreal-based Aldo Group Inc. to handle the footwear retailer's business software. The agreement announced yesterday will transfer 30 Aldo employees to IBM Canada of Markham, Ont. Aldo is the first client of IBM Global Services' Retail Solutions Centre in Montreal, meant to manage software needs for Quebec retailers. Aldo has more than 600 stores, including 450 in Canada.
Business News:Economic Growth in Europe Predicted
March 20, 2002
By THE ASSOCIATED PRESS
BRUSSELS, Belgium (AP) -- The European Union's head office raised its economic growth forecasts Wednesday, saying that growth could jump to above 2.5 percent in the fourth quarter of this year.
March 20, 2002
By THE ASSOCIATED PRESS
BRUSSELS, Belgium (AP) -- The European Union's head office raised its economic growth forecasts Wednesday, saying that growth could jump to above 2.5 percent in the fourth quarter of this year.
Retail News:Jones Buying Vanderbilt for $100 Million
March 19, 2002 03:22 PM ET
By Anna Driver
CHICAGO (Reuters) - Jones Apparel Group Inc. on Tuesday agreed to buy Gloria Vanderbilt Apparel Corp., a name synonymous with the mass-produced designer jeans in the 1980s, in a $100 million cash and stock deal aimed at growing sales in moderately priced retail chains.
March 19, 2002 03:22 PM ET
By Anna Driver
CHICAGO (Reuters) - Jones Apparel Group Inc. on Tuesday agreed to buy Gloria Vanderbilt Apparel Corp., a name synonymous with the mass-produced designer jeans in the 1980s, in a $100 million cash and stock deal aimed at growing sales in moderately priced retail chains.
Retail News:Levi Strauss Sales Slide
March 19, 2002 05:56 PM ET
By Michael Kahn
SAN FRANCISCO (Reuters) - Jeans maker Levi Strauss & Co. on Tuesday reported higher quarterly earnings boosted by lower interest costs and foreign exchange gains even though sales fell just as they have for the past five years.
March 19, 2002 05:56 PM ET
By Michael Kahn
SAN FRANCISCO (Reuters) - Jeans maker Levi Strauss & Co. on Tuesday reported higher quarterly earnings boosted by lower interest costs and foreign exchange gains even though sales fell just as they have for the past five years.
Trends:Red, White and True Blue
Thursday, March 14, 2002
For Americans ready to make patriotism a permanent part of their interiors comes wallpaper in the style of French toile bearing images of the White House, Washington Monument, Old Glory, Statue of Liberty and bald eagle amid boughs of cherry blossoms. Part of the new Rustic Charm line by Olney Wallcovering, its introduction was more aptly timed than the firm could have imagined. "We were already planning this motif," before September's terrorist attacks, said U.S. director of sales Clyde Ring. The patterns became available in January.
Thursday, March 14, 2002
For Americans ready to make patriotism a permanent part of their interiors comes wallpaper in the style of French toile bearing images of the White House, Washington Monument, Old Glory, Statue of Liberty and bald eagle amid boughs of cherry blossoms. Part of the new Rustic Charm line by Olney Wallcovering, its introduction was more aptly timed than the firm could have imagined. "We were already planning this motif," before September's terrorist attacks, said U.S. director of sales Clyde Ring. The patterns became available in January.
Retail News:Annapolis Faces Life Without Parole
By Nelson Hernandez
Washington Post Staff Writer
Thursday, March 14, 2002
There's not much merchandise left inside the Sears at Parole Plaza, the last store at what was once an Annapolis shopping mecca.
By Nelson Hernandez
Washington Post Staff Writer
Thursday, March 14, 2002
There's not much merchandise left inside the Sears at Parole Plaza, the last store at what was once an Annapolis shopping mecca.
Retail News:Yahoo promotes big sale
March 13, 2002
Troy Wolverton;Greg Sandoval, CNET News.com
Amid the post-holiday retail doldrums, Yahoo kicked off a three-day sale Wednesday that included everything from online tax-preparation fees to discounts at dozens of retailers on its site.
March 13, 2002
Troy Wolverton;Greg Sandoval, CNET News.com
Amid the post-holiday retail doldrums, Yahoo kicked off a three-day sale Wednesday that included everything from online tax-preparation fees to discounts at dozens of retailers on its site.
Retail News:Is Apple stocking its own shelves first?
March 13, 2002
Joe Wilcox, CNET News.com
Shortages of a hot new product have Macintosh dealers grumbling that Apple Computer is showing preferential treatment to company-owned retail stores--something the company promised would not happen.
Savvy shoppers are finding limited quantities of the new flat-panel iMac trickling into Apple's 28 retail stores, while Mac dealers amass huge waiting lists of customers. Some dealers claim they have received only five to 10 units since the new iMac's Jan. 7 debut, but they have waiting lists of 50 people or more. Apple stores and the company's online site have experienced backlogs too, but they've still been able to get their hands on hundreds of the popular computers. Some Apple stores even have models in stock right now.
March 13, 2002
Joe Wilcox, CNET News.com
Shortages of a hot new product have Macintosh dealers grumbling that Apple Computer is showing preferential treatment to company-owned retail stores--something the company promised would not happen.
Savvy shoppers are finding limited quantities of the new flat-panel iMac trickling into Apple's 28 retail stores, while Mac dealers amass huge waiting lists of customers. Some dealers claim they have received only five to 10 units since the new iMac's Jan. 7 debut, but they have waiting lists of 50 people or more. Apple stores and the company's online site have experienced backlogs too, but they've still been able to get their hands on hundreds of the popular computers. Some Apple stores even have models in stock right now.
Retail News:Amazon Japan to Launch Used-Goods Store in 2002
March 13, 2002 06:31 AM ET
TOKYO (Reuters) - Online retailer Amazon.com Inc said on Wednesday that its Japanese unit Amazon.co.jp will start selling used merchandise on its Web site by the end of 2002 to tap into the fast-growing online market for used goods.
March 13, 2002 06:31 AM ET
TOKYO (Reuters) - Online retailer Amazon.com Inc said on Wednesday that its Japanese unit Amazon.co.jp will start selling used merchandise on its Web site by the end of 2002 to tap into the fast-growing online market for used goods.
Retail News:As Stores Close, Suburbs Rethink the Mall
Lost in Space As Retailers Shut Stores, Empty Retail Space Is Problem for Some Communities
By Catherine Valenti March 12
For many suburban communities, space could be the final frontier.
Space right here on Earth, that is. Last week's announcement that Kmart plans to shut 284 stores is just the latest in a series of retail closings in recent years that have left gaping holes in many economically struggling communities.
Lost in Space As Retailers Shut Stores, Empty Retail Space Is Problem for Some Communities
By Catherine Valenti March 12
For many suburban communities, space could be the final frontier.
Space right here on Earth, that is. Last week's announcement that Kmart plans to shut 284 stores is just the latest in a series of retail closings in recent years that have left gaping holes in many economically struggling communities.
Business News:Drug Stores to Offer Senior Discount Card
March 11, 2002 01:11 PM ET
By Lisa Richwine
WASHINGTON (Reuters) - Chain drug stores that have opposed a Bush administration plan to give seniors a pharmacy discount card said Monday they would offer their own card to link various price cuts given by pharmaceutical companies.
March 11, 2002 01:11 PM ET
By Lisa Richwine
WASHINGTON (Reuters) - Chain drug stores that have opposed a Bush administration plan to give seniors a pharmacy discount card said Monday they would offer their own card to link various price cuts given by pharmaceutical companies.
Business News:Rising oil prices may point to US summertime blues
March 11, 2002 01:15 PM ET
By Jon Herskovitz
NEW YORK, March 11 (Reuters) - With a few extra pennies at the gasoline pump and a couple more dollars tacked onto electricity bills, U.S. consumers are starting to see the effects of rising oil prices.
March 11, 2002 01:15 PM ET
By Jon Herskovitz
NEW YORK, March 11 (Reuters) - With a few extra pennies at the gasoline pump and a couple more dollars tacked onto electricity bills, U.S. consumers are starting to see the effects of rising oil prices.
Business News:Gas Prices Have 2nd Biggest Weekly Jump
March 11, 2002 05:59 PM ET
By Tom Doggett
WASHINGTON (Reuters) - U.S. retail gasoline prices had the second-biggest weekly increase on record due to higher crude oil costs, jumping an average 7.9 cents a gallon over the last week to $1.223, the Energy Department said Monday.
March 11, 2002 05:59 PM ET
By Tom Doggett
WASHINGTON (Reuters) - U.S. retail gasoline prices had the second-biggest weekly increase on record due to higher crude oil costs, jumping an average 7.9 cents a gallon over the last week to $1.223, the Energy Department said Monday.
Retail News:Cold weather crimped U.S. retail sales last week
March 12, 2002 11:37 AM ET
By Pedro Nicolaci da Costa
NEW YORK, March 12 (Reuters) - A bout of unseasonably cold weather in parts of the country put a damper on retail sales at U.S. chain stores last week, two reports showed on Tuesday.
March 12, 2002 11:37 AM ET
By Pedro Nicolaci da Costa
NEW YORK, March 12 (Reuters) - A bout of unseasonably cold weather in parts of the country put a damper on retail sales at U.S. chain stores last week, two reports showed on Tuesday.
Hudson's Bay profit falls
By MARINA STRAUSS
RETAILING REPORTER
Saturday, March 9, 2002
Hudson's Bay Co. suffered lower profit in its fourth quarter and for the year, the victim of fierce price discounting, weak clothing sales and tight-fisted consumers looking for bargains.
By MARINA STRAUSS
RETAILING REPORTER
Saturday, March 9, 2002
Hudson's Bay Co. suffered lower profit in its fourth quarter and for the year, the victim of fierce price discounting, weak clothing sales and tight-fisted consumers looking for bargains.
Business News:TD may pare Wal-Mart plans
Bank said aiming to place outlets in fewer U.S. stores than originally expected
By JOHN PARTRIDGE
Monday, March 11, 2002
Toronto-Dominion Bank may be scaling back its ambitious plan to sell financial services through hundreds of Wal-Mart Stores Inc. outlets in the United States.
Bank said aiming to place outlets in fewer U.S. stores than originally expected
By JOHN PARTRIDGE
Monday, March 11, 2002
Toronto-Dominion Bank may be scaling back its ambitious plan to sell financial services through hundreds of Wal-Mart Stores Inc. outlets in the United States.
Retail News:ëGreení pitch isnít growing sales
Eco-marketing is failing to move products off the shelf
By Geoffrey A. Fowler
THE WALL STREET JOURNAL
March 6
Eco-marketing is fading faster than the ozone over Antarctica. After a decade of designing products to appeal to environmentally friendly sensibilities, many companies have concluded that 'green' sales pitches don't sell. Even after Sept. 11 propelled Americans to wax altruistic about country and community, most, it seems, leave their conscience at the landfill when they head to the store.
Eco-marketing is failing to move products off the shelf
By Geoffrey A. Fowler
THE WALL STREET JOURNAL
March 6
Eco-marketing is fading faster than the ozone over Antarctica. After a decade of designing products to appeal to environmentally friendly sensibilities, many companies have concluded that 'green' sales pitches don't sell. Even after Sept. 11 propelled Americans to wax altruistic about country and community, most, it seems, leave their conscience at the landfill when they head to the store.
Business News:FEATURE-Six months after,"fade factor" eases Sept. 11 anxiety
March 08, 2002 03:27 PM ET
By Bill Berkrot
NEW YORK, March 8 (Reuters) - Six months after Sept. 11, it appears early pronouncements that Americans' habits were forever changed by the attacks on the United States may have been premature.
March 08, 2002 03:27 PM ET
By Bill Berkrot
NEW YORK, March 8 (Reuters) - Six months after Sept. 11, it appears early pronouncements that Americans' habits were forever changed by the attacks on the United States may have been premature.
Retail News:Kmart to Close 284 Stores, Cut 22,000 Jobs
March 08, 2002 04:42 PM ET
By Anna Driver
CHICAGO (Reuters) - Kmart Corp. said on Friday it will close 284 stores and cut 22,000 jobs in its bid to emerge from bankruptcy, but analysts said the retailer still needs a marketing strategy if it wants to survive the cutthroat U.S. discount market.
March 08, 2002 04:42 PM ET
By Anna Driver
CHICAGO (Reuters) - Kmart Corp. said on Friday it will close 284 stores and cut 22,000 jobs in its bid to emerge from bankruptcy, but analysts said the retailer still needs a marketing strategy if it wants to survive the cutthroat U.S. discount market.
Retail News:Kmart Store Closings Coming Soon - Lawyer
March 06, 2002 03:54 PM ET
By Anna Driver
CHICAGO (Reuters) - Bankrupt Kmart Corp. KM.N will release the number of stores it plans to close no later than March 11, but maybe earlier, an attorney for the discount retailer said on Wednesday.
March 06, 2002 03:54 PM ET
By Anna Driver
CHICAGO (Reuters) - Bankrupt Kmart Corp. KM.N will release the number of stores it plans to close no later than March 11, but maybe earlier, an attorney for the discount retailer said on Wednesday.
Business News:Companies Look to Video Games for Product Placements
March 5, 2002
ADVERTISING
By KAREN J. BANNAN
As anyone who bought Reese's Pieces after watching "ET" knows, product placement can be an effective marketing tool. Fast forward 20 years as the concept has moved to video games.
March 5, 2002
ADVERTISING
By KAREN J. BANNAN
As anyone who bought Reese's Pieces after watching "ET" knows, product placement can be an effective marketing tool. Fast forward 20 years as the concept has moved to video games.
Retail News:Retail Sales Up Modestly in February
March 5, 2002
Filed at 12:18 p.m. ET
NEW YORK (Reuters) - Sales at U.S. chain stores rose modestly in February, nudged along by food and spring clothing sales, but the overall lackluster tone of consumer spending indicates a slow recovery ahead for the struggling economy, two reports showed on Tuesday.
March 5, 2002
Filed at 12:18 p.m. ET
NEW YORK (Reuters) - Sales at U.S. chain stores rose modestly in February, nudged along by food and spring clothing sales, but the overall lackluster tone of consumer spending indicates a slow recovery ahead for the struggling economy, two reports showed on Tuesday.
Retail News:Amazon's chief financial officer resigns
March 5, 2002
Greg Sandoval
Amazon.com Chief Financial Officer Warren Jenson has resigned, the company announced Tuesday.
Jenson, 45, who has served as CFO since September 1999, presided over big deficits at Amazon but also helped draw up the blueprint for Amazon's successful campaign to reach profitability for the first time, which it did during its fourth quarter.
March 5, 2002
Greg Sandoval
Amazon.com Chief Financial Officer Warren Jenson has resigned, the company announced Tuesday.
Jenson, 45, who has served as CFO since September 1999, presided over big deficits at Amazon but also helped draw up the blueprint for Amazon's successful campaign to reach profitability for the first time, which it did during its fourth quarter.
Fashion Trends:Basic Black
After a Decent Interval of Nice and Pretty, It's Time to Dress Like a Vampire Again
Demure gives way to daring in Tom Ford's pea jacket over skinny trousers.
By Robin Givhan
Washington Post Staff Writer
Monday, March 4, 2002; Page C01
MILAN
The model came stomping down the Gucci runway Saturday night in quite possibly the skinniest trousers known to man. Nip them in by a centimeter or two and they would be transformed into opaque tights. Keep going and you've got yourself a second skin.
After a Decent Interval of Nice and Pretty, It's Time to Dress Like a Vampire Again
Demure gives way to daring in Tom Ford's pea jacket over skinny trousers.
By Robin Givhan
Washington Post Staff Writer
Monday, March 4, 2002; Page C01
MILAN
The model came stomping down the Gucci runway Saturday night in quite possibly the skinniest trousers known to man. Nip them in by a centimeter or two and they would be transformed into opaque tights. Keep going and you've got yourself a second skin.
Retail News:Sweden's H&M eyes Canadian invasion
Fashion chain sees up to 100 locations
By MARINA STRAUSS
RETAILING REPORTER
Monday, March 4, 2002
Sweden's popular Hennes & Mauritz AB fashion chain, which is known for its "cheap chic," is considering setting up shop in Canada within two years.
Executives of H&M were scouting out locations in the Toronto area last week, looking to launch stores in the best malls and then move to the surrounding area.
Fashion chain sees up to 100 locations
By MARINA STRAUSS
RETAILING REPORTER
Monday, March 4, 2002
Sweden's popular Hennes & Mauritz AB fashion chain, which is known for its "cheap chic," is considering setting up shop in Canada within two years.
Executives of H&M were scouting out locations in the Toronto area last week, looking to launch stores in the best malls and then move to the surrounding area.
Business News:Swedish Feb consumer confidence surges
March 04, 2002 04:09 AM ET
STOCKHOLM, March 4 (Reuters) - Swedish consumer confidence soared in February, providing further evidence of an economy in recovery, the National Institute of Economic
Research (KI) said on Monday.
March 04, 2002 04:09 AM ET
STOCKHOLM, March 4 (Reuters) - Swedish consumer confidence soared in February, providing further evidence of an economy in recovery, the National Institute of Economic
Research (KI) said on Monday.
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