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News on retail chains (was: New Mall Retail)

Aritzia signs deal to buy athletic wear company Reigning Champ​


June 15, 2021

VANCOUVER — Clothing designer and retailer Aritzia Inc. says it has signed an agreement to buy a Reigning Champ, a designer and manufacturer of premium athletic wear.

Under the agreement, Aritzia will acquire a 75 per cent stake in the company based on an enterprise value of approximately $63 million.

The remaining 25 per cent interest held by Reigning Champ's management shareholders will be converted into Aritzia shares in up to three instalments from 2024 to 2026.

Aritzia chief executive Brian Hill says the deal accelerates the company's expansion into men's clothing.

ca.finance.yahoo.com

Aritzia signs deal to buy athletic wear company Reigning Champ

VANCOUVER — Clothing designer and retailer Aritzia Inc. says it has signed an agreement to buy a Reigning Champ, a designer and manufacturer of premium athletic wear. Under the agreement, Aritzia will acquire a 75 per cent stake in the company based on an enterprise value of approximately $63...
ca.finance.yahoo.com ca.finance.yahoo.com
 
Nordstrom has acquired a minority interest in the parent of TopShop/TopMan and obtained exclusive North American rights to their products.

www.ctvnews.ca

Nordstrom buys minority share in 4 U.K. fashion brands

Nordstrom says it's acquiring a minority interest in four fashion brands owned by a British company called Asos as the department store chain aims to attract more customers in their 20s.
www.ctvnews.ca www.ctvnews.ca
 
Northern Light said:
Nordstrom has acquired a minority interest in the parent of TopShop/TopMan and obtained exclusive North American rights to their products.

www.ctvnews.ca

Nordstrom buys minority share in 4 U.K. fashion brands

Nordstrom says it's acquiring a minority interest in four fashion brands owned by a British company called Asos as the department store chain aims to attract more customers in their 20s.
www.ctvnews.ca www.ctvnews.ca
Click to expand...

With the new rights transition, I wonder when Topshop/Topman items will start to appear in the Canadian Nordstrom stores. Hudson's Bay is currently clearing out their remaining stock at 70% off. I wonder how they will replace the loss of the brand - the shop-in-shops currently take up large portions of the 2nd and 5th floors at the Queen St. location.
 

GameStop to Rebrand EB Games in Canada​


July 28, 2021

GRAPEVINE, Texas, July 28, 2021 (GLOBE NEWSWIRE) -- GameStop Corp. (NYSE: GME) (“GameStop” or the “Company”) today announced that the Company plans to rebrand EB Games in Canada. By the end of this year, EB Games’ Canadian locations and online store will assume the GameStop brand and name. This decision follows our receipt of feedback from our valued customers and stockholders.

finance.yahoo.com

GameStop to Rebrand EB Games in Canada

GRAPEVINE, Texas, July 28, 2021 (GLOBE NEWSWIRE) -- GameStop Corp. (NYSE: GME) (“GameStop” or the “Company”) today announced that the Company plans to rebrand EB Games in Canada. By the end of this year, EB Games’ Canadian locations and online store will assume the GameStop brand and name. This...
finance.yahoo.com finance.yahoo.com
 
Toys R Us Canada Sold to Sunrise Records Owner: Interview with Doug Putman

August 19, 2021

Putman Investments, a Canadian-based, family-owned company, is planning to acquire Toys’R’Us and Babies’R’Us Canada, Canada’s national toys, games and baby specialist, from certain affiliates of Fairfax Financial Holdings Limited.

Doug Putman, founder of Putman Investments, said the two brands are extremely strong.

“Since its split from the U.S., we’ve watched the way in which the company has grown and focused on the Canadian customer. Much has been achieved and we’re excited to help to drive the business forward,” he said.

“They’re very iconic brands. I think most people grew up with them and have great feelings towards them. Obviously the toy industry is a great industry and sales are strong in the toy industry. With the pandemic, you’ve seen a lot of people choosing to buy a lot more things for their kids whether it’s for outdoor activities or indoor stuff.

----------
Putman said the pandemic has demonstrated the resilience of the toys, games and baby sector and its value in the hearts of Canadians as was evidenced by the large growth of toy sales the last year.

“We clearly think there’s a lot of growth to be had. We’re 81 stores. I think from our viewpoint we believe that we can open a lot more. There’s a lot of cities out there that don’t have a Toys’R’Us or a Babies’R’Us so I feel there’s definitely some great opportunity,” he said.

“It’s a hard one to quantify. Do I think you can go from 81 stores to 110, 115? For sure. You can grow the chain by 30 plus stores and then the question is where else can you grow? There’s Canada but there’s lots of other countries out there. Where else do we see growth? There’s potential growth in other countries in the toy business. We’ll start with Canada and see where we can get Canada and where it goes.”
Click to expand...

retail-insider.com

Toys R Us Canada Sold to Sunrise Records Owner: Interview with Doug Putman

Putman says he plans to open many more Toys R Us stores in Canada as he sees growth potential for the brand.
retail-insider.com retail-insider.com
 
AlbertC said:
Yep, that looks like the plan unless they choose to pull their location on Yonge.
Click to expand...

This may end up being the catalyst for a decrease in the number of pot shops.

In such a high profile area having a bunch of pot shops in such a small radius will grab attention.
 
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