Company releases, economic news, and business coverage.
MONTREAL - The rise of online shopping is forcing Canadian malls to diversify and become destinations that offer a range of services including entertainment and sporting venues in addition to traditional clothing stores, a Montreal real estate conference heard Tuesday.
"The mall has to become more interesting," said Eric Foster, a real estate consultant who helped develop the large, mixed-use DIX30 shopping complex on Montreal's south shore. Its amenities include 65 restaurants, food shopping, an indoor soccer venue and a training centre for the Montreal Canadiens.
NEW YORK - From a Broadway-style marketing campaign to more exclusive toys, Target wants to lure shoppers during the final critical months of the year. More importantly, though, it needs to convince shoppers that it's the place for deals.
The Minneapolis-based retailer is heading into holidays a little bruised after seeing drops in customer traffic and a key revenue measure, and acknowledging that it didn't push the second part of its "Expect More, Pay Less" slogan. It hopes emphasizing value and some of the promotions that have worked in the past will win back customers.
MONTREAL - Canadian National Railway Co. says it has recalled laid-off employees to handle the start of what is expected to be bumper grain crops in Canada and the United States.
"We're handling and ready to handle more of the crop that has been produced," chief operating officer Mike Cory said Tuesday after the Montreal-based carrier reported third-quarter results.
KANSAS CITY, Kan. - One of Kansas City's most venerable cultural institutions, the annual American Royal horse and livestock exhibition, is moving to Kansas from Missouri, officials announced Tuesday.
Their announcement culminates months of work by Republican Gov. Sam Brownback and the Kansas Department of Commerce to lure the 117-year-old exhibition across the state line.