An Introduction to the History of Retail Marketing Mid-90s **Wal-Mart opened stores in Canada, largest impact during this time

e Dylex, a clothing store closed down, leaving open mall space Liquor stores go private, immediately popped up everywhere Costco comes to Canada Forzani bought out Sport Express-become one of the top 5 retailers in Canada. Late-90s Calaway Park announces factory outlet mall No more: SportMart, Jumbo Video, St.Clair Paint & Paper, Met The Bay gets Air Miles and buys out K-mart (introduced loyalty rewards program) Will Federated (Macys) buy Eatons? Big question, decided not to buy because lack of business and went to Brazil instead Early 2000s Venator closed 358 storesFoot Locker, Champs, Randy River, Weekend Editions: a lot of store space, empty mall space, a huge impact in Canada, if taken into consideration the amount of malls we have Forzani profits 54%--trend seemed to be go big or go home Best Buy buys Future Shop question: so why are there both stores in malls at the same time? Canadian Tire buys Mark Work Warehouse The Bay opens Home Outfitters worried about Linen n Things & Bed, Bath and Beyond Eatons banner disappears- opened up prime retail space Mid 2000s K-mart completely closed Rona goes coast to coastpulled all brands and expanded under Rona banner, worried about Home Depot and Lowes (US companies) Wal-Mart opens 4 supercenters in Toronto H&M comes to Canada Krispy Kreme came too, exciting but $$ troubles followed, competition with Tim Hortons Best Buy expanded in Canada Sears closed auto repairs but adds funeral plans (hard to sell because it is an unsought good, not window display material) Williams-Sonoma comes to Calgary- high end kitchen store, was a huge overnight success, started the avalanche for US stores to come to Calgary

2006 Jerry Zucker buys The Bay, controversial because he was American Wal-Mart closes first unionized store on basis that there was not enough businessdoes not like unions AT ALL, big squabble, interesting PR problems Balzac announces mega-mall Abercrombie & Fitch comes to Canada very trendy, hot commodity HBC sells credit card division big shock, made money for them Chinook Center announced expansion Staffing problem in Calgaryesp. fast food and they had to cut hours 2007 Lululemon Athletica had PR problems with their clothing claims Balzac mega-mall gets waterhuge deal because you cant run malls without access to water and that is a problem in rural areas Holt Renfrew moved to bigger space (where it is now) Demand for retail space skyrockets as everyone, especially American retailers wants to come to Calgary, hot economy 2008 7-11 top franchise Eau Claire Market wanted to close, tried to look like Granville market, will never have the same business Chinook Center goes world class with high $/sq ft (33 new tenants) CrossIron Mills starts building Linen n Things goes under Canadian operation did well, American fell under 2009 Deerfoot Meadows sold (fizzles) down South, big retail complex, IKEA area CrossIron Mills opens Holt Renfrew opens a new bigger store More American retailers come to Calgary-Aeropostale Bed Bath & Beyond, Bass Pro Sports

2010 Brooks Brothers opened 2 stores in Calgary Chinook expansion opens, brings more American retailers to Calgary, Urban Outfitters, Anthropologie, etc. Lowes expands to western Canada Christmas sales beat expectations 2011

US invasion continues, Target announces Canadian buyout of 189 Zellers leases, not the store Legal controversy over the name with Target Apparel claiming rights Nordstrom actively shops for store space in Toronto and Vancouver Canadian Tire bought out Forzani Group

2012 Zeller stores close in anticipation of Target opening in March of 2013 Nordstorm finally gets space and plans to open 4 stores in Canada by 2014 (Sears in Chinook) The American invasion continues: J.Crew, Ann Taylor, Marshalls, Tory Burch etc. Black Friday comes to Canada!!