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Shop Today: 35th Annual LLHA Show
Sept. 28-30, 2015
Mississauga Convention Centre
We are well on our way to bringing you all the hottest and newest products & brands for you to explore when you visit the LLHA Show during September 28-30th, 2015. 50% of the floor is already booked with exciting brands such as: Samsonite, Heys, Travelon, Osgoode Marley, it Luggage, Buffalo David Bitton, Kenneth Cole, Derek Alexander, Mancini, Pacsafe, Lojel, Knomo, Lipault, Criale, Ricardo Beverly Hills, Safe Skies, Granite Gear and many many more.
Stay tuned as we update you regularly on additional brands bringing you their latest & greatest this September.
Stay connected with Canada's only magazine for the travel business & fashion accessory industry now into its 49th year, distributed to 7,000 retailers nationally.
New baggage fees boost profits for Air Canada, WestJet
The Globe and Mail
Checked baggage fees are paying off for Canada's two major airlines.
The charges are part of ancillary fees — which also include passenger fees for preferred seating, in-flight meals and premium economy privileges — that airlines have tapped to boost profits.
"We'll use whatever tools we have at our disposal to drive profitability," Air Canada CEO Calin Rovinescu said during a conference call about its 2014 results, making reference to fee hikes, additional seating and raising airfares.
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Parasuco Retail to close its seven stores, files for bankruptcy
Parasuco Retail Inc. has filed for bankruptcy and will close all seven stores in Canada.
The Montreal-based denim retailer says it's shuttering the stores immediately but customers can continue to purchase merchandise through its website.
Most of the stores are in Quebec and one is in Mississauga, Ont. The closures will result in 80 layoffs.
Uniqlo, H&M chains rattling Vancouver's retail landscape
Business in Vancouver
Japanese fashion giant Uniqlo's looming arrival in Vancouver could cause a further hollowing out of local mid-market competitors and could even lead to a call for new environmental laws. Uniqlo, which is known for its "fast fashion," announced it would be opening two stores in Toronto in 2016 and expected to move into Vancouver after that. Fast fashion refers to clothes that imitate new runway designs quickly and inexpensively. Rather than having four fashion lines per year, clothing manufacturers increasingly have new items that incorporate micro-trends monthly if not weekly.
Online travel agency Expedia to buy rival Orbitz for $1.38 billion
Expedia Inc said it would buy Orbitz Worldwide for about $1.38 billion in cash, its third acquisition in four months, to take on larger rival Priceline Group Inc in a burgeoning online travel industry.
Orbitz's shares shot up 20 per cent to $11.63 in morning trading, short of Expedia's offer of $12 per share. Expedia's shares rose nearly 13 percent to $88.50. Priceline shares were up 2.8 per cent.
Why JCPenney and Sears have the same risks as Wet Seal & Radio Shack
Recently, Radio Shack filed for bankruptcy. In January, it was beleaguered teen retailer Wet Seal. For those who follow the sector, these headlines were about as surprising as news of a Kardashian break-up.
But according to Scott Fearon there are a handful of similarly doomed companies still out there — "Dead Companies Walking" he calls them in his book — that are at just as much risk of an untimely demise. While Fearon isn't advocating picking these companies out for shorts, he does think investors should be on the lookout for signs of trouble to avoid.
Wal-mart Canada to invest less this year following Target Canada's demise
With the end of Target's operations in Canada, Wal-Mart has gone easy on its investments. In a recent news, the company stated that it will be investing only $269 million in 2015 in Canada, compared to over $450 million invested last year. Wal-Mart began selling groceries in Canada back in 2006 and it forayed aggressively into fresh foods when Target announced its entry in the country in 2011.
UNIQLO rumoured to open major store at Metrotown
Japanese fast-fashion retailer UNIQLO is looking to open a significantly sized location at Burnaby's Metropolis at Metrotown shopping centre.
A source, who asked to remain anonymous, told Vancity Buzz that UNIQLO is in the process of securing the large retail space currently occupied by Home Outfitters on the lower level of the shopping centre's Grand Court atrium area.
Samsonite strengthens its global retail presence with acquisition of Rolling Luggage
Travel Daily News
Samsonite International S.A. announced that it has completed the acquisition of Rolling Luggage, one of the world's leading airport retailers of branded luggage and travel products for business, fashion, adventure and leisure travel, from the Rcapital owned Tie Rack Retail Group for a cash consideration of $15.75 million.
Cross-border shopping is about more than a bargain
Deals and designer brands have lured Canadian shoppers south of the border for years, but the United States is no longer the only option for local bargain hunters.
With the loonie falling and the emergence of high-end outlets in the GTA and the Niagara Falls area, many no longer see the U.S. as the best place to get a bargain.
But not Matthew Cass, who crosses the border from Welland, ON, to Buffalo twice a week. "It's cheaper over there, even though it's 20 cents on the dollar," he said.
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