TORONTO/CHICAGO, Sept 25 (Reuters) – The turnaround
specialist who had signed on to run Sears Holdings Corp’s
Canadian business is resigning for personal reasons,
the struggling U.S. retailer said on Thursday, the same day a
major shareholder said it was no longer interested in
contributing to a loan.
Chief Executive Officer Douglas Campbell will resign by the
end of 2014 to tend to family matters, said Sears Canada, which
is majority owned by Sears Holdings. Campbell had taken the helm
of the unit just a year earlier.
TORONTO/CHICAGO, Sept 25 (Reuters) – Department store chain
Sears Canada Inc, which has had six consecutive years
of declining revenue, said on Thursday that Chief Executive
Douglas Campbell will resign by the end of this year so that he
can tend to family matters.
Sears Canada, which is majority-owned by Sears Holdings Corp
, is facing intense competition and has seen its market
share erode for years.
TORONTO (Reuters) – It has been more than 25 years since a young Ethan Hawke stepped on his desk to salute his teacher, portrayed by Robin Williams, in “Dead Poets Society.”
Hawke, 43, has taken on some 50 roles since and this year received his third Oscar nod for best adapted screenplay for “Before Midnight,” shared with Richard Linklater and Julie Delpy.
TORONTO (Reuters) – McDonald’s Corp (MCD.N: Quote, Profile, Research, Stock Buzz) is making its McCafe ground coffee available in Canadian grocery stores this month, the fast-food giant said on Tuesday, part of its broader campaign to win market share in a country long dominated by rivals like Tim Hortons Inc (THI.TO: Quote, Profile, Research, Stock Buzz) and Starbucks Corp (SBUX.O: Quote, Profile, Research, Stock Buzz).
The competition to woo Canadian coffee drinkers has intensified in recent years, while rivals have pushed into McDonald’s territory by expanding their own breakfast and lunch menus in order to attract new customers and drive up spending per visit.
TORONTO (Reuters) – From dramas about mentors and their apprentices, to imaginative musicals, biopics, and documentaries, music underpinned an eclectic swathe of movies appearing at this year’s Toronto International Film Festival.
These ranged from high profile galas like Francois Girard’s ‘Boychoir’ and the Canadian premiere of Sundance favorite ‘Whiplash’ to Ethan Hawke’s intimate and well received study of a former concert pianist.
TORONTO (Reuters) – The interview was supposed to start, but pianist Seymour Bernstein was not quite ready. He held up his iPad to take one more picture of actor-director Ethan Hawke before he was satisfied.
“I think that captures the part of you that I’m very fond of: unassuming and full of affection,” Bernstein told Hawke, showing him the photo.
TORONTO (Reuters) – A jump in online sales helped yogawear chain Lululemon Athletica Inc report a higher-than-expected quarterly profit and increase its full-year earnings forecast on Thursday, sending its stock higher and reversing some damage from a high-profile recall last year.
Shares of the one-time investor darling jumped 14 percent in pre-market trading. Prior to the latest move, its shares had fallen more than 40 percent in the last 18 months following an embarrassing recall of yoga pants deemed too see-through.
TORONTO, Sept 8 (Reuters) – British class and privilege are
seldom associated with hooliganism and uncontrolled violence,
but Danish director Lone Scherfig pairs the two in a new film
about the debauched excesses of an exclusive Oxford University
“The Riot Club,” which premiered at the Toronto
International Film Festival on Saturday, is a story inspired by
the elite dining societies of Oxford and Cambridge.
TORONTO, Sept 8 (Reuters) – Canadian retailers, scrambling
to keep pace with the likes of Wal-Mart Stores Inc and
Amazon.com Inc in an increasingly crowded market, are
investing heavily in high-tech tools to lure shoppers.
Companies have ramped up their efforts to address consumers’
evolving shopping habits and to compete with rivals such as
Wal-Mart, which is pouring more than C$30 million ($27.4
million) into Canadian e-commerce projects this year.
TORONTO, Sept 4 (Reuters) – Bombardier Inc’s
troubled CSeries is on the brink of resuming test flights in
coming days, a source familiar with the matter said on Thursday.
“It is very close. There should be some good news on the
test program within the next week,” the source said.