The question is who is the most vulnerable. That puts Sears at the top of the list, considering they have plans to shut down 3 major stores in Vancouver, Calgary, and Ottawa...
WalMart will feel a sting right off the bat, but if Target runs into the same issues that WalMart had when they first came to Canada (Distribution, taxes, etc), they will not be able to price themselves as well as they would like to. They will draw the masses for the first while, but until they figure out that the Cdn economic system is not the same as the US, they won't be the force everyone thinks they will....
DJ - 12 years ago
Sears is extremely vulnerable given it's state of business at this moment in time which will hit them where it hurts, however, Wal-Mart is going to lose a larger share overall. My prediction, given it's very similar customer base; they've sat very pretty for many, many years in Canada and now will have a real retail war with a willing and strong competitor. May the best discount retailer win.
The question is who is the most vulnerable. That puts Sears at the top of the list, considering they have plans to shut down 3 major stores in Vancouver, Calgary, and Ottawa...
WalMart will feel a sting right off the bat, but if Target runs into the same issues that WalMart had when they first came to Canada (Distribution, taxes, etc), they will not be able to price themselves as well as they would like to. They will draw the masses for the first while, but until they figure out that the Cdn economic system is not the same as the US, they won't be the force everyone thinks they will....
Sears is extremely vulnerable given it's state of business at this moment in time which will hit them where it hurts, however, Wal-Mart is going to lose a larger share overall. My prediction, given it's very similar customer base; they've sat very pretty for many, many years in Canada and now will have a real retail war with a willing and strong competitor. May the best discount retailer win.