STORE SPACES

Report: Toys ‘R’ Us Canada purchase could save some U.S. stores

BY CSA Staff

Some Toys “R” Us stores could be getting a lifeline.

Toronto-based investment firm Fairfax Financial Holdings Ltd., which submitted the sole bid of approximately $234 million dollars ($C300) for the Canadian subsidiary of Toys “R” Us, said its plans are not limited to Canada, according to The Financial Post.

Specifically, the firm is exploring how to keep a foothold in the U.S. and elsewhere, the report added.

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Report: Home furnishings giant inches closer to its debut in India

BY CSA Staff

Ikea is weeks away from opening the doors to its first store in India.

The Swedish home furnishings retailer will open its Hyderabad store — the company’s first in the country — in July, according to LiveMint.

The store will encompass 400,000 sq. ft. in Hi-Tech City, and will have over 7,000 products on display. The store opening comes six years after the company got permission to enter the market.

Ikea plans to open 25 more stores in the country by 2025, the report said.

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Report: Subway plans to close even more U.S. stores this year

BY CSA Staff

A fast-casual restaurant giant continues to close stores in the United States, yet it is ramping up plans to expand globally.

Subway will close about 500 more of its U.S. stores in 2018. Last year, more than 800 stores went dark, with the total U.S. count drop-ping to 25,908. Subway began shuttering stateside locations in 2016, according to Bloomberg.

While the restaurant chain is struggling to boost sales in the U.S. as newer, more modern chains emerge, the chain continues to expand abroad. This year, the chain will add more than 1,000 locations out-side of North America, focusing on growth in countries including the U.K., Germany, South Korea, India, China and Mexico, according to the report.

The company operates more than 40,000 locations globally.

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