US Retailers Go To Toronto, Volkswagen challenges GM: Consumer Biz Report
Microsoft Corporation (NASDAQ:MSFT) and Tesla Motors (NASDAQ:TSLA), among other companies, opened stores in the high-end Yorkdale Shopping Centre’s $220-million dollar expansion, debuting to the public on Friday in west Toronto. The expansion of the premises added 145,000 square feet of space, along with more than 800 additional parking spots and 27 new stores. Of these, the designer boutique Ann Taylor (NYSE:ANN) launched its second store in Canada.
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Volkswagen (VLKAY.PK) may well be struggling on the Continent, but the historic automaker is coasting in worldwide markets. In October, Volkswagen boosted its global sales by 14.6 percent, and so far in 2012, Volkswagen sold 7.5 million units globally, which represents a jump of 10.2 percent. In China, the company is challenging General Motors (NYSE:GM), but so far has not quite closed the gap.
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