Founder of shoe empire donates to alma mater

MONTREAL— The founder of the Aldo shoe empire is donating $18 million to McGill University to help create a school of retail management at his alma mater. Aldo Bensadoun said in a statement the school will provide a new generation of retailers with solutions for the industry’s transformation. He said success in retail would depend on the integration of big data, artificial intelligence and neuroscience. Shopping habits have changed profoundly as people shop online more and look for deals. Many retailers have gone bankrupt or slashed jobs. Aldo has over 2,000 stores worldwide.—