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 Chapters Indigo - Canada's Version of U.S. Barnes & Noble - Transforming It's
Stores To Stay Alive - Lifestyle Products From 40 Indigo iStores with
Apple products to electronics and even now high-quality dolls from American
Girl. This retailer is doing everything they can to stay alive and transform in
an industry that has to counter retailers selling books online below cost. The
company will also offer a wide assortment of headphones, earbuds, speakers and
other electronics for sale. With 96 superstores and 131 small format stores
their most recent 3Q results show same store sales up 2.6% with revenue up 3%.
However for year to date revenue was down 1.7% with superstore same store sales
down 1.5% and 10.7% for their small format stores. (Source
sinsblog.com)
Birks Group jewelers plans operational restructuring to reduce corporate
overhead - Closing U.S. regional office? Birks expects to consolidate
most of its corporate administrative workforce from its regional office in
Tamarac, Florida to its Montreal corporate head office. This move will incur
restructuring costs over the next 12 months of between $2 million and $4
million, primarily consisting of employee severance, professional fees and
possible costs related to terminating certain leases. (Source
diamonds.net)
Target losses hit $1.64B since entering Canadian development phase in 2011 - The
new CEO named today "will likely have to exit the Canadian business for the
benefit of the shareholders" Plagued by execution missteps from
inception, such as improperly laid out store interiors, overpriced housewares,
and a broken supply chain that led to persistent out of stocks in food, Target
Canada has been a dreadful experience for the Minneapolis-based retailer. In
fact, my firm Belus Capital Advisors rates Target shares a sell on the premise
the stock market continues to underappreciate the financial risks of the
company's Canadian segment. (Source
thestreet.com)
Target price matching campaign in Canada - Jump Starting the business
Ikea illegally negotiated with workers, must pay damages to union, says Labour
Relations Board
RCMP report - Bitcoin is fresh method to launder proceeds from crime
Ingenico to deploy Canada's first EMV and contactless mPOS product
Senior citizen arrested, facing charges after bomb threats in Porter’s Lake
Ottawa man, 25, charged in five retail robberies
Burin Peninsula RCMP Search for Marine Store Robbers
Surrey Mounties jolt man with Taser; man barricaded himself in a flower cooler
of an area grocery store
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