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 Target's new Canadian Chief Outlines Plan to Fix Empty Shelves & High Prices
From too many items jammed in its warehouses to pricing that is too high because
1,000 of its products failed to go through the retailer’s price comparison
checks, the new boss has a plan. The Canadian snags hit the bottom line, with an
operating loss of almost $1-billion (U.S.) in its division here last year and
another $211-million in its first quarter of 2014. The new Target leader hired
two consultancies to help analyze supply chain systems, inventory order lead
times, prices and merchandise offerings. He’s now aiming to win over shoppers by
lowering some prices, introducing more goods available in its U.S. stores as
well as products for Canada only and streamline bogged-down distribution
procedures to get merchandise to stores faster. According to consultants Target
has the know-how to fix the problems. But it will have a tougher time recovering
from the “bad first impression” it made on Canadian shoppers. “They’re going to
have to claw their way back.” (Source
theglobeandmail.com)
Department stores have best growth opportunity in Canada - This speaks well for
HBC's growth plans According to a new study from market research firm
IbisWorld, the U.S. retail segment best suited for expansion into Canada is
department stores, followed by men’s clothing stores. In order, the remainder of
the top five U.S. retail categories primed for expansion into Canada are shoe
stores, auto parts stores, and lingerie, swim and bridal stores. According to
IbisWorld analysis, U.S. industries best suited to expand into Canada are
characterized by slow growth and a high level of market share concentration,
with few dominant major players generating the majority of industry revenue. In
contrast, Canadian industries primed for entry tend to be fragmented and exhibit
low levels of market share concentration; these industries are especially
appealing if they consistently post revenue growth. (Source
chainstoreage.com)
Fire crews rush to Calgary's Market Mall after explosion in diamond store
A pressure cleaning system is being blamed for an explosion at Market Mall on
Monday. Emergency crews were called to the northwest building around 7:30 p.m.
When they arrived, firefighters found signs of an explosion at the rear of
Maggie’s Diamond Boutique. is believed that a malfunctioning pressure cleaning
system ruptured and damaged the store. No one was injured.
(Source
globalnews.ca)
Target to open 3 more Canadian locations this fall
Target will open three more Canadian locations this fall, bringing its total
store count to 130. Two locations are in Ontario, and one in Manitoba.
(Source
retail-insider.com)
Visa won't reimburse pet shop owners after fraud scam
Arrest made in armed robbery at London pharmacy
Fredericton Police locate accused Shoppers Drug Mart robber
Armed Robbery at 7-Eleven in Hinton, AB
Lone
male steals money from register at St Catherine's Canada Chex Sports store
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