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Target gets aggressive - Undercuts even Wal-Mart in pricing
"Target's price leadership in Canada has clearly shifted," noted Robin Sherk,
director of retail insights, Kantar Retail, and contributor to the study. "We
found that the price of Target Canada's overall basket was 3.9% less expensive
than Walmart's. In our initial study, the retailers' basket values were
effectively even." (Source
chainstoreage.com)
Canadian class-action lawsuit against Home Depot data breach - seeks $500M - 1
person sees $8K in bogus charges on his card Lozanski is working with
Toronto law firm, McPhadden Samac Tuovi LLP, in launching the class action law
suit against Home Depot of Canada Inc. and its American parent, The Home Depot
Inc. It's the first class action lawsuit in Ontario targeting the security
breach. The initial claim is $500 million, but that could change once lawyers
get a more realistic handle on the actual extent of the losses. He realized
$8,000 was improperly charged against his Visa in a series of transactions in
early September 2014. (Source
ctvnews.ca)
Cargo theft a hit to Canadian economy, security - Supporting Bill S-9
Cargo theft is not simply about stolen goods – affecting an individual load or a
particular company – but extends beyond that to adversely influence the economy
as a whole, Richard Dubin, vice president of investigative services for the
Insurance Bureau of Canada (IBC), suggested during the Annual Toronto Fraud
Forum this week. IBC supports giving cargo theft a higher profile and adopting
tougher sentencing, Dubin said. "Sentencing hasn't been very tough for this type
of crime. A perfect example is there are cases where a person gets caught with a
million dollars of narcotics – cocaine, whatever – and they get a very heavy
jail sentence. They'll grab somebody who was involved in stealing a trailer load
and they're not, at times, getting jail sentences," he added. That is one reason
why IBC lobbied for Bill S-9, an Act to Amend the Criminal Code, which at its
heart, is auto theft legislation. "But the beauty of Bill S-9 is it also
includes the seizure of property obtained by crime, which would cover cargo
theft," Dubin told session attendees. "As a result of that, we are working with
CBSA (Canada Border Services Agency) now where they are prepared through
intelligence to identify containers that they think have stolen cargo and start
seizing those containers," he said. Under the act, trafficking in property
obtained by crime and possession of property obtained by crime for the purposes
of trafficking are subject to imprisonment for as long as 14 years. "Cargo theft
is a huge business," Malbeuf said, pointing out that a tractor-trailer load is
taken every day. "They will steal anything; anything they can take, they will
take it and it's gone within 24 hours," he noted. (Source
canadianunderwriter.ca)
Fraud turns up on Canadian credit cards following Home Depot breach
MasterCard Canada and Visa said last week both have been combing their Canadian
customer bases since being notified of the breach, alerting partner banks about
specific accounts to be watchful of. The credit card companies declined to
comment about how many Canadian accounts had been identified. Though reports
suggest the majority of the fraud is being attempted in the United States, Davis
- one who reported his card was used, appears to be far from alone in Canada in
the wake of what's become one of the biggest data breaches at a retailer to
date. Canadian banks and credit card providers are moving to block potentially
fraudulent transactions. A spokesperson for TD Bank, which manages its own
credit cards as well MBNA brand cards, told Global News it's been proactively
cancelling cards. "We are reissuing cards for customers we believe may have been
impacted, and evaluating further action," said Alicia Johnston, a spokesperson
for TD Bank. (Source
globalnews.ca)
Sears Canada loses its 3rd CEO in three years - CEO Douglas Campbell resigns
after one year in the job
Saks Fifth Avenue preparing to build 1st Canadian stores
Patrol car rammed, Vancouver Police fire shot at suspect in AM/PM robbery
Canmore drug store robbery at Rexall Pharmacy
The Sûreté du Québec's economic crimes squad cracks Credit Card Fraud scheme, 5
arrested The Sûreté du Québec's economic crimes squad has arrested
five suspects in a counterfeit credit card scheme that netted an estimated
$750,000 for the alleged fraudsters over the past five years. Three men and two
women, aged 20 to 52, allegedly used fake credit cards they had made themselves
to buy gift cards, gas and electronic equipment which they would then resell.
Police searched several homes and vehicles in Pierrefonds, Montreal, Repentigny,
St-Hubert and Lachine, and arrested one suspect on Tuesday and the four others
on Thursday. The searches yielded 750 counterfeit credits cards, a portable
computer, electronic equipment, passport photos and false drivers licenses. The
investigation, dubbed Myosis, was launched in July and involved 35 SQ officers.
(Source
montrealgazette.com)
Retail Fast Facts: September 2014
Highlights:
● Total monthly retail sales changed by 6.6 per cent over the comparable month
last year.
● Total sales excluding food, automotive and gasoline changed by 6.4 per cent
over the comparable month last year. (Source
retailcouncil.org)
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