|
Macy's Won't Come to Canada - Despite Recent Press
The founder of a prominent commercial real estate company says that Macy's is
likely coming to Canada. Specifically, he said that he had heard from "pretty
good sources" that "luxury retailer" Macy's would open in West Edmonton Mall, in
an expansion wing beside the mall's popular World Waterpark. Last year, Macy's
CEO Terry J. Lundgren said that Macy's didn't have plans to open in Canada.
Following Mr. Clubine's comments on Wednesday, Macy's told CTV news that it has
no plans to open in Canada, and that "Canada is not part of our thought
process". retail-insider.com
Target's 'Make it or Break It' Holiday Season
As a turnaround plan shows signs of improvement, analysts see the season as a
make-or-break turning point in the retailer's international expansion. Some
analysts say this holiday season is a make-it-or-break-it moment for Target in
Canada. If the operation doesn't meet expectations, Target will consider closing
stores, said Leon Nicholas, a senior vice president of Kantar Retail. "With the
benefit of hindsight, I wished we wouldn't have opened up so many stores as we
did at once," Schindele said. "We probably should have scaled back from what we
did." Naughton estimates it would cost about $1.2 billion for Target to close
its Canadian division. "It's pretty clear that they could improve the cash flow
of the company pretty materially if they did close down these stores," he said.
"What's less clear is if they are starting to turn a corner and potentially
starting to get this thing going in the right direction." Analysts estimate that
Target has already invested $5 billion to $6 billion in Canada thus far, so a
decision to leave won't be made lightly. Target has been a disaster in Canada,
producing sales about half of our initial projections, and running deep
operating losses," he wrote.
startribune.com
Mastermind Toys Aggressively Expanding Canadian Store Base
Canada's largest privately-owned specialty toy and book retailer has aggressive
expansion plans. Toronto-based Mastermind Toys will more than double its
existing store base within three years, and has recently opened several
locations in new Canadian markets. Mastermind Toys President Humphrey Kadaner
says that the retailer plans to grow its current 34 locations to between 70 and
75 stores by the year 2018. Of its current 34 locations, 29 are in Ontario with
19 of them in the Greater Toronto Area. Four stores are in Alberta and soon, two
will operate in British Columbia. retail-insider.com
E-commerce explosion coming for 2014 holiday shopping - online fraud to follow
Canada Post expects to deliver 20 per cent more parcels related to e-commerce
this November and December. The growth has been amazing," says Rod Hart, Canada
Post's general manager of parcels and e-commerce. "And you also see that online
shopping used to skew to an age category that was on the younger side. Now we
see that right through to 60-plus, they've becoming more comfortable with it."
Later adaptation to online trends by Canadian retailers has been key factor,
according to the head of digital for Best Buy Canada. cbc.ca
Canada's new 'Black Friday' - It's Growing
Vancouverites are poised to do more shopping on Black Friday than ever before,
according to a report that Deloitte released November 3. It only started a
couple of years ago. With their Thanksgiving in October they never really had a
'Black Friday'. But with all the American retailers moving north and the
advertising behind it - it now looks like they're enjoying it. It's growing and
had become 'hugely important' to the retailers. As they also try to curb
cross-border shopping by Canadians.
biv.com
Worker protection bill passes with amendments to help temps and wage theft
claimants; Bill also ties minimum wage increases to inflation and expands
protections to interns, students and migrant workers Ontario's
legislature voted unanimously in favour of a new worker protection bill on
Thursday, after it was amended to include two key concessions to workers' rights
advocates. Bill 18 will now become law pending Royal Assent - almost a year
after being first introduced. Campaigners welcomed two changes in particular to
the bill, one affecting temporary workers, the other workers who want to launch
a wage theft claims. The first affects Ontario's 133,000 temporary workers, many
of whom find work through temporary employment agencies. Previously, these
agencies were responsible for upholding all temporary workers' rights under the
Employment Standards Act, including hours, sick days, pay and termination.
thestar.com
1 million Canadians expected to call in sick to go Black Friday shopping
Nordstrom set to hire 400 employees in Ottawa
Montreal,
CN: Jewelry robbery targets Birks in Fairview Pointe Claire shopping mall
Montreal police are looking for four suspects who robbed a Birks jewelry store
at the Fairview Pointe Claire shopping mall. Police say four masked men went
into the store at 8:15 p.m. on Wednesday. They smashed the jewelry cases using
hammers, grabbed merchandise, and then sprayed people in the store before
fleeing on foot. Police Const. Simon Delorme says investigators are asking for
help from the public to identify the suspects. "There's many witnesses to meet
and if anyone saw something special or have taken some pictures of the scene
they can call the police station nearby," said Delorme. Delorme said people with
information can also call the police Info-Crime line. The value of the stolen
jewelry is not yet known.
cbc.ca
Ex-Michelin worker charged with fraud
A former Michelin employee has been charged with defrauding the company of
nearly $15,000, causing his new employer to review his status. Andrew Peter
Morine appeared in Bridgewater provincial court Wednesday charged with
defrauding the tire manufacturer of $14,733.34 between Dec. 26, 2013, and June
15, 2014. The Conquerall Bank property owner is accused of doing that by
allegedly making unauthorized purchases for his personal use on a Michelin
credit card. Morine was hired at Michelin in December 2011. An online business
profile says he was an operational maintenance manager for Michelin until he
took a job as a maintenance supervisor at Cavendish Farms in the summer.
thechronicleherald.ca
Langley
RCMP investigating 4 suspects in Gift Card and stolen bank check scheme
Langley RCMP are asking the public for help in identifying four people. On Nov.
5, police were called to the Walmart in Langley to investigate a report of
fraudulent gift cards. A teller became suspicious when the amount on the gift
card did not match the cash register's tally. When the teller questioned the
man, he fled the store and left behind the gift cards. In a second incident on
Nov. 7, three people used a stolen bank cheque and identification to buy more
than $1,000 worth of goods at the Langley Costco. The cheque and ID were from a
wallet that was stolen in Abbotsford on Oct. 30.
globalnews.ca
Pharmacy Robbery Unsuccessful in Exeter
The OPP are investigating a rash of pharmacy break-and-enters in Huron, Perth
and Lambton say that in each case, thieves got into the businesses by smashing
the front doors. But in Exeter, thieves attempted a novel approach to get what
they wanted. Police say they were called to an apartment building on Main Street
South Sunday, in connection with an incident that happened the night before.
Investigators tell us thieves tried to kick in the wall separating the stairwell
to upstairs units from the pharmacy next door. While they created a racket and
did $300 damage to the wall, they didn't get into the pharmacy and apparently
gave up the attempt.
bayshorebroadcasting.ca |
|
|
|
|