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65 Future Shop stores left - re-open under Best Buy name - Investing $200M over
next two yrs to improve "customer experience" Some 1,500 employees,
including 500 full-time and 1,000 part-time positions were eliminated during the
closures of the other 66 stores. That's in addition to the 136 stores that
already operated under the Best Buy name, including 18 in the Toronto
region. In Ontario, 22 Future Shops were converted to Best Buy stores, while 30
others closed permanently, for a total of 55 Best Buy stores and 29 Best Buy
Mobile stores across the province. The company said its Best Buy stores are
larger, which will allow it to invest in appliances and in-store experiences.
The company said it plans to invest up to $200 million over the next two
years to improve the customer experience, both in-store and online.
thestar.com
Quebec based David's Tea files for IPO; sees potential for 300 U.S. stores -
Could need an LP Director in the future Founded in 2008, Canada's
David's Tea has flown largely on the radar, and now operates 134 stores in
Canada and 24 in the United States. It sees the potential for up to an
additional 100 stores in Canada and an additional 300 locations in the United
States. In fiscal 2015, David's Tea expects to open approximately 25-30 stores
in Canada and 10-15 stores in the United States. looks to open 30 to 40
annually. Editors note: This company could probably use an LP Director once they
hit that 200 store mark. Keep an eye out for them.
chainstoreage.com
Canadian Tire - A Brand Canadian's should be proud of & one that helped defeat
Big Red (Target) Much can be said about Target's problems and their
own self-inflicted wounds but one element seems to have avoided most writers and
analysts covering the Canadian Push, and that's that a few of the Canadian born
retailers and the already well established U.S. retailers in Canada,
specifically Home Depot and Wal-Mart up'ed their game and fought back. One of
the leaders being Canadian Tire. Canadian Tire knew it had to up its game
again, and that is exactly what it did. Its "Smart Store" concept is a vast
improvement over the traditional Canadian Tire stores, and its other banners
have gotten a nice facelift too. Canadians have responded well-revenue from the
retail segment grew by an impressive 10.4% just last quarter. So, when looking
ahead, Canadian Tire is much better off than it would be if Target never
arrived. The company famously survived back in the mid-1990s, when both Walmart
and Home Depot entered Canada. Editor's Note: It wasn't just the problems
Target had internally that led to their demise. It was also the fact that up
until Target's announcement of their 130 store Canadian entry the U.S. push had
been very controlled and slow, almost going unnoticed, but once Target made
their announcement the retailers saw it as a declaration of War and knew that it
would be survival of the fittest. So, in one regard the entire Target event
benefited the Canadian retailers and the Canadian consumer. Because everyone
up'ed their game and whenever that happens most everyone wins. Except for Target
that is. But I wouldn't write them off in Canada yet, because they may be back.
Just a thought.
fool.ca
Canada could see 7 Sakes Fifth Ave. stores & 25 Off Fifth's - That's Lots of LP
jobs! Two Saks Fifth Avenue locations are currently under
construction, and negotiations continue for other free-standing stores. The
chain's Canadian flagship, spanning 150,000 square feet over four floors within
Toronto's flagship Hudson's Bay building, is scheduled to open in the spring of
2016. A second 130,000 square foot location, at Toronto's Sherway Gardens, is
scheduled to open in the fall of 2016. Both stores will be unique in how they
will feature large grocery departments, each approximately 25,000 square feet,
unlike in Saks' American locations. retail-insider.com
Nordstrom plans to open between seven and 10 Canadian stores, with locations
already open in Calgary and Ottawa Nordstrom will open its first
Vancouver location this September and in 2016-2017, it will open three Toronto
locations. Two of Toronto's Nordstrom stores will be located in the same malls
as Saks.
retail-insider.com
Boutique Jacob relaunching operations with five Quebec stores
Womenswear retailer Boutique Jacob is resuming operations, although on a much
smaller scale. Family owners are developing a plan to relaunch the business with
five stores in Quebec along with online operations after exiting seven months of
creditor protection under the Bankruptcy and Insolvency Act. Jacob is abandoning
any hope of rebuilding a national brand after closing 91 stores last year and
shedding some 990 employees. Instead, it will focus on locations in Montreal,
Quebec City and Sorel-Tracy where the company started 35 years ago.
financialpost.com
Kelowna RCMP looking for Vacuum thief - hit London
Drugs store six times
Chaos as Walmart shoppers swarm armed robber in Hamilton
Customers swarmed an armed robber at an east Mountain Walmart Tuesday night, in
a chaotic scene that saw two cashiers jabbed with a mock gun. Police say the
suspect went into Walmart a few minutes after 8 p.m. Pulling a fake handgun out
of his sock, he walked up to a cashier, police say. "He pressed the imitation
gun to her side, told her to open the cash register," said Staff Sgt. Gary
Thompson. According to witnesses, he screamed at her several times to hand over
the cash. Police say the shaken employee could not open the register fast
enough. The suspect then moved to another employee and began yelling at him to
open his register while shoving the gun into his back. The staffer panicked as
well and fumbled to open the drawer. Scared customers scrambled in all
directions, police said, just as the employee got the register to open. "Then
they swarmed him," Thompson said. Police say a customer came from behind and
struggled to restrain the gunman. They ripped the gun from his grasp. Lumsden
said he passed the weapon to a nearby employee and continued to hold the man
down. Police say no one was injured in the incident.
thestar.com
Crash in Regina leads to fraudulent credit cards seizure by RCMP
A rollover on the Trans-Canada Highway led to the RCMP seizing a number of
fraudulent credit cards. On March 21 the Morse RCMP found a 2004 Dodge Durango
in the centre ditch near Ernfold. Officers found a firearm at the scene and
seven grams of crystal meth. Interested in what else might be inside, they got a
search warrant on the Durango and found a number of altered gift cards,
computers, two grams of cocaine and drug paraphernalia. Most of the cards were
Visa and MasterCard brand, with the real numbers sanded off along the with the
amount of the gift card. The suspects appear to have embossed stolen credit card
numbers onto the cards as well as expiry dates and customer name.
leaderpost.com
Jewelry Store Robbers caught by police a block away in North Vancouver
Unfortunately for two males who had just robbed a jewellery store, they were
observed by plain clothes police officers who were at the right place and time a
block away. handcuffs with blue and red lights. The incident unfolded on April 7
in North Vancouver when at approximately 11 a.m. two males entered a jewellery
store in the 1500 block of Lonsdale Avenue. One of the males stood watch while
much to the alarm of the store employees the other male suddenly jumped over the
counter and grabbed an extensive amount of expensive jewellery from the show
cases. Both suspects were last seen fleeing the area on foot. Working nearby
were plain clothes police officers who observed the two males acting
suspiciously as they ran down the street. The two males were ultimately arrested
by the North Vancouver RCMP.
thenelsondaily.com
Retail Conditions Report February 2015
Each quarter, Retail Council of Canada surveys members to bring you the latest
news on retailer performance across the country. The Retail Conditions Report
provides members with valuable, real-time insight into consumer behavior, best
practices in retailing, trends and economic conditions.
Read more
Retail Fast Facts: March 2015
Highlights:
● Total monthly retail sales changed by 0.5 per cent over the comparable month
last year.
● Total sales excluding food, automotive and gasoline changed by 3.7 per cent
over the comparable month last year.
retailcouncil.org
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