|
2012 Archives
Person charged in Salvation Army $2M toy thefts in Toronto
The Salvation Army warehouse boss in Toronto recently
dismissed after $2 million worth of donated toys and other
goods vanished now faces three criminal charges. David
Rennie surrendered to police Monday morning - three days
after officers there seized 146 pallets of toys, food and
other items from a Brampton, Ont., warehouse. Rennie was the
executive director of the Railside Rd. facility until fired
recently after an internal audit revealed toys went missing
over the past two years. Police said the seized skids of
items, which required three transport trailers to remove,
will be returned to the Salvation Army eventually.
(Source
wellandtribune.ca)
Black Friday creeps north as
Canadians join the four day frenzy
The hype surrounding Cyber Monday and Black Friday is
spreading north of the border, and some experts predict the
weekend-long sales binge could soon surpass Boxing Day as
the busiest shopping period of the year in Canada. The
largely U.S. phenomenon is creeping north as more U.S.
competitors set up shop here, the high Canadian dollar makes
cross-border buying more attractive, and Canadian retailers
work harder to keep shoppers from pursuing bargains south of
the border. Several major Canadian chains advertised Black
Friday specials in Canada, even though it was a work day for
most Canadians. (Source
theglobeandmail.com)
Quebec vows to make hostile bids for companies like Rona
more difficult American home
renovation retailer Lowe's attempted last summer to acquire
Rona through a $1.8-billion proposal but retreated in
September in the face of staunch opposition from Rona's
board and Quebec politicians. But with Rona's CEO's recent
departure and one major shareholder in favor of looking at
Lowe's bid Quebec looks like they may be determined to stop
it. (Source
whistlerquestion.com)
Canadian retailers to lose $5B to U.S. retailers as Canadian
head south of the border for holiday shopping
While retailers like Hudson's Bay Co., Canada's oldest
company, are advertising Black Friday deals of their own,
higher duty-free limits, lower U.S. prices and a currency
near par with the U.S. dollar will lead to at least a 25
percent increase in lost sales abroad in November and
December, said Douglas Porter, deputy chief economist at the
Bank of Montreal. He says the sales drain will total just
over $5 billion. (Source
sfgate.com) |
|
What's Happening?
Coming in 2012:
Mobile App's
LP Show Coverage
The Top 10
|
|