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Canadain Push 6-7-13


Giant Tiger's response to the American invasion - Open more stores in rural   areas where the big boys won't go  The urban retail jungle is getting crowded, so the North West Company's Giant Tiger division is on the prowl for expansion opportunities in smaller rural centres where the competition is less fierce. Company officials believe smaller rural centers with a trading area of 10,000 to 15,000 people or less where industry heavyweights such as Wal-Mart and Target aren't likely to set up shop there. (Source

U.S. Retailers Will Shape the Future of Canadian Shopping 
The continuous influx of U.S. retailers into Canada is expected to have a lasting impact on Canadian retailers and consumers, according to Colliers International’s 2013 Spring Retail Report released last week. “We already see Canadian retailers increasingly adopting U.S.-style sales and promotions such as Black Friday and Cyber Monday sales, as well as other discount pricing strategies, to keep consumer spending at home,” adds Smerdon. According to the Colliers retail report the increasing pressure for Canadian retailers to compete on price as well as shopping experience to match the look and feel of their U.S. competitors (both on and offline) is a key driver that continues to shape the Canadian shopping experience. (Source

Billabong Hires Financo To Sell West 49 
In June 2012 Billabong bought West 49 for 99 million Canadian dollars, which equals out to approximately $91 million US dollars with debt. Originally the company held 138 stores, but currently has downsized to nearly half of that with 70 stores. (Source

Costco continues its Canadian Push as well - how much expansion can Canada handle before it's saturated like the States?  While many re-tail industry players anxiously watch U.S. retailers Target and Walmart racing to expand their store networks across Canada, Costco Wholesale continues to build its presence here as a quietly indomitable retail giant, with plans to build up to 25 more of its vast warehouse stores. Our goal is to get to about 110 (stores)," said Louise Wendling, senior vice-president and country manager at Costco Wholesale Canada Ltd. (Source

Provincial Revenue Agency files 1500 charges against a Montreal Goldsmith retail chain for $211 Million in Tax Fraud.  The fraud charges involve wholesaler Carmen International of Montreal, three of its administrators, and eight jewelry stores and their administrators. Revenue Quebec alleges that they used a phony billing system to try to get tax refunds they were not entitled to. The agency says they engaged in fraudulent commercial activity that involved the transformation and recycling of gold. Revenue Quebec says its proof is based on 20,000 pages of documentation and the testimony of informants. (Source

Remember the OJ chase on TV - Well Ontario police chased a stolen flatbed for hours - while being televised on live TV Ontario police chased the stolen flatbed for hours. People watched online, television news stations broadcast the chase and people even went to overpasses to take pictures. Eventually the thief finally pulled over and gave up. (Source

Retail Council of Canada - Fast Facts

Canadian Retail Sales
May down 1.2%
April down 1.7%
March up 2.9
Feb. down 3.4%
Jan. up 2.0

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