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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
winnipegfreepress.com)
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
collierscanada.com)
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
transwoeld.net)
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 ottawacitizen.com)
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
montrealgazette.com)
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 youtube.com)
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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