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The Retail Council of
Canada's Retail Loss Prevention
Conference is right around
the corner DON'T MISS CANADA'S
LEADING RETAIL LOSS PREVENTION
EVENT!
The event, which will take place on
September 10-11 at
Toronto Congress Centre, South Building
in Toronto, ON, will
bring together the industry's top
achievers and leading
exhibitors to discuss key issues that
impact the loss
prevention industry in retail and the
strategies needed to
face these issues head-on. Gain
knowledge about practices,
innovative products and services
designed to maximize
profitability, and connect with the LP
retail community.
Become a sponsor and help enhance your
company's presence in
the Canadian retail industry. Become an
exhibitor and meet
other retail LP professionals from all
over the country.
Over 300 individuals from all across
Canada attended this
event last year. Register for the event
here.
First upscale outlet shopping center
opens in Toronto - well
the ORC won't be far behind -
Welcome to the outlet world
Canadian LP Exec's Canada
has long been wanting to get
into the Outlet business and for years
their consumers have
been flooding the U.S. specifically to
go to outlet centers.
Well now they have one in Toronto called
Toronto Premium
Outlets serving the greater Toronto area
- also called the
GTA. Well it won't be long before we
start hearing about
more ORC there. With 85 stores and
developed by Simon
Property Group.
(Source
prnewswire.com)
Famous Footwear opens first Canadian
store in Toronto
Premium Outlets in Halton Hills,
Ontario Joining
84 other designer and name brand
retailers.
(Source
businesswire.com)
Here comes the Outlet stores to Canada -
a first for them -
with ORC right behind it Saks -
Off Fifth outlet stores,
Nordstrom Rack stores, Holt
Renfrew's outlet stores, and
others. They'll be competing with
the new Target stores,
Marshall's, Winners, and all the
rest. Even Canadian Tire is
trying a new Express Outlet concept.
It's going to be a
changing landscape more than ever before
in Canada.
(Source
financialpost.com)
Hudson's Bay opens first outlet
store in Canada
The new 25,000 sq. ft. Hudson's Bay
Outlet will anchor the
new Premium Outlet mall. Hudson's
Bay, Canada's largest
national branded department store with
90 locations. HBC
also operates Home Outfitters, a
kitchen, bed and bath
superstore with 69 locations. With
approximately 29,000
associates in Canada and the U.S.,
Hudson's Bay Company.
(Source
prnewswire.com)
Hudson's Bay to open 6 full-line
Saks stores in Canada and
up to 25 Saks Off Fifth outlet
stores Analysts say the
increase in competition will result in
not only greater
selection for consumers, but also more
competitive prices.
The new store openings - “We’re going to
move as quickly as
we can,” Baker told analysts on a
conference call. Attention
shoppers: Get ready for a price war on
clothing, housewares
and other goods as Saks joins a growing
wave of U.S.
retailers heading north of the border.
(Source
ctvnews.ca)
Home decor retail heating up as well
with Zara opening home
decor stores called Zara Home in Canada
in August
For years Hudson's Bay's
division Home Outfitters had the
market pretty much to themselves until
Bed Bath & Beyond
started popping up a couple of years
ago. And with their
continued expansion north and now Zara
entering the market
with two of theirs, this field is
starting to get crowded.
(Source
marketingmag.ca)
Owner of Mall that roof collapsed
killing 2 on June 27th,
2012 may be charged criminally in
Ontario
A former manager of the ill-
fated Algo Centre Mall
accused its owner of being an unethical,
slave-driving
employer and sleazy landlord, a public
inquiry heard Friday.
Nazarian, 68, of Richmond Hill, Ont.,
played fast and loose
with safety rules, she said. A
structural engineering report
from May 1999 done for Retirement Living
that noted
"corrosion of steel beams" was
never given to Nazarian, he
said, nor was the recommended remedial
work done. In earlier
testimony, Nazarian made the startling
admission he did have
money to fix the roof, but opted to buy
another property
because the mall was a financial
"black hole" that was
"doomed" from the outset. The
public inquiry continues.
(Source
ctvnews.ca)
Companies are racing to buy hacking
insurance - data
breaches are concerning everyone - the
fastest growing area
of commercial insurance in the world
right now!
When Brian Rosebaum started pitching
cyber insurance to
companies in 2006, he was met with blank
stares from risk
managers and resistance from information
technology experts,
who insisted their networks were
impenetrable. All of that
has changed in the past year and a half
said Rosebaum, who
heads the cyber insurance division of
Aon Corp.'s Canadian
brokerage arm. Insurance brokers say the
frequency of
high-profile data breaches is causing a
surge in demand for
insurance products that protect against
losses stemming from
cyber attacks. "This is the fastest
growing area of
commercial insurance in the world right
now," said Michael
Peterson, a managing director at Marsh
Canada Limited.
(Source
ctvnews.ca)
Nearly 70% of Canadian businesses hit by
cyber attacks, says
year-long survey
Over a one-year period, 69 per cent of
Canadian businesses
said they experienced some type of cyber
attack, ranging
from malware and computer viruses to
phishing and "social
engineering" attacks, a new survey
has found. Of businesses
that said they were affected by cyber
crime, the average
financial loss was approximately
$14,844, for a total of
$5,328,916 in average losses across all
the businesses.
"Total cost due to cyber crime
attacks increases with
revenues: on average, an incident costs
large organizations
$1,181, compared to $991 in medium, and
$741 in small ones,"
the report stated. To deal with those
threats, 44 per cent
of the businesses surveyed said they
contacted an external
agency for help -- typically a private
agency as opposed to
a government agency.
(Source
ctvnews.ca)
Retail Fast Facts
Highlights:
Total monthly retail sales
changed by 4.3 per cent over the
comparable month last year.
Total sales excluding food, automotive
and gasoline changed
by 4.1 per cent over the comparable
month last year.
(Source
retailcouncil.org) |
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