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Canada now has two
senior vice presidents in the
asset protection/loss prevention industry
 Hudson's
Bay Corp. adds new Senior Vice President of Loss Prevention position
this week Industry veteran Rosamaria
Sostilio was named Senior Vice President of Asset Protection for the
Hudson’s Bay Company (HBC) earlier this week. With only one other
senior VP of LP & Risk Management position in Canada at Loblaw
Companies Ltd., Dean Henrico, Rosamaria joins a very small select group
of two in the country. With only about a dozen of these positions in
North America as a whole, it is a strong development for our
industry. It not only speaks volumes about Rosamaria Sostilio's
achievements, but also to the support she's garnered at the "C"
level.
In her new role, Rosamaria will lead all asset protection and risk
mitigation initiatives across all banners, including Saks Fifth
Avenue, Lord and Taylor, Hudson Bay and Home Outfitters. With
responsibilities over all of HBC's operating divisions, this will
ensure that Asset Protection is well represented and has the
opportunity to make a significant impact on the future growth and
profitability of the organization. Prior to this appointment
Rosamaria was the Senior Vice President of Asset Protection for Saks
Fifth Ave. She also serves as the Chairperson of the NRF Loss
Prevention Advisory Board. Congratulations once again, Rosamaria!
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Black Friday retail events generate consumer buzz
Regional shopping malls and big-box retailers are bracing to receive
shoppers from all over Atlantic Canada on Black Friday in what has become
arguably the busiest retail day of the year. “Black Friday has become as big a
deal for consumers and retailers in Nova Scotia as it is in the United States,”
Rebecca Logan, marketing director at Mic Mac Mall, said Wednesday.
(Source
thechronicleherald.ca)
Canadian retailers expecting a slow holiday
Canadian holiday retail sales are expected to grow 3.5 percent over last year,
supported primarily by online commerce, Ernst & Young Canada says. Retail
sales
were inconsistent this year. Still, the most recent sales results, bolstered by
stronger consumer confidence and the promise of stable interest rates, are
generating some cautious optimism in the short term," said Daniel Baer, EY
partner and national retail and consumer products industry leader. "That
said,
retailers are grappling not only with modest sales growth, but increasing
competition and an unprecedented pace and intensity of tech-driven change.
Consumers are expecting more, especially during the busiest shopping season of
the year — the way a retailer responds will have a big impact on its overall
results." (Source
retailcustomerexperience.com)
 Microsoft
opens shiny new store in Metrotown - its third retail outlet in
Canada
Microsoft unveiled its new Metrotown store Thursday, the
tech giant’s
third in Canada, and it is joining the competition, Apple and Samsung — which
already have stores in Metrotown — in a growing trend by computer and mobile
device manufacturers to sell directly to their consumers. There are giant video
screens and row upon row of the latest, shiniest high-tech devices lined up in a
colorful parade, with dozens of stools lined up under every counter, where
customers can take their most vexing tech problems. Welcome to the new world of
consumer electronics retailing, where consumers are not only invited to touch
and feel and try before they buy, they are encouraged to sit right down and make
themselves at home. (Source
vancouversun.com)
Canadian banks vie for mobile wallet dominance - Rogers joins the 'Wallet
Wars'
The mobile wallet wars are ramping up, just in time for the holiday
shopping
season.
Rogers Communications Inc. is elbowing its way into the burgeoning market with
plans to unveil its own mobile wallet, the next evolution of a strategy that
kicked off last year, when it agreed to work with Canadian Imperial Bank of
Commerce on its mobile payments product. With this product,
Rogers is taking a small step into financial services, putting it in competition
with the banks, which are launching apps of their own.
The announcement comes one day after Toronto-Dominion Bank teamed up with PC
Financial to launch its own mobile wallet, following similar offerings from
Royal Bank of Canada and Bank of Montreal. Credit card companies are also
looking for partners as they develop mobile payment platforms in their growing
innovation hubs. MasterCard teamed up with Rogers for its new product.
(Source
theglobeandmail.com)
 Bank of Canada
unveils new-look $5 and $10 bills Thursday
You've seen the new $100 notes, the $50 and even the $20. Now
it's time for the
rest of them. Thursday, the Bank of Canada will release the latest and last in
its series of new, polymer bank notes — the $5 and $10 bills.
A ceremony was held at the Canadian Space Agency in Saint-Hubert, Quebec to
officially issue the new $5 note. Its illustration, meant to symbolize
Canada's
continuing contribution to the International Space Station program through
robotics innovation, features the Canadarm2 and Dextre on the back of the
bill.
(Source
thespec.com)
Sobeys completes $5.8-billion purchase of grocery chain Canada
Safeway
Canadian Tire Profits Climb 11% in third quarter following stronger
earnings
Q&A: New Aritzia CMO looks for U.S. growth
After working on the launch of Aritzia‘s e-commerce site nearly a
year
ago, digital fashion expert Oliver Walsh has joined the Canadian clothing
boutique as its first chief marketing officer. The British expat spent the last
four years at the helm of his own full-service creative agency called Wednesday,
which counts Calvin Klein, Tory Burch, H&M, Armani, Gucci and Chanel among
its
clients. Read his Q&A with Marketing Magazine
here to see how he plans to build the retailer’s profile in the U.S. and
when it’s okay to add digital to the in-store experience.
(Source
marketingmag.ca)
16 Arrested in Canada for Credit Card Fraud
Europol recently announced that a major international network of card
fraudsters was dismantled by Canadian, French and German police with the support
of Europol's European Cybercrime Center (EC3). As part of Operation
Spyglass, on
October 29, 2013, the Economic Crimes Unit of the Surete du Quebec arrested 16
people, including the head of the network. Thirteen others were arrested in
March 2013 in France and Germany. According to Europol, the group stole card
data from at least 30,000 debit cards by tampering with POS terminals and making
counterfeit cards with the stolen data, resulting in a potential loss of $12
million (9 million Euros) outside Canada. The average illegal withdrawal was
approximately $400 per counterfeit card. (Source
esecurityplanet.com)
 Halifax Police investigating ORC ring;
over $5,000 in merchandise shoplifted
from 3 HRM stores Halifax police are searching for a
trio of suspects who
shoplifted more than $5,000 worth of Apple TVs and high-end thermostats last
month from three electronics stores. On Oct. 10 two Future Shops — one on
Damascus Road in Bedford, the other on Gale Terrace in Dartmouth — were hit by
two men and one woman working together. The next afternoon the same three are
suspected of stealing from the Best Buy in Bayers Lake. Police said the suspects
worked with each other inside the stores using wireless communication. In each
case they took Apple TVs and Nest Thermostats, leaving the store without paying
for the merchandise. (Source
cbc.ca)
 Airdrie,
Calgary grocery clerk kidnapped during robbery An
Airdrie grocery
store clerk escaped harm after she was kidnapped by two men who broke into the
business and stole money Wednesday night, say RCMP. Officers went to the No
Frills Grocery Store after 10 p.m. to investigate reports of a kidnapping,
robbery, break-and-enter, and theft over $5,000. RCMP said between 9:30 p.m. and
10:09 p.m., an employee was leaving the store and getting into her own vehicle
when she was grabbed by two men she didn’t know. The men then forced her into
her vehicle and drove her to a secluded location where, for half an hour, they
threatened her. The victim never saw the men produce a weapon and was not harmed
during the ordeal. (Source
calgaryherald.com)
Retail Fast Facts:
October 2013
Highlights:
•
Total monthly retail sales changed by 3.5 percent over the comparable month
last year.
• Total sales excluding food, automotive and
gasoline changed by 3.9 percent over
the comparable month last year. (Source
retailcouncil.org)
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