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New Cargo Theft Program - Insurance Bureau of Canada joins forces with Canadian
Trucking Alliance, police forces to announce details - Tuesday, March 18
Insurance Bureau of Canada (IBC) is joining forces with the Canadian Trucking
Alliance (CTA) and Peel Regional Police to announce details about the launch of
a national program to combat the huge and growing problem of cargo theft (i.e.,
stealing trucks or trailers full of merchandise). The increase of cargo theft
across the country has become a significant issue in transportation hubs such as
southern Ontario, Montreal and Vancouver. A 2011 study commissioned by the CTA
pegged the cost of cargo crime at $5 billion per year and linked cargo theft to
organized crime, which uses the proceeds of cargo theft to fund their other
illegal activities. In 2011, IBC's Investigative Services began a pilot
reporting project with member insurers and the CTA to collect, analyze and share
cargo loss information with law enforcement agencies primarily in Ontario and
Quebec. The project was an important first step in gathering consistent
information on these crimes and led to several significant recoveries of stolen
trailers and consumer goods. Building upon this success, IBC will provide
details about the national expansion of the Cargo Reporting Program and how it
will further help to recover stolen goods and bring cargo theft criminals to
justice. (Source
digitaljournal.com)
In the wake of Safeway purchase, Sobeys' moves to cut $200M in costs and 50 jobs
Sobeys is looking to cut costs by eliminating jobs, a distribution centre and a
factory as it starts to digest the massive acquisition of Canada Safeway. The
news came Thursday after Sobeys parent company, Empire, released third-quarter
results that saw a sharp decline in profits and amid controversy over a
pre-Christmas letter sent to vendors demanding a retroactive one per cent
rollback in the prices that Sobeys pays to them. Some 50 jobs will also be
eliminated across two Sobeys offices, in Calgary and near Ottawa, as part of
ongoing efforts to centralize back-end services such as accounting and data
management. Poulin told analysts that he is confident of finding $200 million in
cost savings over the next three years through the acquisition of Canada
Safeway. Sobeys took ownership of Safeway last fall. It has since started to
integrate parts of the two organizations. Sobeys’ SAP functionality, for
instance, is being adopted in Safeway’s IT systems. (Source
canadiangrocer.com)
Sobey's 3rd quarter negative performance attributed to "shrink" associated
mainly with Sobeys' fresh retail inventory Gross margin in Q3 at
Sobeys grew 158 basis points to 24.51 per cent compared to 22.93 per cent in the
year-ago quarter. The increase was largely due to the Safeway takeover.
Excluding Safeway, gross margin would have fallen 40 basis points to 22.53. The
decline was attributed to an increase in shrink associated mainly with Sobeys’
fresh retail inventory, plus new commercial programs that are part of the
retailer’s “Eat Better, Feel Better, Do Better” strategy, a weaker Canadian
dollar, and the highly promotional environment of the Canadian grocery industry
at the moment. Poulin explained that it’s common when launching new fresh
programs to experience higher shrink at first. (Source
canadiangrocer.com)
Half of America's TOP-10 Malls - in Canada with two Vancouver malls selling more
per square foot than almost any other in North America Pacific Centre
ranks No. 4, Oakridge is No. 8 Pacific Centre and Oakridge malls both made the
top-10 list of “most-productive” shopping malls in North America, meaning they
have among the highest sales per square foot on the continent. The 2013 list,
compiled by Retail Insider, pegged Pacific Centre at No. 4, at $1,335 sales per
square foot. Oakridge was No. 8, at $1,132 per square foot. The top spot was
held by Bal Harbour Shops, a privately owned luxury mall near Miami at a
whopping $2,793 US in sales per square foot. Half the spots on the list are
taken by Canadian malls, including two in Toronto and one in Calgary.
(Source
theprovince.com)
Nova Scotia man charged with credit card fraud
Moncton, New Brunswick Teen suspect in $15K diamond ring theft turns herself in
Vehicle
rips up inside of Winnipeg Easyhome furniture store
Armed Robbery suspect leads RCMP in a high speed chase across Man-Sask border
Retail Fast Facts: February 2014
Highlights:
Total monthly retail sales changed by 2.1% over the comparable month last year.
Total sales excluding food, automotive and gasoline changed by 0.3% over the
comparable month last year. Read more (Source
retailcouncil.org)
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