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Canadian Push 3-14-14


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

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

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

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

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

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

Canadian Push 3-14-14
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