The #1 Digital News Source for Retail Loss Prevention,
IT Security & Safety Executives throughout North America

FREE Daily
eNews Special
Reports Spotlight on
Leadership ORC
News Canadian
Push Vendor
Spotlights LP
Newswire Group LP
Canadian Push 7-18-14


Target Corp. should cut its losses and exit Canada — soon, says Credit Suisse
Target Corp. needs to make a decision about whether it wants to continue operating in Canada soon. Once a permanent CEO takes the helm, they will need to rapidly decide whether an attempt to turn around Canada is worth diverting time and capital away from the U.S. business,” analyst Michael Exstein told clients. We think it may be more prudent for Target to cut its losses and devote 100% of its resources on the U.S. — which comprises over 97% of the company’s current sales.” By the end of fiscal 2014, Mr. Exstein noted Target will likely have spent about US$6-billion in capex and after-tax losses in Canada. But more spending may be coming if the company wants to turn things around, as the analyst thinks it will be a major effort that takes at least several years to accomplish. (Source

Canadian Women's clothing retailers face tough year, more bankruptcies: analysts  Canadian women's clothing retailers are bracing for a difficult year as the entry of more international brands into the marketplace raises the possibility that once steadfast domestic fashion companies could be headed for financial trouble. A weak spring has forced retailers to scramble in a losing effort to salvage the year by selling off inventory at deep discounts. "They're basically panicking because they're coming into the summer season with excess what they've engaged in is cut-throat price competition in hopes of trying to clear the merchandise out of their stores." Even some foreign retailers were hurt, though men's fashion retailers fared better. Harris predicted that at least three or four retailers up to the size of Jacob will close after the Christmas rush. (Source

Canada's retailers warned by developer - Watch out for mystery shopper / secret shopper scams  First Capital Realty has become aware that fake consumer research programs are being used to defraud unsuspecting victims. Under these scams, numerous consumers across Canada are receiving forged cheques and documentation and are being asked to pose as mystery shoppers at select retail locations. The forged cheques and documentation may in some cases be received after the recipient has applied or been contacted for employment as a mystery shopper. Victims of the scam are typically defrauded when they send funds to their "employer" as part of a mystery shopping assignment and, subsequently, the payment issued to the victim is denied when the forged cheque bounces after being deposited. (Source

IBC's cargo theft reporting program pays dividends: Database helps identify owners of $1.4M in recovered cargo  After a recent police raid, Insurance Bureau of Canada's (IBC's) cargo theft reporting program helped police to identify the owners of approximately $1.4 million in stolen property – the result of 15 separate cargo load thefts over the past several months. The IBC cargo theft reporting database – the heart of the reporting program – facilitated communication between insurance companies and law enforcement regarding the return of the goods. IBC recently expanded its cargo theft reporting program nationwide. The program, administered in conjunction with the Canadian Trucking Alliance and supported by law enforcement, is aimed at fighting the rapidly escalating crime that is costing Canadians up to $5 billion a year and is a significant problem in transportation hubs in southern Ontario, Vancouver and Montreal. (Source

Jacob - fashion chain seeks extension to avert closing down 92 stores
Marketing and communications director Cristelle Basmaji, daughter of founder Joey Basmaji, said the company is going to court Friday to seek an extension of creditor protection, which would give it more time to try to relaunch. Jacob announced on May 6 that it would close its 92 stores within several weeks, after liquidating inventory. Now, more than two months later, most stores remain open as Continental Capital Investments stepped in with a “debtor-in-possession” loan at the time of the initial filing. The deal gave the company an $8-million line of credit at an annual interest rate of 15 per cent. The chain, founded in 1977, previously sought creditor protection at the end of 2010, closing 50 stores, collapsing banners and restructuring. (Source

Ontario Workers Win New Protections as Wage Theft and Minimum Wage Bills Re-introduced  The Ontario government has responded to the growing crisis of low-wage precarious work and demands of workers to step up protection by introducing new legislation today. The Liberals have re-tabled their bill to index the minimum wage to inflation and have re-introduced legislation that brings some protections against wage theft. Under the proposed wage theft legislation both temp agencies and client companies would be liable for unpaid wages and overtime and it would be harder for companies to contract out unsafe work to temp agencies. In addition, workers will have up to two years to file employment standards claims, with no monetary limit. (Source

Police Recover $1.4M in Stolen Cargo; 15 separate thefts over last several months  Police officers raided multiple warehouses in Vaughan and Toronto and recovered $1.4 million in stolen goods – the result of 15 separate cargo load thefts over the past several months. "As a result of the warrants, 15 loads of cargo were recovered which contained merchandise including baby products, barbecues, household appliances, cleaning supplies, tools, musical instruments, forklifts, vehicle antifreeze and a baby grand piano,” York Regional Police said in a statement. Most of the stolen cargo was returned to its rightful owners with the help of Insurance Board of Canada’s cargo theft reporting database. (Source

$40K of bikes stolen from Cadence Cycle in Whitehorse

RCMP investigating drug theft during break and enter at Brookfield Pharmasave

Lululemon ranked most profitable apparel company in North America

Canadian Push 7-18-14
Powered by Design By J, LLC
ASP.NET Shopping Cart Software