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Canadian Push 8-1-14
 


 

Chapters Indigo - Canada's Version of U.S. Barnes & Noble - Transforming It's Stores To Stay Alive - Lifestyle Products  From 40 Indigo iStores with Apple products to electronics and even now high-quality dolls from American Girl. This retailer is doing everything they can to stay alive and transform in an industry that has to counter retailers selling books online below cost. The company will also offer a wide assortment of headphones, earbuds, speakers and other electronics for sale. With 96 superstores and 131 small format stores their most recent 3Q results show same store sales up 2.6% with revenue up 3%. However for year to date revenue was down 1.7% with superstore same store sales down 1.5% and 10.7% for their small format stores. (Source sinsblog.com)

Birks Group jewelers plans operational restructuring to reduce corporate overhead - Closing U.S. regional office?  Birks expects to consolidate most of its corporate administrative workforce from its regional office in Tamarac, Florida to its Montreal corporate head office. This move will incur restructuring costs over the next 12 months of between $2 million and $4 million, primarily consisting of employee severance, professional fees and possible costs related to terminating certain leases. (Source diamonds.net)

Target losses hit $1.64B since entering Canadian development phase in 2011 - The new CEO named today "will likely have to exit the Canadian business for the benefit of the shareholders"  Plagued by execution missteps from inception, such as improperly laid out store interiors, overpriced housewares, and a broken supply chain that led to persistent out of stocks in food, Target Canada has been a dreadful experience for the Minneapolis-based retailer. In fact, my firm Belus Capital Advisors rates Target shares a sell on the premise the stock market continues to underappreciate the financial risks of the company's Canadian segment. (Source thestreet.com)

Target price matching campaign in Canada - Jump Starting the business

Ikea illegally negotiated with workers, must pay damages to union, says Labour Relations Board

RCMP report - Bitcoin is fresh method to launder proceeds from crime

Ingenico to deploy Canada's first EMV and contactless mPOS product

Senior citizen arrested, facing charges after bomb threats in Porter’s Lake

Ottawa man, 25, charged in five retail robberies

Burin Peninsula RCMP Search for Marine Store Robbers

Surrey Mounties jolt man with Taser; man barricaded himself in a flower cooler of an area grocery store
 

Canadian Push 8-1-14
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