New Ikea Canada boss aims for a revamp as competition heats up |
The new boss of IKEA Canada had a blunt message for his store managers this
week: The retail competitive landscape is getting tougher and the Swedish home
goods purveyor needs to get better. "You can read about Target, which has tough
times," he said in the interview. "You read about Sears, which is having a tough
time. You can listen to reports about Staples, which is closing stores." IKEA
feels the pressure to keep customers coming back to its stores because so much
of its revenue depends on shoppers making last-minute, unplanned "impulse"
purchases when they browse the aisles.
Widespread layoffs & other cost cutting measures could hit Tim Hortons after
Burger King takeover The report suggests 3G Capital's debt financing
could force Tim Hortons to layoff more than 700 employees - or 44% of staff
working outside its restaurants - as its tries to manage the debt of the merged
company. While Burger King's parent company promised to keep the headquarters of
Tim Hortons in Oakville, Ont., there have been "grossly inadequate" workforce
commitments that have left no guarantees when it comes to overall employment
levels or potential mass layoffs, the report said. financialpost.com
Canadian's outspend American on Halloween
In the past three years, the Halloween holiday has just gone viral in Canada -
we have just seen it shoot up. Canadians have become so wild about Halloween we
now spend more per capita on costumes, candy and décor than our U.S.
counterparts do, with holiday-related spending that is second only to Christmas.
A recent survey from digital couponing site RetailMeNot.com found that 68% of
Canadians now celebrate Halloween, and that one in three adults planned to
attend a Halloween party this year that involves alcohol. As a business, it has
more than doubled in size in less than a decade.
Premium Outlets Montreal Opens - Only the 2nd one in the country
Toronto Premium Outlets has been such a success, according to Silvestri, that a
second phase is already in the works. The single-level village-style property
features 84 stores spanning 366,400 square feet.
Three girls arrested for stealing $13K of clothes in Winnipeg
Beginning in late August, police became aware of seven incidents during which
two or more individuals entered clothing stores and stole merchandise. On Aug.
27, they hit the 1400-block of Portage Avenue. A store in the 500-block of
Sterling Lyon Parkway was robbed twice on Oct. 7. Later in October suspects
robbed stores in the 1700-block of Corydon Avenue, 800-block of St. James
Avenue, 1400-block of Portage Avenue, and 2000-block of Corydon Avenue. The
total value of stolen property has been estimated at $13,850. Police linked two
of the suspects to an Oct. 10 incident in which a cab driver was not paid, and
one of the suspects produced a weapon and threatened the driver. On Oct. 28,
suspects entered a clothing store in the 1700-block of Corydon Avenue and stole
$1,300 worth of items. While attempting to leave, store staff confronted them.
One of the suspects pulled out a weapon and threatened the employee, at which
time they were able to flee. But investigators were able to identify all three
suspects and on Wednesday, they were located and arrested without incident.
Daytime robberies in Saskatoon leave pharmacists on edge
According to cases made public by police, the number of armed robberies
involving pharmacies have doubled this year. In addition to a case where a large
quantity of powerful narcotics was stolen from Saskatoon City Hospital this
month, police have made public seven thefts from pharmacies this year. By
contrast, there were three robberies made public by police in 2013 and 2012.
Part of the spike could be related to rise in popularity and value of
prescription narcotics like hydromorphone, methadone or oxycodone. The drugs are
sold on the street and enter the city's illegal drug trade, according to police.
Whitehorse RCMP ask for help identifying break-in suspect
Whitehorse RCMP are looking for a suspect who stole more than $7,500 worth of
merchandise from Northern Industrial Sales. The merchandise stolen from the
business on the 4200 block of Fourth Ave. included tools and heavy duty work
clothing such as Duck work pants and quilt lined overalls. Police say an
employee arriving at work Wednesday morning discovered the break-in and theft.
Investigators from the Yukon RCMP's forensic identification unit are among the
officers involved in the investigation.
saxophones stolen from Saskatoon music store; Suspects caught on camera A
sour note for a pair of music stores after thieves made off with thousands of
dollars worth of high-end instruments. Manager Barry Morozoff of Long &
McQuade's 43rd Street location said it happened on Oct. 24. Thieves stole a pair
of Selmer brand saxophones off the store wall. The instruments are valued well
over $5,000 apiece and are meant for professional players. Morozoff said one
thing was clear after he reviewed security footage of the incident, which shows
three suspects coordinating to distract store staff and then remove the
Saskatoon police are looking for three suspects after an armed robbery
Saskatoon police are looking for three men after an early morning armed robbery
at an off-sale liquor store in the 2400 block of 8th Street East. Police were
called to the store around 2:00 a.m. CST. Police said that when the three men
walked into the store, two of them had their faces covered with bandanas, and
one had a handgun. Police said all were Caucasian and appeared to be about
20-years-old. While in the store, the suspects demanded cash, then grabbed some
alcohol on their way out the door as they fled from the scene on foot.
Retail Fast Facts: October 2014
• Total monthly retail sales changed by 2.5 per cent over the comparable month
• Total sales excluding food, automotive and gasoline changed by 3.1 per cent
over the comparable month last year. Read