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Canadian Push 2-6-15

Tyco's Long named one of Canada's Most Powerful Women
The Women's Executive Network (WXM) has recognized Tracy Long, president of Tyco Integrated Fire & Security, Canada, as one of its 2014 Canada's Most Powerful Women: Top 100 Award Winner. Long, who joined Tyco in 2009, was named to her current position in 2013. She led the integration that brought the Canadian operations of SimplexGrinnell and Tyco Integrated Security together into one combined business, according to a prepared statement. Under Long's leadership and while completing the business integration, Tyco Integrated Fire & Security delivered nearly 33 percent year-over-year growth in operating income in the last fiscal year, the company said in the statement. Long is chairperson of the Tyco Global Women's Growth Network, has appointed several female executives to her leadership team, and also provides coaching and mentoring to many female employees throughout Canada, the company said.

Target will eventually take a second crack at Canada - What an article! Is he serious? Canadians Won't Forget  It's not like Target can build more stores: The company has pretty much maxed out in the United States. In 2007, Target built 103 net new stores. Five years later, that number had dropped by 88. Now it's up to Cornell, the new CEO, to replace those lost potential sales and profit from Canada. He probably can't, which means that Target will need to readjust Wall Street's expectations of the business. the company has experimented with smaller formats like CityTarget and Target Express. The retailer has also expanded its grocery business, revamped its website and released a mobile app called Cartwheel. But none of those can fully replace the $38 million in average sales each Target store generated in 2012. And groceries and online goods carry lower profit margins. As it often does, Wall Street is giving Target some slack. Actually, a lot of it. Despite Canada, Target stock is up 38 percent from this time last year, to $75 per share. But Wall Street won't ease up on Target for long, and it will force Cornell to show growth. That's when Target will make a second attempt at Canada. And maybe this time, the retailer will get it right.

Target Canada's liquidation draws crowds, but also bargain hungry critics  The liquidation of Target Canada's merchandise is attracting larger-than-usual crowds, with shoppers anticipating bargains on the first day of the super sale. Many, however, say great deals were few and far between. In Toronto, about a dozen people were lined up in the frigid cold outside the East York Target location around 7:30 a.m. ET before the store opened. Several more sat in their vehicles watching the crowd slowly grow. There were similar scenes at other locations across Canada. Target said late Wednesday that customers could expect discounts of up to 30 per cent as the company offloads millions of dollars worth of merchandise to pay back creditors. But as with most liquidations, the discounts could get even deeper as time goes by and the company looks to clear out product and raise cash to pay back its debts.

Movie rental company Redbox shutting down 1,400 rental kiosks Canadian operation - another one bites the online dust

Parasuco Retail, Inc to Close all 7 stores; Another Canadian based company has announced they will be closing up shop

3-Million Square Foot Mega-Mall Planned for Montreal

Nordstrom to open 2nd location in Ottawa next month at Rideau Centre

Police search underway after armed robbery at Scarborough Metro 

RCMP search for suspect in armed robbery in Osler, Saskatoon, CN

GPS leads police to truckload of beef, salsa stolen in Brampton, Ont., in one hour, on it's way to Costco

Retail Fast Facts: January 2015 

● Total monthly retail sales changed by 2.4 per cent over the comparable month last year. 
● Total sales excluding food, automotive and gasoline changed by 3.4 per cent over the comparable month last year.

Canadian Push 2-6-15
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