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Canadian December retail sales post
biggest drop in two years - not a good time for a major
roll-out
Sales fell 2.1 percent to C$38.6 billion
($37.9 billion), bringing the value of retailer receipts
to the lowest since September 2011. Seven of 11 retail
categories recorded declines, representing 58% of the
total retail trade. Electronics and appliance store
retailers reported a 12.1% drop in sales. Department
stores, sporting goods retailers and home furnishing
outlets also posted declines. For all of 2012, retail
sales were up 2.5 percent from 2011, the slowest since
the 2009 recession. Not good news for a major roll-out
right around the corner. (Source
businessweek.com)
All Out Retail war predicted when Target invades Canada
Target is still several weeks away from making its
much-anticipated splash in the Canadian market, but
after dipping its toe in last week, the ripples could
turn into a tidal wave. John Winter, a Toronto-based
retail analyst, said this shot across the bow will soon
lead to a full-scale battle. "I think it's going to be
WW2 when Target opens up in a few weeks. There will be
about 13 million square feet of Target suddenly opening
across Canada, and that's going to cause a great fight
between Target and Walmart, the Bay and Sears. It's
going to be all-out war," he said.
(Source
winnipegfreepress.com)
Canada loses 3 senior
Loss Prevention positions
With one job elimination at Shoppers and two U.S. firms
actually buying two Canadian retailers, who located the
function in the U.S., Canada in effect lost three senior
LP roles. However with the Target roll-out, LP jobs have
seen some great growth over the last six months all in
all.
Two ORC gangs reported
this week in Canada - maybe Canada's journalists will
start reporting on it now
We normally don't hear much about ORC in Canada
although it obviously exists. In conversations with a
few Canadian senior LP leaders most think it's merely
not covered by the journalism community and still
referred to as shoplifting gangs which doesn't draw a
lot of attention and isn't fancy enough for them to
write about. However with these two this week, and the
massive store expansion they're experiencing, we predict
we'll be hearing more and more about it in the future.
Rona Job Cuts: 200 to be laid off as company mulls
closing stores
CEO turnover, fighting off Lowe's, underperforming
sales, and just waiting for the Target onslaught, Rona
is taking action. The downsizing, which represents 15
per cent of its administrative positions, is part of the
company's plan to focus on its core businesses and
reduce other holdings. Although Lowe's has said it wants
to expand its presence in Canada, Dley said he's not
sure the U.S. company will want to buy Rona's
underperforming stores. (Source
huffingtonpost.ca)
Don’t refuse our pennies, Canadians tell retailers
Nearly three-quarters of Canadians want retailers to
keep accepting the coin even though it’s being phased
out, says a new survey. Eliminating the penny will be
done in a “customer friendly way” and the coins will go
out of circulation as businesses take them to the bank.
(Source
theglobeandmail.com)
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