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    Recent Articles

    Target announces Starbucks as coffee retailer for Canadian stores (Starbucks Newsroom)

    Loblaws launching loyalty program to coincide with Target entry (Globe and Mail)

    Zellers reviews options for outlets ‘left behind’ (Globe and Mail)

    Canadian malls are the Target of expansion(Montreal Gazette)

    Sobeys and Target: a winning combination (Financial Post)

    Target’s rejected sites in high demand by rival retailers (Globe & Mail)

    Walmart, Canadian Tire in Target's crosshairs (Financial Post)

    What we can expect: Tony Fisher talks about Target Canada (Financial Post)

    Target’s Canadian foray hits cost hurdle (Globe & Mail)

    Announcement of which Zellers are to convert coming by end of May? CTV

    "Death of Canadian retail greatly exaggerated" Rona CEO (Financial Post

    Impact on Canadian Tire (Financial Post)

    Canadian Retail Industry Viewpoints (Profit Magazine)

     

     

     

     

     

    BIG DATA - RELEVANT RESULTS

    In the retail & shopping centre domain our breadth of experience is among the best in Canada. We have worked on landmark projects around the world using Big Data. We integrate our results with your internal processes to allow for ongoing analytics by you and your team.

    • We offer unmatched recent exposure to industry best practices which we can bring to your organization.
    • We use advanced yet intuitive analytics as the foundation for a meaningful analysis that bridges between market analysis and financials.

    We would be pleased to discuss your business needs and how we can contribute.
    Contact us
    and we will provide free assessment to your organization.

      

    Wednesday
    Nov262014

    Hudson’s Bay Company takes out $1.25-billion mortgage on Saks Fifth Avenue’s flagship store in New York

    TORONTO – Savvy real estate investor Richard Baker dipped into another prized Hudson’s Bay Co. property Monday to improve the retailer’s capital structure.

    But his US$1.25-billion refinancing of its flagship Saks Fifth Avenue store in New York is just one a step of a more ambitious plan to unlock the value of the company’s real estate assets in the spring.

    “By the end of [the current fourth quarter], we will publicly announce a structure for the value of our real estate,” the retailer’s chief executive said in an interview. “We think we have two obligations. One is to share with our shareholders what it is that we own — give them as much insight and as much disclosure as we can, and then let them decide whether that means anything.”

    Investors warmed to the news, sending HBC’s shares in Toronto up $1.62 or 8% to $21.82 on Monday.

    To view full article, click here. 

    Wednesday
    Nov192014

    Target Posts Third-Quarter Gains: Is The Cheap-Chic Discounter Getting Its Groove Back?

    Target TGT +6.61% posted third-quarter  gains that beat analysts’ expectations, driven by a solid performance from its U.S. business that it hopes will carry over into the make-or-break, fourth quarter holiday selling season.

    The retailer’s troubled Canadian business also showed signs of improvement, the company said.

    The quarterly rebound follows a rough patch for the cheap-chic discounter, which has been reeling from a brand-damaging security breach that led to the May resignation of CEO Gregg Steinhafel, a botched expansion into Canada as well as lackluster merchandising in its U.S. stores.

    For the quarter ended November 1, Target’s sales rose 1.9% to $17.3 billion, reflecting a 1.2% gain in comparable sales combined with sales from new stores.

    Net income rose to $352 million from $341 million in the year-ago quarter.

    “We’re encouraged by the improving trend we’ve seen in our U.S. business throughout the year, and our fourth quarter plans are designed to sustain this momentum,” said Brian Cornell, chairman and CEO of Target, who replaced Steinhafel in July.

    To view full article, click here.

    Tuesday
    Nov182014

    Sears Canada Reports Third Quarter Results

    TORONTONov. 18, 2014 /CNW/ - Sears Canada Inc. (TSX: SCC; NASDAQ: SRSC) today announced its unaudited third quarter results.  Total revenues for the 13-week period ended November 1, 2014 were $834.5 million compared to $982.3 million for the 13-week period ended November 2, 2013.  Same store sales decreased by 9.5%.  The balance of the decrease in revenues was primarily attributable to revenues from stores closed as a result of early termination and amendment of certain full-line store leases and the sale of certain joint arrangement interests in Fiscal 2013.

    The net loss for the third quarter of 2014 was $118.7 million or $1.16 per share compared to a net loss of $48.8 million or 48 cents per share for the third quarter of last year.  Included in the net loss for the third quarter of this year were pre-tax impairment charges of $44.4 million, compared to pre-tax impairment charges of $22.6 million for the third quarter of last year.  Also included in the net loss for the third quarter of this year was an income tax expense of$43.7 million compared to an income tax recovery of $16.7 million for the same quarter of last year.  The third quarter of 2014 also included pre-tax transformation expenses of $4.0 million compared to $20.2 million for the same quarter of last year as well as a pre-tax gain of $14.6 million related to the sale of the Company's interest in certain joint arrangements with no comparable gain in the same quarter last year.  Adjusted EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortization) for the third quarter of this year was a loss of $19.4 million compared to adjusted EBITDA of $7.3 million for the third quarter of last year.

    To view full article, click here.

    Wednesday
    Nov122014

    Rona plans new stores next year as profit surges 30% on same-store sales boost

    Two years after Rona Inc. spurned a takeover bid from U.S. rival Lowe’s Cos. and later had to close a number of poorly performing big-box stores, the home improvement chain is wearing a gleaming coat of paint.

    The Boucherville, Que-based chain is back in growth mode after reporting a 30% jump in net profit and its first increase in same-store sales, a key retail metric, in four years.

    “Given the positive trend in sales and profitability, and Rona’s solid financial situation, we are in a position to start expanding again,” said chief executive Robert Sawyer. “Rona’s expansion will be disciplined and will take place in environments where we must protect and reinforce our market share, or where the investment is justified by a strong growth potential and a good return on invested capital.” Rona will open five new stores next year, including two stores under the new Reno-Depot concept outside Quebec, he said, without specifying the locations.

    To view full article, click here.