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    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)

    « Costco Q3 Results | Main | Costco's Unorthodox Strategy To Survive »
    Tuesday
    Jun042013

    Updates from Retail Council of Canada Conference Regarding Costco

    • Costco's strategy is to haggle for the lowest price with suppliers and after 1 day if product doesn't sell, ditch it: Candian Costco boss Louise Wendling
    • Average income of Costco customer is $93,800 vs $68,400 in US overall
    • Costco co-founder Jim Sinegal says its average hourly wage in Canada and US is $21.96, with 11% annual turnover, 5.7% after year one
    • Costco co-founder Jim Sinegal says it sold Calvin Klein jeans for $29.99 vs $$49.99 elsewhere, then lowered to $22.99/ hot seller

    Source: Marina Strauss of Globe and Mail

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