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Shop Today: 35th Annual LLHA Show
NEW DATE: September 28-30, 2015, moved to take advantage of in-season goods for immediate sale.
NEW LOCATION: Mississauga Convention Centre, moved to a beautifully finished hall, fully carpeted, lower ceilings for better lighting.
NEW FORMAT: A simplified format for easier shopping and browsing.
NEW CASH & CARRY: Instant access to hot deals on the spot.
E-commerce explosion coming for 2014 holiday shopping in Canada
Canadians of all ages will set new records shopping online this holiday season, according to a number of industry insiders.
Canadians are coming a bit late to the e-commerce party. In Britain close to 15 per cent of overall retail sale are made online. In the U.S. it's nine per cent, according to Forrester Research. Canada is at six per cent. But Canadians are taking their dollars to the keyboard and closing the gap. Within five years, the U.S. is forecast to be at 11 per cent; Canada at 10 per cent, Forrester Research said.
Christmas decorations are up and Canadian shoppers are poised for Black Friday deals
Canadian retailers are preparing for the Christmas shopping season, as consumers get ready to hit the stores early in hopes of better deals before the holidays.
Decorations are already going up and people are posting photos of their Christmas trees online as they prepare for the upcoming winter holidays. And with the winter season comes the commercialization of holidays, which has resulted in an onslaught of advertising aimed at shoppers.
Michael Kors shares sink as comparable store sales disappoint
Michael Kors has been the king of luxury retail of late, posting quarter after quarter of dazzling growth as other high-end vendors (like Coach) have faltered. And while the shiny surface of the company's second quarter earnings results would indicate that Kors' reign at the top of the luxury pile is still secure, a deeper dive into the report reveals comparable store sales growth that was smaller than what analysts expected.
Sears moving into REIT-ail, stock soars
Sears says it's actively exploring the idea of turning 200 - 300 of its stores into a Real Estate Investment Trust or REIT. As is the case with everything Sears does lately, the goal would be raising liquidity for the dwindling asset that is Sears' core retail business. Does this make any sense? It depends on what you mean by "sense." A REIT linked to just the leases on existing Sears and Kmart stores seems pretty unappealing on the surface.
Calaway Park outlet mall project near Springbank falls through
An massive outlet mall planned for the property next to Calaway Park just west of Calgary is not going ahead. The announcement was made in the third quarter results for RioCan Real Estate.
Plans were revealed last year for a shopping centre that included 80 stores in nine buildings. The project was touted as a high-end collection of retailers in an outdoor setting with linked walkways and porticos.
Black Friday on track to be busiest in 8 years
Research by management consultancy Accenture indicates the annual post-Thanksgiving discount bonanza will at its busiest in eight years, since well before the recession hit.
A whopping 66 per cent of consumers surveyed for Accenture's yearly holiday shopping study said they planned to head out into the fray on Black Friday, compared with 55 per cent last year and 52 per cent in 2012.
Air Canada begins charging some travellers for checked baggage
Just days after a similar change in policy by WestJet, economy fare passengers travelling on Air Canada Tango flights within Canada or to the Caribbean or Mexico will have to pay extra for checked luggage.
The first two bags will cost $25 each while those on flex fares will be able to check one bag free of charge but will pay $25 for a second bag.
Retailers use smartphone technology to upgrade shopping
The nation's retail industry is in the process of making itself over to better cozy up to smartphones and other digital devices that have turned humans into perpetual shopping machines in need of an entirely different support system than the old-fashioned model dependent on feet, cash and cars.
A recent survey by consulting firm Accenture found 63 per cent of consumers plan to use a laptop or home computer to make purchases or research items this holiday season, up 16 percentage points from last year.
Airline fees to top a record $50 billion this year
International Business Times
According to a new study by airline consulting firm IdeaWorksCompany, the airline industry will rake in $49.9 billion in ancillary fees this year, up 17.2 percent from the estimated $43 billion in 2013. In 2002, ancillary fees accounted for $22.6 billion. Ancillary revenue is defined by the study as any activity beyond the base price of the flight and can include things like checked baggage fees, premium seating assignments, sales of food during a flight, commissions gained from hotel booking, and the sale of frequent flier miles to partners.
Shopping for U.S. retail stocks
The Globe and Mail
With approximately seven weeks until Christmas, U.S. retailers are entering their busiest and most profitable part of the year. Though the September U.S. Retail Sales Report was lacklustre, many analysts expect that low gasoline prices will provide a cushion to consumers' wallets — potentially helping the broader retail sector.
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