CHHMA - EYE ON OUR INDUSTRY
Volume 14, Issue 37, October 2, 2014
Inside This Issue:
• Register Now for Information Session on Canadian Data Synchronization
• Congratulations to Vaughn Crofford for 20 Years at the CHHMA
• Sears to Sell Most of its Sears Canada Stake through Rights Offering
• Sears Canada CEO Resigns After One Year
• XS Cargo Fails to Restructure, Starts Liquidating Stores
• Muji Plans 7 or 8 Canadian Stores Over the Next 5 Years
• Sears Store Dealers Denounce Changes that Leave Them ‘Doomed to Financial Ruin’
• Canadians Little Affected by Home Depot Data Breach
• Canadian Economy Stalls in July
• Retail Sales in Canada Gaining Strength (Despite What You May Have Heard)
• Latest U.S. Economic News
Association News
Register Now for Information Session on Canadian Data Synchronization
Data synchronization is rapidly becoming the product content solution of choice for retailers and distributors in Canada and globally. Data synchronization enables a supplier to populate their product catalogue items into a standard data structure and as they add new items and update existing items the changes are automatically transmitted into the data recipient’s environment within 24 hours – this keeps them and their trading partners on the same page.
In Canada there are two current data synchronization options:
1. GDSN (Global Data Synchronization Network):
• Global network of 28 active GDSN data pools
• 31,998 registered entities
• 789 registered data recipients
• 14,992,799 registered items
2. ECCnet (owned and operated by GS1 Canada):
• Canada-only national product registry
• Product information catalogue service
• Operates outside the GDSN
• Number of registered entities and items not disclosed
ECCnet is an older, Canada-only solution used primarily in the grocery, drug store and general merchandise channels. GDSN is broader in scope and is used globally.
Many vendors have been getting pressure from customers to comply with data synchronization and it will only increase in the coming years. There has been a lot of confusion and misinformation about data synchronization and the inter-operability of various networks. The CHHMA has been lobbying retailers to keep an open and competitive environment and not limit the marketplace to one exclusive service provider for data synchronization in Canada. Costs for setting up your products can be significant, so it is important that you are aware of your various options.
Therefore, the CHHMA will be conducting an information session on Thursday, October 30, 2014, at a Toronto Airport Area location (TBA) to help clarify the situation.
This information session will be interactive and informative. Attendees will learn:
• All the benefits of data synchronization
• All the data sync acronyms
• The differences in cost and value of each system
• Which companies support each system today
• Where industry is headed in the future
Click here for further details and to register.
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To register for all events visit our website at www.chhma.ca or call Pam Winter at (416) 282-0022 ext.21.
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"Eye On Our Industry" is published by the CHHMA as an information resource for our members. Member input regarding content and format is welcomed. Please contact Michael Jorgenson by email: mjorgenson@chhma.ca, or call at (416) 282-0022, ext. 34. CHHMA is located at 1335 Morningside Ave., Suite 101, Scarborough, ON, M1B 5M4 www.chhma.ca
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