CHHMA - EYE ON OUR INDUSTRY
Volume 11, Issue 24, June 29, 2011
Inside This Issue:
Walmart Buys Zellers Sites, To Open New Urban Store Format
Target Loses Injunction Over Name
Sears Canada Announces New Leadership Appointments
Another Houseware Industry Veteran and Leader Retires
CHHMA Scholarship Program Deadline July 15th
Health Canada Information Sessions on the New CCPSA
Canada Falls in Innovation Rankings
Canadians' Confidence in Economy Declines
U.S. Consumer Spending Flat in May
U.S. Home Price Index Rises in April
Industry News
Walmart Buys Zellers Sites, To Open New Urban Store Format
Last Friday, Walmart Canada announced it has bought the leasehold rights to 39 current Zellers stores from Target Canada. Specific locations will be identified later this fall. The retailer also said it will launch a new store format called "Urban 90" in east Toronto. Read More >>
Target Loses Injunction Over Name
Last Thursday, the Federal Court of Canada upheld the right of Fairweather Ltd. to continue to run its clothing stores under the name "Target Appeal". "Target has not proved on balance of probabilities that it will incur irreparable harm," the court said in turning down Target's request for an injunction to stop Fairweather from using the name. Read More >>
Sears Canada Announces New Leadership Appointments
Sears Canada Inc. announced last Thursday that Calvin McDonald has been named its new President and CEO effective immediately. Mr. McDonald succeeds Dene Rogers, who resigned after holding the position since 2006. On Monday, the company also announced the appointment of Scott Silver as Executive Vice-President, Merchandising, Home & Hardlines. Read More >>
Member News
Another Houseware Industry Veteran and Leader Retires
After more than 25 years in the industry, the last six with Anchor Hocking Canada, Mary Houston has decided to retire (effective June 30th) and enjoy her other passions such as travel, the outdoors and photography. Read More >>
Association News
CHHMA Scholarship Program Deadline July 15th
The CHHMA is once again pleased to be able to offer the opportunity for children of employees of our member companies to apply for a scholarship to help offset the cost of post-secondary education. Five to seven scholarships are awarded each year. Successful candidates receive $1,000 CDN per year for the first two years of study leading to a diploma or degree from an accredited community college or university. The CHHMA must receive applications from potential candidates no later than July 15th. Read More >>
Government & Legislative News
Health Canada Information Sessions on the New CCPSA
As previously advised, the new Canada Consumer Product Safety Act (CCPSA) came into force on Monday, June 20, 2011.
Health Canada continues to offer free half-day information sessions on the requirements of this new legislation. Upcoming dates include: Toronto (July 5), Montreal (July 7), Vancouver (July 11), Winnipeg (July 14) and Ottawa (July 15). To register (at least 7 days before the date of the session), go to: http://surveys-sondages.hc-sc.gc.ca/s/ccpsa-infosession-lcspc-seanceinfo-eng/. You can also send an email to CPS-SPC@hc-sc.gc.ca to be added to a waiting list for future Health Canada information sessions including possible webinars.
Economic News
Canada Falls in Innovation Rankings
A report released on Tuesday by Canada's Science, Technology and Innovation Council (STIC) reveals that Canada is now a mid-level player in the global innovation race, passed by rising powers China and South Korea in some categories and falling behind long-term rivals such as the U.S., Germany, Norway and Sweden. The report called "State of the Nation 2010: Imagination to Innovation" says Canada's innovation performance has slumped on most key measures in the two years since the last report. Read More >>
Canadians' Confidence in Economy Declines
Canadians' confidence in the economy declined over the last three months, according to Nanos Research's latest "economic mood index" released on Tuesday. The index was at 113 based on the latest surveys taken between June 16 and 19, down from 115.7 in March. Read More >>
U.S. Consumer Spending Flat in May
The Commerce Department said on Monday that U.S. consumer spending was unchanged in May, after 10 straight months of gains. The May figure was the weakest result since September 2009 and when adjusted for inflation, spending actually dropped 0.1% as higher prices for food and especially gasoline are taking a toll on the economy. Read More >>
U.S. Home Price Index Rises in April
Home prices in a number of major U.S. cities rose for the first time in eight months in April, boosted by a flurry of spring buyers. The closely watched S&P/Case-Shiller composite index of 20 metropolitan areas dipped 0.1% on a seasonally adjusted basis in April from March, however, on a non-seasonally-adjusted basis, the index rose 0.7%, its first advance in eight months. Read More >>
CHHMA Events For 2011
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Soiree Karting/Go Karting Night
Thursday, September 1
Circuit ICAR, Mirabel, Quebec
Industry Memorial Golf Classic
Tuesday, September 27
Blue Springs Golf Club, Acton, Ontario
Industry Cocktail
Tuesday, November 29
Casino de Montreal, Montreal, Quebec
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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