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Today's Top Stories
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CHFM Update
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Written by Michael J. Knell
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TORONTO (20 January 2012) - Business won't get back to where it was before everything came crashing down at the end of 2008, but exhibitors decamping the International Centre here in the wake of the fortieth anniversary edition of the Canadian Home Furnishings Market (TCHFM) are confident furniture retailing will experience an encouraging uptick over the coming months. |
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Retail Scene
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Written by Michael J. Knell
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TORONTO (23 January 2012) - Two of this country's best known furniture banners will disappear this coming March when Mega Group rolls out BrandSource as its primary go-to-market strategy for independent furniture, mattress and appliance retailers across Canada. The member-owned buying group announced the conversion just prior to the Canadian Home Furnishings Market which ended its annual four-day run here last week. |
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Retail Scene
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Written by Michael J. Knell
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TORONTO (23 January 2012) - The Hudson's Bay Company has completed the acquisition of its affiliate, Lord & Taylor Holdings, the U.S. department store chain and named Bonnie Brooks, who has served as president and chief executive of The Bay since August 2008, to oversee the newly expanded retail operation as president of the Hudson's Bay Company. |
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Other News |
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IKEA Canada says same store sales up 2% in FY 2011 |
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BURLINGTON, Ontario (23 January 2012) - Comparable store sales for 11 units operated by IKEA Canada were up 2% for the company's last fiscal year. The Canadian subsidiary of the Swedish home furnishings giant also said it lowered overall prices by about 4% during that time. |
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Sealy Canada launches own version of Posturepedic Proback at TCHFM |
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TORONTO (23 January 2012) - Sealy Canada launched its first-ever ‘developed in Canada' line of mattresses at the Canadian Home Furnishings Market, which ended its annual four-day run here last week. The new Posturepedic Proback line not only features the bedding giant's four newest technologies but is supported by a modern, technology-driven in-store point-of-purchase and top-of-bed merchandising program. |
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MIFF: looking to build a Canadian connection |
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FROM THE WINTER 2011 MERCHANDISER KUALA LUMPUR, Malaysia (20 January 2012) - It has been said that with the exception of the last two weeks of December, there is a furniture market going on somewhere in the world. Several of these events are generally overlooked by retailers in Canada, but there's one in this jewel of the Orient that is working hard to make a name for itself in this country. |
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Samsung ships 1M TVs in Canada |
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MISSISSAUGA, Ontario (24 January 2012) - Samsung Electronics Canada (SEC) announced today that it shipped one million flat panel televisions into the Canadian market in 2011, making it the number one brand in this country. To celebrate the milestone, the consumer electronics giant is partnering with Citytv and launching an online contest that will see eligible Canadians win one of its flagship LED TVs. |
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HGO This Week Newsletter:
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Picture of the Day |
Cantrex will aggressively expand its private label offerings beyond appliances and into both furniture and mattresses at the upcoming 2012 edition of the Canadian Home Furnishings Market. The Omni sectional, seen here, is part of a five-frame stationary upholstery program which will be made in Canada. It will be offered to Cantrex members with both a tag order and a quick ship program. Click here for our complete report.
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