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CHHMA NEWS

CHHMA - EYE ON OUR INDUSTRY
Volume 16, Issue 30, August 10, 2016

Inside This Issue:

• TIMBER MART’s Bernie Owens to Speak to CHHMA Members in Montreal – October 26
• Join Us on September 13th for a Seminar on the Future of E-Commerce/Digital
• Register Now for the Industry Memorial Golf Classic - September 27th at Blue Springs G.C.
• CHHMA Announces Scholarship Program Recipients for 2016
• Giant Tiger Wants to Open 10 to 15 Stores Every Year
• Wal-Mart to Buy Amazon Competitor Jet.com for About $3.3 Billion
• Orgill to Expand Distribution with Idaho Facility; Will Service Customers in BC & Alberta
• Canadian Tire to Focus on In-House Product Lines and a Digital Future
• Pace of Canadian Housing Starts Eases in July but Still Beat Expectations
• June Building Permits Drop on Lower Apartment/Condo Plans
• Scuttled Property Deals, Legal Risks Mount from Vancouver’s Foreign Property Buyer Tax: ‘It’s a Domino Effect’
• Canadian Economy Sheds 31,000 Jobs; Unemployment Rate Rises to 6.9%
• U.S. Adds 255,000 Jobs in July, Wages Rise as Unemployment Rate Unchanged


Association News

TIMBER MART’s Bernie Owens to Speak to CHHMA Members in Montreal – October 26 

The CHHMA is pleased to announce that Mr. Bernie Owens, President of TIMBER MART, will be our next guest speaker at a CHHMA Breakfast Seminar to be held at the Hôtel Holiday Inn Montréal-Longueuil on the morning of October 26th.

Mr. Owens began his career in the building-supply industry over thirty years ago, serving a long tenure at building-material manufacturer, CertainTeed – a subsidiary of multinational corporation, Saint-Gobain.Throughout his 21 years at CertainTeed, Mr. Owens served various roles including, General Manager - Finish Products for North America and Vice President of Sales for the company’s gypsum and insulation business units. Over the years, Owens adopted global best practices and fostered relationships with buying groups and building-material suppliers nationwide. Owens also went on to further his studies in business at international business school, INSEAD and York University’s Schulich School of Business.

Today, as the president of TIMBER MART, Mr. Owens leads the organization with a global industry perspective, fresh ideas, clear vision, and a relentless drive to make TIMBER MART the buying group of choice for Canadian independent building material and hardware entrepreneurs.

We look forward to hearing from Mr. Owens and his update on the organization. Further details and registration information will be available over the coming weeks.



Join Us on September 13th for a Seminar on the Future of E-Commerce/Digital

The digital world continues to transform retail in and out of the physical store and this trend will continue well beyond 2020. Traditional brick and mortar retailers are evolving their e-commerce operations and global third party marketplaces are fundamentally disrupting the retail landscape, resulting in a completely reshaped retail environment that will require distinct capabilities to compete.

In order to position for growth in this new seamless, digitally integrated retail environment, retailers and suppliers need to understand how fast e-commerce is growing, and get answers to crucial questions related to e-commerce and the digital transformation, including:

• How fast is e-commerce forecast to grow around the globe and in Canada?
• What is the size of the e-commerce opportunity?
• Which retailers are leading the change and driving the innovation?
• What capabilities will be critical for retailers and suppliers to win in the future digital landscape?
• How will e-commerce impact logistics and fulfillment business models of the future?

The CHHMA along with the Canadian Office Products Association (COPA) and RetailNet Group will be bringing the answers to you in a workshop on the future of e-commerce/digital on the morning of Tuesday, September 13, 2016, 9:00 a.m. – 11:00 a.m., at the Centre for Health & Safety Innovation, 5110 Creekbank Rd., Mississisauga, ON., CHHMA Members: $99.00 + HST.   Read More >>



Register Now for the Industry Memorial Golf Classic - September 27th at Blue Springs G.C.  


The 15th Annual Industry Memorial Golf Classic is taking place on Tuesday, September 27th at the Blue Springs Golf Club in Acton, Ontario.

The event is held on behalf of the hardware and housewares industry and it honours stalwarts from the industry who have passed away. CHHMA members and non-members are welcome to attend.

This year’s honourees are: David Holden (Hamilton Beach), Leonard Lee (Lee Valley Tools) and Warren Parr (D.H. Howden/TSC Stores).

Past honourees include: David Fry, Ted Kennedy, Geoff Somers, Ray Ceolin, Tom Ross, Bruce Webster, Chris Hrushowy, Mike Pullen, Jim Ypma, Bill Caldwell, Brayl Copp, Ed Hardison, Stuart North, Joseph Kuchar, Shelly Lush, Jack Pountney, Christof Vanooteghem, Ian Hay, Trygve Husebye, Bernie Carpenter, Don McDonald, Les Groves, Bob Hilton, Doug Straus, Mel Boshart, George Giles and Ed Barnes.

The day allows family, friends and colleagues to honour these gentlemen while enjoying a fun day out on the golf course followed by a dinner and silent auction.

The event will start off with registration and breakfast at 8:00 a.m. with a 9:00 a.m. tee off. Dinner will commence at around 2:30 p.m.

Money raised from the event will go towards the CHHMA Scholarship Program which provides support for children of CHHMA member company employees to attend university or college.

Click here for a PDF registration form.      Click here for a PDF silent auction pledge form.

For full details and to register online, click here



CHHMA Announces Scholarship Program Recipients for 2016

The CHHMA Board of Directors was pleased to announce last week the Scholarship Award recipients for 2016. The finalists were chosen by ballot draw and this year we are pleased to award five scholarships.

Since 2001, the CHHMA has awarded $170,000 towards scholarships and some 85 young people have benefited from the scholarship program. Recipients receive $1,000 per year for the first two years of study at an accredited post-secondary institution.

Here are this year’s winners ....  Read More >>



Industry News

Giant Tiger Wants to Open 10 to 15 Stores Every Year   


For 55 years, Giant Tiger’s smiling feline mascot has beckoned shoppers in small towns and those driving up to the cottage.  But after years of operating under the radar amid intense competition against rivals like Walmart and the now defunct Target Canada, the company is setting its sights on becoming a household name.

The Ottawa-based retailer, with its trademark yellow branding, currently operates 220 stores and has a goal of opening 10 to 15 new stores every year for the next three to five years.  The company also has plans to revamp the design of its locations and increase its product offerings in order to build a better shopping experience. Growing its e-commerce business has also been a top priority.  Read More >> 



Wal-Mart to Buy Amazon Competitor Jet.com for About $3.3 Billion

Wal-Mart has agreed to buy fast-growing online retail newcomer Jet.com, which had launched with a splash a year ago when it announced its intention to challenge online leader Amazon. Wal-Mart is paying $3 billion (U.S.) in cash and another $300 million in stock.

The deal announced Monday underscores how serious Wal-Mart is about igniting its online business, which has been slowing even as it has been making big investments including hiring thousands of workers, opening two offices in Silicon Valley, building large e-commerce distribution centres and expanding services.

Buying Jet.com would let Wal-Mart compete more effectively with Amazon.com and other online retailers. The deal also reflects the difficulties for startups like Jet.com to make it on their own in a sphere dominated by Amazon.com with its network of distribution hubs and the powerful asset of its Prime membership program.  Read More >>



Orgill to Expand Distribution with Idaho Facility; Will Service Customers in BC & Alberta

Orgill, Inc. will be expanding its network of distribution facilities with the addition of an approximately half-million- square-foot distribution center in Post Falls, Idaho.

Orgill has signed an agreement to acquire the facility and is expecting to close on the purchase Sept. 1. The new facility will be Orgill’s seventh full-service distribution center, in addition to locations currently operating in Tifton, Ga.; Inwood, WV.; Sikeston, Miss.; Hurricane, Utah; Kilgore, Texas; and London, Ontario.

The new facility will service customers in five states throughout the Northwest including Montana, Idaho, Oregon, Washington and Alaska as well as Canadian customers in British Columbia and Alberta.  These customers had previously been served out of other Orgill distribution centers but the addition of the new facility will streamline the delivery process.  Read More >>



Canadian Tire to Focus on In-House Product Lines and a Digital Future

The new chief executive officer of Canadian Tire Corp. Ltd. will make a big push on developing its own lines of products while looking for an acquisition as the retailer navigates unchartered digital waters following last month’s abrupt departure of former CEO Michael Medline.

Stephen Wetmore, who unexpectedly was re-installed as CEO after his successor left, outlined last Thursday his vision for the retailer – one that is similar to the one of Mr. Medline.

But in marking a divergence, Mr. Wetmore said he will seek an acquisition in line with Canadian Tire’s past takeovers, such as those of Forzani Group, whose sporting goods chains include Sport Chek as well as clothier Mark’s. In contrast, Mr. Medline had recently said he was looking for an e-commerce or digital specialist as a takeover target.

Mr. Wetmore also said Canadian Tire needs to develop or acquire products that will keep customers of all ages coming back to the retailer’s family of chains to meet their needs in “living, playing, fixing and driving.”  Read More >>   



Economic News

Pace of Canadian Housing Starts Eases in July but Still Beat Expectations


The pace of new Canadian residential construction eased last month following an unusually robust June, but still held up stronger than expected. The Canada Mortgage and Housing Corporation (CMHC) reported on Tuesday that its seasonally adjusted rate (SAAR) of housing starts in July was 198,395 units, down 9.1% from 218,326 units the month before.

Economists had estimated a decline to 195,000 units.

The SAAR of urban starts decreased by 9.9% in July to 182,620 units. Multiple urban starts decreased by 13.3% to 123,630 units in July and the single-detached urban starts decreased by 1.8% to 58,990 units.  Read More >>



June Building Permits Drop on Lower Apartment/Condo Plans 

The value of Canadian building permits unexpectedly sank in June, hurt by a drop in construction intentions for apartment and condominium buildings in Ontario and British Columbia, data from Statistics Canada showed on Monday.  The 5.5% decrease in the value of national building permits to $6.4 billion from May fell short of economists’ expectations for a gain of 1.5%. May was downwardly revised to a 2.1% decline from an initially reported 1.9% decrease.  Read More >>



Scuttled Property Deals, Legal Risks Mount from Vancouver’s Foreign Property Buyer Tax: ‘It’s a Domino Effect’ 

British Columbia’s decision to impose a 15% tax on foreign buyers to cool Vancouver’s scorching housing market is poised to derail more than 400 deals worth millions of dollars and may prompt calls for legal action.

At least 427 deals are likely to collapse due to the new measure, according to Dan Morrison, president of the Real Estate Board of Greater Vancouver, citing responses from 27 brokers to an e-mail inquiry. The group didn’t calculate the value of those sales, though they would be worth about $404 million based on the average purchase by a foreign buyer of $946,945.

That may just be the tip of the iceberg.  Read More >>    



Canadian Economy Sheds 31,000 Jobs; Unemployment Rate Rises to 6.9%

Canada’s economy lost 31,000 jobs in July, due to a big drop in public administration positions as well as declines in Ontario and among younger workers.  Full-time work plunged by 71,000 spots and part time employment rose by 40,000.

The unemployment rate rose to 6.9% from 6.8% in June, Statistics Canada said in its monthly labour report released last Friday.

The agency says full-time work in Canada hasn’t suffered a one-month blow this big since October 2011.  Read More >>  
     


U.S. Adds 255,000 Jobs in July, Wages Rise as Unemployment Rate Unchanged  
       

U.S. employment increased more than expected in July and wages picked up, which should bolster expectations of an acceleration in economic growth and raise the probability of a Federal Reserve interest rate hike this year.  Nonfarm payrolls rose by 255,000 jobs last month as hiring increased broadly after an upwardly revised 292,000 surge in June, the Labor Department said last Friday.

The unemployment rate was unchanged at 4.9% as more people entered the labour market. Highlighting labour market strength, average hourly wages increased a healthy eight cents and workers put in more hours. May’s payrolls were revised up to 24,000 from the previously reported 11,000.  Read More >>                      
 
  

 Upcoming CHHMA Events 

Future of E-Commerce/Digital Seminar
Tuesday, September 13, 2016
Centre for Health & Safety Innovation, Mississauga, Ontario


Industry Memorial Golf Classic

Tuesday, September 27, 2016
Blue Springs Golf Club, Acton, Ontario

Bernie Owens (TIMBER MART) Breakfast Seminar
Wednesday, October 26, 2016
Hôtel Holiday Inn Montréal-Longueuil, Longueuil, Québec

CHHMA Industry Calendar

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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Canadian Hardware & Housewares Manufacturers Association | 1335 Morningside Ave., Suite 101, Scarborough, ON M1B 5M4
Telephone: (416) 282-0022   Email: pwinter@chhma.ca