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CHHMA NEWS

CHHMA - EYE ON OUR INDUSTRY
Volume 13, Issue 02, January 10, 2013

Inside This Issue:

• Register for Canada Night in Chicago
• Home Depot Canada’s Jeff Kinnaird to Speak to CHHMA Members 
• Sears Holdings CEO to Step Down for Family Reasons, Sears Canada Sales/Profit Fall  
• Target Unveils Year-Round Online Price Match  
• Amazon Brings Two-Day Shipping Service to Canada
• M-D Building Products Acquires Loxcreen Company
• Knape & Vogt Acquires Diamond Storage Concepts & CompX Furniture Components
• Key Changes for Ontario Blue Box and Orange Drop/MHSW Programs
• Canadian Housing Starts Slow in December
• Royal LePage: Canadian Housing Market Headed for Mild Correction
• Leading Bankers Expect ‘Soft Landing’ for Canadian Housing Market, Including Condos 
• Canada’s Job Growth Surprises Again in December, Unemployment Rate Falls 
• U.S. Economy Adds 155,000 Jobs in December, Unemployment Rate Holds  
 

Association News


Register for Canada Night in Chicago        
 
The 64th Canada Night is taking place on Sunday, March 3, 2013 at the InterContinental Hotel in Chicago from 6:30p.m. to 8:30p.m.  The event provides an opportunity for Canadian vendors, agents, and suppliers in town for the International Home+Housewares Show to mix and mingle with their peers as well as Canadian retailers in a convivial environment celebrating the common bond of being Canadian while enjoying the beer and wine bar and some excellent cuisine.  For further details and to register, click here. If you are interested in becoming a sponsor for the event, click here


 
Home Depot Canada’s Jeff Kinnaird to Speak to CHHMA Members   
 
The CHHMA is pleased to announce that Mr. Jeff Kinnaird, Vice-President of Merchandising, The Home Depot Canada, will be the guest speaker at our next breakfast seminar to be held on the morning of Wednesday, March 27, 2013, at the International Centre (Conference Facility) in Mississauga.  Further details and registration information will be made available shortly, but in the meantime, please mark your calendar and we hope to see you there.



Industry News
 
Sears Holdings CEO to Step Down for Family Reasons, Sears Canada Sales/Profit Fall    
 
Sears Holdings Corp said late on Monday that Chief Executive Louis D’Ambrosio will step down next month for family health reasons. Mr. D’Ambrosio will remain on the board until the company’s annual meeting in May.  Sears Holdings also reported that pre-holiday sales and profit tumbled at Sears Canada Inc.  Read More >>


 
Target Unveils Year-Round Online Price Match
 
Target Corp. said Tuesday that its pledge to match prices of select online rivals this past holiday season is now a year-round promise.  The retailer said it will match prices that customers find on identical products at top online retailers, all the time. The online list includes Amazon.com as well as the websites of Wal-Mart, Best Buy, Toys R Us and Babies R Us.  Read More >>


 
Amazon Brings Two-Day Shipping Service to Canada 
 
Amazon is bringing its unlimited, two-day shipping service to Canada.  The world’s largest online retailer says starting Tuesday, Amazon Prime will be on offer to Canadian customers for an annual fee of $79.  Read More >>



 
M-D Building Products Acquires Loxcreen Company 
 
Last week, Oklahoma City-based M-D Building Products, Inc. announced that it has acquired the assets of West Columbia, South Carolina based Loxcreen Company, Inc., a privately held precision manufacturing company founded in 1946 on patents for fabricating window screens. The acquisition includes Loxcreen’s Canadian flooring group operated under the Bengard Manufacturing name in Mississauga, Ontario. The two companies did not disclose terms of the sale for competitive purposes.  Read More >> 
 

 
Knape & Vogt Acquires Diamond Storage Concepts & CompX Furniture Components  
 
Last Thursday, Knape & Vogt, (Grand Rapids, MI) announced that they have acquired the assets of Diamond Storage Concepts LLC, marketers of the Hyloft brand of storage products. The acquisition of Diamond Storage Concepts follows on the heels of last week’s earlier announcement of Knape & Vogt's purchase of the Furniture Components Operations of CompX International Inc. for approximately $59 million. Chief in that acquisition are the Waterloo Furniture Components and Dynaslide divisions.  Read More >>
 

 
Stewardship News
 
Key Changes for Ontario Blue Box and Orange Drop/MHSW Programs 
 
Please read further for information regarding changes to the revised 2013 rules and 2013 fee schedule for the Ontario Blue Box Program and the revised 2013 rules for the Ontario Orange Drop/Municipal Hazardous or Special Waste (MHSW) Program in order  to ensure your company remains in compliance.  Read More >> 
 


Economic News
 
Canadian Housing Starts Slow in December             

Canadian housing starts slowed in December, but not as sharply as expected, as rural starts declined but urban starts held steady, the Canada Mortgage and Housing Corporation (CMHC) reported on Wednesday, providing further evidence that a housing market slowdown is underway.  Read More >>
 
 
Royal LePage: Canadian Housing Market Headed for Mild Correction
 
The latest Royal LePage quarterly House Price Survey and Market Survey Forecast released on Tuesday expects Canada’s housing market to go through a mild correction in the coming months, but is predicting that the average national home price will be 1% higher by the end of this year.  Read More >>


 
Leading Bankers Expect ‘Soft Landing’ for Canadian Housing Market, Including Condos
 
Canada’s leading bankers expect the country’s real estate market, including condominium development, faces a “soft landing” even though the slowdown is affecting mortgage lending.  Speaking to a RBC banking conference in Toronto on Tuesday, the country’s top bankers said they don’t expect a dramatic downturn like one experienced by the United States about five years ago.  Read More >>


 
Canada’s Job Growth Surprises Again in December, Unemployment Rate Falls
 
Canada’s job growth momentum to strengthen in December, confounding forecasters who expected hiring to slow after an unexpected surge a month earlier.  Employment rose by almost 40,000 in December, the fourth increase in five months, Statistics Canada reported last Friday.  Most surprising, all of last month’s new positions were full-time, and most of those were in the private sector.  Read More >>
 


U.S. Economy Adds 155,000 Jobs in December, Unemployment Rate Holds                  

The Labor Department reported last Friday that U.S. non-farm payrolls increased by 155,000 in December. That was inline with analysts’ expectations and slightly below the level for November.   Gains in employment were distributed broadly throughout the economy, from manufacturing and construction to health care.  Read More >>
  

 Upcoming CHHMA Events 

Canada Night
Sunday, March 3, 2013
InterContinental Hotel, Chicago, Illinois

Jeff Kinnaird (Home Depot Canada) Breakfast Seminar
Wednesday, Maarch 27, 2013
International Centre (Conference Facility), Mississauga, Ontario

CHHMA Spring Conference & AGM
Wednesday, April 10, 2013
International Centre (Conference Facility), Mississauga, Ontario

CHHMA Maple Leaf Night
Tuesday, May 7, 2013
The Mirage Hotel & Casino, Las Vegas, Nevada

CHHMA Quebec Golf Classic
Thursday, May 23, 2013
Club de Golf Le Fontainebleau, Blainville, Quebec

CHHMA Ontario Golf Tournament
Tuesday, May 28, 2013
Angus Glen Golf Club, Markham, Ontario

Industry Memorial Golf Classic
Tuesday, October 1, 2013
Blue Springs Golf Club, Acton, Ontario

 

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

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