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CHHMA NEWS

CHHMA - EYE ON OUR INDUSTRY
Volume 16, Issue 2, January 13, 2016

Inside This Issue:

• Register Now for Canada Night in Chicago
• Improve Your Financial/Investing Knowledge at Complimentary CHHMA Seminar
• Want to Know More About Millennials? Register Now for January 28th Seminar
• Lots to See at the 2016 International Home + Housewares Show
• Lowe’s Canada Announces Newly Appointed Divisional Vice President of Merchandising
• Hudson’s Bay to Buy Online Shopping Retailer Gilt for $250M
• Business Hiring, Spending Plans at Lowest Since 2009: Bank of Canada
• Canadian Housing Starts Fall in December as Condo Construction Plummets
• Value of Canadian Building Permits Plunges on Alberta Weakness
• Canada Adds 23,000 Jobs in December
• Bank of Canada’s Poloz Says Get Use To Weaker Loonie
• Latest U.S. Economic News


Association News


Register Now for Canada Night in Chicago

The 67th Canada Night reception will be held on Sunday, March 6, 2016, 6:00 to 8:00 p.m. at the InterContinental Hotel, Renaissance Ballroom in Chicago.

Canadian vendors, agents and suppliers to the industry in town for the International Home+Housewares Show are invited to purchase tickets to the event while Canadian retailers are invited as complimentary guests of the sponsoring companies.

The intent of the evening is to give everyone an opportunity to mix and mingle with peers and customers in a convivial environment celebrating the common bond of being Canadian while enjoying wine, beer, caesars and appetizers.

New this year will be live jazz and a whiskey tasting bar!

The registration fee is $175 (Cdn) per person (at the door price $225).

For all the details and to register, click here.  

We look forward to seeing you in Chicago!



Improve Your Financial/Investing Knowledge at Complimentary CHHMA Seminar

TD Wealth, Geoff Kidder (Investment Adviser to the CHHMA) and a team of financial experts are thrilled to offer an exclusive and insightful morning of knowledge that you can immediately put into action to start earning better returns on your investments, pay less tax, and ensure you are on the road to achieving financial peace-of-mind.
This wealth management seminar is complimentary to CHHMA members and will be held on Wednesday, February 10, 2016 at the International Centre (Conference Facility) in Mississauga, ON.

Registration and hot breakfast will take place from 8:00 to 9:00 a.m. followed by presentations from 9:00 to 11:30 a.m.  Read More >>
 

 
Want to Know More About Millennials? Register Now for January 28th Seminar 2016

The CHHMA is also pleased to offer our members an opportunity to attend an informative seminar on Decoding the Mysteries of Managing Millennials on Thursday, January 28, 2016.

Based on the latest research and practical workplace observations it is clear that managers are frustrated by the perceived neediness of their younger employees.  And at the same time, younger employees are frustrated with the lack of interaction and guidance they receive from their managers.

Whether you are a millennial yourself, or a more seasoned co-worker, manager, parent or grandparent to a millennial you’ll find this session interesting and insightful. Sales and business development staff will satisfy their curiosity on how to modify their approaches to sell and service younger customers and contacts.

The seminar will take place at the CHSI (Centre for Health & Safety Innovation), 5110 Creekbank Road, Mississauga, ON L4W 0A1 on  Thursday, January 28, 2016.  Registration (coffee & muffins will be served) from 8:30 to 9:00 a.m., followed by the presentation from 9:00 to 11:00 a.m. The cost to attend is $59.99+HST per person.  Read More >>



Industry News

Lots to See at the 2016 International Home + Housewares Show


The 2016 International Home + Housewares Show is less than two months away! It sold out in late December, more than 10 weeks before opening day, according to the International Housewares Association, the Show’s owner and operator. The Show begins at 10 a.m. on Saturday, March 5 and closes at 3 p.m. on Tuesday, March 8.

The Show will host more than 2,100 exhibitors from around the world, including 400 new companies exhibiting for the first time.

In addition, the Show will feature new branding focusing on the “It’s smART” theme, which combines smart business decisions directly with the art used to design, create and market products.  Show signage and visuals will reflect the melding of smart thinking and smart design. Also new this year, the Discover Design category has been expanded to an expo and moved to a new location in the North Building.  The Discover Design Expo will feature nearly 200 companies and brands from all Show categories, and Design Debut, which allows 10 new-to-the-Show exhibitors whose product demonstrates high-design and innovation to come and experience the International Home + Housewares Show without having to create an entire display.   Read More >>



Lowe’s Canada Announces Newly Appointed Divisional Vice President of Merchandising

Lowe's Canada announced the appointment of Alan Blundell as Divisional Vice President, Merchandising effective January 11, 2016.

Mr. Blundell joins Lowe's Canada with over 18 years of merchandising experience in the retail industry. In this newly created position, he will oversee the merchandising function and be responsible for leading a customer-centric approach to the company's category management strategy. Blundell will report to Igor Halencak, Head of Merchandising and Marketing for Lowe's Canada.   Read More >>   



Hudson’s Bay to Buy Online Shopping Retailer Gilt for $250M

The Hudson's Bay Company announced last Thursday that it has agreed to buy online retailer Gilt Groupe Holdings for $250 million (U.S.) cash in order to advance the company's off-price business through integration with Saks OFF 5TH stores.

Gilt has more than nine million members, including a devoted millennial following, according to HBC.

“Adding Gilt to our rapidly growing digital business is very exciting and we see tremendous potential to enhance our mobile and personalization strategies by leveraging Gilt’s advanced capabilities,” said Jerry Storch, chief executive officer of HBC, in a press release.  Read More >>  



Economic News

Business Hiring, Spending Plans at Lowest Since 2009: Bank of Canada


The fallout from the commodities price collapse is now spreading far beyond the oil patch, souring the mood of Canadian businesses and derailing their plans to hire and invest. The Bank of Canada’s closely watched Quarterly Business Outlook Survey, released Monday, shows hiring and investment plans at their lowest levels since the aftermath of the last recession in 2009.

“The negative effects of the oil price shock are increasingly spreading beyond the energy-producing regions and sectors,” the bank said in the survey.  Read More >> 



Canadian Housing Starts Fall in December as Condo Construction Plummets

Canadian housing starts fell more than expected in December from a month earlier as construction of multiple units, typically condominiums, dropped sharply, the Canada Mortgage and Housing Corporation (CMHC) reported on Monday.

The seasonally adjusted annualized rate (SAAR) of housing starts dropped 18.4% to 172,965 units in December from an upwardly revised 212,028 units in November. Forecasters expected 200,000 starts.

“A decrease in both the multiple and single starts segments drove the December trend lower,” said Bob Dugan, CMHC chief economist.  “Starts increased in 2015 compared to 2014, largely driven by the condominium market in Toronto. Had the Toronto condominium starts remained stable in 2015, national starts would have declined on a year-over-year basis.”  Read More >>     



Value of Canadian Building Permits Plunges on Alberta Weakness

The value of building permits issued by municipalities was down 19.6% from October to $6.2 billion in November, falling below the $7-billion mark for first time since May 2015. The decrease was the result of widespread declines in both residential and non-residential sectors in most provinces, particularly Alberta – which had seen a boom in October, Statistics Canada reported last Friday.

The decline – far greater than the 3.0% drop forecast by analysts in a Reuters poll – was the greatest since the 26.7% retreat seen in August 2014.

Alberta saw record demand in October as contractors rushed to apply for permits ahead of planned changes to the province’s building codes. The frenzy cooled off in November, dragging down the entire Canadian market.  Read More >> 



Canada Adds 23,000 Jobs in December

Canada added 23,000 jobs in December, surpassing expectations due to gains in self-employment, health care and education.

December’s gains helped reverse huge election-related job declines in November and capped a tumultuous year for job creation. The country added a total of 158,000 jobs in 2015, an increase of 0.9% over the previous year, despite mass layoffs in the energy sector.

The unemployment rate remained at 7.1% for the second consecutive month, according to Statistics Canada’s data released last Friday.  Read More >>       



Bank of Canada’s Poloz Says Get Use To Weaker Loonie

Bank of Canada Governor Stephen Poloz says Canadians should get use to both a cheap dollar and some inflation as the country continues to grapple with the shock of falling commodity prices.

The Canadian dollar, now at less than 71 cents (U.S.), is working to offset billions in lost revenue from exports of oil and other commodities, while making non-energy exports more competitive in world markets.

“Movements in exchange rates are helping economies, including ours, make the adjustments that must take place,” Mr. Poloz said in a speech last Thursday at Ottawa’s city hall.

Speaking to reporters after the speech, Mr. Poloz acknowledged it could take 3-5 years for the Canadian economy to adjust to the new reality of a lower commodity price world.  Read More >>        



Latest U.S. Economic News
       

U.S. job growth surged in December and employment for the prior two months was revised sharply higher, suggesting that a recent manufacturing-led slowdown in economic growth would be temporary.

U.S. wholesale inventories fell more than expected in November amid a push by businesses to reduce a stockpile of unsold goods, the latest indication that economic growth moderated sharply in the fourth quarter.  Read More >>      

  

 Upcoming CHHMA Events 

Seminar: Decoding the Mysteries of Managing Millennials
Thursday, January 28, 2016
CHSI (Centre for Health & Safety Innovation), Mississauga, Ontario

Seminar: Wealth Management Solutions in a Low Interest Rate World
Wednesday, February 10, 2016
International Centre (Conference Facility), Mississauga, Ontario

Canada Night
Held in Conjunction with the International Home+Housewares Show
Sunday, March 6, 2016
InterContinental Hotel, Chicago, Illinois

CHHMA Spring Conference & AGM
Tuesday, April 12, 2016
International Centre (Conference Facility), Mississauga, Ontario

CHHMA Maple Leaf Night
Held in Conjunction with the National Hardware Show
Wednesday, May 4, 2016
The Mirage Hotel & Casino, Las Vegas, Nevada

CHHMA Quebec Golf Classic
Thursday, May 19, 2016
Club de golf Le Fontainebleau, Blainville, Quebec

CHHMA Ontario Golf Tournament
Tuesday, May 31, 2016
Angus Glen Golf Club, Markham, 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

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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