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CHHMA NEWS

CHHMA - EYE ON OUR INDUSTRY

Volume 13, Issue 11, March 13, 2013

Inside This Issue:

• Lots to Learn at the 2013 CHHMA Spring Conference & AGM – The Future is Now
• Register for Tim Urquhart (TIM-BR MART) Speaker Breakfast on April 3
• Last Call for Seminar on How to Maximize Accounts Receivable Collections - March 20
• Here’s Your Chance to Brush Up on Using Microsoft Outlook 2010
• Still Time to Register for Jeff Kinnaird (Home Depot Canada) Breakfast Seminar (March 27) 
• Register Now for Terry Davis (Home Hardware) Breakfast - May 15
• Heading to Las Vegas for the NHS, Be Sure to Attend Maple Leaf Night
• Canada Night Recap
• Hudson’s Bay Rebrands with New Logo
• RONA Opens Three New Stores in the GTA
• Canadian Tire Looks to Smaller and New Format Stores
• Canada’s Linen Chest One of the 2012-13 gia Global Honourees
• Canadian Housing Starts Rebound in February Due to New Condo Construction
• Canadian Building Permits Edge Up in January
• TD: Canadian House Prices to Average 2% Annual Growth Over Next 10 Years
• Canadian Economy Adds 51,000 Jobs in February, Far Exceeding Expectations
• Economists Cut Canadian Growth Forecasts: Flaherty
• U.S. Retail Sales Increase at Fastest Pace in Five Months 
• U.S. Unemployment Rate Drops to Lowest Level in Four Years   


Association News


Lots to Learn at the 2013 CHHMA Spring Conference & AGM – The Future is Now             
 
We have a great line-up of speakers and topics to interest you and your colleagues at this year’s CHHMA Spring Conference & AGM – The Future is Now taking place on Wednesday, April 10 (8:00 a.m. – 4:00 p.m.) at the International Centre Conference Facility in Mississauga.  Key-note speakers include one of Canada’s top-level economists Craig Alexander, senior vice-president & chief economist at TD Bank Financial Group, who will provide key analysis and forecasts on the Canadian, U.S. and Global economies, so your company will know what to expect ....  Read More >>




Register for Tim Urquhart (TIM-BR MART) Speaker Breakfast on April 3   
 
The CHHMA is pleased to be presenting Mr. Tim Urquhart, President & CEO, of TIM-BR MART Group, as the guest speaker at a breakfast seminar on Wednesday, April 3, 2013, (8:00 a.m. registration & breakfast, 8:45 a.m. – 9:30 a.m. presentation) at the International Centre (Conference Facility) in Mississauga.  Read More >>  



Last Call for Seminar on How to Maximize Accounts Receivable Collections - March 20  
 
The CHHMA is pleased to be offering an educational seminar entitled “Maximizing Accounts Receivable Collections: Keys to Success from the Legal Trenches!” next Wednesday, March 20, at the Courtyard Vaughan Hotel, 150 Interchange Way, Vaughan, ON L4K 5P7 from 10:30 a.m. to noon. Cost to attend is $49.95 + HST. No matter what business you are in, avoiding and reducing bad debts and maintaining cash flow is the difference between success and failure in today's competitive economy. Debt recovery law experts from Cambridge LLP will be on hand to share their years of experience to get and keep your company in the black!  Please pass this information on to the appropriate person(s) in your company who handle accounts receivables.  Read More >>



Here’s Your Chance to Brush Up on Using Microsoft Outlook 2010

The CHHMA is offering members hands-on training on Microsoft Outlook 2010 provided by Canada’s leading corporate training company – ctc TrainCanada (a Microsoft partner). Two duplicate three-hour sessions are being offered on Wednesday, April 24th at ctc Train Canada’s Mississauga facility at 201 City Centre Drive. The morning session will run from 9:00 a.m. to noon and the afternoon session from 1:00 p.m. to 4:00 p.m.  There is a maximum of 15 persons per session so sign-up soon while spots are still available!  Read More >>



Still Time to Register for Jeff Kinnaird (Home Depot Canada) Breakfast Seminar (March 27)  
 
The CHHMA is pleased to be presenting Mr. Jeff Kinnaird, Vice-President of Merchandising,The Home Depot Canada, as the guest speaker at a breakfast seminar on the morning of Wednesday, March 27, 2013, at the International Centre (Conference Facility) in Mississauga. During the presentation, Mr. Kinnaird will discuss the next phase of the DIY Revolution, its profound effect on the industries manufacturers and The Home Depot Canada’s approach. There will also be a question and answer period following the presentation.  For further details and to register for the breakfast event, click here.



Register Now for Terry Davis (Home Hardware) Breakfast - May 15    
 
The CHHMA is pleased to be presenting Mr. Terry Davis, Executive Vice-President & Chief Operating Officer at Home Hardware Stores Limited, at a breakfast speaker event on Wednesday, May 15, 2013 (8:00 a.m. registration & breakfast), at the International Centre (Conference Facility) in Mississauga.  Read More >>

 
Heading to Las Vegas for the NHS, Be Sure to Attend Maple Leaf Night      
 
Maple Leaf Night is taking place this year on the evening of Tuesday, May 7, 2013 at the Mirage Hotel & Casino in Las Vegas. This popular social event is open to CHHMA members and Canadian customers in town for the National Hardware Show (May 7-9). The CHHMA is now looking for companies to be sponsors for this fabulous event. The cost for sponsorship is $700 CDN and entitles companies to corporate identification on all tickets, letterheads and event signage. It also entitles your company to one complimentary ticket for the host who will participate in the receiving line and two additional complimentary sponsor tickets. Additional sponsor tickets can also be purchased for a reduced price of $95 CDN. Regular individual tickets are $160 CDN or $200 CDN at the door. Retailers/customers are invited to attend complimentary on behalf of the sponsors.

Click here for a PDF Sponsorship Request form.

Maple Leaf Night is always a great way to wind down after the first day of the show and is an opportunity to mix and mingle with fellow CHHMA members and Canadian retailers while enjoying cocktails and hors d-oeuvres. So come join us in Vegas!
 
Click here for further details and to register for the event.



Canada Night Recap
 
The 64th Canada Night reception took place on Sunday, March 3 at the InterContinental Hotel, Renaissance Ballroom in Chicago.

The mood was upbeat as Canadian vendors and retailers in town for the International Home+Housewares Show had a chance to relax from the show while they mixed and mingled with fellow colleagues and customers from the industry.

Mark your calendar for next year’s event being held March 16, 2014! 



Industry News
 
Hudson’s Bay Rebrands with New Logo            
 
The Hudson’s Bay Company has introduced a new logo for the first time in close to 50 years. Last week, the company announced that it is retiring its highly recognizable big B logo that has been the face of its flagship stores since 1965 and replacing it with a new, streamlined logo to reflect the modernized brand while also maintaining its deep-rooted history.   Read More >>


 
RONA Opens Three New Stores in the GTA
 
RONA inc. just celebrated the opening of three recent new stores in the Greater Toronto Area. RONA Islington is the first new-concept proximity store (20,000 to 52,000 square feet) to open in the GTA. The store opened on March 3. Located at 994 Islington Avenue, Etobicoke, it offers 24,000 square feet of retail space with over 16,000 products available in store. Meanwhile, two new satellite stores offering 6,500 square feet of retail space and a variety of 7,500 products in stock (30,000 products are also available via rona.ca) opened recently as well.  Read More >>

 
Canadian Tire Looks to Smaller and New Format Stores

According to the Globe and Mail, Canadian Tire will test a vastly smaller store version in urban malls this summer. It’s also set to pilot a separate chain of outdoor recreation stores – and other specialty chains eventually – taking on so-called category killers such as U.S.-based Bass Pro Shops and Cabela in stores that could be as little as one-10th their size.

“This is an opportunity for us to demonstrate our leadership position in these categories and look at markets that we believe are under-served,” Marco Marrone, chief operating officer of Canadian Tire, said in an interview to the newspaper. The initiative comes amid intensifying competition and the arrival this month of Target Corp. and its big-box outlets. As the U.S. discounter moves into the crosshairs of Canadian Tire’s suburban stores, the domestic chain is racing to branch out into new territory – city centres – to shore up its business in smaller stores. But it will feel the pressure to pump up sales in new mall stores to compensate for much higher urban rents than at its existing locations.  Click here to read the full article.



Canada’s Linen Chest One of the 2012-13 gia Global Honourees  

On March 5th, the International Home+Housewares Show and the International Housewares Association (IHA),along with the global sponsors and organizers of the Global Innovation Award (gia) program announced the five 2012-2013 gia Global Honorees. Included in this year’s honorees was Canada’s Linen Chest.   Read More >> 




Economic News
 
Canadian Housing Starts Rebound in February Due to New Condo Construction            

Canadian housing starts climbed in February as multi-family construction rebounded in Ontario and Quebec, the Canada Mortgage and Housing Corporation (CMHC) said last Friday, although data nevertheless showed that the housing market is continuing to moderate.  The seasonally adjusted annual rate (SAAR) of housing starts rose to 180,719 units in February, up 13.7% from 158,998 in January. The January figure was revised down from a previously reported 160,577 units.  Read More >>

 
Canadian Building Permits Edge Up in January
 
The value of Canadian building permits edged up in January after posting the biggest two-month fall in 24 years, Statistics Canada reported last Thursday. The agency said municipalities issued building permits worth $5.8 billion in January, up 1.7% from December. The increase in the residential sector more than offset a decrease in the non-residential sector. Despite the advance, the total value of building permits has been trending downwards since October 2012.  Read More >>


TD: Canadian House Prices to Average 2% Annual Growth Over Next 10 Years
 
After year’s of growth, economists from the TD Bank say the Canadian real estate boom is over and predict house prices to flatline over the next decade.  In a report entitled: ‘Long-Run Rate of Return for Canadian Home Prices’ released on Monday, TD Economics predicts a “string of lacklustre performances” over the next few years. The study says the annual rate of return for Canadian real estate will be about 2% over the next decade, meaning that prices will simply match the pace of inflation. Read More >>


Canadian Economy Adds 51,000 Jobs in February, Far Exceeding Expectations
 
The Canadian economy created 50,700 jobs last month, six times more than expected, and the country’s unemployment rate stayed at a four year low of 7% as more people looked for work, Statistics Canada said last Friday.  Read More >>


Economists Cut Canadian Growth Forecasts: Flaherty
 
Private sector economists have cut their growth forecasts for the Canadian economy in 2013 due to volatile market conditions in the United States and Europe, Finance Minister Jim Flaherty said last Friday.  Flaherty, speaking to reporters after meeting the economists, did not give precise figures. Ottawa's budget, expected later this month, is based on projections from around a dozen private sector economists. Last October, the economists forecast real GDP growth of 2.0% and nominal GDP growth of 4.0% in 2013.  Read More >>
 


U.S. Retail Sales Increase at Fastest Pace in Five Months
 
U.S. retail sales expanded at their fastest clip in five months in February, the latest sign of momentum for an economy facing headwinds from higher taxes and pricier gasoline.  U.S. retail sales increased 1.1%, the largest rise since September, after a revised 0.2% gain in January. That was well above economists’ forecasts for a 0.5% advance.  Read More >>


U.S. Unemployment Rate Drops to Lowest Level in Four Years
 
U.S. employers stepped up hiring in February, pushing the unemployment rate to a four year-low and suggesting the economy has enough momentum to withstand the blow from higher taxes and deep government spending cuts. Nonfarm payrolls surged 236,000 jobs last month, the Labor Department said last Friday, handily beating economists’ expectations for a gain of 160,000. The jobless rate fell to 7.7% from 7.9% in January, the lowest since December 2008. The decline reflected gains in employment as well as people leaving the labor force.  Read More >>
  

 Upcoming CHHMA Events 

Maximizing Accounts Receivable Collections Educational Seminar
Wednesday, March 20, 2013
Courtyard Vaughan Hotel, Vaughan, Ontario

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

Tim Urquhart (TIM-BR MART Group) Breakfast Seminar
Wednesday, April 3,2013
International Centre (Conference Facility), Mississauga, Ontario

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

Microsoft Outlook 2010 Training Sessions
Wednesday, April 24, 2013
ctc TrainCanada Facility, Mississauga, Ontario

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

Terry Davis (Home Hardware Stores Limited) Breakfast Seminar
Wednesday, May 15, 2013
International Centre (Conference Facility), Mississauga, Ontario

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

CHHMA Night at the Races
Wednesday, June 12, 2013
Woodbine Racetrack, Toronto, 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