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CHHMA NEWS

CHHMA - EYE ON OUR INDUSTRY

Volume 13, Issue 17, May 01, 2013

Inside This Issue:
 
• Last Call for Maple Leaf Night in Las Vegas
• Terry Davis to Reveal Home Hardware’s Latest Business Strategies
• Three Weeks To Go Until CHHMA Quebec Golf Classic – May 23
• Register Now for the 44th Annual CHHMA Ontario Golf Tournament (May 28th) at Angus Glen Golf Club and Help
Support the Ontario Special Olympics!
 
• CHHMA's Team Building Event - Night at the Races - Register Now! 
• Loblaw Reports 40% Increase in First Quarter Profit; Plans REIT for July 
• Amazon Reports Solid First Quarter Profits
• Sears Canada Business Needs ‘Reset’
• Canadian Economy Grows 0.3% in February
• Industrial Product Prices Edge Up, Raw Material Prices Fall in March
• Latest U.S. Economic News


Association News


Last Call for Maple Leaf Night in Las Vegas
Don't Miss an Opportunity to Socialize with Major Customers While in Las Vegas ... 
Key Representatives from Canadian Tire, Chalifour Canada, Costco, Federated Co-op, Groupe BMR, Lowe’s,Home Hardware, RONA, TruServ Canada are registered to attend! 

Maple Leaf Night is once again taking place at the Mirage Hotel & Casino in Las Vegas on May 7th. This cocktail reception is always a great way to wind down after the first day of the show and is a great opportunity to mix and mingle with fellow members and retailers over cocktails and hors d-oeuvres while enjoying the bond of being Canadian. You can also remind any of your Canadian retail customers to register online at www.chhma.ca!   Click here for further details and to register for the event
 




Terry Davis to Reveal Home Hardware’s Latest Business Strategies    
 
This year, Home Hardware has embarked on its latest 5-year plan. Join your fellow CHHMA members as Mr. Terry Davis discusses the company's past and current business strategies and his views on the Industry. It's been nearly 3 years since we heard first hand from Home Hardware so don't miss this opportunity!!

Terry Davis is Executive Vice-President & Chief Operating Officer, Home Hardware Stores Limited, and he will be speaking at a CHHMA breakfast meeting on Wednesday, May 15, 2013 (8:00 a.m. registration & breakfast, 8:45 a.m. – 9:30 a.m. presentation), at the International Centre (Conference Facility) in Mississauga.  Click here to register.
 
 
Three Weeks To Go Until the CHHMA Quebec Golf Classic – May 23
 
The 38th Quebec Golf Classic is taking place at Le Club de golf Le Fontainebleau in Blainville, Quebec on Thursday, May 23 (11:00 a.m. shotgun start). The cost to attend is $325 for CHHMA members, $375 for non-members and includes brunch, golf, cart, dinner and wine. You can also purchase dinner only tickets for $110. All prices include GST. So make plans now to attend this fun industry outing with your colleagues or customers and hope to see you there on May 23rd!  Read More >>


Register Now for the 44th Annual CHHMA Ontario Golf Tournament (May 28th) at Angus Glen Golf Club and Help Support the Ontario Special Olympics!    
 
Pre-registration has already taken place at the CHHMA Spring Conference so don't delay in registering for this year’s CHHMA Ontario Golf Tournament at Angus Glen G.C. on May 28th.   Sign up for a fun time with your customers, work colleagues and industry peers while helping support a worthwhile cause!  Click here for more details and to register. Don't forget to "Sponsor a Hole" in support of some very special athletes!


 
CHHMA's Team Building Event - Night at the Races - Register Now!       
 
For the past 16 years, CHHMA members have used the Night at the Races as an opportunity to team build with their employees, thank their employees for a job well done and engage with customers and their spouses at a fun night of dining and thoroughbred horse racing at the Woodbine Racetrack in Toronto. The CHHMA in-house betting competition also offers an opportunity for attendees to win some prizes. Get your team together, invite your customers and enjoy a great evening in Favourites Dining Room, which offers a spectacular view of the track, for Night at the Races on June 12thClick here for further details and to register.

 
Industry News


Loblaw Reports 40% Increase in First Quarter Profit; Plans REIT for July
 
Loblaw Cos. Ltd. reported a 40% increase in first-quarter profit and said it plans to compete the initial public offering of its real estate investment trust (REIT) in early to mid-July.  The company, majority-owned by George Weston Ltd., announced earlier today that it also raised its quarterly dividend by 9% to 24 cents per share. This was the second time in six months that the company raised its dividend.  Read More >>


Amazon Reports Solid First Quarter Profits 
 
Amazon.com Inc. reported solid first-quarter profits last Thursday as the world's largest online retailer controlled shipping expenses and other costs, but international revenue growth slowed.  Seattle-based Amazon, which has been on a spending spree in recent years, posted declines in net income and operating profit, year over year. However, the company's gross profit margin came in at 26.6%, the highest in at least a decade.  Read More >>

 
Sears Canada Business Needs ‘Reset’ 
 
Sears Canada Inc. chief executive Calvin McDonald says there is still much work to be done as the company reconsiders what it sells in its stores and how many locations it operates.  The retailer has reduced its expenses by $100-million in the past two years and aims to shave another $100-million to $200-million from its fixed costs in the next couple of years, Mr. McDonald said last Thursday at the company’s annual general meeting. But what the retailer really needs to focus on is growing sales and getting out of lacklustre categories. Our current mix of sales is not balanced to achieve sustainable, long-term growth,” he said.  Read More >>

 
Economic News

Canadian Economy Grows 0.3% in February

Canada’s economy gathered momentum in February, beating market expectations and pointing to a more solid performance in the first quarter.  Monthly real GDP grew 0.3% in February Statistics Canada said Tuesday, while also revising upward its growth estimate for January to 0.3% from 0.2%.   Read More >>



Industrial Product Prices Edge Up, Raw Material Prices Fall in March              

Statistics Canada reported Tuesday that the Industrial Product Price Index (IPPI) edged up 0.1% in March, led by higher prices for motor vehicles and other transportation equipment. Meanwhile, the Raw Materials Price Index (RMPI) fell 1.7%, mostly because of lower prices for crude oil.  Read More >>  

 
Latest U.S. Economic News
 
U.S. Consumer Confidence Rebounds in April;  U.S. Home Prices Post Biggest Annual Gain in Seven Years; U.S. Pending Home Sales Rise in March;  U.S. Consumers Boost Spending Despite Higher Taxes; U.S. Economic Growth Falls Short of Forecasts, Weakness Ahead ...  Read More >>
 

 Upcoming CHHMA Events 

       
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