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CHHMA NEWS

CHHMA - EYE ON OUR INDUSTRY
Volume 15, Issue 34, September 16, 2015

Inside This Issue:

• Still Time to Register for the Industry Memorial Golf Classic on September 30th
• Industry Cocktail to Take Place on December 3rd at the Casino de Montreal
• Astro Marketing – Special Fall Jacket Promotion
• CSSA Annual Steward Meeting Set for October 29th
• Sears Canada Announces Updates to Loyalty Program/Credit Card Transition Process
• Wal-Mart Sparks Battle with Suppliers over Margin-Squeezing Fees
• Dollarama May Have to Raise Prices up to $4 to Deal with Lower Loonie
• HBC Results Bouyed by Faltering Competitors
• OECD Trims Canada’s Growth Outlook for this Year and Next
• Canadian Home Resales Little Changed in August; CREA Increases Annual Forecast
• Toronto, Vancouver HomePrices Poised to Surge ever Higher
• Latest U.S. Economic News

Association News

Still Time to Register for the Industry Memorial Golf Classic on September 30th

The 14th Annual Industry Memorial Golf Classic is taking place on Wednesday, September 30th 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 will be: David Fry (Shop-Vac Canada), Ted Kennedy (Rubbermaid Canada, Past CHHMA Chairman 1975-76) & Geoff Somers (Wentworth Corporation, Somerset House)

Past honourees include: 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 lunch at 10:30 a.m. with a shotgun start at noon.Dinner will commence at around 6:00 p.m.  

Money raised from hole sponsorships and a silent auction will go towards the CHHMA Scholarship Program which provides support for children of CHHMA member company employees to attend university or college (click here to see this year’s scholarship recipients).  So please consider sponsoring and/or donating an item for the silent auction for this worthwhile cause.

Click here to register online or click here for a: PDF registration form as well as a PDF silent auction pledge form



Industry Cocktail to Take Place on December 3rd at the Casino de Montreal

Mark your calendar and plan to join industry colleagues and retail customers for the annual industry year-end celebration on Thursday, December 3, 2015, from 5:30 p.m. to 8:30 p.m., at the Bar Dame de Coeur at the Casino de Montreal.

The location offers a fun and relaxing atmosphere where you can enjoy some wonderful food, drinks and conversation with friends from the industry while enjoying the festive season together.

So look for further details and registration info over the coming weeks and we hope to see you there!



Astro Marketing – Special Fall Jacket Promotion

The CHHMA has worked with Astro Marketing for many years, building a relationship and purchasing our incentive gifts for golf tournaments and speaker events. Our members have benefited by our volume and relationship when ordering items for their corporations.

Astro Marketing currently is running a special promotion on a Canada Sportswear jacket perfect for the fall season – see details below:

 
For further information and/or to place an order, please contact Brian Gravenor, Account Manager, at 416-665-7580 ext. 215 or bgravenor@astromarketing.ca.
 



Stewardship News

CSSA Annual Steward Meeting Set for October 29th

The Canadian Stewardship Services Alliance (CSSA) has announced that their third Annual Steward Meeting will be held on Thursday, October 29th.

The meeting details are as follows:

Time:10:00 am - 1:00 pm PDT; 11:00 - 2:00 pm CST; 12:00 - 3:00 pm CDT; or 1:00 - 4:00 pm EDT

Location:Webcast or In Person:

For those joining in person:Hilton Toronto Airport Hotel and Suites.5875 Airport Road, Mississauga, Ontario, L4V 1N1

CSSA looks forward to sharing information on the Multi-Material BC, Multi-Material Stewardship Western, Multi-Material Stewardship Manitoba and Stewardship Ontario programs including year-over-year program, financial performance, and 2016 material fee schedules.They also look forward to hearing from guest speakers who will provide insights on how packaging and printed paper recycling systems are evolving and what this means for stewards.

Further details including an agenda to follow.

Click here to register. 
 



Industry News

Sears Canada Announces Updates to Loyalty Program/Credit Card Transition Process

On Monday, Sears Canada announced an update and modernization to its customer loyalty program, Sears Club, which will bring it more firmly into the digital age. The enhanced Sears Club loyalty program, set to launch before the Holiday shopping season, will offer improvements to the customer experience.  Members will now earn valuable Sears Club points on purchases made in cash as well as with any debit or credit card accepted by Sears Canada. Customers can earn points on purchases made in store, through the Catalogue, online at www.sears.ca, or on mobile devices.  Read More >>



Wal-Mart Sparks Battle with Suppliers over Margin-Squeezing Fees

After years of meeting demands for ever cheaper prices, many Wal-Mart Stores Inc. suppliers are saying no to new margin-squeezing storage fees and a payment schedule that could delay for months how quickly some are paid.

The world’s largest retailer says the changes, laid out for vendors starting in June, reflect a push to simplify its relationships with suppliers, put them all on the same footing and reduce costs so it can offer customers the lowest prices. But some vendors see the new policy as an attempt by Wal-Mart to fatten its margins and offset wage hikes for store workers earlier this year.  Read More >> 



Dollarama May Have to Raise Prices up to $4 to Deal with Lower Loonie

Dollarama says the weaker Canadian dollar is forcing it to raise prices and could lead the discount retailer to increase its current price threshold from $3 to as much as $4 by late next year.

“The probability is in the third and fourth quarter of next year, we’ll have to move our price points up,” CEO Larry Rossy said last Thursday during a conference call about its latest results, which beat analyst expectations.

Rossy told analysts the company hopes to get more “clarity” about the need for higher prices during a trip to China in October.  Read More >>



HBC Results Bouyed by Faltering Competitors

Hudson’s Bay Co. is enjoying a stronger performance in its traditional Canadian department store business than in its U.S. operations even though the economy south of the border is more robust than that in this country.  Hudson’s Bay is being buoyed here by picking up sales from a string of retailers that have faltered, particularly Target Corp.  Read More >> 



Economic News

 OECD Trims Canada’s Growth Outlook for this Year and Next

The Organization for Economic Co-operation and Development (OECD) is taking a dimmer view of Canada’s economy, cutting its growth forecasts for this year and next.  In a fresh outlook Wednesday, the OECD trimmed its forecasts for Canadian economic growth to just 1.1% this year, and 2.1% for next year, down 0.4 of a percentage point for 2015 and 0.2 of a point for 2016.

The organization says the global economic outlook has grown darker than it was only a few months ago, but the United States is doing well enough that its central bank should go ahead with its first rate increase since the financial crisis.  Read More >>



Canadian Home Resales Little Changed in August; CREA Increases Annual Forecast

The boom in Canada’s housing market continued in August with sales of existing homes edging up 0.3% month over month and holding at levels not far off the five-year high reached in May, according to the Canadian Real Estate Association (CREA). In its latest survey released Tuesday, CREA says sales of existing homes were little changed from July in all local markets, with an even split between those posting increases and those showing declines.  On a full-year basis, actual sales were up 4% compared with August 2014 and were 6.6% above the 10-year average for the month of the month.

Meanwhile, CREA is revising upward its national housing forecast for the year despite the dampening effect in some provinces of low prices for oil and other commodities.  Read More >>      



Toronto, Vancouver Home Prices Poised to Surge ever Higher

Home prices in some Canadian cities are on a tear, driving the national average up to a pace that eclipses the 11-year average for August. Prices rose 1% last month from July and 5.4% from a year earlier, according to the Teranet-National Bank Home Price Index released on Monday.  Yet again, prices in Vancouver, Toronto and Hamilton scaled new heights.  Read More >>



Latest U.S. Economic News   

U.S. consumer prices unexpectedly fell in August as gasoline prices resumed their decline and a strong U.S. dollar curbed the cost of other goods, pointing to tame inflation that complicates the Federal Reserve’s decision whether to hike interest rates.

U.S. consumer spending grew at a fairly healthy pace over the past two months, but factory production slipped in August, providing the Federal Reserve a mixed picture of the economy ahead of a rate-setting meeting later this week.

U.S. consumer sentiment dropped to its lowest level since September last year, a survey released last Friday showed.  Read More >>

  

 Upcoming CHHMA Events 

Industry Memorial Golf Classic
Wednesday, September 30, 2015
Blue Springs Golf Club, Acton, Ontario

Industry Cocktail
Thursday, December 3, 2015
Casino de Montreal, Montreal, Quebec

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 26, 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