REAL ESTATE

Target to open 20 more Canadian stores

BY Marianne Wilson

Mississauga, Ont. — Target plans to open the doors to an additional 20 stores in Canada between July 16 and July 30. The stores will be located in in British Columbia, Alberta, Saskatchewan and Ontario

The openings mark Target’s first openings in Saskatchewan and follow the unveiling of 48 stores across Canada earlier this year. The new 20 locations officially push Target past the halfway mark for store openings this year. The retailer plans to open 124 stores across Canada throughout 2013.

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News

ThinkGeek to take the Internet to San Diego Comic-Con

BY CSA STAFF

FAIRFAX, Va. — ThinkGeek.com is taking the merchandise it offers on its e-commerce site to Booth #5541 at the San Diego Comic-Con, from July 17-21.

The Internet retailer will offer con-exclusive merchandise such as Minecraft Gold Swords and Pickaxes, Portal 2 Deco Starfield Turrets and Bravest Warrior pin packs and party masks, as well as a wide selection of other ThinkGeek merchandise, including a gold- and silver-plated working Sonic Screwdriver Universal Remote from the Eleventh Doctor which will surely have Doctor Who fans and cosplayers flocking to the booth like companions to a glowing TARDIS. ThinkGeek will also offer most of the con-exclusive items on its e-commerce site while supplies last.

ThinkGeek is a wholly owned subsidiary of Geeknet, Inc. Since 1999, ThinkGeek has offered apparel, toys and gadgets to its niche, but ever-growing, market.

The company leverages social media, most notably its Twitter feed and its YouTube channel, to engage existing and potential consumers and offer incentives, such as discounts or buy one-get one offers, to drive traffic to its site. Once on the site, shoppers can sign up for ‘Geek Mail’ to receive email blasts that showcase new merchandise, sales or discounts with offer codes and if they register free they can keep wish lists on the site. The company also offers a loyalty program wherein shoppers can earn ‘Geek Points’ with purchases that they can then redeem later to get free merchandise.

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FINANCE

Sears faces class-action lawsuit by Canadian ‘Hometown’ store dealers

BY Marianne Wilson

Toronto — A "Sears Hometown" store owner in Woodstock, Ontario (Canada), has launched a class action lawsuit on behalf of approximately 260 Sears Hometown dealers across Canada against Sears Canada and its American affiliate, Sears. Both are subsidiaries of Sears Holding Corp.

The lawsuit alleges that Sears lowered dealers’ commissions, reduced advertising for local stores and bypassed the franchises by selling directly to customers who are located within their markets.

The dealers also claim that Sears is setting their compensation and work conditions, without abiding by labor laws or franchise protection laws.

"We are tired of disappointing our customers because we lack the resources to serve them properly," said Jim Kay, the dealer who filed the class-action lawsuit, in a statement. "We are tired of disappointing our customers because we lack the resources to serve them properly. We are tired of facing the public without a smile, because we know there is no paycheck at the end of the week. We are tired of being fed scraps for the benefit of a U.S. hedge fund billionaire."

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L.Sampson says:
Sep-23-2013 06:47 pm

In the exact same boat
I am Sears Hometown Store owner in the United States, and, it is the exact same thing here. We are not surviving, much less making a profit. The business model is designed to solely support the holding company and not benefit the owner. Sears puts the inventory in the stores while the owner is solely responsible for the overhead and operating expenses of their store. The margin is so low, it is unbelievable. Owners are paid on average less than 10% margin on sales plus have the "opportunity" to earn a so called bonus based on specific metrics set forth by the holding company. I expect to see a drastic decrease in Sears Hometown Store owners in the near future. Unless SHOS can come up with a much greater commission percentage that benefits the owners and makes the endeavor worthwile, they will not be around long.

L.Sampson says:
Sep-23-2013 06:47 pm

In the exact same boat
I am Sears Hometown Store owner in the United States, and, it is the exact same thing here. We are not surviving, much less making a profit. The business model is designed to solely support the holding company and not benefit the owner. Sears puts the inventory in the stores while the owner is solely responsible for the overhead and operating expenses of their store. The margin is so low, it is unbelievable. Owners are paid on average less than 10% margin on sales plus have the "opportunity" to earn a so called bonus based on specific metrics set forth by the holding company. I expect to see a drastic decrease in Sears Hometown Store owners in the near future. Unless SHOS can come up with a much greater commission percentage that benefits the owners and makes the endeavor worthwile, they will not be around long.

L.Sampson says:
Sep-23-2013 06:47 pm

In the exact same boat
I am Sears Hometown Store owner in the United States, and, it is the exact same thing here. We are not surviving, much less making a profit. The business model is designed to solely support the holding company and not benefit the owner. Sears puts the inventory in the stores while the owner is solely responsible for the overhead and operating expenses of their store. The margin is so low, it is unbelievable. Owners are paid on average less than 10% margin on sales plus have the "opportunity" to earn a so called bonus based on specific metrics set forth by the holding company. I expect to see a drastic decrease in Sears Hometown Store owners in the near future. Unless SHOS can come up with a much greater commission percentage that benefits the owners and makes the endeavor worthwile, they will not be around long.

L.Sampson says:
Sep-23-2013 06:47 pm

I am Sears Hometown Store owner in the United States, and, it is the exact same thing here. We are not surviving, much less making a profit. The business model is designed to solely support the holding company and not benefit the owner. Sears puts the inventory in the stores while the owner is solely responsible for the overhead and operating expenses of their store. The margin is so low, it is unbelievable. Owners are paid on average less than 10% margin on sales plus have the "opportunity" to earn a so called bonus based on specific metrics set forth by the holding company. I expect to see a drastic decrease in Sears Hometown Store owners in the near future. Unless SHOS can come up with a much greater commission percentage that benefits the owners and makes the endeavor worthwile, they will not be around long.

L.Sampson says:
Sep-23-2013 06:47 pm

I am Sears Hometown Store owner in the United States, and, it is the exact same thing here. We are not surviving, much less making a profit. The business model is designed to solely support the holding company and not benefit the owner. Sears puts the inventory in the stores while the owner is solely responsible for the overhead and operating expenses of their store. The margin is so low, it is unbelievable. Owners are paid on average less than 10% margin on sales plus have the "opportunity" to earn a so called bonus based on specific metrics set forth by the holding company. I expect to see a drastic decrease in Sears Hometown Store owners in the near future. Unless SHOS can come up with a much greater commission percentage that benefits the owners and makes the endeavor worthwile, they will not be around long.

L.Sampson says:
Sep-23-2013 06:47 pm

I am Sears Hometown Store owner in the United States, and, it is the exact same thing here. We are not surviving, much less making a profit. The business model is designed to solely support the holding company and not benefit the owner. Sears puts the inventory in the stores while the owner is solely responsible for the overhead and operating expenses of their store. The margin is so low, it is unbelievable. Owners are paid on average less than 10% margin on sales plus have the "opportunity" to earn a so called bonus based on specific metrics set forth by the holding company. I expect to see a drastic decrease in Sears Hometown Store owners in the near future. Unless SHOS can come up with a much greater commission percentage that benefits the owners and makes the endeavor worthwile, they will not be around long.

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