IHR Editor Robert McMaster provides a news round-up of Health Canada's recent proposed regulation to "exempt" the NPN back-log, and some background on the issue for retailers.
Health Canada Proposes Regulation to “Exempt” the NPN Back-log
by Robert McMaster
Health Canada has taken action to address the large class of Unprocessed Product License Applications. Regulations have been published in the Canada Gazette Part I (May 8, 2010) detailing a protocol for the “orderly transition” of the existing backlog of natural health product applications that Health Canada has not processed. In an attached Regulatory Impact Analysis Statement, Health Canada acknowledges there are about 10,000 natural health products (NHPs) currently being sold for which outstanding license applications have been made that the department has not processed. This is a situation that has been festering for many years, so Health Canada explains its current impulse to act:
“As a result of recent stakeholder feedback regarding the sale of unlicensed NHPs, Health Canada is of the opinion that a temporary solution is needed to allow Canadians access to products that meet certain safety criteria, while also making sure safety measures are in place…”
The “recent stakeholder feedback” refers to statements and actions taken by the National Association of Pharmacy Regulatory Authorities (NAPRA) in January 2010 against the sale of unprocessed NHPs in drug stores which they alleged were “unsafe”. The regulations HC proposes is described as a “temporary instrument” that “would make the sale of these products legal”. To qualify for exemption a product would have to comply with specified safety criteria. These are:
• The product is not a sterile product for ophthalmic use;
• “To the best of the applicants knowledge” the product is not likely to result in injury by its user;
• The product is not recommended for any health condition listed in Schedule A;
• The product is not recommended for use by children, pregnant or breastfeeding women;
Health Canada will also publish a registry of exempted products on its website. Also, manufacturers must ensure that an exemption number designated as an “EN” be printed on product labels “within a reasonable time”. An exemption number would remain valid until the application is withdrawn, is formally approved or refused or until the regulations expire at the end of 30 months after coming into force. In their cost-benefit statement, HC says “the proposal could preserve $245 million or more of the product sales for the affected products in the first year of its implementation,” and that “there would be no additional cost to consumers and retailers”. These regulations would require HC to issue an exemption number to qualifying NHPs either within 180 days from when applications was first made or by 15 days after the regulations come into force. Since most affected products have been long outstanding HC would have issue thousands of exemption licenses within a two week period.
Carl Carter, regulatory affairs director of the Canadian Health Food Association (CHFA) is quoted in the Toronto Sun (May 19th) as saying, “The proposals reassure the CHFA”. “A big concern to us was really the unnecessary potential for consumer confusion,” he said. Lawyer Shawn Buckley of the Natural Health Products Protection Association (nhppa) has issued a personal discussion paper expressing deep reservations. “As the law currently stands, persons who have submitted licence applications are not in danger of convictions for selling without a licence. There is no need to exempt them or deem licences to avoid convictions,” he writes. Manufacturers who go to the expense of acquiring an exemption licence are no better of than those who decline this route and simply wait for their application to be processed. Buckley also is concerned that HC will use this regulatory initiative to ramp up enforcement at the retail store level. “Once the back-log is cleared, Inspectors can walk into health food stores and seize every product that does not have a licence number on the label”.
The Backstory
by Robert McMaster
With pharmacy regulators throwing a fit and Health Canada’s (HC) exemption regulations for outstanding NPNs, how is a retailer to make sense of this and is there anything you can or should be doing? To get a fix on this, frame it politically. The Harper government is preparing to introduce its third version of consumer safety legislation. Twice before – as Bills C6 and C51 – the Harper government has failed in this mission and that rankles. Two public constituencies rallied to sufficiently fuel legislator concerns. These were civil libertarians and the natural health community. The Prime Ministers Office (PMO) aims to neutralize these threats this round by pre-emptive action. So, there have been leaked press stories that many authoritarian provisions will be deleted from the forthcoming Bill. That’s meant to send a friendly signal to the civil liberties folks. Now, what about the natural health freedom crowd? More than anything the PMO wants to ensure that nothing occurs to provoke a repeat incident of MP and media-directed consumer fury over fears that Health Canada is about to ban popular natural health products (NHPs).
Into this scenario the pharmacy regulator initiative precipitates. Apparently, relations are such that when pharmacy regulators want to communicate some concern to Health Canada the rational thing is to issue a hostile press release. By throwing down the gauntlet the pharmacy people intended to create a “public safety” pretext that would allow HC to outright ban the offending class of products. In this event, the industry and consumers would go ballistic and start pounding on MPs. HC would deflect the blowback onto the pharmacy regulators (they forced us to do it!).
Such a situation would jeopardize the pending consumer safety bill, so a Higher Power has forced an alternative solution. Since there is concern over the ambiguous status of outstanding NPNs, a decision has been made to resolve the problem by effectively ‘legalizing’ the lot through the magic of the Canada Gazette. The PMO hopes that thus assuaged the natural health community will not be inclined to interfere with their legislative plans. For the PMO, this is an easy ‘give’. They could care less that this puts noses out of joint at HC. For them, this is a major defeat. But it is not a victory for natural health. It’s not yet clear how this will play out and the situation is unstable. There’s a lot of money on the line and reputations at stake so expect more trouble.
In politics there are two currencies – money and people. We don’t have the money but we can surely mobilize the power of hundreds of thousands of registered voters. In the absence of national organizations that command the confidence of natural health consumers’ only retailers as a group have a direct and trusted relationship. Natural health retail establishments are the local constituency offices of the natural health movement. Every store can be the hub of a neighbourhood support network. If retailers proactively organize, support, and sponsor their customers to speak up and act then they will make a force that has serious political weight. Your customers want you to step up to the plate.
Friday, May 28, 2010
EVENTS NEWS: CORPORATE WELLNESS - June 8, 2010
Innovation Events and Media is delivering a powerful full day event on CORPORATE WELLNESS, Tuesday, June 8th, 2010 at The University of Toronto, Brennan Hall.
CORPORATE WELLNESS
A Powerful Full-Day Event
As we all know, in today’s economic climate, wellness and innovation are key drivers to business success. A motivated and healthy workforce will transform your business and prepare you for future growth.
• Join an intimate group of like-minded professionals from globally and locally recognized companies
• Participate in a dynamic networking luncheon
• Benefit from a results-oriented program of proven techniques on Corporate Well-Being
• Take home a lasting feeling of calm confidence and proactive success, personally and
professionally
• Bring innovation to your workplace and motivation to your job or business
• Grow market leadership in your field
• Brand your company as an innovator, the hottest topic in business today
• Show your customers, employees and the business world how committed you are to corporate wellness, the biggest concern in business today
Register you or your team now – seating is limited.
Date: June 8, 2010, 8:30am to 4:30pm
Location: University of Toronto, St. Michael’s College, Sam Sorbara Auditorium
Fee: $300.00 per individual or $275.00 per person, for groups of 5 or more (plus applicable tax)
For more information, visit: http://innovationmotivation.com/allevents.php
About the facilitator:
Mr. Khalsa is an expert in working with the total being, both personally and professionally. He is a dynamic and compelling speaker, having conducted hundreds of programs, seminars, lectures and keynotes throughout the United States, Europe, Canada, and around the world. As an expert in corporate communication and wellness, he has provided consulting services to corporations helping them to achieve their full potential through a variety of formats such as keynote lectures, motivational speaking, in-service training and executive coaching. Mr. Khalsa is frequently called upon by network TV producers and celebrities, business and spiritual leaders, athletes, doctors and educators, as well as everyday people with problems and questions about personal or professional transformation, stress reduction, self-determination, and achieving and managing success. News entities such as CNN and CNBC have counted on him numerous times for valuable insights into events that take place in the world.
CORPORATE WELLNESS
A Powerful Full-Day Event
As we all know, in today’s economic climate, wellness and innovation are key drivers to business success. A motivated and healthy workforce will transform your business and prepare you for future growth.
• Join an intimate group of like-minded professionals from globally and locally recognized companies
• Participate in a dynamic networking luncheon
• Benefit from a results-oriented program of proven techniques on Corporate Well-Being
• Take home a lasting feeling of calm confidence and proactive success, personally and
professionally
• Bring innovation to your workplace and motivation to your job or business
• Grow market leadership in your field
• Brand your company as an innovator, the hottest topic in business today
• Show your customers, employees and the business world how committed you are to corporate wellness, the biggest concern in business today
Register you or your team now – seating is limited.
Date: June 8, 2010, 8:30am to 4:30pm
Location: University of Toronto, St. Michael’s College, Sam Sorbara Auditorium
Fee: $300.00 per individual or $275.00 per person, for groups of 5 or more (plus applicable tax)
For more information, visit: http://innovationmotivation.com/allevents.php
About the facilitator:
Mr. Khalsa is an expert in working with the total being, both personally and professionally. He is a dynamic and compelling speaker, having conducted hundreds of programs, seminars, lectures and keynotes throughout the United States, Europe, Canada, and around the world. As an expert in corporate communication and wellness, he has provided consulting services to corporations helping them to achieve their full potential through a variety of formats such as keynote lectures, motivational speaking, in-service training and executive coaching. Mr. Khalsa is frequently called upon by network TV producers and celebrities, business and spiritual leaders, athletes, doctors and educators, as well as everyday people with problems and questions about personal or professional transformation, stress reduction, self-determination, and achieving and managing success. News entities such as CNN and CNBC have counted on him numerous times for valuable insights into events that take place in the world.
INDUSTRY NEWS: Martek Launches Brain Health Awareness Campaign with National Center for Creative Aging
Martek Biosciences and the National Center for Creative Aging have collaborated on an educational campaign designed to inspire baby boomers to be proactive about their brain health. The campaign, called "Beautiful Minds: Finding Your Lifelong Potential" is designed to help change public perceptions about brain health and aging.
___________________
Martek Biosciences and the National Center for Creative Aging Introduce New Brain Health Awareness Campaign, 'Beautiful Minds: Finding Your Lifelong Potential'
COLUMBIA, Md., May 27, 2010/ -- Martek Biosciences (Nasdaq: MATK), in partnership with the National Center for Creative Aging today introduced "Beautiful Minds: Finding Your Lifelong Potential," an educational campaign designed to inspire baby boomers to be proactive about brain health.
"Martek has a proud, 25-year heritage in brain health science and research as well as a strong history of supporting health education and outreach," said Steve Dubin, Martek CEO. "We are pleased to partner with the National Center for Creative Aging and announce 'Beautiful Minds: Finding Your Lifelong Potential,' to help change public perceptions about brain health and aging."
Brain health is one of the top health-related concerns of aging populations and has been identified by the Centers for Disease Control as a public health priority. Fifty-five percent of baby boomers fear the loss of mental capacity; in fact, 41 percent fear their brain fitness has decreased during the past 10 years(1). Research demonstrates that lifestyle factors like diet, exercise, and social, mental and intellectual engagement may be important influencers on the aging brain.
"The realization that we may be able to influence our brain health throughout adult life is important as baby boomers move into the second half of their lives," according to Gay Powell Hanna, Ph.D., M.F.A., executive director for the National Center for Creative Aging. "The Beautiful Minds campaign will demonstrate that maintaining a beautiful mind is not a sacrifice, but a way to do more of what you love, longer."
The Science of Brain Health
The Beautiful Minds campaign features a new scientific assessment released today and developed in conjunction with the National Center for Creative Aging. The assessment explores the lifestyle factors that may help to improve overall brain health, including memory performance, and outlines the four dimensions of brain health:
* The Nourished Mind
* The Physically Active Mind
* The Socially Connected Mind
* The Mentally Engaged Mind
Among the key research findings summarized in the assessment is the Memory Improvement with Docosahexaenoic Acid (DHA) Study (MIDAS), published online May 3, 2010, in Alzheimer's and Dementia: The Journal of the Alzheimer's Association. MIDAS is the first large, randomized and placebo-controlled study demonstrating that DHA omega-3 improved memory function in healthy aging adults, providing a benefit roughly equivalent to having the learning and memory skills of someone three years younger.
Beautiful Minds: The Benefits of DHA Omega-3
Despite its importance, most people eating a Western diet do not consume enough DHA. In the MIDAS study, healthy people age 55 and older with memory complaints who took 900 mg algal DHA capsules daily for six months had almost double the reduction in errors on a test that measures learning and memory performance versus those who took a placebo.
The source of DHA used in MIDAS was a vegetarian and sustainable algal DHA manufactured by Martek Biosciences and marketed to consumers under the brand name of life'sDHA(TM). Consumers who are looking for algal DHA supplements that will enable them to easily achieve DHA intake comparable to the amount used in this study can find them at major retailers like Walmart, CVS and Walgreens under the Algal-900 DHA product name.
"The fear of memory loss and losing brain capacity looms large in the minds of boomers," said neurologist and memory expert, Dr. Majid Fotuhi. "But as research demonstrates in a clinical setting, there are some simple things you can do to maintain and even improve your brain health as you age -- like taking 900 mg of algal DHA every day."
Beautiful Minds: Photo Essay Exhibit and Website
To inspire Americans to learn more about brain health, Martek worked in partnership with the National Center for Creative Aging to select 11 "Beautiful Minds." These "Beautiful Minds" are individuals with stories of accomplishment, creativity, and reinvention in the second half of life, who maintain healthy lifestyles that fulfill the four dimensions of brain health: the nourished mind, the physically active mind, the socially connected mind and the mentally engaged mind.
The 11 Beautiful Minds are profiled in a photo essay exhibit that debuted in New York City and will then travel throughout the country. Profiles of the 11 Beautiful Minds plus tips for proactive brain health can be viewed on www.beautiful-minds.com. The website also contains science-based brain health information.
SOURCE: Martek Biosciences Press Release
___________________
Martek Biosciences and the National Center for Creative Aging Introduce New Brain Health Awareness Campaign, 'Beautiful Minds: Finding Your Lifelong Potential'
COLUMBIA, Md., May 27, 2010/ -- Martek Biosciences (Nasdaq: MATK), in partnership with the National Center for Creative Aging today introduced "Beautiful Minds: Finding Your Lifelong Potential," an educational campaign designed to inspire baby boomers to be proactive about brain health.
"Martek has a proud, 25-year heritage in brain health science and research as well as a strong history of supporting health education and outreach," said Steve Dubin, Martek CEO. "We are pleased to partner with the National Center for Creative Aging and announce 'Beautiful Minds: Finding Your Lifelong Potential,' to help change public perceptions about brain health and aging."
Brain health is one of the top health-related concerns of aging populations and has been identified by the Centers for Disease Control as a public health priority. Fifty-five percent of baby boomers fear the loss of mental capacity; in fact, 41 percent fear their brain fitness has decreased during the past 10 years(1). Research demonstrates that lifestyle factors like diet, exercise, and social, mental and intellectual engagement may be important influencers on the aging brain.
"The realization that we may be able to influence our brain health throughout adult life is important as baby boomers move into the second half of their lives," according to Gay Powell Hanna, Ph.D., M.F.A., executive director for the National Center for Creative Aging. "The Beautiful Minds campaign will demonstrate that maintaining a beautiful mind is not a sacrifice, but a way to do more of what you love, longer."
The Science of Brain Health
The Beautiful Minds campaign features a new scientific assessment released today and developed in conjunction with the National Center for Creative Aging. The assessment explores the lifestyle factors that may help to improve overall brain health, including memory performance, and outlines the four dimensions of brain health:
* The Nourished Mind
* The Physically Active Mind
* The Socially Connected Mind
* The Mentally Engaged Mind
Among the key research findings summarized in the assessment is the Memory Improvement with Docosahexaenoic Acid (DHA) Study (MIDAS), published online May 3, 2010, in Alzheimer's and Dementia: The Journal of the Alzheimer's Association. MIDAS is the first large, randomized and placebo-controlled study demonstrating that DHA omega-3 improved memory function in healthy aging adults, providing a benefit roughly equivalent to having the learning and memory skills of someone three years younger.
Beautiful Minds: The Benefits of DHA Omega-3
Despite its importance, most people eating a Western diet do not consume enough DHA. In the MIDAS study, healthy people age 55 and older with memory complaints who took 900 mg algal DHA capsules daily for six months had almost double the reduction in errors on a test that measures learning and memory performance versus those who took a placebo.
The source of DHA used in MIDAS was a vegetarian and sustainable algal DHA manufactured by Martek Biosciences and marketed to consumers under the brand name of life'sDHA(TM). Consumers who are looking for algal DHA supplements that will enable them to easily achieve DHA intake comparable to the amount used in this study can find them at major retailers like Walmart, CVS and Walgreens under the Algal-900 DHA product name.
"The fear of memory loss and losing brain capacity looms large in the minds of boomers," said neurologist and memory expert, Dr. Majid Fotuhi. "But as research demonstrates in a clinical setting, there are some simple things you can do to maintain and even improve your brain health as you age -- like taking 900 mg of algal DHA every day."
Beautiful Minds: Photo Essay Exhibit and Website
To inspire Americans to learn more about brain health, Martek worked in partnership with the National Center for Creative Aging to select 11 "Beautiful Minds." These "Beautiful Minds" are individuals with stories of accomplishment, creativity, and reinvention in the second half of life, who maintain healthy lifestyles that fulfill the four dimensions of brain health: the nourished mind, the physically active mind, the socially connected mind and the mentally engaged mind.
The 11 Beautiful Minds are profiled in a photo essay exhibit that debuted in New York City and will then travel throughout the country. Profiles of the 11 Beautiful Minds plus tips for proactive brain health can be viewed on www.beautiful-minds.com. The website also contains science-based brain health information.
SOURCE: Martek Biosciences Press Release
INDUSTRY/BUSINESS NEWS: U.S.-based Kohl's scouting locations in Canada
The Globe and Mail reports that the U.S.-based retailer Kohl's is scouting Canadian location as a preliminary look at bringing the Company's department stores to Canada. As a symptom of the recession, U.S. department stores have been suffering due to sales being down, and an increasing number of U.S. retailers are looking to Canada as a more optimistic market. If the move does happen, however, it won't be instantaneous - in addition to considering bilingual labeling, new warehouses and the like, Kohl's would have to investigate real estate options. Kohl's draws customers in with low-cost private labels and mid-priced designer lines. With the possibility of another, new mass retailer entering the Canadian market, retailers should be sure to know their niches and be prepared to distinguish themselves from the big box stores.
_______________________
Globe and Mail Update
Marina Strauss Retailing Reporter
U.S.-based Kohl’s is scouting out locations in Canada in a preliminary look at bringing its mid-priced department stores to this country, industry sources say.
In an era of challenged department stores, Kohl’s draws customers with low-cost stylish private labels and exclusive mid-priced designer lines from the likes of Vera Wang.
U.S. retailers, grappling with economically fragile consumers at home, are increasingly turning to Canada for more fertile ground. Some of them, including Kohl’s, had counted on adding new stores in states such as California, Florida and Arizona but those markets were ravaged in the recession. Now clothier J. Crew, discounter Target Corp. and lingerie retailer Victoria’s Secret are among U.S. merchants preparing to take the leap across the border.
Still, the retailers wrestle with the costs of a foray into Canada, including new warehouses, vast distances between cities and bilingual labelling. And they have to find appropriate sites.
“It’s not always an easy market to enter,” said Wendy Evans of retail specialist Evans & Co. Consultants in Toronto.
Kohl’s spokeswoman Vicki Shamion said late Wednesday that the retailer reviews sites in communities nationwide on an ongoing basis, and hasn’t announced plans to open a new store in Canada. “We do not comment on real estate speculation.”
Ms. Evans said the challenges of coming to Canada haven’t stopped Kohl’s – of Menomonee Falls, Wis. – from exploring this market. Canadian retailers have fared better in the downturn than their U.S. counterparts. And they face fewer competitors: Canada has roughly 14 square feet of shopping centre space per capita, compared with about 23 in the United States, according to the International Council of Shopping Centres.
“Why wouldn’t Kohl’s want to be up there?” asked retail analyst John Collory at Briggs-Ficks Securities LLC in Milwaukee, Wis.
Canadian real estate specialists say that Kohl’s is getting a feel of the Canadian landscape.
“They are going to come but it could easily be another couple of years,” said Edward Sonshine, chief executive officer of RioCan Real Estate Investment Trust, whose open-air suburban “power centre” shopping centres would be prime spots for Kohl’s. “It’s still very early days.”
Kohl’s has grown by attracting younger customers with exclusive and private labels, including names such as Dana Buchman and Sonoma. As well, it bulks up on lower-priced lines of well known brands, such as Chaps from Polo Ralph Lauren.
Sales of private and exclusive brands, which make up almost half of Kohl’s sales, grew by double-digit percentages in the first quarter of this year. “The strength in these brands is responsible for the continued market share gains,” said retail analyst Wayne Hood at BMO Capital Markets in Atlanta, Ga.
Kohl’s also led the way in revamping stores to appeal to women, including enlarged fitting rooms, the addition of three-way mirrors and less clutter in the aisles.
With more than 1,000 stores in 49 U.S. states, the company beat analysts’ first-quarter profit estimates with a healthy sales gain of 7.4 per cent at outlets open a year or more. Private labels contributed to better margins; they tend to carry lower marketing and other costs.
But finding the right Canadian real estate can be tricky for American retailers, Mr. Hood said. Existing retailers have strong relationships with their landlords, and breaking into prominent spaces is a challenge – although less so in a weaker economy.
For many U.S. retailers, expanding into Canada is a test for further international expansion. Millard Drexler, chief executive officer of J. Crew, confirmed earlier this year that the company sees the potential for 10 to 15 stores in Canada. Still he’s moving slowly on the file, envisioning potential pitfalls.
Limited Brands Inc. is moving faster in adding Victoria’s Secret and Pink lingerie stores to its current La Senza outlets here. As well, it plans to double its Bath & Body Works stores in Canada by year’s end.
If Kohl’s gives the nod to entering Canada, the retailer would probably map out a significant expansion, Mr. Collory predicted. “It won’t be just one store,” he said. “They’ll want multiple locations.”
______
Kohl’s notes
No. of stores as of May 1: 1,067 in 49 U.S. states
Kohl’s sales in 2009: $17.2-billion (U.S.)
Profit in 2009: $991-million
Kohl’s private and exclusive labels:
2004: 25 per cent of sales
2010: 47 per cent of sales
Examples of exclusive brands:
LC Lauren Conrad, Simply Vera Vera Wang, Dana Buchman
1st-quarter sales:
At Kohl’s outlets open a year or more: Up 7.4 per cent
At Target outlets open a year or more: Up 2.8 per cent
At Sears Canada outlets open a year or more: Down 2 per cent
Staff
SOURCE: Globe and Mail
_______________________
Globe and Mail Update
Marina Strauss Retailing Reporter
U.S.-based Kohl’s is scouting out locations in Canada in a preliminary look at bringing its mid-priced department stores to this country, industry sources say.
In an era of challenged department stores, Kohl’s draws customers with low-cost stylish private labels and exclusive mid-priced designer lines from the likes of Vera Wang.
U.S. retailers, grappling with economically fragile consumers at home, are increasingly turning to Canada for more fertile ground. Some of them, including Kohl’s, had counted on adding new stores in states such as California, Florida and Arizona but those markets were ravaged in the recession. Now clothier J. Crew, discounter Target Corp. and lingerie retailer Victoria’s Secret are among U.S. merchants preparing to take the leap across the border.
Still, the retailers wrestle with the costs of a foray into Canada, including new warehouses, vast distances between cities and bilingual labelling. And they have to find appropriate sites.
“It’s not always an easy market to enter,” said Wendy Evans of retail specialist Evans & Co. Consultants in Toronto.
Kohl’s spokeswoman Vicki Shamion said late Wednesday that the retailer reviews sites in communities nationwide on an ongoing basis, and hasn’t announced plans to open a new store in Canada. “We do not comment on real estate speculation.”
Ms. Evans said the challenges of coming to Canada haven’t stopped Kohl’s – of Menomonee Falls, Wis. – from exploring this market. Canadian retailers have fared better in the downturn than their U.S. counterparts. And they face fewer competitors: Canada has roughly 14 square feet of shopping centre space per capita, compared with about 23 in the United States, according to the International Council of Shopping Centres.
“Why wouldn’t Kohl’s want to be up there?” asked retail analyst John Collory at Briggs-Ficks Securities LLC in Milwaukee, Wis.
Canadian real estate specialists say that Kohl’s is getting a feel of the Canadian landscape.
“They are going to come but it could easily be another couple of years,” said Edward Sonshine, chief executive officer of RioCan Real Estate Investment Trust, whose open-air suburban “power centre” shopping centres would be prime spots for Kohl’s. “It’s still very early days.”
Kohl’s has grown by attracting younger customers with exclusive and private labels, including names such as Dana Buchman and Sonoma. As well, it bulks up on lower-priced lines of well known brands, such as Chaps from Polo Ralph Lauren.
Sales of private and exclusive brands, which make up almost half of Kohl’s sales, grew by double-digit percentages in the first quarter of this year. “The strength in these brands is responsible for the continued market share gains,” said retail analyst Wayne Hood at BMO Capital Markets in Atlanta, Ga.
Kohl’s also led the way in revamping stores to appeal to women, including enlarged fitting rooms, the addition of three-way mirrors and less clutter in the aisles.
With more than 1,000 stores in 49 U.S. states, the company beat analysts’ first-quarter profit estimates with a healthy sales gain of 7.4 per cent at outlets open a year or more. Private labels contributed to better margins; they tend to carry lower marketing and other costs.
But finding the right Canadian real estate can be tricky for American retailers, Mr. Hood said. Existing retailers have strong relationships with their landlords, and breaking into prominent spaces is a challenge – although less so in a weaker economy.
For many U.S. retailers, expanding into Canada is a test for further international expansion. Millard Drexler, chief executive officer of J. Crew, confirmed earlier this year that the company sees the potential for 10 to 15 stores in Canada. Still he’s moving slowly on the file, envisioning potential pitfalls.
Limited Brands Inc. is moving faster in adding Victoria’s Secret and Pink lingerie stores to its current La Senza outlets here. As well, it plans to double its Bath & Body Works stores in Canada by year’s end.
If Kohl’s gives the nod to entering Canada, the retailer would probably map out a significant expansion, Mr. Collory predicted. “It won’t be just one store,” he said. “They’ll want multiple locations.”
______
Kohl’s notes
No. of stores as of May 1: 1,067 in 49 U.S. states
Kohl’s sales in 2009: $17.2-billion (U.S.)
Profit in 2009: $991-million
Kohl’s private and exclusive labels:
2004: 25 per cent of sales
2010: 47 per cent of sales
Examples of exclusive brands:
LC Lauren Conrad, Simply Vera Vera Wang, Dana Buchman
1st-quarter sales:
At Kohl’s outlets open a year or more: Up 7.4 per cent
At Target outlets open a year or more: Up 2.8 per cent
At Sears Canada outlets open a year or more: Down 2 per cent
Staff
SOURCE: Globe and Mail
Wednesday, May 26, 2010
EVENTS NEWS: CORPORATE WELLNESS - June 8, 2010
Innovation Events and Media is delivering a powerful full day event on CORPORATE WELLNESS, Tuesday, June 8th, 2010 at The University of Toronto, Brennan Hall.
CORPORATE WELLNESS
A Powerful Full-Day Event
As we all know, in today’s economic climate, wellness and innovation are key drivers to business success. A motivated and healthy workforce will transform your business and prepare you for future growth.
• Join an intimate group of like-minded professionals from globally and locally recognized companies
• Participate in a dynamic networking luncheon
• Benefit from a results-oriented program of proven techniques on Corporate Well-Being
• Take home a lasting feeling of calm confidence and proactive success, personally and
professionally
• Bring innovation to your workplace and motivation to your job or business
• Grow market leadership in your field
• Brand your company as an innovator, the hottest topic in business today
• Show your customers, employees and the business world how committed you are to corporate wellness, the biggest concern in business today
Register you or your team now – seating is limited.
Date: June 8, 2010, 8:30am to 4:30pm
Location: University of Toronto, St. Michael’s College, Sam Sorbara Auditorium
Fee: $300.00 per individual or $275.00 per person, for groups of 5 or more (plus applicable tax)
For more information, visit: http://innovationmotivation.com/allevents.php
About the facilitator:
Mr. Khalsa is an expert in working with the total being, both personally and professionally. He is a dynamic and compelling speaker, having conducted hundreds of programs, seminars, lectures and keynotes throughout the United States, Europe, Canada, and around the world. As an expert in corporate communication and wellness, he has provided consulting services to corporations helping them to achieve their full potential through a variety of formats such as keynote lectures, motivational speaking, in-service training and executive coaching. Mr. Khalsa is frequently called upon by network TV producers and celebrities, business and spiritual leaders, athletes, doctors and educators, as well as everyday people with problems and questions about personal or professional transformation, stress reduction, self-determination, and achieving and managing success. News entities such as CNN and CNBC have counted on him numerous times for valuable insights into events that take place in the world.
CORPORATE WELLNESS
A Powerful Full-Day Event
As we all know, in today’s economic climate, wellness and innovation are key drivers to business success. A motivated and healthy workforce will transform your business and prepare you for future growth.
• Join an intimate group of like-minded professionals from globally and locally recognized companies
• Participate in a dynamic networking luncheon
• Benefit from a results-oriented program of proven techniques on Corporate Well-Being
• Take home a lasting feeling of calm confidence and proactive success, personally and
professionally
• Bring innovation to your workplace and motivation to your job or business
• Grow market leadership in your field
• Brand your company as an innovator, the hottest topic in business today
• Show your customers, employees and the business world how committed you are to corporate wellness, the biggest concern in business today
Register you or your team now – seating is limited.
Date: June 8, 2010, 8:30am to 4:30pm
Location: University of Toronto, St. Michael’s College, Sam Sorbara Auditorium
Fee: $300.00 per individual or $275.00 per person, for groups of 5 or more (plus applicable tax)
For more information, visit: http://innovationmotivation.com/allevents.php
About the facilitator:
Mr. Khalsa is an expert in working with the total being, both personally and professionally. He is a dynamic and compelling speaker, having conducted hundreds of programs, seminars, lectures and keynotes throughout the United States, Europe, Canada, and around the world. As an expert in corporate communication and wellness, he has provided consulting services to corporations helping them to achieve their full potential through a variety of formats such as keynote lectures, motivational speaking, in-service training and executive coaching. Mr. Khalsa is frequently called upon by network TV producers and celebrities, business and spiritual leaders, athletes, doctors and educators, as well as everyday people with problems and questions about personal or professional transformation, stress reduction, self-determination, and achieving and managing success. News entities such as CNN and CNBC have counted on him numerous times for valuable insights into events that take place in the world.
INDUSTRY BUZZ: Green Cleaner Sales Up 229 Percent
According to Packaged Facts, retail sales of green cleaners grew 229 percent between 2005 and 2009 in the US - more than tripling its share of the total household cleaner market. This is evidence that the green cleaner market in North America, and in Canada, is growing fast. “Emotional-, therapeutic- and sensory-influenced benefits such as family safety, health and wellness, aromatherapy, style and design, and environmental concerns have emerged as important drivers in the segment,” says Don Montuori, publisher of Packaged Facts. “As green marketers better connect their products to these aspects of consumer preference the market will continue to make a transition from niche to mainstream and ultimately approach $2 billion in sales by 2014 based on our expectations.”
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NEW YORK—Packaged Facts estimated retail sales of green cleaners grew 229 percent between 2005 and 2009, more than doubling its footprint in dollar terms and more than tripling its share of the total household cleaner market.
Retail sales of green cleaners in 2009 totaled $557 million—split between $339 million from green household cleaning products and $218 million from green laundry products—to account for 3 percent of the total household and laundry cleaner retail market, according to “‘Green’ Household Cleaning Products in the U.S.: Bathroom Cleaners, Laundry Care and Dish Detergents and Household Cleaners” by market research publisher Packaged Facts.
“Emotional-, therapeutic- and sensory-influenced benefits such as family safety, health and wellness, aromatherapy, style and design, and environmental concerns have emerged as important drivers in the segment,” says Don Montuori, publisher of Packaged Facts. “As green marketers better connect their products to these aspects of consumer preference the market will continue to make a transition from niche to mainstream and ultimately approach $2 billion in sales by 2014 based on our expectations.”
Packaged Facts’ proprietary online green clean consumer usage survey conducted in February 2009 and February 2010 revealed the green household cleaners market is capitalizing to some extent on several opportunities for growth including increased visibility through the media, expanded distribution and retail channels by eco-specific green marketers, and the introduction of mass-marketer brand extensions.
As of February 2010, 42 percent of adult consumers reported having used a natural, organic or ecologically friendly household cleaning/laundry product within the previous 12 months compared to 38 percent of respondents revealed in the February 2009 survey. The 42-percent usage rate for green household cleaners translated to 48 million households. When weighed against the market’s $557 million in sales, the amount spent on green cleaners equates to almost $12 per customer household.
"‘Green’ Household Cleaning Products in the U.S.” examines several factors affecting green household and laundry cleaning product growth. The report includes a detailed sales performance analysis of the major players in the U.S. green household cleaning and laundry products market and is put in context with the overall household cleaner market. An extensive look at marketplace, consumer, and new product trends affecting the industry, including analysis based on Packaged Facts' proprietary consumer survey conducted in February 2010, is also provided.
SOURCE: Packaged Facts, Natural Products Marketplace
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NEW YORK—Packaged Facts estimated retail sales of green cleaners grew 229 percent between 2005 and 2009, more than doubling its footprint in dollar terms and more than tripling its share of the total household cleaner market.
Retail sales of green cleaners in 2009 totaled $557 million—split between $339 million from green household cleaning products and $218 million from green laundry products—to account for 3 percent of the total household and laundry cleaner retail market, according to “‘Green’ Household Cleaning Products in the U.S.: Bathroom Cleaners, Laundry Care and Dish Detergents and Household Cleaners” by market research publisher Packaged Facts.
“Emotional-, therapeutic- and sensory-influenced benefits such as family safety, health and wellness, aromatherapy, style and design, and environmental concerns have emerged as important drivers in the segment,” says Don Montuori, publisher of Packaged Facts. “As green marketers better connect their products to these aspects of consumer preference the market will continue to make a transition from niche to mainstream and ultimately approach $2 billion in sales by 2014 based on our expectations.”
Packaged Facts’ proprietary online green clean consumer usage survey conducted in February 2009 and February 2010 revealed the green household cleaners market is capitalizing to some extent on several opportunities for growth including increased visibility through the media, expanded distribution and retail channels by eco-specific green marketers, and the introduction of mass-marketer brand extensions.
As of February 2010, 42 percent of adult consumers reported having used a natural, organic or ecologically friendly household cleaning/laundry product within the previous 12 months compared to 38 percent of respondents revealed in the February 2009 survey. The 42-percent usage rate for green household cleaners translated to 48 million households. When weighed against the market’s $557 million in sales, the amount spent on green cleaners equates to almost $12 per customer household.
"‘Green’ Household Cleaning Products in the U.S.” examines several factors affecting green household and laundry cleaning product growth. The report includes a detailed sales performance analysis of the major players in the U.S. green household cleaning and laundry products market and is put in context with the overall household cleaner market. An extensive look at marketplace, consumer, and new product trends affecting the industry, including analysis based on Packaged Facts' proprietary consumer survey conducted in February 2010, is also provided.
SOURCE: Packaged Facts, Natural Products Marketplace
INDUSTRY NEWS: Senators Introduce Dietary Supplement Full Implementation and Enforcement Act of 2010
US Senators Tom Harkin and Orrin Hatch have announced new proposed US legislation that would give the FDA more authority to enforce provisions of the Dietary Supplement Health and Education Act (DSHEA) of 1994. The bill includes provisions designed to address issues that have frustrated supplement companies attempting to navigate the intricacies and ambiguities surrounding DSHEA and its enforcement.
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Senators Introduce Dietary Supplement Full Implementation and Enforcement Act of 2010
May 25, 2010
Senators Tom Harkin (D-IA) and Orrin Hatch (R-UT) unveiled new proposed legislation on May 25 that would give the U.S. Food and Drug Administration (FDA) more muscle to effectively enforce longstanding provisions of the Dietary Supplement Health and Education Act (DSHEA) of 1994. The bill asks Congress to give at least $20 million to FDA for DSHEA enforcement.
The bill includes other provisions designed to address issues that have frustrated supplement companies attempting to navigate the intricacies and ambiguities surrounding DSHEA and its enforcement. For example, the bill mandates that FDA provide industry with guidance on existing rules that apply to new ingredients, according to a press release from the American Herbal Products Association (AHPA). In addition, it requires FDA to submit to Congress an annual accountability report including information on the number of dietary supplement manufacturers inspected under FDA’s Good Manufacturing Practice (GMP) regulation, the number of new dietary ingredient (NDI) notifications reviewed, a brief summary of all enforcement actions taken in relation to dietary supplements, and other specific data related to the agency’s regulation of dietary supplements, AHPA reports.
“Such an annual accountability report to Congress will provide a written record of FDA’s continuing regulation of dietary supplements,” said AHPA President Michael McGuffin. “Building a collection of facts and figures related to FDA’s enforcement of DSHEA is key to setting the record straight when it comes to the regulation of this class of goods.”
Like AHPA, the Council for Responsible Nutrition has come out in support of the bill. “DSHEA was enacted to ensure consumers have access to beneficial, high quality supplement products,” Steve Mister, president and CEO, said in a statement. “It also provides an important regulatory framework that safeguards the general public from adulterated, mislabeled or harmful products. Many of the challenges our industry continues to face can be attributed to the lack of enforcement of these basic tenets of DSHEA. CRN believes this legislation will go a long way to demonstrate that DSHEA works and to reinforce the safety, quality and benefit of supplement products to the public.”
The NBJ bottom line: Many players in the dietary supplement industry will view this news with a sigh of relief. The threat of more draconian legislation remains throughout the global supplement industry—witness Europe’s Nutrition and Health Claims Regulation that has effectively shut down the pipeline of new functional ingredients seeking a health claim—but, in the United States, the industry’s champions in Congress are committed to fixing the current law instead of reinventing it. This is a “lesser of all evils” option that will hopefully allow the legitimate supplement companies to differentiate themselves and add credibility across the industry.
SOURCE: Nutrition Business Journal
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Senators Introduce Dietary Supplement Full Implementation and Enforcement Act of 2010
May 25, 2010
Senators Tom Harkin (D-IA) and Orrin Hatch (R-UT) unveiled new proposed legislation on May 25 that would give the U.S. Food and Drug Administration (FDA) more muscle to effectively enforce longstanding provisions of the Dietary Supplement Health and Education Act (DSHEA) of 1994. The bill asks Congress to give at least $20 million to FDA for DSHEA enforcement.
The bill includes other provisions designed to address issues that have frustrated supplement companies attempting to navigate the intricacies and ambiguities surrounding DSHEA and its enforcement. For example, the bill mandates that FDA provide industry with guidance on existing rules that apply to new ingredients, according to a press release from the American Herbal Products Association (AHPA). In addition, it requires FDA to submit to Congress an annual accountability report including information on the number of dietary supplement manufacturers inspected under FDA’s Good Manufacturing Practice (GMP) regulation, the number of new dietary ingredient (NDI) notifications reviewed, a brief summary of all enforcement actions taken in relation to dietary supplements, and other specific data related to the agency’s regulation of dietary supplements, AHPA reports.
“Such an annual accountability report to Congress will provide a written record of FDA’s continuing regulation of dietary supplements,” said AHPA President Michael McGuffin. “Building a collection of facts and figures related to FDA’s enforcement of DSHEA is key to setting the record straight when it comes to the regulation of this class of goods.”
Like AHPA, the Council for Responsible Nutrition has come out in support of the bill. “DSHEA was enacted to ensure consumers have access to beneficial, high quality supplement products,” Steve Mister, president and CEO, said in a statement. “It also provides an important regulatory framework that safeguards the general public from adulterated, mislabeled or harmful products. Many of the challenges our industry continues to face can be attributed to the lack of enforcement of these basic tenets of DSHEA. CRN believes this legislation will go a long way to demonstrate that DSHEA works and to reinforce the safety, quality and benefit of supplement products to the public.”
The NBJ bottom line: Many players in the dietary supplement industry will view this news with a sigh of relief. The threat of more draconian legislation remains throughout the global supplement industry—witness Europe’s Nutrition and Health Claims Regulation that has effectively shut down the pipeline of new functional ingredients seeking a health claim—but, in the United States, the industry’s champions in Congress are committed to fixing the current law instead of reinventing it. This is a “lesser of all evils” option that will hopefully allow the legitimate supplement companies to differentiate themselves and add credibility across the industry.
SOURCE: Nutrition Business Journal
INDUSTRY NEWS: Neptune Awarded Best Product of 2010 Award at 11th Congress of Nutrition and Sante
Neptune Technologies & Bioressources Inc. was awarded the Best Product of 2010 Award during the 11th Congress of Nutrition and Sante in Belgium for the Company's NKO. The process involved an in-depth evaluation of NKO by a scientific committee represented by renowned professors and doctors. The evaluation was based on the efficacy, value of innovation, biochemical composition and clinical studies supporting each product.
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Laval, Québec, CANADA – May 26th, 2010 – Neptune Technologies & Bioressources Inc. (“Neptune”) (NASDAQ.NEPT - TSX.V.NTB) is proud to announce that Neptune Krill Oil (NKO®) was awarded the prize for best product of 2010 during the 11th Congress of “Nutrition & Santé” in Belgium.
Independent Overall Evaluation
Neptune’s client Nutrisan Nutraceuticals applied for this distinctive “Best Product” award, which involved an in-depth evaluation of NKO® by a scientific committee represented by renowned professors and doctors. The evaluation was based on the efficacy, value of innovation, biochemical composition and clinical studies supporting each product. Three finalists were chosen among 29 products and NKO® was awarded the laureate. Nutrisan Nutraceuticals has the right to promote NKO®’s prestigious prize for the following year. “This is yet another outstanding achievement awarded by a respectable independent organization that Neptune is proud of, further distinguishing NKO® from its krill oil competitors” said Dr. Wael Massrieh, Director of R&D at Neptune.
Neptune Shows at Vitafoods
Neptune exhibited at Vitafoods, a Global Nutraceutical Event, which took place from May 18th to 20th, 2010, in Geneva, Switzerland. This event attracts more than 500 exhibitors and 6000 visitors from all over the world in the nutraceutical, cosmeceutical, functional food and functional drinks industries. Unlike the previous five consecutive years that Neptune has been participating at this event, there was a noticeable difference in the awareness of NKO®. “Visitors were no longer asking the recurrent question - what is krill oil?” noted Mrs. Catherine Feuillarade, Executive Director of Nutraceuticals, “but were specifically visiting Neptune’s stand to find out more on NKO® and discuss in depth the multitude of scientific and promotional material highlighting its strengths relative to competing products” she added. By using the intelligent strategy of levelling the “pricing” field, Neptune successfully allowed the driving force behind the demand to be based on the complete portfolio of scientific evidence, intellectual property and expertise and not just price. There was also a marked difference in the profile of the visitors, many of which weredistinguished “big players” in the industry that met with the Neptune team. “We believe that successful partnerships may be developed in the next several months, following this flagship event” said Dr. Massrieh.
SOURCE: Neptune Press Release
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Laval, Québec, CANADA – May 26th, 2010 – Neptune Technologies & Bioressources Inc. (“Neptune”) (NASDAQ.NEPT - TSX.V.NTB) is proud to announce that Neptune Krill Oil (NKO®) was awarded the prize for best product of 2010 during the 11th Congress of “Nutrition & Santé” in Belgium.
Independent Overall Evaluation
Neptune’s client Nutrisan Nutraceuticals applied for this distinctive “Best Product” award, which involved an in-depth evaluation of NKO® by a scientific committee represented by renowned professors and doctors. The evaluation was based on the efficacy, value of innovation, biochemical composition and clinical studies supporting each product. Three finalists were chosen among 29 products and NKO® was awarded the laureate. Nutrisan Nutraceuticals has the right to promote NKO®’s prestigious prize for the following year. “This is yet another outstanding achievement awarded by a respectable independent organization that Neptune is proud of, further distinguishing NKO® from its krill oil competitors” said Dr. Wael Massrieh, Director of R&D at Neptune.
Neptune Shows at Vitafoods
Neptune exhibited at Vitafoods, a Global Nutraceutical Event, which took place from May 18th to 20th, 2010, in Geneva, Switzerland. This event attracts more than 500 exhibitors and 6000 visitors from all over the world in the nutraceutical, cosmeceutical, functional food and functional drinks industries. Unlike the previous five consecutive years that Neptune has been participating at this event, there was a noticeable difference in the awareness of NKO®. “Visitors were no longer asking the recurrent question - what is krill oil?” noted Mrs. Catherine Feuillarade, Executive Director of Nutraceuticals, “but were specifically visiting Neptune’s stand to find out more on NKO® and discuss in depth the multitude of scientific and promotional material highlighting its strengths relative to competing products” she added. By using the intelligent strategy of levelling the “pricing” field, Neptune successfully allowed the driving force behind the demand to be based on the complete portfolio of scientific evidence, intellectual property and expertise and not just price. There was also a marked difference in the profile of the visitors, many of which weredistinguished “big players” in the industry that met with the Neptune team. “We believe that successful partnerships may be developed in the next several months, following this flagship event” said Dr. Massrieh.
SOURCE: Neptune Press Release
Tuesday, May 25, 2010
EVENTS NEWS: CORPORATE WELLNESS - June 8, 2010
Innovation Events and Media is delivering a powerful full day event on CORPORATE WELLNESS, Tuesday, June 8th, 2010 at The University of Toronto, Brennan Hall.
CORPORATE WELLNESS
A Powerful Full-Day Event
As we all know, in today’s economic climate, wellness and innovation are key drivers to business success. A motivated and healthy workforce will transform your business and prepare you for future growth.
• Join an intimate group of like-minded professionals from globally and locally recognized companies
• Participate in a dynamic networking luncheon
• Benefit from a results-oriented program of proven techniques on Corporate Well-Being
• Take home a lasting feeling of calm confidence and proactive success, personally and
professionally
• Bring innovation to your workplace and motivation to your job or business
• Grow market leadership in your field
• Brand your company as an innovator, the hottest topic in business today
• Show your customers, employees and the business world how committed you are to corporate wellness, the biggest concern in business today
Register you or your team now – seating is limited.
Date: June 8, 2010, 8:30am to 4:30pm
Location: University of Toronto, St. Michael’s College, Sam Sorbara Auditorium
Fee: $300.00 per individual or $275.00 per person, for groups of 5 or more (plus applicable tax)
For more information, visit: http://innovationmotivation.com/allevents.php
About the facilitator:
Mr. Khalsa is an expert in working with the total being, both personally and professionally. He is a dynamic and compelling speaker, having conducted hundreds of programs, seminars, lectures and keynotes throughout the United States, Europe, Canada, and around the world. As an expert in corporate communication and wellness, he has provided consulting services to corporations helping them to achieve their full potential through a variety of formats such as keynote lectures, motivational speaking, in-service training and executive coaching. Mr. Khalsa is frequently called upon by network TV producers and celebrities, business and spiritual leaders, athletes, doctors and educators, as well as everyday people with problems and questions about personal or professional transformation, stress reduction, self-determination, and achieving and managing success. News entities such as CNN and CNBC have counted on him numerous times for valuable insights into events that take place in the world.
CORPORATE WELLNESS
A Powerful Full-Day Event
As we all know, in today’s economic climate, wellness and innovation are key drivers to business success. A motivated and healthy workforce will transform your business and prepare you for future growth.
• Join an intimate group of like-minded professionals from globally and locally recognized companies
• Participate in a dynamic networking luncheon
• Benefit from a results-oriented program of proven techniques on Corporate Well-Being
• Take home a lasting feeling of calm confidence and proactive success, personally and
professionally
• Bring innovation to your workplace and motivation to your job or business
• Grow market leadership in your field
• Brand your company as an innovator, the hottest topic in business today
• Show your customers, employees and the business world how committed you are to corporate wellness, the biggest concern in business today
Register you or your team now – seating is limited.
Date: June 8, 2010, 8:30am to 4:30pm
Location: University of Toronto, St. Michael’s College, Sam Sorbara Auditorium
Fee: $300.00 per individual or $275.00 per person, for groups of 5 or more (plus applicable tax)
For more information, visit: http://innovationmotivation.com/allevents.php
About the facilitator:
Mr. Khalsa is an expert in working with the total being, both personally and professionally. He is a dynamic and compelling speaker, having conducted hundreds of programs, seminars, lectures and keynotes throughout the United States, Europe, Canada, and around the world. As an expert in corporate communication and wellness, he has provided consulting services to corporations helping them to achieve their full potential through a variety of formats such as keynote lectures, motivational speaking, in-service training and executive coaching. Mr. Khalsa is frequently called upon by network TV producers and celebrities, business and spiritual leaders, athletes, doctors and educators, as well as everyday people with problems and questions about personal or professional transformation, stress reduction, self-determination, and achieving and managing success. News entities such as CNN and CNBC have counted on him numerous times for valuable insights into events that take place in the world.
BUSINESS NEWS: Consumer Price Index - STATSCAN
Consumer Price Index
April 2010
Consumer prices rose 1.8% in the 12 months to April, following a 1.4% increase in March.
The 12-month change in the Consumer Price Index and the CPI excluding energy
Overall, energy prices rose 9.8% between April 2009 and April 2010, following a 5.8% increase during the 12-month period to March. Excluding energy, the Consumer Price Index (CPI) rose 1.1% compared with a 1.0% increase in March.
Gasoline prices exerted the strongest upward pressure on the all-items CPI for the sixth consecutive month. In April, prices at the pump were 16.3% higher than they were in April 2009. This follows a 17.2% rise in the 12 months to March.
In addition, natural gas prices were no longer exerting significant downward pressure on the CPI. Prices for natural gas were 3.3% higher in April than they were a year earlier. This followed a 22.4% decline in the 12 months to March, and it was the first 12-month increase in natural gas prices in over a year.
Evolution of the natural gas price index since April 2007
Prices for the purchase of passenger vehicles also put upward pressure on the CPI for the fourth consecutive month in April. These prices increased 5.3% following a 3.9% increase in March.
Seasonally adjusted monthly CPI increases
On a seasonally adjusted monthly basis, the CPI rose 0.1% from March to April, after decreasing 0.1% from February to March. April's increase was due mainly to a 0.6% rise in the shelter component. Higher prices for natural gas and homeowner's replacement costs largely accounted for the upward movement within this index.
12-month change: Seven of the eight CPI components rise
Overall, seven of the eight major components of the CPI recorded price increases in the 12 months to April. The exception was clothing and footwear.
Transportation continues to exert the most upward pressure on the Consumer Price Index
Transportation prices, which increased 6.2% in the 12 months to April, exerted the strongest upward pressure on the all-items CPI for the sixth consecutive month. In addition to higher gasoline and passenger vehicle prices, consumers paid 5.6% more for passenger vehicle insurance premiums in April than a year earlier.
Shelter costs rose 0.8% during the 12-month period to April, after declining 0.7% in March. Household utilities, which include electricity, water, natural gas, and fuel oil and other fuels, exerted the most upward pressure on the index. Price increases were also observed for property taxes and homeowner's replacement costs.
On the other hand, the mortgage interest cost index, which measures the change in the interest portion of payments on outstanding mortgage debt, fell 6.1% in April, following a 6.0% decrease in March.
Food prices advanced 1.0%, following a 1.3% increase in March. April's increase was the smallest since March 2008.
Upward pressure on the food index came largely from prices for food purchased from restaurants (+2.3%). Higher prices were also observed for sugar and confectionery and tomatoes. Prices fell for fresh fruit, meat, and bakery and cereal products.
Broad-based advances were observed in the health and personal care component, where prices were up 3.3%.
Prices for household operations, furnishings and equipment increased 1.1%, after a 1.4% increase in the 12 months to March. In April, the upward pressure on this index came primarily from higher prices for communications, other household goods and services, and child care and domestic services.
Prices increased 0.5% in the recreation, education and reading component in the 12 months to April. This follows a 0.7% rise between March 2009 and March 2010.
Prices for clothing and footwear fell 1.1%. The strongest downward pressure in this component came from lower prices for women's, children's, and men's clothing. Prices for women's and men's footwear also recorded small declines.
The provinces
As was the case in the previous three months, the largest year-over-year increases occurred in the four Atlantic provinces. On the other hand, Central Canada and three Western provinces posted higher 12-month price increases in April compared with March.
Higher price increases in Central Canada and three western provinces compared with March
In every province, the most significant upward pressure came from higher gasoline prices.
In Ontario, prices rose 2.2% in the 12 months to April. This was due primarily to higher prices for gasoline, passenger vehicle insurance premiums, and the purchase of passenger vehicles. Also, prices for natural gas increased 3.7% in April, after declining 36.3% in March. April's increase was the first 12-month increase since March 2009.
Prices went up 2.1% in Saskatchewan in the 12 months to April, after increasing 1.1% in March. These higher price increases were attributable mainly to less downward pressure from natural gas prices. Prices for natural gas fell 5.6% in the 12 months to April, following a 26.1% decline in March.
In Alberta, prices rose 1.6%, following a 1.0% increase in March. Upward pressure came mainly from gasoline prices and the cost of purchasing passenger vehicles. In addition, there was less downward pressure from prices for electricity.
Prices in British Columbia rose 1.0% in April compared with the same month last year, after a 0.5% increase in March. This faster increase in April was due mainly to the turnaround in natural gas prices, which rose 7.0% in the 12 months to April compared with an 8.2% drop in March.
The Bank of Canada's core index
The Bank of Canada's core index advanced 1.9% over the 12 months to April, following a 1.7% rise in March. April's increase was due primarily to a rise in prices for the purchase of passenger vehicles, passenger vehicle insurance premiums, property taxes, and food purchased from restaurants.
The seasonally adjusted monthly core index rose 0.2% in April, following a 0.3% decline in March.
For a more detailed analysis, consult the publication The Consumer Price Index.
SOURCE: Statistics Canada
April 2010
Consumer prices rose 1.8% in the 12 months to April, following a 1.4% increase in March.
The 12-month change in the Consumer Price Index and the CPI excluding energy
Overall, energy prices rose 9.8% between April 2009 and April 2010, following a 5.8% increase during the 12-month period to March. Excluding energy, the Consumer Price Index (CPI) rose 1.1% compared with a 1.0% increase in March.
Gasoline prices exerted the strongest upward pressure on the all-items CPI for the sixth consecutive month. In April, prices at the pump were 16.3% higher than they were in April 2009. This follows a 17.2% rise in the 12 months to March.
In addition, natural gas prices were no longer exerting significant downward pressure on the CPI. Prices for natural gas were 3.3% higher in April than they were a year earlier. This followed a 22.4% decline in the 12 months to March, and it was the first 12-month increase in natural gas prices in over a year.
Evolution of the natural gas price index since April 2007
Prices for the purchase of passenger vehicles also put upward pressure on the CPI for the fourth consecutive month in April. These prices increased 5.3% following a 3.9% increase in March.
Seasonally adjusted monthly CPI increases
On a seasonally adjusted monthly basis, the CPI rose 0.1% from March to April, after decreasing 0.1% from February to March. April's increase was due mainly to a 0.6% rise in the shelter component. Higher prices for natural gas and homeowner's replacement costs largely accounted for the upward movement within this index.
12-month change: Seven of the eight CPI components rise
Overall, seven of the eight major components of the CPI recorded price increases in the 12 months to April. The exception was clothing and footwear.
Transportation continues to exert the most upward pressure on the Consumer Price Index
Transportation prices, which increased 6.2% in the 12 months to April, exerted the strongest upward pressure on the all-items CPI for the sixth consecutive month. In addition to higher gasoline and passenger vehicle prices, consumers paid 5.6% more for passenger vehicle insurance premiums in April than a year earlier.
Shelter costs rose 0.8% during the 12-month period to April, after declining 0.7% in March. Household utilities, which include electricity, water, natural gas, and fuel oil and other fuels, exerted the most upward pressure on the index. Price increases were also observed for property taxes and homeowner's replacement costs.
On the other hand, the mortgage interest cost index, which measures the change in the interest portion of payments on outstanding mortgage debt, fell 6.1% in April, following a 6.0% decrease in March.
Food prices advanced 1.0%, following a 1.3% increase in March. April's increase was the smallest since March 2008.
Upward pressure on the food index came largely from prices for food purchased from restaurants (+2.3%). Higher prices were also observed for sugar and confectionery and tomatoes. Prices fell for fresh fruit, meat, and bakery and cereal products.
Broad-based advances were observed in the health and personal care component, where prices were up 3.3%.
Prices for household operations, furnishings and equipment increased 1.1%, after a 1.4% increase in the 12 months to March. In April, the upward pressure on this index came primarily from higher prices for communications, other household goods and services, and child care and domestic services.
Prices increased 0.5% in the recreation, education and reading component in the 12 months to April. This follows a 0.7% rise between March 2009 and March 2010.
Prices for clothing and footwear fell 1.1%. The strongest downward pressure in this component came from lower prices for women's, children's, and men's clothing. Prices for women's and men's footwear also recorded small declines.
The provinces
As was the case in the previous three months, the largest year-over-year increases occurred in the four Atlantic provinces. On the other hand, Central Canada and three Western provinces posted higher 12-month price increases in April compared with March.
Higher price increases in Central Canada and three western provinces compared with March
In every province, the most significant upward pressure came from higher gasoline prices.
In Ontario, prices rose 2.2% in the 12 months to April. This was due primarily to higher prices for gasoline, passenger vehicle insurance premiums, and the purchase of passenger vehicles. Also, prices for natural gas increased 3.7% in April, after declining 36.3% in March. April's increase was the first 12-month increase since March 2009.
Prices went up 2.1% in Saskatchewan in the 12 months to April, after increasing 1.1% in March. These higher price increases were attributable mainly to less downward pressure from natural gas prices. Prices for natural gas fell 5.6% in the 12 months to April, following a 26.1% decline in March.
In Alberta, prices rose 1.6%, following a 1.0% increase in March. Upward pressure came mainly from gasoline prices and the cost of purchasing passenger vehicles. In addition, there was less downward pressure from prices for electricity.
Prices in British Columbia rose 1.0% in April compared with the same month last year, after a 0.5% increase in March. This faster increase in April was due mainly to the turnaround in natural gas prices, which rose 7.0% in the 12 months to April compared with an 8.2% drop in March.
The Bank of Canada's core index
The Bank of Canada's core index advanced 1.9% over the 12 months to April, following a 1.7% rise in March. April's increase was due primarily to a rise in prices for the purchase of passenger vehicles, passenger vehicle insurance premiums, property taxes, and food purchased from restaurants.
The seasonally adjusted monthly core index rose 0.2% in April, following a 0.3% decline in March.
For a more detailed analysis, consult the publication The Consumer Price Index.
SOURCE: Statistics Canada
BUSINESS NEWS: Retail Trade Stats - STATSCAN
Retail trade
March 2010
Retail sales increased for a fourth consecutive month in March, rising 2.1% in current dollars to $37.0 billion. Higher sales at motor vehicle and parts dealers were the main contributor to the gain.
Sales in volume terms increased 2.2% in March. Retail sales have been following an upward trend since the beginning of 2009.
Retail sales rise in March
Sales increased in 8 of 11 retail subsectors in March. The largest contributor to the overall increase was a 3.6% rise at motor vehicle and parts dealers. Within the subsector, the largest increase was a 5.5% rise at other motor vehicle dealers (which sell vehicles such as motor homes, motorcycles and recreational watercraft), followed by a 4.6% gain at automotive parts, accessories and tire stores. Sales rose 3.5% at new car dealers, a second consecutive monthly increase after a period of decline that began in November 2009.
Gasoline stations (+2.3%) registered a sales increase for an 11th consecutive month.
Warmer than usual weather in much of Canada in March likely influenced sales at some types of stores. Sales at building material and garden equipment and supplies dealers increased 6.6%. Strong sales in this store type also benefit from the strength of the Canadian housing market.
Clothing and clothing accessories stores saw their sales increase in March for a fourth consecutive month. The 4.4% rise at this store type was the largest increase since September 2006. Sales rose 9.2% at shoe stores, 3.9% at clothing stores and 2.8% at jewellery, luggage and leather goods stores.
Sales at sporting goods, hobby, book and music stores rose 3.1%. Sales in these store types have risen in three of the previous four months.
Food and beverage stores sales edged down 0.1% in March. Following two months of strong sales at beer, wine and liquor stores, a 4.7% decline in this store type more than offset other increases in this subsector.
Retail sales declined for a second consecutive month at furniture and home furnishing stores, falling 0.9% in March. The past two monthly declines follow seven months of increases.
Sales up in all provinces
Retail sales rose in all provinces in March. Newfoundland and Labrador had the highest growth rate among the provinces in March with a 3.1% rise in sales. This was the third consecutive month where sales were up in the province.
Sales in Quebec (+2.8%) increased for a fifth consecutive month. Sales rose 2.7% in Ontario for a third consecutive monthly increase.
SOURCE: Statistics Canada
March 2010
Retail sales increased for a fourth consecutive month in March, rising 2.1% in current dollars to $37.0 billion. Higher sales at motor vehicle and parts dealers were the main contributor to the gain.
Sales in volume terms increased 2.2% in March. Retail sales have been following an upward trend since the beginning of 2009.
Retail sales rise in March
Sales increased in 8 of 11 retail subsectors in March. The largest contributor to the overall increase was a 3.6% rise at motor vehicle and parts dealers. Within the subsector, the largest increase was a 5.5% rise at other motor vehicle dealers (which sell vehicles such as motor homes, motorcycles and recreational watercraft), followed by a 4.6% gain at automotive parts, accessories and tire stores. Sales rose 3.5% at new car dealers, a second consecutive monthly increase after a period of decline that began in November 2009.
Gasoline stations (+2.3%) registered a sales increase for an 11th consecutive month.
Warmer than usual weather in much of Canada in March likely influenced sales at some types of stores. Sales at building material and garden equipment and supplies dealers increased 6.6%. Strong sales in this store type also benefit from the strength of the Canadian housing market.
Clothing and clothing accessories stores saw their sales increase in March for a fourth consecutive month. The 4.4% rise at this store type was the largest increase since September 2006. Sales rose 9.2% at shoe stores, 3.9% at clothing stores and 2.8% at jewellery, luggage and leather goods stores.
Sales at sporting goods, hobby, book and music stores rose 3.1%. Sales in these store types have risen in three of the previous four months.
Food and beverage stores sales edged down 0.1% in March. Following two months of strong sales at beer, wine and liquor stores, a 4.7% decline in this store type more than offset other increases in this subsector.
Retail sales declined for a second consecutive month at furniture and home furnishing stores, falling 0.9% in March. The past two monthly declines follow seven months of increases.
Sales up in all provinces
Retail sales rose in all provinces in March. Newfoundland and Labrador had the highest growth rate among the provinces in March with a 3.1% rise in sales. This was the third consecutive month where sales were up in the province.
Sales in Quebec (+2.8%) increased for a fifth consecutive month. Sales rose 2.7% in Ontario for a third consecutive monthly increase.
SOURCE: Statistics Canada
INDUSTRY NEWS: Safeway promotes Texas division president
Safeway promotes Texas division president
By Allison Cerra
PLEASANTON, Calif. (May24) California-based retailer Safeway announced the promotion of its Texas division president to its corporate merchandising team.
Tom Schwilke will become corporate perishables president and general manager, reporting to merchandising president Kelly Griffith. Succeeding Schwilke as Texas division president will be Paul McTavish, currently VP retail marketing execution in Safeway’s Denver division.
Schwilke first joined Safeway in 1982 before joining Vons as the company's VP retail operations for six years. He returned to Safeway’s corporate office as group VP produce and floral. Schwilke was promoted to his most recent assignment in Texas in 2008.
Meanwhile, McTavish joined Safeway 37 years ago and has served in his current position since 2005.
“Both Tom and Paul have proven track records of success in a variety of challenging retail and marketing leadership roles,” said Steve Burd, Safeway’s chairman, president and CEO. “We have great confidence in their abilities to lead these large organizations and we look forward to their continued success in their new assignments.”
SOURCE: DrugStore News
By Allison Cerra
PLEASANTON, Calif. (May24) California-based retailer Safeway announced the promotion of its Texas division president to its corporate merchandising team.
Tom Schwilke will become corporate perishables president and general manager, reporting to merchandising president Kelly Griffith. Succeeding Schwilke as Texas division president will be Paul McTavish, currently VP retail marketing execution in Safeway’s Denver division.
Schwilke first joined Safeway in 1982 before joining Vons as the company's VP retail operations for six years. He returned to Safeway’s corporate office as group VP produce and floral. Schwilke was promoted to his most recent assignment in Texas in 2008.
Meanwhile, McTavish joined Safeway 37 years ago and has served in his current position since 2005.
“Both Tom and Paul have proven track records of success in a variety of challenging retail and marketing leadership roles,” said Steve Burd, Safeway’s chairman, president and CEO. “We have great confidence in their abilities to lead these large organizations and we look forward to their continued success in their new assignments.”
SOURCE: DrugStore News
Thursday, May 20, 2010
EVENTS NEWS: CORPORATE WELLNESS - June 8, 2010
Innovation Events and Media is delivering a powerful full day event on CORPORATE WELLNESS, Tuesday, June 8th, 2010 at The University of Toronto, Brennan Hall.
CORPORATE WELLNESS
A Powerful Full-Day Event
As we all know, in today’s economic climate, wellness and innovation are key drivers to business success. A motivated and healthy workforce will transform your business and prepare you for future growth.
• Join an intimate group of like-minded professionals from globally and locally recognized companies
• Participate in a dynamic networking luncheon
• Benefit from a results-oriented program of proven techniques on Corporate Well-Being
• Take home a lasting feeling of calm confidence and proactive success, personally and
professionally
• Bring innovation to your workplace and motivation to your job or business
• Grow market leadership in your field
• Brand your company as an innovator, the hottest topic in business today
• Show your customers, employees and the business world how committed you are to corporate wellness, the biggest concern in business today
Register you or your team now – seating is limited.
Date: June 8, 2010, 8:30am to 4:30pm
Location: University of Toronto, St. Michael’s College, Sam Sorbara Auditorium
Fee: $300.00 per individual or $275.00 per person, for groups of 5 or more (plus applicable tax)
For more information, visit: http://innovationmotivation.com/allevents.php
About the facilitator:
Mr. Khalsa is an expert in working with the total being, both personally and professionally. He is a dynamic and compelling speaker, having conducted hundreds of programs, seminars, lectures and keynotes throughout the United States, Europe, Canada, and around the world. As an expert in corporate communication and wellness, he has provided consulting services to corporations helping them to achieve their full potential through a variety of formats such as keynote lectures, motivational speaking, in-service training and executive coaching. Mr. Khalsa is frequently called upon by network TV producers and celebrities, business and spiritual leaders, athletes, doctors and educators, as well as everyday people with problems and questions about personal or professional transformation, stress reduction, self-determination, and achieving and managing success. News entities such as CNN and CNBC have counted on him numerous times for valuable insights into events that take place in the world.
CORPORATE WELLNESS
A Powerful Full-Day Event
As we all know, in today’s economic climate, wellness and innovation are key drivers to business success. A motivated and healthy workforce will transform your business and prepare you for future growth.
• Join an intimate group of like-minded professionals from globally and locally recognized companies
• Participate in a dynamic networking luncheon
• Benefit from a results-oriented program of proven techniques on Corporate Well-Being
• Take home a lasting feeling of calm confidence and proactive success, personally and
professionally
• Bring innovation to your workplace and motivation to your job or business
• Grow market leadership in your field
• Brand your company as an innovator, the hottest topic in business today
• Show your customers, employees and the business world how committed you are to corporate wellness, the biggest concern in business today
Register you or your team now – seating is limited.
Date: June 8, 2010, 8:30am to 4:30pm
Location: University of Toronto, St. Michael’s College, Sam Sorbara Auditorium
Fee: $300.00 per individual or $275.00 per person, for groups of 5 or more (plus applicable tax)
For more information, visit: http://innovationmotivation.com/allevents.php
About the facilitator:
Mr. Khalsa is an expert in working with the total being, both personally and professionally. He is a dynamic and compelling speaker, having conducted hundreds of programs, seminars, lectures and keynotes throughout the United States, Europe, Canada, and around the world. As an expert in corporate communication and wellness, he has provided consulting services to corporations helping them to achieve their full potential through a variety of formats such as keynote lectures, motivational speaking, in-service training and executive coaching. Mr. Khalsa is frequently called upon by network TV producers and celebrities, business and spiritual leaders, athletes, doctors and educators, as well as everyday people with problems and questions about personal or professional transformation, stress reduction, self-determination, and achieving and managing success. News entities such as CNN and CNBC have counted on him numerous times for valuable insights into events that take place in the world.
INDUSTRY NEWS: Shoppers Drug Mart, Sony enter merchandising agreement
Shoppers Drug Mart has signed a deal with Sony to revitalize the Canada-based drug store chain's service centers. The agreement will introduce approximately 50 Sony products in approximately 700 Shoppers Drug Mart and Pharmaprix stores across the country.
__________________________
Shoppers Drug Mart, Sony enter merchandising agreement
By Allison Cerra
TORONTO Shoppers Drug Mart has inked a deal with Sony to revitalize the Canada-based drug store chain's service centers.
The agreement with Sony will result in the introduction of approximately 50 Sony products to the cmpany’s offering of consumer electronics, games and accessories in approximately 700 Shoppers Drug Mart and Pharmaprix stores across the country. New products include Sony’s popular video game systems such as the PlayStation3 and PlayStation Portable, as well as an assortment of PlayStation games, accessories and peripherals.
The rollout will begin this fall.
“This agreement with Sony, coupled with the recent announcement of our distribution arrangement with Rogers, brings together leading brands and serves to further strengthen our value proposition and optimize the service center in our stores,” said Jurgen Schreiber, president and CEO of Shoppers Drug Mart. “Our customers have responded very favorably to our current assortment of consumer electronics and entertainment products. Enhancing our product assortment with popular Sony items will provide our customers with even greater choice and convenience in this growing category.”
SOURCE: Drug Store News
__________________________
Shoppers Drug Mart, Sony enter merchandising agreement
By Allison Cerra
TORONTO Shoppers Drug Mart has inked a deal with Sony to revitalize the Canada-based drug store chain's service centers.
The agreement with Sony will result in the introduction of approximately 50 Sony products to the cmpany’s offering of consumer electronics, games and accessories in approximately 700 Shoppers Drug Mart and Pharmaprix stores across the country. New products include Sony’s popular video game systems such as the PlayStation3 and PlayStation Portable, as well as an assortment of PlayStation games, accessories and peripherals.
The rollout will begin this fall.
“This agreement with Sony, coupled with the recent announcement of our distribution arrangement with Rogers, brings together leading brands and serves to further strengthen our value proposition and optimize the service center in our stores,” said Jurgen Schreiber, president and CEO of Shoppers Drug Mart. “Our customers have responded very favorably to our current assortment of consumer electronics and entertainment products. Enhancing our product assortment with popular Sony items will provide our customers with even greater choice and convenience in this growing category.”
SOURCE: Drug Store News
INDUSTRY NEWS: Matrixx Initiatives, Inc. Names Vice President of Finance and Accounting, and Treasurer
Matrixx Initiatives, Inc. Names William J. Barba Vice President of Finance and Accounting, and Treasurer
SCOTTSDALE, Ariz. /PRNewswire via COMTEX News Network/ -- Matrixx Initiatives, Inc. (Nasdaq: MTXX), an over-the-counter healthcare company that develops and markets Zicam(R) products, today announced that Matrixx's Board of Directors has named William J. Barba as Vice President of Finance and Accounting, and Treasurer effective May 6, 2010.
Mr. Barba served as the Company's Treasurer and Director of Planning, since July 2007. Bill, 38, joined the Company in February 2004 in a finance and investor relations role. He assumed additional responsibilities as Director of Planning and Administration in 2006. Prior to joining Matrixx, he held a variety of financial management positions with Mesa Air Group, Honeywell Intellectual Properties, Avnet, and MicroAge.
SOURCE: Matrixx Press Release
SCOTTSDALE, Ariz. /PRNewswire via COMTEX News Network/ -- Matrixx Initiatives, Inc. (Nasdaq: MTXX), an over-the-counter healthcare company that develops and markets Zicam(R) products, today announced that Matrixx's Board of Directors has named William J. Barba as Vice President of Finance and Accounting, and Treasurer effective May 6, 2010.
Mr. Barba served as the Company's Treasurer and Director of Planning, since July 2007. Bill, 38, joined the Company in February 2004 in a finance and investor relations role. He assumed additional responsibilities as Director of Planning and Administration in 2006. Prior to joining Matrixx, he held a variety of financial management positions with Mesa Air Group, Honeywell Intellectual Properties, Avnet, and MicroAge.
SOURCE: Matrixx Press Release
INDUSTRY NEWS: Metro adopts a sustainable fisheries policy for seafood products sold in its stores
Metro adopts a sustainable fisheries policy for seafood products sold in its stores
MONTREAL, May 20 /CNW Telbec/ - Metro Inc. announced today that it has adopted a policy with a view to offer its customers fresh and frozen wild and farmed seafood products from sustainable fisheries. This policy will be gradually implemented starting in September 2010, and will be in effect in all its supermarkets and discount stores across Quebec and Ontario by June 2011.
"Metro acknowledges that sustainable fisheries and the preservation of natural resources are vital for future generations. The adoption of a sustainable fisheries policy is consistent with our corporate responsibility approach," declared Robert Sawyer, Executive Vice-President and Chief Operating Officer, Metro Inc. "This initiative is proof that we want to go beyond the role of distributor and become an actor in sustainable development."
Starting in September 2010, Metro will stop selling a number of threatened species and will change its product labelling. Metro will train store employees to prepare them to answer customers' questions regarding sustainable fisheries products. Metro will also rely on labelling and practical advice to inform its customers and raise their awareness.
Objective analysis
To ensure its decisions are based on objective analysis of fished species, Metro has developed a balanced policy that first takes into account official scientific opinions, but also the points of view of all stakeholders, including governments, NGOs and suppliers.
Moreover, to add credence to its analysis of the issues related to sustainable fisheries, Metro has consulted renowned independent experts, including Jean-Claude Brêthes, professor at the Institut des sciences de la mer of the Université du Québec à Rimouski. "In any decision related to sustainable fisheries, it is important to rely on peer-reviewed scientific information, as is the case with MSC certification or the official scientific reports published by the Department of Fisheries and Oceans Canada, as this provides the assurance of solid data," states Mr. Brêthes.
Four core criteria
Metro's sustainable fisheries policy consists in four supply criteria:
1. Procurement will be limited to species and fishing areas whose
renewal is ensured given their individual stocks and catch rates.
2. Fisheries and aquafarms supplying Metro must prove that they use
sustainable fishing methods.
3. The supply chain from the fishing area to the consumer must be
documented to allow for informative and transparent labelling.
4. Metro's decisions will take into account local economic issues.
All Metro suppliers will have to sign a code of conduct attesting to their commitment.
"In trying to constantly improve, we are committing to updating our species-specific diagnosis, based on the latest facts and scientific reports. We will favour suppliers who make tangible progress toward the sustainable management of their activities, and who will encourage recognized standards such as the Marine Stewardship Council (MSC). We will also continue to work with independent experts," specified Mr. Sawyer.
By no longer selling threatened species, Metro hopes to help the recovery of fish stocks and the conservation of ocean diversity. The Company will report on regular basis on its commitment.
SOURCE: CNW Newswire
MONTREAL, May 20 /CNW Telbec/ - Metro Inc. announced today that it has adopted a policy with a view to offer its customers fresh and frozen wild and farmed seafood products from sustainable fisheries. This policy will be gradually implemented starting in September 2010, and will be in effect in all its supermarkets and discount stores across Quebec and Ontario by June 2011.
"Metro acknowledges that sustainable fisheries and the preservation of natural resources are vital for future generations. The adoption of a sustainable fisheries policy is consistent with our corporate responsibility approach," declared Robert Sawyer, Executive Vice-President and Chief Operating Officer, Metro Inc. "This initiative is proof that we want to go beyond the role of distributor and become an actor in sustainable development."
Starting in September 2010, Metro will stop selling a number of threatened species and will change its product labelling. Metro will train store employees to prepare them to answer customers' questions regarding sustainable fisheries products. Metro will also rely on labelling and practical advice to inform its customers and raise their awareness.
Objective analysis
To ensure its decisions are based on objective analysis of fished species, Metro has developed a balanced policy that first takes into account official scientific opinions, but also the points of view of all stakeholders, including governments, NGOs and suppliers.
Moreover, to add credence to its analysis of the issues related to sustainable fisheries, Metro has consulted renowned independent experts, including Jean-Claude Brêthes, professor at the Institut des sciences de la mer of the Université du Québec à Rimouski. "In any decision related to sustainable fisheries, it is important to rely on peer-reviewed scientific information, as is the case with MSC certification or the official scientific reports published by the Department of Fisheries and Oceans Canada, as this provides the assurance of solid data," states Mr. Brêthes.
Four core criteria
Metro's sustainable fisheries policy consists in four supply criteria:
1. Procurement will be limited to species and fishing areas whose
renewal is ensured given their individual stocks and catch rates.
2. Fisheries and aquafarms supplying Metro must prove that they use
sustainable fishing methods.
3. The supply chain from the fishing area to the consumer must be
documented to allow for informative and transparent labelling.
4. Metro's decisions will take into account local economic issues.
All Metro suppliers will have to sign a code of conduct attesting to their commitment.
"In trying to constantly improve, we are committing to updating our species-specific diagnosis, based on the latest facts and scientific reports. We will favour suppliers who make tangible progress toward the sustainable management of their activities, and who will encourage recognized standards such as the Marine Stewardship Council (MSC). We will also continue to work with independent experts," specified Mr. Sawyer.
By no longer selling threatened species, Metro hopes to help the recovery of fish stocks and the conservation of ocean diversity. The Company will report on regular basis on its commitment.
SOURCE: CNW Newswire
BUSINESS NEWS: SunOpta Inc. Receives Canadian and U.S. Court Approval to Settle Previously Filed Class Actions
SunOpta Inc. Receives Canadian and U.S. Court Approval to Settle Previously Filed Class Actions
TORONTO (GLOBE NEWSWIRE) -- SunOpta Inc. ("SunOpta" or the "Company") (Nasdaq:STKL) (TSX:SOY) today announced that both the Ontario Superior Court of Justice and the United States District Court for the Southern District of New York have approved its agreement to settle all claims raised in class action proceedings previously announced arising from the Company's restatement of interim financial results for the first three quarters of 2007 (the "Class Actions"). The Class Actions were filed against the Company and other named defendants on behalf of shareholders who purchased or otherwise acquired SunOpta securities from February 23, 2007 to January 27, 2008 inclusive ("Class Members"). The settlement is expected to become effective on June 17, 2010, upon the expiry of the period for filing any appeals.
In return for the dismissal of the Class Actions and releases from Class Members of settled claims against the Company and the remaining named defendants, the settlement agreement provides for a total cash contribution of US $11.25 million (funded entirely by the Company's insurer) to a settlement fund and the adoption of certain corporate governance enhancements by the Company. The corporate governance enhancements include certain amendments to the Company's Audit Committee Charter and Internal Audit Charter and the adoption of an enhanced Information Technology Conversion Policy.
The settlement agreement contains no admission of wrongdoing by SunOpta or any of the other named defendants and the Company and the other named defendants expressly deny any liability or wrongdoing in the agreement.
SOURCE: SunOpta Press Release
TORONTO (GLOBE NEWSWIRE) -- SunOpta Inc. ("SunOpta" or the "Company") (Nasdaq:STKL) (TSX:SOY) today announced that both the Ontario Superior Court of Justice and the United States District Court for the Southern District of New York have approved its agreement to settle all claims raised in class action proceedings previously announced arising from the Company's restatement of interim financial results for the first three quarters of 2007 (the "Class Actions"). The Class Actions were filed against the Company and other named defendants on behalf of shareholders who purchased or otherwise acquired SunOpta securities from February 23, 2007 to January 27, 2008 inclusive ("Class Members"). The settlement is expected to become effective on June 17, 2010, upon the expiry of the period for filing any appeals.
In return for the dismissal of the Class Actions and releases from Class Members of settled claims against the Company and the remaining named defendants, the settlement agreement provides for a total cash contribution of US $11.25 million (funded entirely by the Company's insurer) to a settlement fund and the adoption of certain corporate governance enhancements by the Company. The corporate governance enhancements include certain amendments to the Company's Audit Committee Charter and Internal Audit Charter and the adoption of an enhanced Information Technology Conversion Policy.
The settlement agreement contains no admission of wrongdoing by SunOpta or any of the other named defendants and the Company and the other named defendants expressly deny any liability or wrongdoing in the agreement.
SOURCE: SunOpta Press Release
Wednesday, May 19, 2010
EVENTS NEWS: CORPORATE WELLNESS - June 8, 2010
Innovation Events and Media is delivering a powerful full day event on CORPORATE WELLNESS, Tuesday, June 8th, 2010 at The University of Toronto, Brennan Hall.
CORPORATE WELLNESS
A Powerful Full-Day Event
As we all know, in today’s economic climate, wellness and innovation are key drivers to business success. A motivated and healthy workforce will transform your business and prepare you for future growth.
• Join an intimate group of like-minded professionals from globally and locally recognized companies
• Participate in a dynamic networking luncheon
• Benefit from a results-oriented program of proven techniques on Corporate Well-Being
• Take home a lasting feeling of calm confidence and proactive success, personally and
professionally
• Bring innovation to your workplace and motivation to your job or business
• Grow market leadership in your field
• Brand your company as an innovator, the hottest topic in business today
• Show your customers, employees and the business world how committed you are to corporate wellness, the biggest concern in business today
Register you or your team now – seating is limited.
Date: June 8, 2010, 8:30am to 4:30pm
Location: University of Toronto, St. Michael’s College, Sam Sorbara Auditorium
Fee: $300.00 per individual or $275.00 per person, for groups of 5 or more (plus applicable tax)
For more information, visit: http://innovationmotivation.com/allevents.php
About the facilitator:
Mr. Khalsa is an expert in working with the total being, both personally and professionally. He is a dynamic and compelling speaker, having conducted hundreds of programs, seminars, lectures and keynotes throughout the United States, Europe, Canada, and around the world. As an expert in corporate communication and wellness, he has provided consulting services to corporations helping them to achieve their full potential through a variety of formats such as keynote lectures, motivational speaking, in-service training and executive coaching. Mr. Khalsa is frequently called upon by network TV producers and celebrities, business and spiritual leaders, athletes, doctors and educators, as well as everyday people with problems and questions about personal or professional transformation, stress reduction, self-determination, and achieving and managing success. News entities such as CNN and CNBC have counted on him numerous times for valuable insights into events that take place in the world.
CORPORATE WELLNESS
A Powerful Full-Day Event
As we all know, in today’s economic climate, wellness and innovation are key drivers to business success. A motivated and healthy workforce will transform your business and prepare you for future growth.
• Join an intimate group of like-minded professionals from globally and locally recognized companies
• Participate in a dynamic networking luncheon
• Benefit from a results-oriented program of proven techniques on Corporate Well-Being
• Take home a lasting feeling of calm confidence and proactive success, personally and
professionally
• Bring innovation to your workplace and motivation to your job or business
• Grow market leadership in your field
• Brand your company as an innovator, the hottest topic in business today
• Show your customers, employees and the business world how committed you are to corporate wellness, the biggest concern in business today
Register you or your team now – seating is limited.
Date: June 8, 2010, 8:30am to 4:30pm
Location: University of Toronto, St. Michael’s College, Sam Sorbara Auditorium
Fee: $300.00 per individual or $275.00 per person, for groups of 5 or more (plus applicable tax)
For more information, visit: http://innovationmotivation.com/allevents.php
About the facilitator:
Mr. Khalsa is an expert in working with the total being, both personally and professionally. He is a dynamic and compelling speaker, having conducted hundreds of programs, seminars, lectures and keynotes throughout the United States, Europe, Canada, and around the world. As an expert in corporate communication and wellness, he has provided consulting services to corporations helping them to achieve their full potential through a variety of formats such as keynote lectures, motivational speaking, in-service training and executive coaching. Mr. Khalsa is frequently called upon by network TV producers and celebrities, business and spiritual leaders, athletes, doctors and educators, as well as everyday people with problems and questions about personal or professional transformation, stress reduction, self-determination, and achieving and managing success. News entities such as CNN and CNBC have counted on him numerous times for valuable insights into events that take place in the world.
INDUSTRY NEWS: Sobeys Launches New Private Label Line
According to research commissioned by Sobey's (conducted by Harris/Deciman), private label products are gaining in popularity with Canadians. In response to these findings, Sobey's has launched a new lowest-price private label line called Signal.
This isn't the first body of research to show that Canadians are looking for private label when doing their shopping. For more on the Private Label Perception, check out the next issue of ihr magazine.
______________________
Sobeys sends a 'Signal' that summer is almost here
New survey shows Canadians are ready to spend less and enjoy more this summer
MISSISSAUGA, ON /CNW/ - Summer and savings are in the air this Victoria Day weekend with the introduction of Sobeys' new lowest price private label line Signal, which is helping consumers with the pre-season clean up and stock up as they get ready for the warmer days ahead.
New research commissioned by Sobeys and conducted by Harris/Decima shows that private label products are gaining significant traction with Canadians. Almost 90 per cent of Canadian consumers purchase private label products and 58 per cent said in most cases, private label products were less expensive and offered their families more value.
"Signal offers our lowest prices on shelf for everyday essentials across all of the key food, household and cleaning product lines," said Belinda Youngs, Chief Marketing Officer for Sobeys Inc. "We're pleased to provide Canadians with a line of budget-friendly products allowing them to channel their savings toward the joys of the summer."
The Signal line is currently being introduced into Sobeys stores across Canada and will include pantry basics like fruit jams, maple syrup, beef burgers and hot dog buns, perfect for large family breakfasts and barbeque cookouts. Household products like plastic cutlery, light bulbs, jumbo paper towels and napkins offer all the essentials you need to make summer a breeze - for the home, great outdoors or the cottage.
SOURCE: CNW Newswire
This isn't the first body of research to show that Canadians are looking for private label when doing their shopping. For more on the Private Label Perception, check out the next issue of ihr magazine.
______________________
Sobeys sends a 'Signal' that summer is almost here
New survey shows Canadians are ready to spend less and enjoy more this summer
MISSISSAUGA, ON /CNW/ - Summer and savings are in the air this Victoria Day weekend with the introduction of Sobeys' new lowest price private label line Signal, which is helping consumers with the pre-season clean up and stock up as they get ready for the warmer days ahead.
New research commissioned by Sobeys and conducted by Harris/Decima shows that private label products are gaining significant traction with Canadians. Almost 90 per cent of Canadian consumers purchase private label products and 58 per cent said in most cases, private label products were less expensive and offered their families more value.
"Signal offers our lowest prices on shelf for everyday essentials across all of the key food, household and cleaning product lines," said Belinda Youngs, Chief Marketing Officer for Sobeys Inc. "We're pleased to provide Canadians with a line of budget-friendly products allowing them to channel their savings toward the joys of the summer."
The Signal line is currently being introduced into Sobeys stores across Canada and will include pantry basics like fruit jams, maple syrup, beef burgers and hot dog buns, perfect for large family breakfasts and barbeque cookouts. Household products like plastic cutlery, light bulbs, jumbo paper towels and napkins offer all the essentials you need to make summer a breeze - for the home, great outdoors or the cottage.
SOURCE: CNW Newswire
GLOBAL NEWS: FRANCE: Paris intervenes on retailer margins
Following talks with President Sarkozy, France's major food retailers, which include Carrefour, Leclerc and Auchan, have agreed to exercise margin restraint during periods of crisis in fruit and vegetable production. This means that in a time of "proven market crisis", when the price paid to producers is significantly lower to the average of previous years, retailers will not increase their gross margin on the product in question. Sarkozy has threatened retailers with a commercial tax for failing to support this initiative.
Is this a fair deal? As a retailer, what's your opinion on the treatment of this issue in France versus North America and Canada?
______________________
FRANCE: Paris intervenes on retailer margins
By: Stuart Todd | 18 May 2010
Sarkozy called retail margin hikes "unacceptable"
France’s major food retailers - including Carrefour, Leclerc and Auchan - have agreed to exercise margin restraint during periods of crisis in fruit and vegetable production, following talks with President Sarkozy.
The agreement stipulates that that in time of “proven market crisis”, when the price paid to producers is significantly inferior to the average of previous years, retailers will not increase their gross margin on the product in question.
Sarkozy highlighted the crisis in tomato production when producer prices had fallen at a greater rate than consumer prices, meaning retailer gross margins had increased.
“This is simply not acceptable,” Sarkozy insisted yesterday.
Sarkozy had threatened retailers with an increase in a tax on commercial space in the event of them refusing to support the initiative.
Commenting on the agreement, the head of Leclerc, Michel-Edouard Leclerc, said: “My initial reaction to the way this was set up was one of irritation but I now believe this a good measure, given additional credibility by its restraining and collective aspects.”
Meanwhile, the president of French farmers federation, the FNSEA, Jean-Michel Lemétayer, said the agreement would probably benefit consumers more than producers.
“If we really want to secure farmers’ revenues, including those in the fruit and vegetables sector, commercial relations with their major customers have to be put on to a contractual footing and provision is made for this in a government bill on the future of French agricultural sector.”
SOURCE: just-food.com
Is this a fair deal? As a retailer, what's your opinion on the treatment of this issue in France versus North America and Canada?
______________________
FRANCE: Paris intervenes on retailer margins
By: Stuart Todd | 18 May 2010
Sarkozy called retail margin hikes "unacceptable"
France’s major food retailers - including Carrefour, Leclerc and Auchan - have agreed to exercise margin restraint during periods of crisis in fruit and vegetable production, following talks with President Sarkozy.
The agreement stipulates that that in time of “proven market crisis”, when the price paid to producers is significantly inferior to the average of previous years, retailers will not increase their gross margin on the product in question.
Sarkozy highlighted the crisis in tomato production when producer prices had fallen at a greater rate than consumer prices, meaning retailer gross margins had increased.
“This is simply not acceptable,” Sarkozy insisted yesterday.
Sarkozy had threatened retailers with an increase in a tax on commercial space in the event of them refusing to support the initiative.
Commenting on the agreement, the head of Leclerc, Michel-Edouard Leclerc, said: “My initial reaction to the way this was set up was one of irritation but I now believe this a good measure, given additional credibility by its restraining and collective aspects.”
Meanwhile, the president of French farmers federation, the FNSEA, Jean-Michel Lemétayer, said the agreement would probably benefit consumers more than producers.
“If we really want to secure farmers’ revenues, including those in the fruit and vegetables sector, commercial relations with their major customers have to be put on to a contractual footing and provision is made for this in a government bill on the future of French agricultural sector.”
SOURCE: just-food.com
INDUSTRY NEWS: Sangster's Opens a New Store in Edmonton, Alberta
Sangster's Health Centres has expanded its operations by opening another store in Edmonton - the seventh in the city, and the 45th store in Canada. The new franchise location is in Edmonton's Rutherford Professional Centre.
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Sangster's Opens a New Store in Edmonton, Alberta
SASKATOON, SK /CNW/ - Sangster's Health Centres, Canada's longest running health and nutrition franchise announced today that it has again expanded its operations to include another new store in Edmonton, it's 7th in the city - and 45th across the country.
Located in Edmonton's Rutherford Professional Centre, this new franchise location is owned by Jeff Poshner, who stated "It's exciting to work with a company with such a rich history of bringing natural health alternatives to the Canadian public. I look forward to helping southwest Edmonton make health a habit".
Positioned as "the natural choice for health", Sangster's products include exclusive blended vitamins, herbs, sports nutrition, food, and natural body care. Many of the products carried are organic and they sell over 340 exclusive Sangster's Brand items plus thousands of other popular national products as well. All products that they manufacture are exclusive to the Sangster's Brand, and are of the highest calibre.
Sangster's VP of Sales and Marketing, Wanda Wilson said, "More and more people are looking for natural solutions to their health questions. We are proud to announce the opening of our Rutherford Mall store and excited to be able to provide this community with natural health products that work."
SOURCE: CNW Newswire
________________________
Sangster's Opens a New Store in Edmonton, Alberta
SASKATOON, SK /CNW/ - Sangster's Health Centres, Canada's longest running health and nutrition franchise announced today that it has again expanded its operations to include another new store in Edmonton, it's 7th in the city - and 45th across the country.
Located in Edmonton's Rutherford Professional Centre, this new franchise location is owned by Jeff Poshner, who stated "It's exciting to work with a company with such a rich history of bringing natural health alternatives to the Canadian public. I look forward to helping southwest Edmonton make health a habit".
Positioned as "the natural choice for health", Sangster's products include exclusive blended vitamins, herbs, sports nutrition, food, and natural body care. Many of the products carried are organic and they sell over 340 exclusive Sangster's Brand items plus thousands of other popular national products as well. All products that they manufacture are exclusive to the Sangster's Brand, and are of the highest calibre.
Sangster's VP of Sales and Marketing, Wanda Wilson said, "More and more people are looking for natural solutions to their health questions. We are proud to announce the opening of our Rutherford Mall store and excited to be able to provide this community with natural health products that work."
SOURCE: CNW Newswire
Tuesday, May 18, 2010
INDUSTRY/RESEARCH NEWS: Online beauty market poised to explode with the help of Baby Boomers
According to a recent Beauty Retailing report from Mintel, the female Baby Boomer population is becoming increasingly web savvy, and with this comes a greater market for digital retailing and online beauty sites. Retailers, take note - one in ten respondents to a recent Mintel survey reported using some type of online retailer to purchase cosmetics and skin care aids. Update your website with a list of your natural personal care and beauty products. Consumers - particularly women - who are looking online to see what's available will be looking for local retailers who carry the products they seek - make sure your customers know you're out there!
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Source: Mintel Oxygen Reports
Online beauty market poised to explode with the help of Baby Boomers
Mintel’s recent Beauty Retailing report reveals that the female Baby Boomer population is more web-savvy than ever, and they could be wielding their digital dollars at online beauty sites if retailers play their cards right.
One in ten respondents to a recent Mintel survey report using some type of online retailer to purchase cosmetics and skin care aids, and the female Boomer population is expected to increase by 30.9% from 2005-2015.
“Female Baby Boomers are one of the largest beauty care segments, known for their spending power, proactive health habits and dedication to product research,” says Kat Fay, senior analyst at Mintel. “In fact, these women spend 13 or more hours online a week, making the online market a powerful resource if retailers can get Boomers to log on.”
When looking strictly at online sales, 8% of those surveyed visit mass merchandiser sites for beauty products, 8% order from Wal-Mart.com, 8% order from Target.com, 5% patronize drugstore sites like CVS or Walgreens and 8% visit other unnamed online retailers.
The creativity of online beauty retailers has also contributed to the continued growth of the Internet market. “Innovations like virtual makeovers, new product Tweets and online-only sweepstakes draw in consumers and provide them with benefits and discounts they can’t find in an actual brick-and-mortar store,” Fay notes.
Forty-seven percent of survey respondents reported that they prefer to be left alone when shopping for cosmetics, which suggest that they want to take the time to browse and don’t want to be pressured by excessive attention. Shopping online allows you to browse without interruption.
With the continued popularity of Twitter, Facebook and Videoegg, beauty retailers can utilize social networking platforms to measure consumer preferences and tailor their sites to appeal to online shoppers.
According to Mintel, the online market will continue to grow, as nearly every retailer has a website, from Wal-Mart and Walgreens to Saks Fifth Avenue and Sephora.
SOURCE: Mintel
___________________
Source: Mintel Oxygen Reports
Online beauty market poised to explode with the help of Baby Boomers
Mintel’s recent Beauty Retailing report reveals that the female Baby Boomer population is more web-savvy than ever, and they could be wielding their digital dollars at online beauty sites if retailers play their cards right.
One in ten respondents to a recent Mintel survey report using some type of online retailer to purchase cosmetics and skin care aids, and the female Boomer population is expected to increase by 30.9% from 2005-2015.
“Female Baby Boomers are one of the largest beauty care segments, known for their spending power, proactive health habits and dedication to product research,” says Kat Fay, senior analyst at Mintel. “In fact, these women spend 13 or more hours online a week, making the online market a powerful resource if retailers can get Boomers to log on.”
When looking strictly at online sales, 8% of those surveyed visit mass merchandiser sites for beauty products, 8% order from Wal-Mart.com, 8% order from Target.com, 5% patronize drugstore sites like CVS or Walgreens and 8% visit other unnamed online retailers.
The creativity of online beauty retailers has also contributed to the continued growth of the Internet market. “Innovations like virtual makeovers, new product Tweets and online-only sweepstakes draw in consumers and provide them with benefits and discounts they can’t find in an actual brick-and-mortar store,” Fay notes.
Forty-seven percent of survey respondents reported that they prefer to be left alone when shopping for cosmetics, which suggest that they want to take the time to browse and don’t want to be pressured by excessive attention. Shopping online allows you to browse without interruption.
With the continued popularity of Twitter, Facebook and Videoegg, beauty retailers can utilize social networking platforms to measure consumer preferences and tailor their sites to appeal to online shoppers.
According to Mintel, the online market will continue to grow, as nearly every retailer has a website, from Wal-Mart and Walgreens to Saks Fifth Avenue and Sephora.
SOURCE: Mintel
INDUSTRY BUZZ: The Evolution of Green Living in Canada
Research conducted by Bosch Home Appliances has shown that there has been a steady increase amongst Canadians in searching the term "Green City", indicating that Canadians are ever-increasingly looking for ways to live a green and sustainable lifestyle. How do you generate and maintain a green movement in your store?
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The Evolution of Green Living in Canada
Bosch Shines the Spotlight on a Growing Environmental Trend
TORONTO, May 18 /CNW/ - Canada is currently the top country in the world to search the term Green Living(1) on-line, based on research conducted by Bosch Home Appliances that measured search volume from Google Trends. In addition, since 2004, there has been a steady climb in Canadians searching the term Green City(2) with the most recent finding showing a 250 per cent increase in interest(3). Without a doubt, Canadians are leading the charge when it comes to showing concern in what their cities and communities are doing to promote a more sustainable and 'green' lifestyle.
In light of some of the recent catastrophic environmental events that have taken place around the globe, it isn't surprising that the environment is one of the most talked-about and thought-about topics worldwide, and even more amongst Canadians. Well-versed in the impact of the individual on the environment, Canadians have always shown strong interest in living a more eco-friendly life, being some of the first global citizens to adopt green practices in the home. For example, in just four years, households across the country increased the amount of materials that were recycled by 65 per cent(4).
Whereas in the past environmental initiatives generally centered on the individual and their ability to cause change, trend analyses show that today this concern has evolved to an emphasis on bettering the environment through the community. Canadians are taking sustainable living to the next level - by embracing the impact that environmental change will have on their local communities. They are now focusing efforts on making change through community-based acts and initiatives.
"For many years now the emphasis has been on living a sustainable lifestyle that was primarily focused on initiatives that an individual could embrace at home, such as turning off lights or recycling and composting," says Dr. David Bell, senior scholar, Professor Emeritus and former Dean of the Faculty of Environment Studies, York University. "I am now seeing that focus shift to a green culture within the community and within businesses. For example, creating re-usable coffee cup programs within one's community or leading a petition to have all lights in your office building turned off at night. We seem to be moving toward the idea of a collective mentality when it comes to creating a more sustainable lifestyle."
In an effort to further generate awareness and encourage green movements within communities, Bosch, a global leader in sustainable thinking and one of the few companies to exceed the ENERGY STAR(R) qualifications on all its home appliance products, is launching the Canadian Eco-Leader Award.
For Bosch, an Eco-Leader is any individual or community-based group of individuals who stands up for the environment and takes charge to make a change within their respective communities. Bosch's Canadian Eco-Leader Award will celebrate and recognize the great work that Canadians are doing within their communities to create greener, more sustainable lifestyles for themselves, their families, neighbours and for future generations.
With a focus on grassroots projects and activities Bosch is calling for nominations for the Canadian Eco-Leader Award beginning now until September 19th, 2010. Based on Bosch's very own five principles of environmental protection, the emphasis will be on projects or activities that address the concepts of sustainability, responsibility, products, processes and continuous improvement within the community.
"How a community engages in helping the environment really paves the way on how we are shaping our global environmental perspective for years to come," says Steve Preiner, Director of Marketing, Bosch Home Appliances Ltd. "By fostering and encouraging community Eco-Leaders to act on and continue to lead the way in sustainable living, Bosch with the Canadian Eco-Leader award, is promoting and taking grassroots initiatives to the next level helping to shape the future for all Canadians."
The selected Eco-Leader will receive a one-time monetary award - The Bosch Eco-lution Fund - to help advance the cause of environmental responsibility. The recipient will also be awarded a mentoring opportunity with Bosch representatives, Dr. David Bell (Bosch spokesperson, chair of Learning for a Sustainable Future, co-chair of Education Alliance for a Sustainable Ontario and co-chair of ESD Canada), and select environmental and sustainability experts. These experts will commit their time to meet with the recipient and share their expertise and experiences on eco-friendly sustainable business practices and discuss how an innovative approach to community and business is the key to environmental preservation.
The Canadian Eco-Leader Award launches on Tuesday May 18, 2010 and is open to all Canadian residents (who have reached age of majority). Nominations can be submitted on the Bosch Eco-lution site via the Bosch home page at bosch-home.ca.
SOURCE: CNW Newswire Press Release
________________________
The Evolution of Green Living in Canada
Bosch Shines the Spotlight on a Growing Environmental Trend
TORONTO, May 18 /CNW/ - Canada is currently the top country in the world to search the term Green Living(1) on-line, based on research conducted by Bosch Home Appliances that measured search volume from Google Trends. In addition, since 2004, there has been a steady climb in Canadians searching the term Green City(2) with the most recent finding showing a 250 per cent increase in interest(3). Without a doubt, Canadians are leading the charge when it comes to showing concern in what their cities and communities are doing to promote a more sustainable and 'green' lifestyle.
In light of some of the recent catastrophic environmental events that have taken place around the globe, it isn't surprising that the environment is one of the most talked-about and thought-about topics worldwide, and even more amongst Canadians. Well-versed in the impact of the individual on the environment, Canadians have always shown strong interest in living a more eco-friendly life, being some of the first global citizens to adopt green practices in the home. For example, in just four years, households across the country increased the amount of materials that were recycled by 65 per cent(4).
Whereas in the past environmental initiatives generally centered on the individual and their ability to cause change, trend analyses show that today this concern has evolved to an emphasis on bettering the environment through the community. Canadians are taking sustainable living to the next level - by embracing the impact that environmental change will have on their local communities. They are now focusing efforts on making change through community-based acts and initiatives.
"For many years now the emphasis has been on living a sustainable lifestyle that was primarily focused on initiatives that an individual could embrace at home, such as turning off lights or recycling and composting," says Dr. David Bell, senior scholar, Professor Emeritus and former Dean of the Faculty of Environment Studies, York University. "I am now seeing that focus shift to a green culture within the community and within businesses. For example, creating re-usable coffee cup programs within one's community or leading a petition to have all lights in your office building turned off at night. We seem to be moving toward the idea of a collective mentality when it comes to creating a more sustainable lifestyle."
In an effort to further generate awareness and encourage green movements within communities, Bosch, a global leader in sustainable thinking and one of the few companies to exceed the ENERGY STAR(R) qualifications on all its home appliance products, is launching the Canadian Eco-Leader Award.
For Bosch, an Eco-Leader is any individual or community-based group of individuals who stands up for the environment and takes charge to make a change within their respective communities. Bosch's Canadian Eco-Leader Award will celebrate and recognize the great work that Canadians are doing within their communities to create greener, more sustainable lifestyles for themselves, their families, neighbours and for future generations.
With a focus on grassroots projects and activities Bosch is calling for nominations for the Canadian Eco-Leader Award beginning now until September 19th, 2010. Based on Bosch's very own five principles of environmental protection, the emphasis will be on projects or activities that address the concepts of sustainability, responsibility, products, processes and continuous improvement within the community.
"How a community engages in helping the environment really paves the way on how we are shaping our global environmental perspective for years to come," says Steve Preiner, Director of Marketing, Bosch Home Appliances Ltd. "By fostering and encouraging community Eco-Leaders to act on and continue to lead the way in sustainable living, Bosch with the Canadian Eco-Leader award, is promoting and taking grassroots initiatives to the next level helping to shape the future for all Canadians."
The selected Eco-Leader will receive a one-time monetary award - The Bosch Eco-lution Fund - to help advance the cause of environmental responsibility. The recipient will also be awarded a mentoring opportunity with Bosch representatives, Dr. David Bell (Bosch spokesperson, chair of Learning for a Sustainable Future, co-chair of Education Alliance for a Sustainable Ontario and co-chair of ESD Canada), and select environmental and sustainability experts. These experts will commit their time to meet with the recipient and share their expertise and experiences on eco-friendly sustainable business practices and discuss how an innovative approach to community and business is the key to environmental preservation.
The Canadian Eco-Leader Award launches on Tuesday May 18, 2010 and is open to all Canadian residents (who have reached age of majority). Nominations can be submitted on the Bosch Eco-lution site via the Bosch home page at bosch-home.ca.
SOURCE: CNW Newswire Press Release
INDUSTRY/BUSINESS NEWS: U.S. Retail Sales See a Boost in April
According to a new U.S. Census Bureau report, retail and food services sales experienced a nearly 9% increase in April of this year, compared to the same period one year ago. This bodes well for the North American retail sect - and specifically Canadian retail sales as well - since consumers are starting to spend again as the economy recovers from the recession. Interesting stats from the Census Bureau's report shed light on the fact that in the pharmacies and drug stores sector, and the health and personal care stores, sales were up.
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U.S. retail sales see boost in April
By Allison Cerra
WASHINGTON (May17) U.S. retail and food services sales had a near 9% boost in April, compared with the year-ago period, the Census Bureau revealed Friday in a new report.
Total sales were $366.4 billion, a 0.4% increase from March and an 8.8% increase from the year-ago period. Total sales for the February through April 2010 period were up 7.3% (±0.3%) from the same period a year ago.
In the pharmacies and drug stores sector, the Census Bureau said sales stayed in the $18 million range for the month, citing that the agency did not have "sufficient statistical evidence to conclude that the actual change is different than zero." In March 2010, total sales were $18.42 million. The estimate was adjusted for seasonal variations and holiday and trading-day differences, but not for price changes.
Meanwhile, health and personal care stores sales were nearly $21.9 million for the month and alost $86 million for a four-month period, a 2.9% increase from the same period last year. For this estimate, the total was not adjusted for seasonal variations, holiday and trading-day differences and price changes.
SOURCE: Drug Store News
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U.S. retail sales see boost in April
By Allison Cerra
WASHINGTON (May17) U.S. retail and food services sales had a near 9% boost in April, compared with the year-ago period, the Census Bureau revealed Friday in a new report.
Total sales were $366.4 billion, a 0.4% increase from March and an 8.8% increase from the year-ago period. Total sales for the February through April 2010 period were up 7.3% (±0.3%) from the same period a year ago.
In the pharmacies and drug stores sector, the Census Bureau said sales stayed in the $18 million range for the month, citing that the agency did not have "sufficient statistical evidence to conclude that the actual change is different than zero." In March 2010, total sales were $18.42 million. The estimate was adjusted for seasonal variations and holiday and trading-day differences, but not for price changes.
Meanwhile, health and personal care stores sales were nearly $21.9 million for the month and alost $86 million for a four-month period, a 2.9% increase from the same period last year. For this estimate, the total was not adjusted for seasonal variations, holiday and trading-day differences and price changes.
SOURCE: Drug Store News
INDUSTRY NEWS: Enzymotec krill obtains Novel Food status
Enzymotec's kirll oil has obtained Novel Food status in Europe. This is the fourth krill approval of its kind in Europe. For more on the krill oil criticisms in the news recently, check out the next issue of ihr magazine for our Feature News stories.
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Enzymotec krill gets Novel Food status
By Lorraine Heller, 18-May-2010
Krill oil as a food ingredient has received another boost in Europe, with Israeli firm Enzymotec announcing its krill product line has obtained Novel Food status.
Krill oil, rich in omega-3, phospholipids and antioxidants, is derived from the planktonic family of crustacean.
Enzymotec entered the market for krill oil in 2007. The firm’s range includes phosphatidylserine-based ingredients it markets for cognitive development, lipids for infant formulas, as well as pure krill oils. The novel foods status granted to Enzymotec’s product is the fourth krill approval of its kind in Europe.
Novel food
Europe's Novel Food regulation was introduced in 1997 and requires any food or ingredient not commonly consumed in the EU prior to May 1997 to undergo safety assessment before it can be sold across the EU's 27-member bloc.
It is a notoriously long-winded and unpopular process that has been much criticised by industry for stalling innovation, but the European Commission has mooted that it will be simplified or streamlined or both.
Sustainability
Krill are tiny shrimp commonly eaten by whales, and which form the largest animal biomass in the world. Omega-3 rich krill oil harvested for human purposes accounts for less than one per cent of that biomass.
The minute crustaceans have been in the public eye of late, over concerns that certain krill fishery was not being conducted in a sustainable manner.
US-based natural foods retailer Whole Foods pulled krill supplements from its shelves, stating that “declines of some predator populations in the areas where the krill fishery operates suggest that fishery management needs to better understand how to evaluate the prey requirements of other marine species in order to set sustainable catch levels for krill.”
SPONSORED LINK
100 % Natural Lime Flavours - a Speciality of Döhler
Fresh, green, trendy, tasty: as a top performer within product innovations lime flavours are a speciality of Döhler. Profiles range from Mexican to Tahitian varieties and offer a unique access to 100 % of fruit origin. Read more... Click here
Enzymotec confirmed its krill products are sustainably harvested. It sources its products only from vessels and facilities monitored by Conservation of Antarctic Marine Living Resources (CCAMLR), it said.
"We are inspecting and verifying that each Krill shipment is harvested within the limits of the zone and dates for which the specific fishing vessels had received its fishing license from CCALMR," said Neta Scheinman Enzymotec's Director of QA.
Demand prompts expansion
Last year, Enzymotec announced the expansion its krill capacity in a move that would consolidate its production in a new 200,000 sq ft facility. This was in response to increased customer demand, the firm said at the time.
In 2008, the firm also expanded its product line to include a krill oil with modified phospholipids and omega-3 content, which it sells at a "significantly lower price" to its high-grade version.
Having a two-tier pricing system for its krill offerings, in addition to its other lipid ingredients, allowed the company to better compete with the likes of global krill market leader, Canadian-based Neptune Technologies & Bioressources.
SOURCE: Nutra-Ingredients
_____________________
Enzymotec krill gets Novel Food status
By Lorraine Heller, 18-May-2010
Krill oil as a food ingredient has received another boost in Europe, with Israeli firm Enzymotec announcing its krill product line has obtained Novel Food status.
Krill oil, rich in omega-3, phospholipids and antioxidants, is derived from the planktonic family of crustacean.
Enzymotec entered the market for krill oil in 2007. The firm’s range includes phosphatidylserine-based ingredients it markets for cognitive development, lipids for infant formulas, as well as pure krill oils. The novel foods status granted to Enzymotec’s product is the fourth krill approval of its kind in Europe.
Novel food
Europe's Novel Food regulation was introduced in 1997 and requires any food or ingredient not commonly consumed in the EU prior to May 1997 to undergo safety assessment before it can be sold across the EU's 27-member bloc.
It is a notoriously long-winded and unpopular process that has been much criticised by industry for stalling innovation, but the European Commission has mooted that it will be simplified or streamlined or both.
Sustainability
Krill are tiny shrimp commonly eaten by whales, and which form the largest animal biomass in the world. Omega-3 rich krill oil harvested for human purposes accounts for less than one per cent of that biomass.
The minute crustaceans have been in the public eye of late, over concerns that certain krill fishery was not being conducted in a sustainable manner.
US-based natural foods retailer Whole Foods pulled krill supplements from its shelves, stating that “declines of some predator populations in the areas where the krill fishery operates suggest that fishery management needs to better understand how to evaluate the prey requirements of other marine species in order to set sustainable catch levels for krill.”
SPONSORED LINK
100 % Natural Lime Flavours - a Speciality of Döhler
Fresh, green, trendy, tasty: as a top performer within product innovations lime flavours are a speciality of Döhler. Profiles range from Mexican to Tahitian varieties and offer a unique access to 100 % of fruit origin. Read more... Click here
Enzymotec confirmed its krill products are sustainably harvested. It sources its products only from vessels and facilities monitored by Conservation of Antarctic Marine Living Resources (CCAMLR), it said.
"We are inspecting and verifying that each Krill shipment is harvested within the limits of the zone and dates for which the specific fishing vessels had received its fishing license from CCALMR," said Neta Scheinman Enzymotec's Director of QA.
Demand prompts expansion
Last year, Enzymotec announced the expansion its krill capacity in a move that would consolidate its production in a new 200,000 sq ft facility. This was in response to increased customer demand, the firm said at the time.
In 2008, the firm also expanded its product line to include a krill oil with modified phospholipids and omega-3 content, which it sells at a "significantly lower price" to its high-grade version.
Having a two-tier pricing system for its krill offerings, in addition to its other lipid ingredients, allowed the company to better compete with the likes of global krill market leader, Canadian-based Neptune Technologies & Bioressources.
SOURCE: Nutra-Ingredients
BUSINESS NEWS: Walmart FY 11 First Quarter Earnings Exceed Guidance
Walmart has reported first quarter earnings. Net sales for the quarter were $99.1 billion, an increase of 6 percent. onsolidated operating income for the first quarter was $5.8 billion, up more than 10 percent from last year, with a significant contribution from Walmart U.S. The company -- all three operating segments and corporate -- leveraged operating expenses for the first quarter.
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Walmart FY 11 First Quarter Earnings Exceed Guidance and First Call Consensus
Pre-Recorded Phone Call
Highlights
- Walmart reports first quarter earnings per share of $0.88, three cents above the company's latest guidance and the First Call consensus estimate.
- Net sales for the quarter were $99.1 billion, an increase of 6 percent.
- Walmart International remains the fastest-growing segment, with net sales up more than 21 percent on a reported basis and almost 9 percent on a constant currency basis.
- Consolidated operating income for the first quarter was $5.8 billion, up more than 10 percent from last year, with a significant contribution from Walmart U.S.
- The company -- all three operating segments and corporate -- leveraged operating expenses for the first quarter.
- Walmart U.S. comparable store sales for the first quarter 13-week period declined 1.4 percent. Sam's Club posted a comparable club sales increase, without fuel, of 0.7 percent.
- The company ended the quarter with return on investment of 19.1 percent for the trailing 12 months ended April 30, 2010, up from 18.7 percent for the comparable period last year. (1)
- The company added 3.6 million square feet of retail selling space this quarter and expects to have a significant number of new store openings in the second and third quarters.
(1) See additional information at the end of the release regarding non-GAAP financial measures.
BENTONVILLE, Ark., May 18, 2010 /PRNewswire via COMTEX/ --
Wal-Mart Stores, Inc. (NYSE: WMT) today reported record first quarter sales and earnings for the period ended April 30, 2010. Net sales for the first quarter of fiscal year 2011 were $99.1 billion, an increase of 6.0 percent from $93.5 billion in the first quarter last year. Net sales for the first quarter included a currency exchange rate benefit of $2.5 billion. Income from continuing operations attributable to Walmart for the quarter increased to $3.3 billion from $3.0 billion in the first quarter last year.
Diluted earnings per share from continuing operations attributable to Walmart ("EPS") for the first quarter of fiscal year 2011 were $0.88, with a benefit of approximately $0.02 from currency exchange rates. This compares to EPS of $0.77 in the first quarter last year.
"Walmart kicked off the fiscal year with record first quarter net sales and earnings, and I'm pleased that earnings exceeded guidance," said Mike Duke, Wal-Mart Stores, Inc. president and chief executive officer. "Our teams around the world delivered on our commitment to the productivity loop. We leveraged operating expenses for the second consecutive quarter and improved the profitability of our business.
"Our customers, particularly in the United States, are still concerned about their personal finances and unemployment, as well as higher fuel prices," Duke added. "Our commitment to reducing prices and managing expenses positions us well across the retail landscape."
Walmart will continue to grow worldwide, with a significant number of store openings expected for the second and third quarters.
The company ended the first quarter with negative free cash flow of approximately $1.6 billion.(1) Free cash flow for the quarter was affected by the lower inventory position at the end of fiscal year 2010. Inventory levels rebounded by the end of the quarter, but still remain at levels in line with the company's improved inventory management. This inventory increase negatively impacted free cash flow by more than $2 billion.
Net Sales
Net sales were as follows (dollars in billions):
Three Months Ended
April 30,
-------------------------------
Percent
2010 2009 Change
---- ---- ------
Net Sales:
Walmart U.S. $62.324 $61.627 1.1%
Walmart International 25.030 20.621 21.4%
Sam's Club 11.743 11.223 4.6%
---
Total Company $99.097 $93.471 6.0%
First quarter Walmart International net sales were $25.0 billion, an increase of 21.4 percent from last year. The increase in Walmart International net sales includes a $2.5 billion positive impact from currency exchange rate fluctuations. On a constant currency basis, Walmart International net sales were up 8.9 percent to $22.5 billion from last year's first quarter results.
Segment Operating Income
Segment operating income was as follows (dollars in billions):
Three Months Ended
April 30,
---------------------------
Percent
2010 2009 Change
---- ---- --------
Segment Operating Income:
Walmart U.S. $4.638 $4.391 5.6%
Walmart International 1.095 0.857 27.8%
Sam's Club 0.429 0.393 9.2%
(1) See additional information at the end of the release regarding non-GAAP financial measures.
Walmart International reported operating income for the first quarter that included a currency exchange rate benefit of $119 million. On a constant currency basis, Walmart International operating income increased 13.9 percent to $1.0 billion for the first quarter of fiscal 2011 compared to the same period in fiscal year 2010. On a reported basis, Walmart International operating income increased 27.8 percent, to $1.1 billion compared to the same period in fiscal 2010.
Consolidated operating income for the first quarter was $5.8 billion, up 10.6 percent from last year and up 8.4 percent on a constant currency basis.
U.S. Comparable Store Sales
The company reports U.S. comparable store sales in this earnings release based on its 13-week retail calendar periods ended Apr. 30, 2010 and May 1, 2009, as follows:
Without Fuel With Fuel Fuel Impact
----------------- -------------------- -------------------
Thirteen Weeks Thirteen Weeks Thirteen Weeks
Ended Ended Ended
04/30/10 05/01/09 04/30/10 05/01/09 04/30/10 05/01/09
-------- -------- -------- -------- -------- --------
Walmart U.S. -1.4% 3.6% -1.4% 3.6% 0.0% 0.0%
Sam's Club 0.7% 4.2% 3.9% -0.5% 3.2% -4.7%
--- --- --- ---- --- ----
Total U.S. -1.1% 3.7% -0.5% 2.9% 0.6% -0.8%
Data in the condensed consolidated financial statements included in this news release are based on the fiscal quarters ended Apr. 30, 2010 and 2009.
Operating Segments Review and U.S. Comparable Store Sales Expectations
Walmart U.S. had operating income of $4.6 billion for the first quarter, up 5.6 percent from last year. For the first quarter, the structural changes implemented earlier this year enabled the business to leverage expenses and deliver strong profitability. Walmart U.S. comparable store sales declined 1.4 percent due to soft customer traffic, partially offset by an increase in average ticket, compared to the first quarter of fiscal year 2010.
Walmart U.S. expects comparable store sales without fuel during the 13-week period from Sat., May 1, through Fri., July 30, 2010 to be negative 2.0 percent to positive one percent, as compared to a 1.5 percent decline for the comparable period last year.
Sam's Club delivered 0.7 percent comparable club sales without fuel for the first quarter. The clubs had strong sales from fresh foods and health and wellness categories, as well as home and apparel. Sam's Club leveraged operating expenses. Operating income grew at a faster rate than sales, increasing 9.2 percent.
Sam's Club expects comparable club sales without fuel during the second quarter 13-week period to be flat, plus or minus one percent, which compares to a 0.6 percent increase without fuel in the comparable period last year.
Both Walmart U.S. and Sam's Club will report comparable sales for the 13-week period on Aug. 17, 2010, when the company reports second quarter results.
As part of an operational realignment, the Walmart units and Sam's Clubs in Puerto Rico moved from the Walmart International segment to the respective Walmart U.S. and Sam's Club segments, effective this fiscal year. Walmart International now consists of the company's operations outside the United States and Puerto Rico.
Walmart International ended the first quarter of fiscal year 2011 with more than $25 billion in net sales, with currency exchange rate fluctuations benefitting sales by $2.5 billion. On a constant currency basis, sales were up 8.9 percent. Mexico, Canada, Brazil and China drove the strong sales performance. On a constant currency basis, first quarter operating income for Walmart International grew faster than sales, despite a $26-million charge, net of insurance, related to the Chilean earthquake. Walmart International leveraged constant currency operating expenses for the fifth consecutive quarter.
SOURCE: Walmart Corporate Website
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Walmart FY 11 First Quarter Earnings Exceed Guidance and First Call Consensus
Pre-Recorded Phone Call
Highlights
- Walmart reports first quarter earnings per share of $0.88, three cents above the company's latest guidance and the First Call consensus estimate.
- Net sales for the quarter were $99.1 billion, an increase of 6 percent.
- Walmart International remains the fastest-growing segment, with net sales up more than 21 percent on a reported basis and almost 9 percent on a constant currency basis.
- Consolidated operating income for the first quarter was $5.8 billion, up more than 10 percent from last year, with a significant contribution from Walmart U.S.
- The company -- all three operating segments and corporate -- leveraged operating expenses for the first quarter.
- Walmart U.S. comparable store sales for the first quarter 13-week period declined 1.4 percent. Sam's Club posted a comparable club sales increase, without fuel, of 0.7 percent.
- The company ended the quarter with return on investment of 19.1 percent for the trailing 12 months ended April 30, 2010, up from 18.7 percent for the comparable period last year. (1)
- The company added 3.6 million square feet of retail selling space this quarter and expects to have a significant number of new store openings in the second and third quarters.
(1) See additional information at the end of the release regarding non-GAAP financial measures.
BENTONVILLE, Ark., May 18, 2010 /PRNewswire via COMTEX/ --
Wal-Mart Stores, Inc. (NYSE: WMT) today reported record first quarter sales and earnings for the period ended April 30, 2010. Net sales for the first quarter of fiscal year 2011 were $99.1 billion, an increase of 6.0 percent from $93.5 billion in the first quarter last year. Net sales for the first quarter included a currency exchange rate benefit of $2.5 billion. Income from continuing operations attributable to Walmart for the quarter increased to $3.3 billion from $3.0 billion in the first quarter last year.
Diluted earnings per share from continuing operations attributable to Walmart ("EPS") for the first quarter of fiscal year 2011 were $0.88, with a benefit of approximately $0.02 from currency exchange rates. This compares to EPS of $0.77 in the first quarter last year.
"Walmart kicked off the fiscal year with record first quarter net sales and earnings, and I'm pleased that earnings exceeded guidance," said Mike Duke, Wal-Mart Stores, Inc. president and chief executive officer. "Our teams around the world delivered on our commitment to the productivity loop. We leveraged operating expenses for the second consecutive quarter and improved the profitability of our business.
"Our customers, particularly in the United States, are still concerned about their personal finances and unemployment, as well as higher fuel prices," Duke added. "Our commitment to reducing prices and managing expenses positions us well across the retail landscape."
Walmart will continue to grow worldwide, with a significant number of store openings expected for the second and third quarters.
The company ended the first quarter with negative free cash flow of approximately $1.6 billion.(1) Free cash flow for the quarter was affected by the lower inventory position at the end of fiscal year 2010. Inventory levels rebounded by the end of the quarter, but still remain at levels in line with the company's improved inventory management. This inventory increase negatively impacted free cash flow by more than $2 billion.
Net Sales
Net sales were as follows (dollars in billions):
Three Months Ended
April 30,
-------------------------------
Percent
2010 2009 Change
---- ---- ------
Net Sales:
Walmart U.S. $62.324 $61.627 1.1%
Walmart International 25.030 20.621 21.4%
Sam's Club 11.743 11.223 4.6%
---
Total Company $99.097 $93.471 6.0%
First quarter Walmart International net sales were $25.0 billion, an increase of 21.4 percent from last year. The increase in Walmart International net sales includes a $2.5 billion positive impact from currency exchange rate fluctuations. On a constant currency basis, Walmart International net sales were up 8.9 percent to $22.5 billion from last year's first quarter results.
Segment Operating Income
Segment operating income was as follows (dollars in billions):
Three Months Ended
April 30,
---------------------------
Percent
2010 2009 Change
---- ---- --------
Segment Operating Income:
Walmart U.S. $4.638 $4.391 5.6%
Walmart International 1.095 0.857 27.8%
Sam's Club 0.429 0.393 9.2%
(1) See additional information at the end of the release regarding non-GAAP financial measures.
Walmart International reported operating income for the first quarter that included a currency exchange rate benefit of $119 million. On a constant currency basis, Walmart International operating income increased 13.9 percent to $1.0 billion for the first quarter of fiscal 2011 compared to the same period in fiscal year 2010. On a reported basis, Walmart International operating income increased 27.8 percent, to $1.1 billion compared to the same period in fiscal 2010.
Consolidated operating income for the first quarter was $5.8 billion, up 10.6 percent from last year and up 8.4 percent on a constant currency basis.
U.S. Comparable Store Sales
The company reports U.S. comparable store sales in this earnings release based on its 13-week retail calendar periods ended Apr. 30, 2010 and May 1, 2009, as follows:
Without Fuel With Fuel Fuel Impact
----------------- -------------------- -------------------
Thirteen Weeks Thirteen Weeks Thirteen Weeks
Ended Ended Ended
04/30/10 05/01/09 04/30/10 05/01/09 04/30/10 05/01/09
-------- -------- -------- -------- -------- --------
Walmart U.S. -1.4% 3.6% -1.4% 3.6% 0.0% 0.0%
Sam's Club 0.7% 4.2% 3.9% -0.5% 3.2% -4.7%
--- --- --- ---- --- ----
Total U.S. -1.1% 3.7% -0.5% 2.9% 0.6% -0.8%
Data in the condensed consolidated financial statements included in this news release are based on the fiscal quarters ended Apr. 30, 2010 and 2009.
Operating Segments Review and U.S. Comparable Store Sales Expectations
Walmart U.S. had operating income of $4.6 billion for the first quarter, up 5.6 percent from last year. For the first quarter, the structural changes implemented earlier this year enabled the business to leverage expenses and deliver strong profitability. Walmart U.S. comparable store sales declined 1.4 percent due to soft customer traffic, partially offset by an increase in average ticket, compared to the first quarter of fiscal year 2010.
Walmart U.S. expects comparable store sales without fuel during the 13-week period from Sat., May 1, through Fri., July 30, 2010 to be negative 2.0 percent to positive one percent, as compared to a 1.5 percent decline for the comparable period last year.
Sam's Club delivered 0.7 percent comparable club sales without fuel for the first quarter. The clubs had strong sales from fresh foods and health and wellness categories, as well as home and apparel. Sam's Club leveraged operating expenses. Operating income grew at a faster rate than sales, increasing 9.2 percent.
Sam's Club expects comparable club sales without fuel during the second quarter 13-week period to be flat, plus or minus one percent, which compares to a 0.6 percent increase without fuel in the comparable period last year.
Both Walmart U.S. and Sam's Club will report comparable sales for the 13-week period on Aug. 17, 2010, when the company reports second quarter results.
As part of an operational realignment, the Walmart units and Sam's Clubs in Puerto Rico moved from the Walmart International segment to the respective Walmart U.S. and Sam's Club segments, effective this fiscal year. Walmart International now consists of the company's operations outside the United States and Puerto Rico.
Walmart International ended the first quarter of fiscal year 2011 with more than $25 billion in net sales, with currency exchange rate fluctuations benefitting sales by $2.5 billion. On a constant currency basis, sales were up 8.9 percent. Mexico, Canada, Brazil and China drove the strong sales performance. On a constant currency basis, first quarter operating income for Walmart International grew faster than sales, despite a $26-million charge, net of insurance, related to the Chilean earthquake. Walmart International leveraged constant currency operating expenses for the fifth consecutive quarter.
SOURCE: Walmart Corporate Website
Monday, May 17, 2010
INDUSTRY/RESEARCH NEWS: Study: Retail clinics save nonemergency patients money
According to a study conducted by HealthCore, allergy suffers can save money and still receive convenient, quality care by visiting a retail-based clinic. Further, the study found that few patients who visit retail clinics need follow-up care for their ailments. This information sits well for any retail outlets who currently house areas for on-site treatment and care by health professionals.
____________________
Study: Retail clinics save nonemergency patients money
By Antoinette Alexander
INDIANAPOLIS Allergy sufferers can save money and receive quality, convenient care by skipping the emergency room and instead visiting a retail-based or urgent-care clinic, according to a recent study.
The study conducted by HealthCore, WellPoint’s outcomes research subsidiary, found that patients can save anywhere from $50 to $400 in out-of-pocket costs per visit by skipping the ER and heading to a retail health- or urgent-care clinic when they are unable to see their primary care physician.
“When possible, we recommend that our members visit their primary care physicians for non-emergency treatment,” stated Dr. Manish Oza, WellPoint medical director and emergency room physician. “If that’s not an option, in cases where patients are looking for treatments related to allergies and colds -- such as sinus infections, sore throats, ear infections and bronchitis -- it just makes more economic sense to go to a retail health clinic or urgent-care clinic.”
In addition, the study found that few patients who received care at retail health clinics or urgent-care clinics needed follow-up care for their ailment, implying that they received the appropriate level of care, stated John Barron, HealthCore director for health-plan research.
The study of members in WellPoint’s affiliated health plans in 14 states found that nearly 1-in-5 ER visits (19.4%) were for non-emergencies, including conditions such as upper respiratory infections, sore throats or urinary tract infections. This is during a time when ER visits have increased 31% in 2005 compared with 1995, and ER waits to see a physician have increased from 38 minutes in 1997 to 56 minutes in 2005, according to federal government statistics provided by WellPoint.
Bronchitis, one of the more expensive conditions to treat, cost $646 to treat in the ER, compared with $97 for an urgent-care visit and $54 for a retail health-clinic visit, according to the study. Average costs for ER visits for all conditions studied ranged from $441 for the ER to $98 for urgent care and $52 for retail care. These costs represent total costs, including the portion paid by the health plan member.
The study showed that for every member treated at retail health clinics, about 15 others are treated in the ER for the same conditions.
The study also looked at overall costs to treat individual episodes over a two-week period for ailments associated with allergy, cold and flu, along with conjunctivitis and urinary tract infections. In this case, ER episodes cost an average $500, while urgent care cost $150 and retail health clinic cost $90.
SOURCE: Drug Store News
____________________
Study: Retail clinics save nonemergency patients money
By Antoinette Alexander
INDIANAPOLIS Allergy sufferers can save money and receive quality, convenient care by skipping the emergency room and instead visiting a retail-based or urgent-care clinic, according to a recent study.
The study conducted by HealthCore, WellPoint’s outcomes research subsidiary, found that patients can save anywhere from $50 to $400 in out-of-pocket costs per visit by skipping the ER and heading to a retail health- or urgent-care clinic when they are unable to see their primary care physician.
“When possible, we recommend that our members visit their primary care physicians for non-emergency treatment,” stated Dr. Manish Oza, WellPoint medical director and emergency room physician. “If that’s not an option, in cases where patients are looking for treatments related to allergies and colds -- such as sinus infections, sore throats, ear infections and bronchitis -- it just makes more economic sense to go to a retail health clinic or urgent-care clinic.”
In addition, the study found that few patients who received care at retail health clinics or urgent-care clinics needed follow-up care for their ailment, implying that they received the appropriate level of care, stated John Barron, HealthCore director for health-plan research.
The study of members in WellPoint’s affiliated health plans in 14 states found that nearly 1-in-5 ER visits (19.4%) were for non-emergencies, including conditions such as upper respiratory infections, sore throats or urinary tract infections. This is during a time when ER visits have increased 31% in 2005 compared with 1995, and ER waits to see a physician have increased from 38 minutes in 1997 to 56 minutes in 2005, according to federal government statistics provided by WellPoint.
Bronchitis, one of the more expensive conditions to treat, cost $646 to treat in the ER, compared with $97 for an urgent-care visit and $54 for a retail health-clinic visit, according to the study. Average costs for ER visits for all conditions studied ranged from $441 for the ER to $98 for urgent care and $52 for retail care. These costs represent total costs, including the portion paid by the health plan member.
The study showed that for every member treated at retail health clinics, about 15 others are treated in the ER for the same conditions.
The study also looked at overall costs to treat individual episodes over a two-week period for ailments associated with allergy, cold and flu, along with conjunctivitis and urinary tract infections. In this case, ER episodes cost an average $500, while urgent care cost $150 and retail health clinic cost $90.
SOURCE: Drug Store News
BUSINESS NEWS: Reliv International Declares Dividend
Reliv International Declares Dividend
CHESTERFIELD, Mo., /PRNewswire-FirstCall/ -- Reliv International, Inc. (Nasdaq: RELV), a nutrition and direct selling company, announced Friday that the Board of Directors has declared a dividend of $0.02 per share to all holders of record as of May 24, 2010, to be paid on or about June 3, 2010.
Reliv currently pays dividends twice a year, and this represents the company's first dividend in 2010.
SOURCE: Reliv International Press Release
CHESTERFIELD, Mo., /PRNewswire-FirstCall/ -- Reliv International, Inc. (Nasdaq: RELV), a nutrition and direct selling company, announced Friday that the Board of Directors has declared a dividend of $0.02 per share to all holders of record as of May 24, 2010, to be paid on or about June 3, 2010.
Reliv currently pays dividends twice a year, and this represents the company's first dividend in 2010.
SOURCE: Reliv International Press Release
BUSINESS NEWS: Hain Celestial shares rise after Icahn buys stock
Hain Celestial shares rise after Icahn buys stock
Hain has cut profit targets twice in 2010
Shares in US-based natural and organic food firm Hain Celestial rose more than 7% on Friday after the disclosure that activist investor Carl Icahn has bought an almost 12% stake in the business.
Icahn and funds controlled by him have bought 4.9m shares, or an 11.9% stake, in Hain Celestial.
In a short statement issued to accompany the disclosure, Icahn said he believed Hain's shares were "undervalued" and, after speaking to president and CEO Irwin Simon, "looked forward" to working with the company's management.
Last week, Hain cut its full-year earnings forecast despite swinging to a third-quarter profit. The company also lowered its annual profit targets in February.
SOURCE: just-food.com
Hain has cut profit targets twice in 2010
Shares in US-based natural and organic food firm Hain Celestial rose more than 7% on Friday after the disclosure that activist investor Carl Icahn has bought an almost 12% stake in the business.
Icahn and funds controlled by him have bought 4.9m shares, or an 11.9% stake, in Hain Celestial.
In a short statement issued to accompany the disclosure, Icahn said he believed Hain's shares were "undervalued" and, after speaking to president and CEO Irwin Simon, "looked forward" to working with the company's management.
Last week, Hain cut its full-year earnings forecast despite swinging to a third-quarter profit. The company also lowered its annual profit targets in February.
SOURCE: just-food.com
BUSINESS NEWS: Monthly Survey of Manufacturing - StatsCan
Statistics Canada has posted the monthly survey for manufacturing. Of note: Food manufacturers reported the greatest increase in the value of sales, up 3.5% compared with February. This was the largest increase in food sales since January 2008. Prior to the increase in March, food sales had been relatively flat over the preceding six months.
____________________
Monthly Survey of Manufacturing - STATISTICS CANADA
March 2010
Manufacturing sales advanced 1.2% to $44.5 billion in March. Food and motor vehicle manufacturers were the largest contributors to the gains. Manufacturing sales have been trending upward since the low point reached in May 2009.
Constant dollar manufacturing sales increased 1.7% in March. Constant dollar sales have increased for seven consecutive months.
Sales gains were reported in 12 of 21 industries, representing two-thirds of total sales.
Manufacturing sales advance in March
All data in this release are seasonally adjusted and are expressed in current dollars unless otherwise specified.
Preliminary data are provided for the current reference month. Revised data, based on late responses, are updated for the three previous months.
Non-durable goods industries include food, beverage and tobacco products, textile mills, textile product mills, clothing, leather and allied products, paper, printing and related support activities, petroleum and coal products, chemicals, and plastics and rubber products.
Durable goods industries include wood products, non-metallic mineral products, primary metals, fabricated metal products, machinery, computer and electronic products, electrical equipment, appliances and components, transportation equipment, furniture and related products and miscellaneous manufacturing.
Production-based industries
For the aerospace industry and shipbuilding industries, the value of production is used instead of sales of goods manufactured. This value is calculated by adjusting monthly sales of goods manufactured by the monthly change in inventories of goods in process and finished products manufactured.
Unfilled orders are a stock of orders that will contribute to future sales assuming that the orders are not cancelled.
New orders are those received whether sold in the current month or not. New orders are measured as the sum of sales for the current month plus the change in unfilled orders from the previous month to the current month.
Durable goods as well as food manufacturers behind gains
Food manufacturers reported the greatest increase in the value of sales, up 3.5% compared with February. This was the largest increase in food sales since January 2008. Prior to the increase in March, food sales had been relatively flat over the preceding six months.
Besides food manufacturing, most of the remaining sales increases for March were attributable to the durable goods industries. Motor vehicle manufacturers reported a 3.6% increase in March, the sixth advance in seven months. However, the gain in motor vehicle manufacturing was largely offset by a 9.6% decrease in aerospace products and parts production.
Other durable good sales increases included non-metallic mineral products (+7.7%) and wood product manufacturing (+4.9%). Non-metallic mineral sales, in particular cement and concrete manufacturers, benefited from warm weather in March. Wood product sales have grown steadily over the past six months.
Every province reports gains
Provincial gains were reported across the country in March, ranging from increases of 0.1% in Quebec to 45.0% in Newfoundland and Labrador.
Sales in the Atlantic provinces rose 6.4% in March after a 9.5% drop the previous month. Sales in the region have increased in five of the past six months.
Manufacturers in Manitoba reported a 4.9% increase in sales compared with February, the strongest gain outside of the Atlantic provinces. Manitoba has not seen the same degree of recovery in manufacturing as the other provinces, with sales increasing only twice in the past six months.
Sales were also strong in British Columbia, up 3.8%. Paper products, transportation, and food manufacturers were behind much of the gains. Manufacturing sales in British Columbia have been on the upswing since July 2009.
In Quebec, sales edged up 0.1% compared with February. A 10.6% drop in the transportation equipment industry was offset by strong gains in food, beverage and tobacco, and chemical product manufacturing. Sales in Ontario advanced 0.7%, reflecting rising sales in motor vehicle and motor vehicle parts manufacturing.
Inventory levels decline
Inventory levels fell 1.1% in March compared with February. Inventories dropped steadily from February to September 2009, with the rate of decrease slowing over the past six months.
The decline in March was largely driven by petroleum and coal and aerospace product manufacturers, down 7.3% and 3.3% respectively. Raw materials and finished products were both behind the decrease in petroleum and coal product inventories.
Chemical manufacturing was the main offsetting movement, up 1.4%. About half of the increase was due to resin, synthetic rubber, and artificial and synthetic fibers and filaments manufacturing.
Inventory levels decrease in March
The inventory-to-sales ratio fell from 1.35 in February to 1.32 in March. This was the lowest level since September 2008.
The inventory-to-sales ratio continues to decline
Unfilled orders fall for the first time in four months
The backlog of unfilled orders declined for the first time in four months, down 0.4% to $53.0 billion.
Unfilled orders in the transportation equipment industry fell 0.6%, despite a 0.5% advance in the aerospace industry. Excluding aerospace products and parts, unfilled orders were down 1.0% compared with February.
The other notable decrease in unfilled orders took place in computer and electronic products, down 2.7%.
Unfilled orders decline slightly after three monthly gains
New orders decreased 0.7% in March to $44.3 billion. New orders fell in three key industries, namely computers and electronics, transportation equipment, and machinery. Despite the decrease in March, new orders have been trending upward since June 2009.
SOURCE: Statistics Canada
____________________
Monthly Survey of Manufacturing - STATISTICS CANADA
March 2010
Manufacturing sales advanced 1.2% to $44.5 billion in March. Food and motor vehicle manufacturers were the largest contributors to the gains. Manufacturing sales have been trending upward since the low point reached in May 2009.
Constant dollar manufacturing sales increased 1.7% in March. Constant dollar sales have increased for seven consecutive months.
Sales gains were reported in 12 of 21 industries, representing two-thirds of total sales.
Manufacturing sales advance in March
All data in this release are seasonally adjusted and are expressed in current dollars unless otherwise specified.
Preliminary data are provided for the current reference month. Revised data, based on late responses, are updated for the three previous months.
Non-durable goods industries include food, beverage and tobacco products, textile mills, textile product mills, clothing, leather and allied products, paper, printing and related support activities, petroleum and coal products, chemicals, and plastics and rubber products.
Durable goods industries include wood products, non-metallic mineral products, primary metals, fabricated metal products, machinery, computer and electronic products, electrical equipment, appliances and components, transportation equipment, furniture and related products and miscellaneous manufacturing.
Production-based industries
For the aerospace industry and shipbuilding industries, the value of production is used instead of sales of goods manufactured. This value is calculated by adjusting monthly sales of goods manufactured by the monthly change in inventories of goods in process and finished products manufactured.
Unfilled orders are a stock of orders that will contribute to future sales assuming that the orders are not cancelled.
New orders are those received whether sold in the current month or not. New orders are measured as the sum of sales for the current month plus the change in unfilled orders from the previous month to the current month.
Durable goods as well as food manufacturers behind gains
Food manufacturers reported the greatest increase in the value of sales, up 3.5% compared with February. This was the largest increase in food sales since January 2008. Prior to the increase in March, food sales had been relatively flat over the preceding six months.
Besides food manufacturing, most of the remaining sales increases for March were attributable to the durable goods industries. Motor vehicle manufacturers reported a 3.6% increase in March, the sixth advance in seven months. However, the gain in motor vehicle manufacturing was largely offset by a 9.6% decrease in aerospace products and parts production.
Other durable good sales increases included non-metallic mineral products (+7.7%) and wood product manufacturing (+4.9%). Non-metallic mineral sales, in particular cement and concrete manufacturers, benefited from warm weather in March. Wood product sales have grown steadily over the past six months.
Every province reports gains
Provincial gains were reported across the country in March, ranging from increases of 0.1% in Quebec to 45.0% in Newfoundland and Labrador.
Sales in the Atlantic provinces rose 6.4% in March after a 9.5% drop the previous month. Sales in the region have increased in five of the past six months.
Manufacturers in Manitoba reported a 4.9% increase in sales compared with February, the strongest gain outside of the Atlantic provinces. Manitoba has not seen the same degree of recovery in manufacturing as the other provinces, with sales increasing only twice in the past six months.
Sales were also strong in British Columbia, up 3.8%. Paper products, transportation, and food manufacturers were behind much of the gains. Manufacturing sales in British Columbia have been on the upswing since July 2009.
In Quebec, sales edged up 0.1% compared with February. A 10.6% drop in the transportation equipment industry was offset by strong gains in food, beverage and tobacco, and chemical product manufacturing. Sales in Ontario advanced 0.7%, reflecting rising sales in motor vehicle and motor vehicle parts manufacturing.
Inventory levels decline
Inventory levels fell 1.1% in March compared with February. Inventories dropped steadily from February to September 2009, with the rate of decrease slowing over the past six months.
The decline in March was largely driven by petroleum and coal and aerospace product manufacturers, down 7.3% and 3.3% respectively. Raw materials and finished products were both behind the decrease in petroleum and coal product inventories.
Chemical manufacturing was the main offsetting movement, up 1.4%. About half of the increase was due to resin, synthetic rubber, and artificial and synthetic fibers and filaments manufacturing.
Inventory levels decrease in March
The inventory-to-sales ratio fell from 1.35 in February to 1.32 in March. This was the lowest level since September 2008.
The inventory-to-sales ratio continues to decline
Unfilled orders fall for the first time in four months
The backlog of unfilled orders declined for the first time in four months, down 0.4% to $53.0 billion.
Unfilled orders in the transportation equipment industry fell 0.6%, despite a 0.5% advance in the aerospace industry. Excluding aerospace products and parts, unfilled orders were down 1.0% compared with February.
The other notable decrease in unfilled orders took place in computer and electronic products, down 2.7%.
Unfilled orders decline slightly after three monthly gains
New orders decreased 0.7% in March to $44.3 billion. New orders fell in three key industries, namely computers and electronics, transportation equipment, and machinery. Despite the decrease in March, new orders have been trending upward since June 2009.
SOURCE: Statistics Canada
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