Le Château Inc. reported that sales for the year ended January 26, 2019 amounted to $190.9 million as compared with $204.4 million last year, a decrease of 6.6%, with 21 fewer stores in operation. Comparable store sales, which include online sales, increased 1.1% versus the same period a year ago, with comparable regular store sales increasing 0.7% and comparable outlet store sales increasing 3.6%.
Adjusted EBITDA for the year ended January 26, 2019 amounted to $(5.6) million, compared to $(5.4) million last year. The decrease of $200,000 in adjusted EBITDA for 2018 was primarily attributable to the decrease in gross margin dollars of $8.9 million, offset by the reduction of $8.7 million in selling, general and administrative (“SG&A”) expenses. The decrease in SG&A expenses resulted primarily from the reduction in store operating expenses due mainly to store closures.
Marketers should bear in mind that Gen Zers continue to value in-store shopping and are highly influenced by their peers when it comes to purchase decisions, according to new research by marketing agency Amplify conducted in partnership with The Globe and Mail.
As waterfront workers begin targeted job action at two B.C. terminals in Canada’s largest port on Monday, Canada’s retail sector is hoping an agreement can be reached without a full-blown strike.
More than half of Canada’s consumer goods come through the Port of Vancouver, according to the Retail Council of Canada, which means a breakdown between the workers and the terminal operator could spell trouble for Canadian businesses.
“Obviously, we’re optimistic and hopeful that the union and the B.C. Maritime Employers Association can come to an agreement,” said Greg Wilson, director of government relations for the retail council.
“But for consumers, if (the dispute) is not resolved, it means potentially higher prices on individual items, in some cases maybe not the brand you want ... or some individual items will just be harder to find. And it has a long-term impact.”
Scotties, Canada's favourite facial tissue, is proud to introduce the newest member of its pack, Scottie, an adorable puppy and new mascot — the perfect metaphor for a tissue that's always by your side, and as soft as it is strong. Scottie will sit in the brand logo starting the end of May. Proudly made in Canada by Kruger Products, Scotties facial tissue first entered the Canadian market in 1955, and now leads the category.
"Scottie creates a memorable new face for our product to strengthen our Canadian leadership and grow consumer loyalty," says Nancy Marcus, Chief Marketing Officer at Kruger Products. "The facial tissue market is a multi-million-dollar industry in Canada, and as the market leader, we set out to build a stronger connection for Scotties in the hearts and minds of Canadians. Our market research shows that a loveable brand identifier will resonate with consumers and place us at the tip of consumer tongues."