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A new report by Payments Canada has revealed that over half of Canadians (53 percent) abandon a purchase when checking out at a retailer or service provider if their preferred method of payment isn’t available to them. The report, “Payments Pulse Survey: Consumer Edition,” follows a two-phase study conducted by Payments Canada and Leger Marketing Inc. between April 2 and June 11. Payments Canada and Leger Marketing Inc. surveyed 1,501 Canadians during Phase One of the study and surveyed 1,539 Canadians during Phase Two. Phase One consisted of a pulse check on trends spotted in Payments Canada’s 2017 survey, while Phase 2 looked at the specific needs of consumers.
Michael Zakuta, President and CEO said, "We continue to deliver solid and sustainable results. We are unafraid of doing the right thing for our portfolio and our business even if it involves non-recurring revenues or charges. Setting aside non-recurring events, this period shows progress in the growth of our business, and our pipeline of new development and redevelopment projects remains strong."
"We would like to thank the entire team for their productive efforts during the first half of fiscal 2018. During this period, Leon's continued to produce significant operating leverage, driving adjusted diluted earnings per share up by 12% in Q2 and by 16.7% in the first half of the year," said Edward Leon, President and Chief Operating Officer of Leon's. "For the balance of 2018 and into 2019 our team will remain focused on select initiatives to drive traffic and average ticket, with robust cost control and efficiencies. We are well-positioned to continue to generate meaningful value for our shareholders over the next several years, leveraging our national retail bricks and mortar footprint, service related companies, real estate portfolio, successful online properties and industry-leading distribution infrastructure."
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