Category: Economy

06

Oct2017
Sycamore Partners recently announced it has completed its acquisition of Staples, Inc. “We are pleased to have completed this transaction and look forward to partnering with CEO Shira Goodman and the Staples management team as we seek to increase long-term profitability,” says Stefan Kaluzny, managing director of Sycamore Partners. “With the ... Read More

04

Aug2017
The Conference Board of Canada’s Index of Consumer Confidence jumped 2.1 points to 113.6 (2014 = 100), the highest level since January of 2010. Canada’s two largest provinces, Quebec and Ontario, supported growth in July, with the latter seeing the largest growth in its index since March 2015. Consumers in Canada’s two ... Read More

04

Aug2017
The Conference Board of Canada released highlights from its Canadian Outlook report, which presents the short-term national economic outlook. Highlights from the report: The Canadian economy got off to a great start in 2017, thanks to strong household consumption and a pickup in machinery and equipment investment. GDP is expected to increase by ... Read More

12

Jul2017
Canadian retail e-commerce sales were $1.2 billion in April, a 41.6 per cent jump compared to last year according to a Stattistics Canada report. While the large increase shows a shift in how Canadian consumers are shopping, e-commerce sales still only account for 2.5 per cent of total retail trade. Overall, April ... Read More

12

Jul2017
SYNNEX Corp. and Datatec Ltd. recently announced a definitive agreement in which SYNNEX will acquire Datatec’s Westcon-Comstor Americas business and become a minority shareholder in Datatec’s Westcon EMEA and APAC businesses. “We believe this is a unique opportunity that is transformational to SYNNEX and is aligned to our strategy of positioning ... Read More

07

Jun2017
Staples Inc. announced the results for its first quarter ending April 29, 2017. Total company sales for the first quarter were $4.1 billion, a decrease of five per cent compared to the first quarter of 2016. On a GAAP basis, the company reported net income from continuing operations of $105 ... Read More

11

Jan2017
As we enter 2017, COPA is wishing all of its members a happy, healthy and successful New Year! As a member of COPA, there are so many great values and benefits you can access to improve functions in your organization, save on business costs or even employees’ individual and personal costs. To ... Read More

22

Dec2016
The Conference Board of Canada’s chief economist and senior vice-president Craig Alexander recently offered his insights on the third quarter GDP report. Alexander said that while the economy rebounded in the third quarter which sets the stage for economic growth to accelerate from 1.3 per cent in 2016 to two ... Read More

22

Dec2016
Following a six-point increase last month, The Conference Board of Canada’s Index of Consumer Confidence rose 1.1 points in December to 103.8. “Despite the underwhelming pace of full-time job creation seen of late, Canadians appear to be holding out hope for greater opportunities in the New Year and this bodes well ... Read More

25

Nov2016
Office Depot, Inc. recently announced results for the third quarter ended September 24, 2016. Retail Division sales were $1.5 billion in the third quarter of 2016 compared to $1.6 billion in the prior year period. Third quarter sales declined eight per cent, primarily due to the impact of planned store closures ... Read More