Loblaws Delivers

Posted by & filed under eCommerce.

Description: About a month ago, this blog addressed Loblaws plans to cut costs by laying off 500 administrative staff. This week Loblaws took another step down the cost-cutting road by announcing that it would close 22 money losing stores. But, it’s not a total retreat.  The company also announced it was starting up a delivery… Read more »

Blackberry turns from red to black

Posted by & filed under Corporate Strategy, Financial Reporting and Analysis.

Description: Once one of the top handset phone makers in the world, Blackberry has been on steady financial decline since the introduction of the iPhone and various Android smartphones. But Blackberry is bouncing from red ink to black, with the latest quarterly results showing a profit of approximately $19 million. The profit signals possible success… Read more »

Banks closing branches

Posted by & filed under eCommerce, Student life.

Description: With more and more banking transactions being handled on line, Canadian banks are looking to close branches after years of growth up to about 2014. The Globe and Mail newspaper reported “dozens” of branches would be closing. Approximately 55 % of Canadians say they do their banking on the internet. Date: January 11, 2017… Read more »

Trump sparks good times at the NY Times

Posted by & filed under eCommerce, Marketing & Strategy, MD&A.

Description: The New York Times – America’s paper of record – has seen a major jump in subscribers since Donald Trump’s election victory. In the week after Trump’s election, the Times added approximately 41,000 subscribers. This represents the largest subscriber increase since the newspaper’s paywall went into action in 2011. Date:  November 17, 2016 Source:… Read more »

Canadian Tire changes course

Posted by & filed under eCommerce, Marketing & Strategy.

Description: Canadian Tire is cutting its capital expenditures for 2017 as it shifts its strategic focus to online sales and away from bricks and mortar.  Part of this strategy will see Canadian Tire placing increased reliance on private label brands like its Mastercraft tools. Meanwhile, investors seem to like Canadian Tire’s performance as earnings per… Read more »

Challenging the puppet economy

Posted by & filed under eCommerce.

Description: Last week’s Wiley Weekly Accounting Updates featured a story on job churn: a concept voiced by the Finance Minister Bill Morneau to discuss the world of vanishing permanent jobs. And certainly one cause of job churn has been the so-called gig economy, where businesses like Uber maintain tall those drivers picking up passengers under… Read more »

Watch that password

Posted by & filed under Data security, eCommerce.

Description:  Splashdata is a tech company that has developed a software tool for managing passwords. And each year Splashdata entertains and educates us by publishing a list of the 20 worst passwords. This year’s worst two are unchanged from the previous results – “123456” and “password” still top the list. And what makes it worse,… Read more »

Fear of Fintech

Posted by & filed under eCommerce, Managerial Accounting.

Description: Technology disrupts. Ask the taxi drivers upset with Uber. Or the hotel owners coping with competition from Airbnb. Now the banking industry is concerned that so-called fintech startups may cause users to question the value of a relationship with a traditional bank. For example, new payment processors are offering businesses much lower transaction fees… Read more »

Lighter than expected

Posted by & filed under Data security, eCommerce.

Description: There were still lineups of course. And many retailers were offering deals. But Black Friday this year seemed to have less retail store traffic in the US than in some prior years. Of course, now with some retailers opening on Thanksgiving Thursday, some consumers may have already made their purchases.  And online purchases were… Read more »