What About my Credit Card?

Posted by & filed under Financial Reporting and Analysis, Student life.

Description: A number of measures have already been put in place to help Canadian consumers deal with the economic impacts from the COVID-19 virus. But, so far, those high credit card interest rates don’t appear to have been touched. With Canadians facing outright unemployment or reductions in hours worked, a break on credit card rates… Read more »

Now There Are 3

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

Description: US cellular customers are now dealing with a world in which there are only 3 major carriers. T-Mobile has received regulatory approval to purchase Sprint. Along with the deal, T-Mobile has promised to hold the line on rates and to improve service in rural areas. Some critics maintain that it will be very difficult… Read more »

No Merger?

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

Description: Canada’s Competition Bureau is warning against the proposed acquisition of Air Transat by Air Canada. The Bureau is concerned that the combination of the two carriers would make things worse for travelers by raising prices and reducing service. The two airlines have over 80 routes with overlap. Date:  March 27, 2020 Source:  thestar.com Link:… Read more »

SEC Investigating Under Armour’s Accounting

Posted by & filed under Financial Reporting and Analysis.

Description: Clothing company Under Armour has admitted it is under investigation by the Securities and Exchange Commission (SEC). The investigation has been ongoing since 2017. Speculation is that the investigation may be looking at revenue recognition issues. Date:  November 4, 2019 Source:  baltimoresun.com Link: https://www.baltimoresun.com/business/bs-bz-under-armour-invetigation-five-things-20191105-3a7dwxt3ujgabbitgq7rcjxwhu-story.html Discussion points:  1) Are you a user of Under Armour’s… Read more »

McDonald’s goes tech

Posted by & filed under eCommerce.

Description:  At $300 million, restaurant chain McDonald’s is using a major tech acquisition of Dynamic Yield Ltd to jazz up its menu experience. CEO Steve Easterbrook has been promoting technology – like the new order kiosks – as a differentiator for the fast-food giant. By using Dynamic’s technology, McDonald’s will be able to update its drive… Read more »

Taking on Airbnb

Posted by & filed under eCommerce.

Description:  An Alberta resident, David Jackel, has taken on Airbnb and won. Jackel had planned a Mexican holiday that included five weeks at a condo rented through Airbnb. But even though he had arranged the rental six months before his vacation, with just a scant three days to go before check-in, the online giant pulled… Read more »

I guess people were paying less . . .

Posted by & filed under Financial Reporting and Analysis.

Description:   With too much debt and too much inventory, Payless Shoes will be seeking bankruptcy protection. All of its almost 250 stores in Canada will be shutting down. The company missed its February rent payments on most of those stores, signalling bad news for employees and landlords. One has to wonder if online sales may… Read more »

Amazon and New York

Posted by & filed under eCommerce.

Description:   Amazon has pulled the plug on setting up a second HQ in Long Island, New York. Opposition had been rising to the approximately $3 billion in tax breaks Amazon was due to receive from putting offices in the Empire State. The argument seems to break down on two sides: one claiming Amazon is bringing… Read more »