Description: Lululemon has won the right to be the exclusive clothing outfitter for our Canadian Olympic teams through to 2028. Bruce Winder, a Toronto based analyst, termed this move as a “game-changer” for Lululemon. The costs of the deal have not been disclosed, though Lululemon has pledged a proportion of associated sales will help fund… Read more »
Posts Categorized: Marketing & Strategy
Big Bets
Description: The NFL is off and running for another season. And with this kickoff comes the news of just how much betting is going on out there. Legal bets on college and NFL football are likely to exceed $20 billion this year. With news like that, Draft Kings stock has been up 17% over the… Read more »
Beer Store Losing Money?
Description: It’s a headline that sounds like a joke: the Beer Store is losing money. But the retailer owned by the big breweries has lost about $50 million in the last year. Part of the problem is the pandemic, with tavern closures shutting down the sales of kegs. The availability of beer at grocers has… Read more »
The High Cost of Construction
Description: The nesting phenomenon – people renovating homes during the Covid-19 pandemic – has bumped up both lumber demand and prices. And, of course, this has driven up the cost of building a new home. The cost of thousand board feet of 2×4 has increased from $550 pre-Covid to over $1,400 this spring. Ouch! Date:… Read more »
Canada Goose Flying
Description: Despite the global corona virus pandemic, Canadian clothier Canada Goose has been flying high. With traditional retail establishments in reduced operations, Canada Goose has taken advantage of digital commerce. With three of its eight Canadian factories unionized, CEO Dani Reiss has also spoken out against the notion that the maker of luxury jackets is… Read more »
Defying the Odds
Description: Many would probably say that the pandemic has been a terrible time for business. But a number of entrepreneurs have confounded the conventional wisdom by starting businesses in Canada during these tough times. For instance, Mike Livingstone saw losing his job as an executive in the transportation business as a chance for him to… Read more »
Changes Coming
Description: For the last year or so, grocery stores have done quite well. Shuttered restaurants boosted sales at grocers as consumers were unable to eat out as they had been doing pre-Covid. Loblaws has reported its sales are up 10% over the previous year, but expectations are that 2021 will not see the same levels… Read more »
Under Armour
Description: Despite the tough times for many businesses during the pandemic, Under Armour showed strong quarterly results in recent reporting, with revenue exceeding expectations. Under Armour, like some of its competitors in the athletic wear segment, is trying to take advantage of the workout at home boom in a time of social isolation. E-commerce sales… Read more »
Mortgage Below 1%
Description: This may never have been seen in Canada before: a mortgage rate below 1%. CanWise Financial’s President, James Laird, stated that the 0.99% figure HSBC placed on offer is “definitely eye catching.” And that may just be the point. Samantha Brookes, the CEO of Mortgages of Canada observed that “banks are being aggressive in trying… Read more »
Loblaws: Dividends Up; Hero Pay Over
Description: Grocery chains have been among the winners during the pandemic. With more people working at home, and restaurants either operating under restrictions or not operating at all, grocers are growing their sales. Loblaws has decided to bump up its dividends to shareholders given that profits were up in the most recent quarter. Left on… Read more »
Understanding Financial Accounting
Intermediate Accounting, 13th Edition
Financial Accounting, 8th Edition
Auditing: A Practical Approach, 4th Edition
Managerial Accounting, 6th Edition
Accounting Principles, 9th Edition