Thursday , June 30 2022

Ikea adapt to consumers – Business News



[ad_1]


Nov 28, 2018 / 7:25 am | Story:
243 110

Sales & # 39; new US homes fell by & # 39; 8.9% in & # 39; in October, because the number of & # 39; house newly sold and unsold in the market climbed to the highest level since 2009.

The Department of Commerce said Wednesday that new homes sold by & # 39; seasonally adjusted annual rate of & # 39; 544 000 in the last month. Sales in new home fell in & # 39; & # 39 four, the last five months. Over the past year, sales & # 39; new homes fell 12 percent due to higher rates of & # 39; mortgages caused buyers to return.

The report adds to evidence that the housing market after years of stalled U.S & # 39; prices throws faster than with income. The pressures on the accessibility were offset by rates & # 39; historically low mortgages, but borrowing costs for homeowners reduced after President Donald Trump signed tax cuts financed by the law deficit -aħħar of last year. Sales & # 39; existing homes dropped 5.1 percent this year, the biggest annual decline recorded by the National Association of & # 39; Realtors from July 2014.

The buyer & # 39; the mortgages Freddie Mac said the average rate on the benchmark & ​​# 39; mortgages & # 39; 30 years was 4.81 percent last week from 3.92 percent a year ago.

Reducing homebuilders leaving a house listed for sale 336 000. That is the highest level since January 2009, when the real estate market was still chosen by the balloon remnants of homes last decade.

Sales & # 39; new home fell last month & # 39; in the Northeast, Midwest, South and West.

The median sales price fell 3.1 percent from a year ago to $ 309 700.

58 692


Nov 28, 2018 / 07:02 am | Story:
243 106

The National Basketball Association reached an agreement to provide official tournament data to licensed providers & # 39; sports betting.

In the pact announced Wednesday morning, the NBA is joining with & # 39; Sportradar and Sports Genius to distribute the betting data to the NBA sports betting providers in the United States.

The championships & # 39; sports once ġielu against returns & # 39; betting on sports strongly increasingly trying to enter it now is legal.

On Tuesday, the Major League Baseball merged with & # 39; MGM Resorts to become the official gaming partner in the United States and Japan. MGM Resorts previously reached similar deals with & # 39; the NBA, WNBA and NHL.

FanDuel joined & # 39; the NHL franchise and his New Jersey Devils this month to sports betting and gaming & # 39; the fantasy sports.


Nov 28, 2018 / 6:58 am | Story:
243 102

The executives & # 39; Alimentation Couche the Late say they are "excited" by the growth and popularity of & # 39; smoking products with & # 39; a low risk, but are keeping an eye on savory cigarette pods made Juul Labs.

Juul based in & # 39; California urged controversy when sent mango grain, fruit and cucumbers from US shelves in an effort to reduce their appeal to minors, but decided to continue to sell its products in Canada.

Brian Hannasch, the president and chief executive of the convenience store chain based in & # 39; Que, says Couche Late is focused to ensure that no part of the problems associated with & # 39; such products .

He says Couche Late reviewed the processes and its practices to make sure that does not sell these items to consumers under age, but want to work with & # 39; partners to understand how the products can be sold with & # 39 a safe way.

Hannasch also says that the market has seen a bump & # 39; short of these products he feels "optimistic" about the future & # 39; of alternative tobacco products.

Late Couche made the comments during a call & # 39; & # 39 conference with; financial analysts to discuss its latest quarterly results. The company took expectations as its net profit increased by & # 39; 9 percent in its most recent quarter in part to lower purchases and taxes.

56 494


Nov 28, 2018 / 6:37 am | Story:
243 090

The overall vacancy rate of Canada fell for a second consecutive year, as demand for housing grew by & # 39; faster pace than supply, according to the Canadian Mortgage Housing Corp.

the housing agency says in 2018, the rate of & # 39; vacancies across the country & # 39 was in its review of the annual rental market; 2.4 percent, from three percent in 2017.

CMHC says that demand for rental accommodation increased by & # 39; faster pace than supply. He found that the number of & # 39; & # 39 occupied units rose; 2.5 percent in & # 39; in October 2018, compared with & # 39; & # 39 increase; 1.9 percent in the same month a year before.

Ontario, B.C. and all Manitoba saw an increase in its holiday rates, while the provinces & # 39; Quebec, Alberta, Saskatchewan and Atlantic all fell.

The report, which looked at & # 39; property rental condo units and apartments available for rent, found that the average rent for an apartment & # 39; two rooms exceeded by 3.5 percent from October 2017 to October 2018. This increase was higher than the rate of & # 39; inflation during this period.

B.C. saw the largest increase in rent, b & # 39; Kelowna recorded a 9.4 per increase. Saskatchewan, the province with the highest rate of & # 39; vacancies, saw rents decline slightly, b & # 39; 0.5% in & # 39; Regina.

F & # 39; October, Vancouver had the highest average monthly rent for an apartment & # 39; two-bedroom for $ 1,649, followed by Toronto and Calgary for $ 1,467 to $ 1,272.

Trois-Rivieres, Que., Has had the lowest average rent in a month & # 39; & # 39 October in; W. 601, followed by Saguenay, Que., For $ 608 and Sherbrooke, Que., For $ 639.


| Story:
243 088

Ħaddieba of & # 39; airport drop by the store & # 39; IKEA of & # 39; Warsaw during the break & # 39; its meal to end plans to change housing. Around her, people destroy & # 39; inside and & # 39; outside the shop, putting & # 39; small things to household f & # 39; big yellow bags as cafe tables complete with & # 39; people just stopped for lunch.

The store m & # 39; is one of the maze like stores outside away, they need a car to visit, but shop like any other in & # 39; center & # 39; purchase & # 39; city ​​center. The giant retail Swedish plans to open smaller stores in such major cities around the world as part of a broader transformation & # 39; to adapt to changes in consumer habits. Compared with & # 39; only ten years, the x & # 39 buyers, likely to be living in & # 39; urban and m & # 39; have a car, and often have location nearby to look at items like furniture personally before ordering things on the internet.

"I liked the idea because you & # 39; is any time", said Angelika Singh, the airport worker, a & # 39; 29 years, as finalized an order for a new kitchen. "Mostly when you go to Ikea, you need to have a whole day free, or at least half a day free, because it & # 39; away."

The store & # 39; Warsaw is located on two floors covering nearly 5,000 square meters (54,000 square feet), about a quarter & # 39; Traditional store & # 39; big boxes. Similar shops have also opened in big cities like Madrid and London and more are expected, b & # 39; one of next year at & # 39; Paris, among other places.

Purchasers can buy cushions, curtains and other household items. They can design the layout of the bedrooms and kitchen at computer stations. But those who hope to buy a library or bedroom they find stored in & # 39; large warehouse, although they may prescribe such kiosks and place them in the & # 39; home.

As such, offers experience & # 39; very different from the usual shopping visit to one of the big warehouse stores.

"Ikea has been making almost the same for 70 years. It was a cash company, and yet the majority of its sales", said Andreas Flygare, the project manager for the store & # 39; Warsaw. Now, explained, the company must adapt to consumer environment has changed with & # 39; dramatically in the last 10 years.

"You have companies like Amazon and Uber are raising the space to what is expected. Because if it & # 39; you delivery on the same day, or Uber is two minutes & # 39; away, influence other companies, like Ikea, interview in the cafeteria of the store. "can & # 39; be very hard environment. Everything is changing so rapidly ".

Ikea While still profitable, its profit has recently been growing more slowly than expected.


Nov 28, 2018 / 5:31 am | Story:
243 084

Withdrawal & # 39; "baby boom" will lead to a major transfer & # 39; business ownership over five years to 10 years, but only a small percentage of & # 39; owners should plan & # 39; formal written succession, says the Canadian Federation & # 39; Independent Business.

F & # 39; report released Wednesday, the CFIB suggests that 47 percent of business owners b & # 39; small or & # 39; medium-sized enterprises (SMEs) intend to leave their business in next five years and 72 percent plan to become within ten years.

However, the CFIB report said only eight percent of owners surveyed had a plan & # 39; formal and written succession. About 51 percent had no plan and 41 percent had an informal plan.

"While it is encouraging that a good proportion of & # 39; business owners intend to pass their business to a new generation, lack of & # 39; formal planning give rise to significant risks to the competitiveness and -prosperità of Canada ", said the CFIB in & # 39; report by analyst Marvin Cruz.

"B & # 39; potential & # 39; more than $ 1.5 trillion in & # 39; assets changing hands over the next 10 years, Canada can not afford to have so many owners & # 39; SME not prepared to make that transition. "

The conclusions of the CFIB are based on online surveys & # 39; 2,507 owners & # 39; small businesses that were in & # 39; last May.

F & # 39; & # 39 four, five cases, the withdrawal has been cited as the reason for starting a business planned. Other reasons included transfer to another business or non-business & # 39; profit in their current enterprise.

About 62 percent & # 39; those respondents said they rely on selling their business as a retirement income source.

The CFIB said plans & # 39; formal succession have the advantage of being developed with input & # 39; professional advisers who can help in developing & # 39; timetable and process to find a solution to the dispute.

It also identifies a number of & # 39; obstacles to the creation of & # 39; a & # 39; succession plan – like family members who do not want to take business and entrepreneurs prefer starting a new business than to buy an existing business.

"Currently, there are few options in Canada to connect those looking to stand their business with & # 39; those who might be interested in buying a business and can & # 39; be an area for governments to explore", says report.

It also suggests that the government changes the tax rules for transfers & # 39; small businesses to family members being treated & # 39; similarly to non-family buyer.

Under the current rules, gains in business value over the possession of the owner is treated as a dividend if sold to a family member and a capital gain if sold to non-family buyer.

"In fact, these rules could discourage the transfer of & # 39; business to a family member because the transaction does not include the right to exemption of capital gains lifetime and therefore more taxed."


Nov 27 2018 / 4:41 pm | Story:
243 054

Donald Trump ittweeted shot & # 39; alert during the bumper & # 39; before GM Tuesday, threatening to pull all US subsidies for the largest American automaker if its plans to cut jobs and production in & # 39; of American plants & # 39; On show are a precursor to building & # 39; interconnected electric cars in China.

The senior economic adviser to US President was in the middle of & # 39; briefing on the White House when trump its most broad vision, 24 hours after General Motors announced plans to cut more than 14,000 jobs and terminate production in & # 39; five plants, including one in & # 39; Oshawa, Ont.

"The United States rescued General Motors, which is to get THANK YOU!" Trump tweeted, noting that GM facilities both in China and in Mexico seemed to have emerged unscathed. "Now we are looking at reducing all GM subsidies, including for electric cars. China years ago when it built a plant (and Mexico) General Motors made a big chance & # 39 – I do not think -imħatra will pay. here to protect Workers & # 39; America! "

The company said the cuts – 2,500 jobs in & # 39; Oshawa, Canadian heart & # 39; GM, as well as 3,300 production workers in the US and 8,000 employees b & # 39; salary – party dramatic course correction aimed at better positioning GM for dominance & # 39; electrified, interconnected and automated cars.

But it was difficult to start from the fact that most of the decline in the US came in the Midwest Rust Belt, a region that has been instrumental in raising Trump and his promising agenda, "America First" to White House in 2016.

They also cast pall on the signing of & # 39; this week the US-Mexico-Canada Agreement, the successor won the NAFTA to Larry Kudlow, director of the National Economic Council, acknowledged On Tuesday was designed to foster the growth of the automotive sector.

"(Trump) believes – as saying that the Prime Minister of Canada (Justin) Trudeau believes that the agreement USMCA was & # 39; a great help for the auto industry and auto workers.

"There is disappointment that seems to GM, rather its electric cars in China than the US, and will look at certain subsidies regarding electric cars and other, whether to apply or not".


Nov 27, 2018 / 12:25 pm | Story:
243 031

The president & # 39; Unifor, Jerry Dias, says the plan & # 39; General Motors to close its car plant in & # 39; Oshawa, Ontario put it on the brink of leaving Canada completely.

The head & # 39; the largest union of private sector in Canada represents about 2,500 workers at the car factory plans to close at the end of & # 39; 2019.

After meeting & # 39; with Prime Minister Justin Trudeau in & # 39; Ottawa on Tuesday, GM said Dias ran output & # 39; five models & # 39; vehicles to Mexico and the United States in the last few years, and if the plant & # 39; Oshawa close, the company will only have one here.

Dias argues that if General Motors cease making cars in Canada, destroys parts industry and this causes major problems for other car companies.

He says that labor standards in Mexico are low and Trudeau should work with President Donald Trump to keep manufacturing jobs from moving south.

Dias says that the renewed agreement NAFTA would help eventually, but the parts that apply to the automotive sector will not start the year and until then can & # 39; it's too late.


Nov 27, 2018 / 10:17 am | Story:
243 006

The Bank & # 39; Nova Scotia plans to sell its banking operations in & # 39; nine & # 39; the Caribbean countries and its & # 39; insurance operations in & # 39; two other regional markets – and its chief executive expects more international divestitures in the pipeline.

Scotiabank said Tuesday that it signed an agreement to sell its banking operations in & # 39; nine & # 39; markets "non-core" – including Grenada, Saint Lucia and St. Maarten – for Republic Financial Holdings Ltd. to undisclosed amount.

The bank also said that its subsidiaries in Jamaica and Trinidad and Tobago will sell their & # 39; insurance operations and joining & # 39; Sagicor Financial Corp. Ltd. to provide products and services in both countries, for undisclosed amount.

These issue are part of a broader strategy & # 39; of & # 39; Scotiabank to "focus our attention, increase in scale & # 39; geographies and major businesses, improve the quality of earnings and reduce the risk to the bank".

The bank intends to continue & # 39; in the key markets of the Caribbean as well as in countries of the Pacific Alliance of Peru, Chile, Colombia and Mexico, but there are more on divestments horizon, told analysts on a conference call.

"We have a few more to go and you will hear & # 39; most of us in 2019, but they do not belong to America or the Pacific Alliance," said Porter.

The divestments were announced as the lender based in & # 39; Toronto reported its earnings for the quarter ending on 31 & # 39; in October, and managed its 2018 financial year with & # 39; increase & # 39; nearly 10 percent in its profit & # 39; 4 months compared with & # 39; a year ago, short of market expectations.

Scotiabank earned $ 2.27 billion or $ 1.71 per diluted share for the quarter came in 31 & # 39; in October, from $ 2.07 billion or $ 1.64 per diluted share in net income during the same time young last year.

On adjusted basis, the bank reported a profit share with & # 39; & # 39 share, compared with $ 1.77 & # 39; $ 1.65 a year ago. Analysts on average had expected adjusted diluted earnings per share & # 39; $ 1.79 during the fourth & # 39; a quarter of the bank, according to Thomson Reuters Eikon.

Scotiabank is the first partners to report earnings for the financial year & # 39; per year and its full quarterly. Royal Bank of Canada, Toronto-Dominion Bank and Canadian Imperial Bank of Commerce, report later this week.

For its full financial year 2018, says Scotiabank earned $ 8.72 billion or $ 6.82 per diluted share, compared to & # 39; & # 39 profit; $ 8.24 billion or $ 6.49 per diluted share in 2017.

The recent bank acquisitions – including a majority share in & # 39; Chilean banks – increased more than anticipated at the bottom, said John Aiken, an analyst with & # 39; & # 39 in Barclays, Toronto.

"In addition, Scotia could not escape the capital market weakness in the quarter, despite lower relative exposure," said f & # 39; service to customers. "Despite the death, we believe that there are significant grounds for optimism & # 39; forward, including x & # 39; likely operational improvements & # 39; leverage as acquisitions are integrated and improve the feeling with the removal a & # 39; certain operations in the Caribbean considered non-core.


Nov 27, 2018 / 10:16 am | Story:
243 005

Accenture will add 800 new technology jobs in Canada by the end of 2020.

The consulting company says that jobs will be focused on the digital economy and will include designers, data scientists, engineers and workers based analytics.

The positions will be in the majority located in major cities across the country and will join the 5,000 employees & # 39; Accenture already working in Canada.

Accenture also invest in the expansion of the program & # 39; his apprenticeship to increase the chances of & # 39; work based on digital to underrepresented communities.

The company announced the following efforts as revealed center & # 39; new innovation in the financial district & # 39; Toronto aims to use technology, including artificial intelligence and blockchain to solve customer challenges.

The new location of & # 39; Toronto that employs 300 workers join & # 39; network & # 39; Accenture operates 10 centers across North America & # 39; On.


Nov 27, 2018 / 5:14 am | Story:
242 973

There has been a dramatic increase in the number of & # 39; raised complaints against telecommunications providers of Canada, according to an annual report released Tuesday by the private sector entity assigned to resolve the disputes brought by customers could not get satisfaction directly from their supplier. .

The complaint raised by 14 272 customers in telecommunication and Canadian TV during the 2017-18 period increased 57 percent from the previous year, while the total number of & # 39; 67 issues rose on increased percent to 30 734, the Commission for Complaints for Telecommunications Services says in its report for the 12 months from 1 & # 39; August 2017 to 31 & # 39; July 2018.

"With the addition of & # 39; television complaints to our office in & # 39; September 2017, we we anticipated increase – but not the 57 percent we have received", said the commissioner of the CCTS Howard Maker in -Report.

But, Maker added, less than five percent of the complaints related to TV alone.

"The increase was the same types & # 39; issues that Canada complained historically: transactions & # 39; sales go wrong, does not work as expected service, and & # 39; accounting problems."

The CCTS is an independent body funded by the industry ten years working under a mandate from the federal regulator of Canada.


26 & # 39; November 2018 / 7:04 pm | Story:
242 968

Maple Leaf Foods Inc. is building a facility & # 39; & # 39 fresh poultry; $ 660 million in & # 39; London, Ont., Which will improve its capacity to process products & # 39; higher margins by closing three plants in the province aging.

The protein company will invest $ 605.5 million starting in the plant that will serve the Eastern Canada and 5 million additional dollars in related projects over the next five years, while $ 34.5 million will come from the government a & # 39; Ontario and an additional $ 28 million from the Canadian government.

This will lead to a net reduction of & # 39; about 300 jobs.

The new facility will cover about 60,000 square meters and employs 1,450 full-time workers and part-time once they start operations, which is expected in the second quarter of 2021. Construction will begin this spring.

"It will enhance and strengthen the poultry industry in Canada over the next several years," said CEO & # 39; Maple Leaf Michael McCain f & # 39; conference call after the closed markets on Monday .

Chicken protein is the most consumed meat and fastest growing in Canada.

McCain said the plant is the largest investment & # 39; one site ever in the Canadian food industry. Production by three other plants & # 39; Maple Leaf eventually be consolidated in the new facility, the company said.

Its plant & # 39; St Mary expected to close by the end of & # 39; 2021 and its facilities & # 39; Toronto and Brampton will close by mid-2022.

"These good servewna plants but are now 50-60 years old and are growing well because the place, the footprint or infrastructure and approaching the end of their productive capacity", said McCain analysts.

McCain said that "deep" regrets the impact on existing employees, but the plant will enable to earn & # 39; and an extra $ 105 million in & # 39; Beit adjusted (earnings before interest, taxes, depreciation and amortization), boneless poultry meal and packed with the tray. It will also help expand retail sales and supply branded fresh chicken for two other facilities that make meat sliced ​​& # 39; and cooked.

The new plant, to be located near Highway 401, leads savings of & # 39; costs more than 30 percent from lower labor, overhead and distribution and increase & # 39; capacity & # 39; & # 39 third party can; expanding to meet growing demand.

"It will be, with the best of our knowledge, the most technologically advanced one facility of its kind in the world."

The company plans to provide affected employees with & # 39; opportunities & # 39; work at the new facility or in & # 39; other plants to operate, he said, as well as services to help them eventually find a new job.

More Business News

[ad_2]
Source link