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Insights Report HOURLY LABOUR MARKET INSIGHTS DECEMBER 2014 EDITION HOURLY LABOUR MARKET INSIGHTS DECEMBER 2014 EDITION This report is primarily focused on the hourly labour market in North America, giving an overview of key trends, insights and news articles surrounding this segment. Between September to December of 2014, retail hiring saw a 26% increase compared to the same time period the prior year. Findings show that between this time the top 3 roles most frequently posted for were front-line supervisors, salespersons and cashiers. According to Wanted Analytics, the top three retail companies with the highest volume of job postings between that time frame were The Dollar General, Lowe’s and Macy’s. Some big box retailers are looking to downsize in order to cater to limited real estate and more costly spaces in urban areas. These retailers are tailoring their product offerings to attract urban dwellers, while some big box retailers are choosing to keep their larger locations and allocate some of their space to complementary services. EXPANSION Lowe's is looking to expand Canadian Dollar General announced their operations, first with 3 new stores to aggressive expansion plans in 2015 be added to their current 37 Canadian to open 730 new stores and remodel locations by summer 2015. Each store 900 existing locations. will look to employ around 120 positions. La Maison Simons is a Quebec-based Rona is expanding their Reno-Depot fashion retailer planning to open 5 division outside of Quebec in 2015 to new locations by March 2017. Their Ontario and Alberta. Currently Reno- long term growth plans include adding Depot operates 16 stores, all within up to 20 new stores. Quebec. The American value-priced shoe Within the next year, Ikea plans to retailer, Designer Shoe Warehouse, open 10 smaller locations Canada- plans to open 4 locations in Canada wide in order to cater to more by spring 2015. Three will be in condensed retail areas. Alberta and the fourth in Toronto. Vancouver-based women's clothing Dogtopia, an American upscale doggy retailer, Aritzia, is looking to expand daycare franchise, is expanding to it's current store base with it's Canada with hopes to open 40 locations largest location that opened up in in the next 7 years. West Edmonton Mall. They are also looking to open free-standing stores for its TNA and Wilfred brands. HOURLY LABOUR MARKET INSIGHTS DECEMBER 2014 EDITION ! RETRACTION Reitmans, a Canadian women's Aeropostale will close 75 stores from clothing retailer, plans to close all 107 November to January 2015, with an Smart Set locations over the next year additional 50 to 75 locations to close and a half. 76 stores will be converted this year. The company reported to other brands and 31 stores will losses of $52M in their third quarter close. in 2014. Mexx is a Dutch specialty fashion Roots Canada's last franchise retailer with 800 stores operating location in Charlottetown is closing. across 55 countries. All 95 Mexx The existing space in Charlottetown locations in Canada are set to close. is said to house "Cool as Moose" On December 19th, Mexx Canada another franchise clothing retailer. started their going-out-of-business sales. ACQUISTION The federal government approved Canada's Convenience retailer, Burger King's acquisition of Tim Alimentation Couche-Tard, agreed Hortons for $12.5B. However Tim to acquire The Pantry for $860M. Hortons will continue to operate in This will add 1,512 locations to Canada as a standalone brand. Couche-Tard's 6,303 outlets. American grocery retailer, Haggen, After much discussion, Bell and will expand from their 18 stores to 164 Rogers agree to evenly split ownership stores. The acquisition growth comes of Canadian mobile phone retailer from a divestment process due to the Glentel. The acquisition totaled Albertson's and Safeway merger. $670M. Glentel operates 500 outlets in Canada and 700 in the US. DOWNTURN Le Chateau experienced a net loss Ebay is looking to cut around 3,000 of $11.1M in their third quarter and jobs within the year. This will affect currently operates 224 locations in about 10% of their core Canada. In the same quarter last marketplace workforce due to year, the Montreal clothing retailer adjustments in their PayPal noted a loss of $5M. payment unit. Target did not fare well during the holiday shopping season. It posted a $211M USD loss in Canada in their last quarter and may result to closing their 133 Canadian locations. STAY C O N N E C T E D MINDFIELDGROUP.COM [email protected].
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