John's Feed
Jul 15, 2011

Valeant aims to become top player in skincare

TORONTO, July 15 (Reuters) – Valeant Pharmaceuticals
International Inc (VRX.TO: Quote, Profile, Research, Stock Buzz) (VRX.N: Quote, Profile, Research, Stock Buzz) wants to become the world’s
biggest player in the skincare sector in about five years, its
top executive told Reuters on Friday.

The company has been signaling its intent with a string of
recent mid-sized acquisitions in the highly fragmented but
lucrative dermatology sector.

Jun 28, 2011

Canadian Tire pushes into big appliance market

TORONTO, June 28 (Reuters) – Canadian Tire Corp (CTC.TO: Quote, Profile, Research, Stock Buzz)
(CTCa.TO: Quote, Profile, Research, Stock Buzz) is pushing into the C$3 billion ($3 billion) a yearlarge-appliance market to sustain sales growth as competition
in Canada’s retail industry heats up.

The retailer — which already sells small appliances as
well as automotive products, electronics, sports gear and other
hard goods — hopes its customer base will now linger at its
ubiquitous stores a little longer to make pricier purchases.

Jun 27, 2011

Lululemon eyes $1 billion in revenue

TORONTO/NEW YORK (Reuters) – Lululemon Athletica Inc (LLL.TO: Quote, Profile, Research, Stock Buzz) (LULU.O: Quote, Profile, Research, Stock Buzz) is not feeling threatened by new premium yoga lines from big-name sportswear manufacturers such as Nike (NKE.N: Quote, Profile, Research, Stock Buzz) and Adidas (ADSGn.DE: Quote, Profile, Research, Stock Buzz), despite worries that competition might cut into its phenomenal growth curve.

The Vancouver-based yogawear retailer expects to hit $1 billion in revenue during fiscal 2012, as productivity at its U.S. stores, once a cause for concern among investors, climbs closer to that seen in its highly profitable Canadian outlets.

May 24, 2011

Harry Winston plans rapid China growth

TORONTO/NEW YORK (Reuters) – Harry Winston Inc, the luxury jewelry and watch retailer, is looking to more than double its store count in five years by tapping lucrative markets such as China, Russia and Dubai, its top executive said on Tuesday.

Its aggressive expansion plans will boost sales growth and take its store total to 50, from 19 currently, Chief Executive Frederic de Narp said.

May 16, 2011

Buffalo Wild Wings begins Canada push

TORONTO (Reuters) – Buffalo Wild Wings Inc (BWLD.O: Quote, Profile, Research, Stock Buzz) expects to generate annual sales of $150 million in Canada in five years as it makes its first foray outside the United States, its top executive said on Monday.

The U.S. sports bar chain, known for its namesake spicy Buffalo-style chicken wings, is at the start of an international expansion drive in which it also plans to set up shop in Britain and the Middle East, Chief Executive Sally Smith told Reuters in an interview.

May 13, 2011

Tim Hortons sees U.S. as prime growth opportunity

TORONTO (Reuters) – Tim Hortons Inc (THI.TO: Quote, Profile, Research, Stock Buzz) (THI.N: Quote, Profile, Research, Stock Buzz) isn’t content to be Canada’s largest restaurant chain, not when the biggest consumer market in the world lies at its doorstep.

Even though Canada’s coffee-and-donuts king has stumbled in the past in trying to replicate its success in the United States, it sees its latest marketing drive south of the border leading to strong sales momentum.

May 12, 2011

Tim Hortons sales growth slows, shares drop

TORONTO, May 12 (Reuters) – Tim Hortons Inc (THI.TO: Quote, Profile, Research, Stock Buzz)
(THI.N: Quote, Profile, Research, Stock Buzz) reported a higher quarterly profit on Thursday but
missed market estimates as sales in Canada were hurt by
investments in promotions and unfavorable weather.

The stock, up about 17 percent in the last three months
ahead of Thursday’s report, fell 5 percent.

May 12, 2011

DSM sees attractive targets in India, China

TORONTO (Reuters) – Cash-rich Royal DSM NV, the world’s biggest vitamins maker, is looking to make acquisitions in India and China, possibly including one big one, as it aims for rapid growth in emerging-market economies, its top executive says.

The Dutch company’s chief executive, Feike Sijbesma, who recently led a $1.1 billion deal to buy U.S. baby food ingredients maker Martek Biosciences Corp, said there is tremendous urgency to DSM’s moves to expand in emerging markets.

May 11, 2011

Canada’s Gildan profit rises with price increases

TORONTO, May 11 (Reuters) – Clothing maker Gildan
Activewear Inc (GIL.TO: Quote, Profile, Research, Stock Buzz) (GIL.N: Quote, Profile, Research, Stock Buzz) reported a higher quarterly
profit on Wednesday, topping analyst estimates, as price
increases and greater sales volumes overshadowed a rise in raw
material costs.

The maker of basic clothing items such as T-shirts, socks
and underwear also raised its full-year outlook on the back of
the recently announced acquisition of U.S.-based sock maker
Gold Toe Moretz Holdings for about $350 million and more
planned price increases.

May 10, 2011

Rona sales tumble, shares drop 10 pct

TORONTO, May 10 (Reuters) – Rona Inc (RON.TO: Quote, Profile, Research, Stock Buzz) reported a
wider-than-expected quarterly loss on Tuesday as homeowners
pulled back on renovation projects, leading to a sharp decline
in sales at Canada’s No.1 do-it-yourself chain.

The company’s shares tumbled after it said sales at
established stores fell 12.6 percent in the first quarter. The
stock slumped as much as 10 percent to its lowest in almost two
years.