TORONTO (Reuters) – Can Canada produce another retail sensation like Lululemon Athletica Inc (LLL.TO: Quote, Profile, Research, Stock Buzz), the yoga and sportswear maker that has grown nearly three-fold in as many years?
U.S. private equity firms flush with deployable cash are scouring Canada’s retail landscape to find out, said Ken Tuchman, vice-chairman of investment and corporate banking at BMO Capital Markets.
TORONTO, March 27 (Reuters) – Well-known Canadian clothiers
Le Chateau (CTUa.TO: Quote, Profile, Research, Stock Buzz), Jacob and Reitmans (RET.TO: Quote, Profile, Research, Stock Buzz) could become
takeover targets as a wave of U.S. retailers follows Target
Corp’s (TGT.N: Quote, Profile, Research, Stock Buzz) lead and seeks opportunities north of the
There are plenty of reasons why Canadian retailers have
become so appealing: the country’s robust retail market, a
healthy economy, proximity to the huge U.S. market, a common
language and lower valuations of Canadian companies.
TORONTO, March 21 (Reuters) – As the share price of
sportswear retailer Lululemon Athletica Inc (LLL.TO: Quote, Profile, Research, Stock Buzz) (LULU.O: Quote, Profile, Research, Stock Buzz)
heads toward the cost of its trendy $100 yoga pants, some
investors wonder if the market darling is heading for a fall.
The stock was at C$74.50 in Toronto on Monday, more than
double last August’s 52-week low of C$33.11, but still below
last month’s record high of C$84.36.
TORONTO, March 17 (Reuters) – Lululemon Athletica Inc
(LLL.TO: Quote, Profile, Research, Stock Buzz) (LULU.O: Quote, Profile, Research, Stock Buzz) posted a higher quarterly profit on Thursday,
but said it was unable to meet the soaring demand for its yoga
and activewear gear in the current period.
U.S.-listed shares of the specialty clothier, which expects
cost pressures in 2011, initially dropped 6 percent in trading
before the opening bell, but later recovered somewhat.
TORONTO (Reuters) – Bauer Performance Sports Ltd (BAU.TO: Quote, Profile, Research, Stock Buzz), creator of the modern ice hockey skate, says it expects its initial public offering this week to herald growth in existing markets and expansion into new ones through acquisitions.
The 84-year-old Canadian company, now the world’s biggest maker of ice hockey gear, launched a C$75 million ($77 million) IPO on Thursday, floating a 30 percent stake.
TORONTO, March 6 (Reuters) – The imminent arrival of Target
Corp (TGT.N: Quote, Profile, Research, Stock Buzz) and other U.S. chain stores in the Canadian market
may drive smart investors to Canadian retailers that are most
insulated from the cross-border incursion.
Stores that compete most directly with Target, notably
clothiers and department stores, are not in an envious
TORONTO, March 4 (Reuters) – SNC-Lavalin Group Inc (SNC.TO: Quote, Profile, Research, Stock Buzz)
posted a sharp rise in quarterly profit and upped its dividend
on Friday, even as the Libyan crisis prompted a flat earnings
outlook after at least six straight years of profit growth.
The robust earnings report from SNC, one of the world’s
biggest engineering and construction companies and Canada’s
largest, comes just days after the Libyan crisis brought
several big projects projects it has undertaken in the country
to a halt.
TORONTO, Feb 23 (Reuters) – Tim Hortons Inc (THI.TO: Quote, Profile, Research, Stock Buzz),
Canada’s biggest restaurant chain, on Wednesday posted strong
quarterly sales growth in stores opened at least a year,
especially in the U.S. market, sending its shares higher.
The sales performance may have helped investors look past a
quarterly profit that was little changed from a year earlier
and came up short of analysts’ average forecast. The company
issued a full-year forecast that was in line with market
TORONTO, Feb 17 (Reuters) – Canada’s Jean Coutu Group Inc
(PJCa.TO: Quote, Profile, Research) expects growth in the volume of generic drug sales at
its pharmacy chain to compensate over time for changes in
government programs designed to lower prices.
Reforms put into effect last year by Quebec’s provincial
government will drive more sales of generic drugs in the long
term, said Francois Coutu, chief executive of Longueuil-based
Jean Coutu, which mostly operates in the French-speaking
TORONTO, Feb 10 (Reuters) – Canadian Tire Corp (CTC.TO: Quote, Profile, Research, Stock Buzz)
(CTCa.TO: Quote, Profile, Research, Stock Buzz) said on Thursday quarterly earnings rose on improved
margins and lower interest costs, but the retailer missed
analyst forecasts because of a tax reporting change.
The company, which operates 482 Canadian Tire stores,
reported a 2.4 percent rise in consolidated retail sales. But
sales at stores open a year or longer, a key measure for
retailers, fell 0.4 percent.