TORONTO, Jan 15 (Reuters) – Sears Canada Inc plans
to cut more than 1,600 jobs, or more than 7 percent of it
workforce, this year as it reorganizes and outsources some of
its business, the struggling department store operator said on
Sears Canada, controlled by Sears Holdings Corp,
said it signed an agreement with IBM Corp to take over
work currently handled internally, a move that affects 1,345
jobs at three call centers over the next nine months.
TORONTO, Jan 14 (Reuters) – After a year of bungled public
relations and messy quality and supply-chain troubles, Lululemon
Athletica Inc is committed to fixing the problems that
have marred its trendy image, a top executive at the yogawear
retailer said on Tuesday.
Chief Financial Officer John Currie made the comments a day
after the Vancouver, British Columbia-based company issued its
second earnings warning in just over a month, sending its stock
to a two-year low.
TORONTO, Jan 10 (Reuters) – A fire on a crude oil tanker on
a Canadian National Railway Co train that derailed this
week in New Brunswick was extinguished by Friday afternoon and
CN said blazes on cars carrying liquid petroleum gas (LPG) would
be put out shortly.
The CN train had been burning for a fourth day as crews
worked to remove the last derailed freight cars adjacent to the
fires. A total of 19 cars and one locomotive on the 122-car,
four-locomotive train went off the rails on Tuesday evening near
the village of Plaster Rock.
TORONTO, Jan 10 (Reuters) – A Canadian National Railway Co
train whose cargo included gas and crude oil was
burning for a fourth day in the eastern province of New
Brunswick on Friday as crews worked to remove the last derailed
freight cars adjacent to the fire.
A total of 19 cars and one locomotive on the 122-car,
four-locomotive train went off the rails on Tuesday evening,
just a week after another fiery derailment of a crude oil train
in North Dakota.
TORONTO/WASHINGTON, Jan 9 (Reuters) – Political pressure to
quickly improve the safety of crude oil rail shipments
intensified in Washington on Thursday, while Canadian officials
said two of the cars involved in the latest fiery derailment
were of an older variety long faulted by regulators.
After two more dramatic oil-train incidents in just two
weeks, several U.S. lawmakers urged swift measures from
Transportation Secretary Anthony Foxx, who in turn promised that
tougher federal standards for tank cars would come “in weeks,
not months,” according to North Dakota’s Republican Senator John
TORONTO/OTTAWA Jan 9 (Reuters) – A Canadian investigator
said Thursday he has information that some of the tanker cars in
a Canadian National Railway train that derailed and
caught fire this week were DOT-111s, a model involved in a
series of crude-by-rail accidents.
It was not clear whether the cars were older models of the
DOT-111s, which do not meet stricter safety standards introduced
TORONTO, Jan 8 (Reuters) – A Canadian National Railway
train carrying crude oil and propane derailed and
caught fire after the emergency brakes were activated, the
Transportation Safety Board (TSB) of Canada said on Wednesday.
TSB spokesman John Cottreau said the derailment late on
Tuesday included propane tankers, crude tankers, a locomotive
and hopper cars, but said it was not clear whether the cars were
full at the time of the crash.
Jan 7 (Reuters) – A train carrying propane and crude oil has
derailed in northwest New Brunswick, Canada, causing a fire and
the evacuation of local residents but there were no reports of
injuries, according to local officials and the railroad.
The Canadian National Railway train, which carried
“dangerous goods” including propane and crude oil, derailed near
the village of Plaster Rock at about 7 p.m. local time (2300
GMT), according to Jim Feeny, director of public and government
affairs at CN. An unknown number of cars were involved.
TORONTO (Reuters) – Lululemon Athletica Inc (LULU.O: Quote, Profile, Research) warned on Thursday that fewer customers visiting its stores and ongoing supply chain issues are hitting sales in the crucial fourth quarter, news that sent shares of the trendy Canadian yogawear chain tumbling.
The company, which was hit by an embarrassing recall in March when some of its signature black pants proved too see-through, said sames-store sales would be flat and lowered its full-year outlook, raising concern about whether momentum at the once-hot retailer is fading.
TORONTO (Reuters) – Lululemon Athletica Inc (LULU.O: Quote, Profile, Research, Stock Buzz) warned on Thursday it expects flat same-store sales in the crucial fourth quarter due to “macro and execution issues” and cut its full-year outlook, sending shares of the trendy Canadian yogawear chain tumbling.
The warning came even as the retailer, which was hit by an embarrassing recall in March when some of its signature black pants proved too see-through, reported third-quarter earnings that beat expectations.