The dropped 2.6 percent to C$ 57.13 in Toronto today after the earnings report, which included the first drop in
Canadian same store sales since the company went public in 2006, according to data compiled by Bloomberg.
Not exact matches
On a full - year basis, 2013
same -
store sales growth of 1.1 % in the
Canadian segment was below our original target range of 2 % to 4 %; we believe this was due to ongoing challenging economic conditions and increased competitive intensity in our industry.
While it has averaged 6.1 %
same -
store sales growth in its
Canadian operations in the past 10 years, it only saw 4.9 % in 2010 and 2.9 % in 2009.
Retail
sales were in good shape in the second quarter, with
same -
store sales rising for
Canadian Tire, Mark's, FGL Sports and Sport Chek.
While Tim Hortons has averaged 6.1 %
same -
store sales growth in its
Canadian operations in the past 10 years, it only saw 4.9 % in 2010 and 2.9 % in 2009.
Same - store sales at Canadian Tire were up 3.5 per cent, while its Mark's clothing stores saw same - store sales gain 3.4 per c
Same -
store sales at
Canadian Tire were up 3.5 per cent, while its Mark's clothing
stores saw
same - store sales gain 3.4 per c
same -
store sales gain 3.4 per cent.
The
Canadian coffee chain disappointed investors in May by missing its first - quarter projections and posting a drop in
Canadian same -
store sales growth.
Investors cheered when
same -
store sales growth rose to 2.6 per cent in the second quarter thanks to the introduction of new products, but it was a small victory compared to the threat posed by a
Canadian market saturated with red Tim Hortons signs.
Same store sales numbers have been negative lately, due to a bunch of factors, including crappier selection at Smart Set (the company's chain catering to younger women), expansion into the U.S. building
stores inside Babies - R - Us locations which flopped miserably, and the emergence of Target in the
Canadian market.
In a deal that will allow luxury department
store chain Saks Fifth Avenue to enter the
Canadian market almost at the
same time as rival Nordstrom, Saks» new owner Hudson's Bay Co. has just completed a
sale...