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Thread: The importance of e-retailing continues to grow in eyewear in Canada ...............

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    Blue Jumper The importance of e-retailing continues to grow in eyewear in Canada ...............

    The importance of e-retailing continues to grow in eyewear in Canada

    The retailing of eyewear in Canada remains concentrated in the hands of very few optical goods stores. This is because of the strict regulation of the retailing of eyewear in Canada, which prevents the sale of contact lenses and prescription spectacles throughout any retailer which is not officially certified and registered to do so.
    As the internet continues to encroach on more aspects of life in Canada, the country’s eyewear industry is being strong influenced as well. Online sales of contact lenses continue to increase among Canadians, with Clearly Contacts leading development and growth in this area. The choice of products and prices charged online are driving increasing numbers of consumers to turn to internet retailing when making purchasing decisions. The influence of internet retailing in the retail distribution of eyewear in Canada thus continues to grow at the expense of traditional store-based retail outlets.

    see all of it: -----------> http://www.euromonitor.com/eyewear-in-canada/report

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    Quote Originally Posted by Chris Ryser View Post
    The importance of e-retailing continues to grow in eyewear in Canada

    The retailing of eyewear in Canada remains concentrated in the hands of very few optical goods stores. This is because of the strict regulation of the retailing of eyewear in Canada, which prevents the sale of contact lenses and prescription spectacles throughout any retailer which is not officially certified and registered to do so.
    As the internet continues to encroach on more aspects of life in Canada, the country’s eyewear industry is being strong influenced as well. Online sales of contact lenses continue to increase among Canadians, with Clearly Contacts leading development and growth in this area. The choice of products and prices charged online are driving increasing numbers of consumers to turn to internet retailing when making purchasing decisions. The influence of internet retailing in the retail distribution of eyewear in Canada thus continues to grow at the expense of traditional store-based retail outlets.

    see all of it: -----------> http://www.euromonitor.com/eyewear-in-canada/report
    As this trend continues to emerge, you will see more B2B wholesalers adjusting their strategic initiatives by entering directly into the retail market arena as B2C consumer suppliers operating as an arm's length division or affiliate.

    You will also see more wholesale alliances joining forces and going direct to the ECP market (ie., frame & lens companies).

    Both of these scenarios are detrimental to the independent and without some level of alignment with a major supplier or cooperative group will indeed place them on the endangered list.

    The concerning thing is that B2B companies can change the landscape, undercut all independent retailers and still have excellent profit margins which would wipe out a ton of competition which in turn would increase the retail selling prices to consumers and give them less choice and brand options when selecting their eyewear.

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    Blue Jumper Question........and when do you see this happening ?

    Quote Originally Posted by Lab Insight View Post

    The concerning thing is that B2B companies can change the landscape, undercut all independent retailers and still have excellent profit margins which would wipe out a ton of competition which in turn would increase the retail selling prices to consumers and give them less choice and brand options when selecting their eye wear.

    Question........and when do you see this happening ?

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    Bailout agreement expiring


    GM’s promise to maintain 16 per cent of its production in Canada in return for its 2008 bailout expires in 2016.
    McCabe said the automaker is not making plans for continued production in Oshawa.
    "We talk to suppliers, the people who are responsible to bid on new programs at these facilities, and they are looking two to four years in advance, they are not hearing anything from GM," he said in an interview with CBC's The Exchange with Amanda Lang.
    "We’re not hearing from GM what specific vehicles will go in there, so all the information from the industry is pushing us in that direction."
    GM’s Camaro production has been shifted from Oshawa to Lansing, Mich., and it has made no commitment to other models past 2016, though it has not said it is planning to close the Oshawa plant.

    One problem is how few of the vehicles that GM makes here it actually sells in Canada, McCabe said.
    "Other manufacturers like Toyota and Honda — about 70 per cent of the vehicles they build here in Canada are sold here in Canada, but GM sells only about seven per cent of the vehicles it makes here," he said.
    Until recently, Canada suffered from a high dollar that made the cost of labour seem high. Michigan recently became a so-called right-to-work state in an effort to compete for automotive jobs and Mexican labour costs are about one fifth of what Canadians are paid.
    But even with a lower dollar, Canada is competing against jurisdictions around the world over incentives for new production.
    McCabe urges government to actively recruit new investment from GM before it is too late.

    See all of it: -------> http://www.huffingtonpost.ca/2014/12...n_6267630.html



    This would impact the economy drastically with 40,000 people laid off with a chain reaction in the private and government sectors, which in turn is promoting discounted sales on-line
    Last edited by Chris Ryser; 03-31-2015 at 05:05 AM.

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    Quote Originally Posted by Chris Ryser View Post
    Question........and when do you see this happening ?
    It's already begun.

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    Quote Originally Posted by Chris Ryser View Post
    Bailout agreement expiring


    GM’s promise to maintain 16 per cent of its production in Canada in return for its 2008 bailout expires in 2016.
    McCabe said the automaker is not making plans for continued production in Oshawa.
    "We talk to suppliers, the people who are responsible to bid on new programs at these facilities, and they are looking two to four years in advance, they are not hearing anything from GM," he said in an interview with CBC's The Exchange with Amanda Lang.
    "We’re not hearing from GM what specific vehicles will go in there, so all the information from the industry is pushing us in that direction."
    GM’s Camaro production has been shifted from Oshawa to Lansing, Mich., and it has made no commitment to other models past 2016, though it has not said it is planning to close the Oshawa plant.

    One problem is how few of the vehicles that GM makes here it actually sells in Canada, McCabe said.
    "Other manufacturers like Toyota and Honda — about 70 per cent of the vehicles they build here in Canada are sold here in Canada, but GM sells only about seven per cent of the vehicles it makes here," he said.
    Until recently, Canada suffered from a high dollar that made the cost of labour seem high. Michigan recently became a so-called right-to-work state in an effort to compete for automotive jobs and Mexican labour costs are about one fifth of what Canadians are paid.
    But even with a lower dollar, Canada is competing against jurisdictions around the world over incentives for new production.
    McCabe urges government to actively recruit new investment from GM before it is too late.

    See all of it: -------> http://www.huffingtonpost.ca/2014/12...n_6267630.html



    This would impact the economy drastically with 40,000 people laid off with a chain reaction in the private and government sectors, which in turn is promoting discounted sales on-line
    Nobody to blame but the greedy auto unions and its members with their constant demand of high wages, benefits and sense of entitlement at GM.

    Toyota in Cambridge and Woodstock delivers a quality product, has benefits, pays well, is very profitable and has never required a bailout. GM should take a look at their business model.

    Every company has a breaking point no matter the size.

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    Redhot Jumper Future Shop closures reflect changing face of Canadian retail

    Future Shop closures reflect changing face of Canadian retail

    CBC4 hours ago
    Future Shop and other stores abandoning malls in Canada are signs of a retail sector being reinvented on the fly, analysts say.
    Future Shop shut down 66 of its stores over the weekend and is converting the other 65 to Best Buy outlets. It’s only the latest in a series of closures in Canada that have included U.S. retail giant Target and smaller players like Sony Canada, Boutique Jacob Inc. and Mexx.

    Don Campbell, a senior analyst with the Real Estate Investment Network, said the closure of Future Shop was no surprise, given that parent company Best Buy often had stores nearby.
    But he believes the closures taken as a whole show a sea change in retail similar to what already happened to the video industry.
    "The Blockbuster videos and the Rogers video stores were a giant thing a decade ago, and everybody goes, 'There were video stores?'" Campbell said. "Because you can go onto Netflix and watch all this stuff, and it's the same thing we're starting to see in retail. Amazon just rented space in Toronto for 800 people, so the shift is occurring."
    Drop-off centres for online orders
    Campbell said nobody knows exactly what will happen to Canadian retail space, but he sees a few possibilities:
    - Large locations that held anchor stores like Target and Future Shop may be replaced by two or three smaller tenants.
    - Shopping centres will see quicker turnover. "You’re going to see stores that open up, and their concept is either going to catch fire with the right buyers, or they’re going to disappear more quickly. No one’s going to hang around for two or three years.”
    - Pickup locations could be established for people who order items online but aren't home during the day when Canada Post or UPS come calling. "What we're seeing in Seattle [and] other centres in the U.S. are these drop-off centres. They're renting the space. Not the size of Target, not the size of Future Shop, but that is a growing trend that's also going to start taking up some space."
    Bruce Winder, a senior adviser with retail advisory firm J.C. Williams Group, said that retailers need to take advantage of mobile technology.
    "Eventually consumers will walk into a store, and if they've opted in, there will be beacon technology that recognizes that consumer is in the store via their smartphone or tablet, and retailers may send a coupon to them while they're in the store to get a discount, or may invite them to purchase something that is complementary to something they purchased last week," Winder said.
    "Where it's leading is more of a one-to-one relationship between companies and consumers where companies serve up specific offers, products, assortments and pricing to individual consumers based on their preferences."


    Negotiations underway at former Future Shops
    Calloway, the real estate investment trust (REIT) with the most Future Shop leases, downplayed the effect of the closures. It said that 11 of its 19 locations will be converted to Best Buys, and negotiations with new tenants are already underway at three of the remaining spots.

    The five stores that are closing represent only 0.4 per cent of Calloway's rent, it said in a statement.

    "The evolution of retail concepts is an inevitable part of the broad retail landscape" Calloway CEO Huw Thomas said, while noting Calloway's strong connection with Walmart, which continues to expand in Canada.
    Mark Rothschild, a real estate analyst at Canaccord Genuity, said Calloway alone has significant exposure to the Future Shop closures.
    But he too sees big changes ahead for Canadian retail.

    "While Future Shop alone is not the biggest deal, there's no way this is the last retailer that's coming down.… There obviously will be more, because online retailers are taking a big chunk out of the shopping dollar."

    Rothschild sees high-end malls and grocery-anchored shopping centres remaining viable, but that locations centred around big box stores could face problems that lead to pressure on the landlords to maintain occupancy and cash flow.
    "It’s going to lead to slower growth from the cash flow, for the REITs that have a lot of exposure,” he said.

    CBC March 31

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    Good article

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    Blue Jumper Eyewear in Canada remains a consolidated industry .......

    Eyewear in Canada remains a consolidated industry

    Sales of eyewear in Canada remain divided between a small number of large multinational eyewear companies, which between them account for nearly all of the recognisable brands in the industry. This high level of sales divided among such a small number of companies has made it incredibly difficult for new players to enter the industry. In contact lenses, there are four US-based pharmaceutical companies which dominate sales, trading on their vast experience of scientific progress and innovation. In spectacles, there is a higher number of brands present offering spectacles frames as there is more room for a more diverse range of fashionable styles, although almost of them are manufactured by Luxottica Group SpA, irrespective of the brand under which they are sold.


    The importance of e-retailing continues to grow in eyewear in Canada

    The retailing of eyewear in Canada remains concentrated in the hands of very few optical goods stores. This is because of the strict regulation of the retailing of eyewear in Canada, which prevents the sale of contact lenses and prescription spectacles throughout any retailer which is not officially certified and registered to do so.
    As the internet continues to encroach on more aspects of life in Canada, the country’s eyewear industry is being strong influenced as well. Online sales of contact lenses continue to increase among Canadians, with Clearly Contacts leading development and growth in this area. The choice of products and prices charged online are driving increasing numbers of consumers to turn to internet retailing when making purchasing decisions. The influence of internet retailing in the retail distribution of eyewear in Canada thus continues to grow at the expense of traditional store-based retail outlets.

    See all of it -------> http://www.euromonitor.com/eyewear-in-canada/report

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