Canadian Retailer - Holiday 2016 - 16

KPMG EXECUTIVE ROUNDTABLE

<2%

Bennison: Our business is unique in that we are two years old. But in that
short time we have done a great deal to set ourselves up for success. Apparel brands need time for their product lines to mature, and as we gather
feedback and analyze the results over time we are equipping ourselves
with the insight we need to develop out our strategy and growth plans.
Meanwhile our current collections are being well-received.
Green: We're in the midst of an expansion strategy and have laid out a five-

Beyond the near-term
Consumer spending is
expected to settle down to
a 'cruising speed' below 2%,
limited by high debt levels
and only moderate gains in
employment and income.
Source: TD Bank

year roadmap for success. Although we considered a number of different
factors in developing the strategy, we started with our product and our suppliers. In a tough economy such as the one we're experiencing right now, the
most important thing for us has been to align with a manufacturer who can
not only deliver a top quality product to our customers, but also takes pride
in it. We have done this by making them a partner and shareholder in our
business. In doing so we have raised capital and at the same time solidified
both the product and the manufacturer's investment in our success.

Lawson: Some of the larger players within the liquor industry are currently consolidating. There's also been an awful lot of growth among small
grassroots craft beers and local vineyards, too. We're starting to see some
impact as a result of these two things. For one, it's making for a unique supply chain. We're either dealing with a multi-billion dollar company, or with
the small guys. So we have to be agile. We're lucky in that we only trade
in British Columbia where the economy is strong and where business has
been strong for the last three years. But the market's changing and is ending up with the creation of some unique opportunities in the marketplace
to get behind 'buy local'.
Des Roches: Our business has been around for 35 years. Our company has

On a regional basis
Sales were down (month
over month) in July in 6
provinces: New Brunswick
(-6.9%), Newfoundland and
Labrador (-6.2%). Sales were
also down in all three Prairie
provinces, while Ontario and
British Columbia recorded
moderate improvements of
just below 1%.
Source: TD Bank

seen different strengths of economy and have followed different opportunities at different points in time. And from experience, I have to agree that
during what some might see as difficult economic times, there are lots of
opportunities to pursue. Right now the economy seems flat, and it doesn't
seem as though it's going to improve much over the next little while. By
this time most companies have cut expenses as much as they can. We
are now building our relationships with customers and becoming more efficient at what we do.

Letts: We are in a fortunate position in that our business has experienced

tremendous growth in BC and Ontario fuelled by a very active housing
market. This has offset the losses in Alberta due to the downturn in their
economy. We expect this trend to continue in 2017. However, we are mindful of how the new mortgage regulations and the foreign ownership tax in
BC and how that might impact the furniture and home décor business.

Labistour: Growth is happening in certain areas where technology is driving it. But outside of those areas, the growth is often negative. What we're
seeing right now is technology demonetizing things, pulling money out
of the system. The use of technology is driving cost down and removing
people from the chain, which means that fewer people are employed. We're
trying to figure out what this is going to look like for us over the next decade and how we're going to have to respond. But we don't look at growth
through the lens of growth alone. We look at it through the lens of the
consumer and what the consumer needs with the realization that unless we
offer a great experience, we're not going to be competitive. Our most valuable customers shop every one of our channels. With these things in mind,
were looking at changing our business as opposed to growing it.

16 |

CANADIAN RETAILER | The Loss Prevention Issue



Table of Contents for the Digital Edition of Canadian Retailer - Holiday 2016

PUBLISHER’S DESK
RETAIL CURRENTS
UNDER THE BANNER
INDUSTRY NEWS
RETAIL: AT ISSUE
RETAIL WEST 2016: HOW THE WEST WAS WON
TECHNOLOGY'S ROLE IN EMPOWERING CONSUMER-DRIVEN INNOVATION
TOTAL LOSS
TOP TECHNOLOGY TOOLS TO SHRINK YOUR SHRINK
LP CONFERENCE 2016: PROTECTING ORGANIZATIONS, AMPLIFYING PROFITS
GAINING GROUND IN THE FIGHT AGAINST LOSS
DTLQC 2016: CUSTOMER EXPERIENCE, ECONOMY AND THE RETAIL BRAND
ADVERTISER’S INDEX
Canadian Retailer - Holiday 2016 - bellyband1
Canadian Retailer - Holiday 2016 - bellyband2
Canadian Retailer - Holiday 2016 - cover1
Canadian Retailer - Holiday 2016 - cover2
Canadian Retailer - Holiday 2016 - insert1
Canadian Retailer - Holiday 2016 - insert2
Canadian Retailer - Holiday 2016 - 3
Canadian Retailer - Holiday 2016 - PUBLISHER’S DESK
Canadian Retailer - Holiday 2016 - RETAIL CURRENTS
Canadian Retailer - Holiday 2016 - UNDER THE BANNER
Canadian Retailer - Holiday 2016 - 7
Canadian Retailer - Holiday 2016 - INDUSTRY NEWS
Canadian Retailer - Holiday 2016 - 9
Canadian Retailer - Holiday 2016 - RETAIL: AT ISSUE
Canadian Retailer - Holiday 2016 - 11
Canadian Retailer - Holiday 2016 - RETAIL WEST 2016: HOW THE WEST WAS WON
Canadian Retailer - Holiday 2016 - 13
Canadian Retailer - Holiday 2016 - TECHNOLOGY'S ROLE IN EMPOWERING CONSUMER-DRIVEN INNOVATION
Canadian Retailer - Holiday 2016 - 15
Canadian Retailer - Holiday 2016 - 16
Canadian Retailer - Holiday 2016 - 17
Canadian Retailer - Holiday 2016 - 18
Canadian Retailer - Holiday 2016 - 19
Canadian Retailer - Holiday 2016 - 20
Canadian Retailer - Holiday 2016 - 21
Canadian Retailer - Holiday 2016 - 22
Canadian Retailer - Holiday 2016 - 23
Canadian Retailer - Holiday 2016 - TOTAL LOSS
Canadian Retailer - Holiday 2016 - 25
Canadian Retailer - Holiday 2016 - 26
Canadian Retailer - Holiday 2016 - 27
Canadian Retailer - Holiday 2016 - TOP TECHNOLOGY TOOLS TO SHRINK YOUR SHRINK
Canadian Retailer - Holiday 2016 - 29
Canadian Retailer - Holiday 2016 - 30
Canadian Retailer - Holiday 2016 - 31
Canadian Retailer - Holiday 2016 - LP CONFERENCE 2016: PROTECTING ORGANIZATIONS, AMPLIFYING PROFITS
Canadian Retailer - Holiday 2016 - 33
Canadian Retailer - Holiday 2016 - 34
Canadian Retailer - Holiday 2016 - 35
Canadian Retailer - Holiday 2016 - GAINING GROUND IN THE FIGHT AGAINST LOSS
Canadian Retailer - Holiday 2016 - 37
Canadian Retailer - Holiday 2016 - 38
Canadian Retailer - Holiday 2016 - 39
Canadian Retailer - Holiday 2016 - 40
Canadian Retailer - Holiday 2016 - 41
Canadian Retailer - Holiday 2016 - 42
Canadian Retailer - Holiday 2016 - 43
Canadian Retailer - Holiday 2016 - DTLQC 2016: CUSTOMER EXPERIENCE, ECONOMY AND THE RETAIL BRAND
Canadian Retailer - Holiday 2016 - 45
Canadian Retailer - Holiday 2016 - ADVERTISER’S INDEX
Canadian Retailer - Holiday 2016 - cover3
Canadian Retailer - Holiday 2016 - cover4
Canadian Retailer - Holiday 2016 - divider1
Canadian Retailer - Holiday 2016 - divider2
Canadian Retailer - Holiday 2016 - 55
Canadian Retailer - Holiday 2016 - 56
Canadian Retailer - Holiday 2016 - 57
Canadian Retailer - Holiday 2016 - 58
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