Target's stock dropped 3.46 percent today after the retailer reported third-quarter net income dropped by nearly half.
... "The retail price in Canada is much higher, compared to the retail price in the U.S.," said Minha Hwang, a management professor at McGill University in Montreal. "The Canadian price is about 20 percent higher compared to the U.S. price."
Read full article: MPR News, November 21, 2013
When Walmart turns one of its discount stores into a behemoth Supercentre, nearby grocers instantly face a more powerful rival. Their reactions can vary, from cutting prices, to diversifying selection, to doing nothing at all.
Which works best?
New research by marketing professors Minha Hwang, of McGill University, and Sungho Park, of Arizona State University, reveals what grocers should and shouldn’t do when Walmart comes their way.
Josée Fiset, co-founder and vice-president of Première Moisson, says she’s selling “wow!” But her Quebec bakery chain is peddling more than bread and exclamation points. It’s selling the art of better eating.
“Everyone [when they enter] feels at home,” Fiset says. What a good bookstore is to bibliophiles, Première Moisson is to foodies.
... Première Moisson entered the market at the perfect time, notes Minha Hwang, a McGill University professor who specializes in retailing.
It’s all about wow. Walk into any one of 20 Première Moisson bakeries, smell the bread, and take in the carefully aligned buttery brioches, the meticulously stacked nut and grain breads, the rows of patés and salads and prepared foods and, standing straight as soldiers, a never-ending supply of baguettes, white and whole wheat and sundry other varieties and sigh and go “wow.”
… Première Moisson entered the market at the perfect time, says Min Ha Hwang, a McGill professor who specializes in retailing.