Friday, June 05, 2009
RONA refinances, TSC strategizes, IRLY showcases, Lowe's expands
RONA raises cash through stock issue
RONA inc. has closed a public offering of common shares to a syndicate of underwriters led by Scotia Capital Inc...
RONA needs cash to keep expanding. I figure it's better than increasing debt. It's a creative way to raise cash when lenders are cautious.
IRLY hosts dealers at buying show and AGM
WHISTLER, B.C. — IRLY Distributors held a buying show for the IRLY members here on May 30. The show was held in conjunction with IRLY’s annual general meeting and played host to IRLY dealers from all over British Columbia...
Four years ago, I thought IRLY was heading for the dustbin of buying group history. When some organizations are going for a bigger is better approach, IRLY has proven that it can offer meaningful services to a small group. I'd have to mention TORBSA in Ontario as another group that has a similar philosophy.
TSC sizes up new Stephenson’s partnership
LONDON, Ont. — A partnership between farm and hardware retailer TSC Stores and rental chain Stephenson’s Rental gives space to Stephenson’s Rental operations, while enabling Stephenson’s to expand and TSC to offer more services...
We're watching TSC with great interest. A couple of years ago, I would have thought the odds were against them. Now, as smaller independent retailers are on the rebound, TSC could be in a sweet spot.
Lowe's to open more stores
TORONTO — Lowe’s will open its next two stores this month, both in Scarborough, Ont. ...
While Home Depot slashes its rate of store openings, and RONA focuses on recruiting affiliate dealers, Lowe's timing may be very good, after all. It just has to weather this recession, which, btw, is nothing like what their stores face south of the border.
Cheers,
Michael McLarney, Editor
RONA inc. has closed a public offering of common shares to a syndicate of underwriters led by Scotia Capital Inc...
RONA needs cash to keep expanding. I figure it's better than increasing debt. It's a creative way to raise cash when lenders are cautious.
IRLY hosts dealers at buying show and AGM
WHISTLER, B.C. — IRLY Distributors held a buying show for the IRLY members here on May 30. The show was held in conjunction with IRLY’s annual general meeting and played host to IRLY dealers from all over British Columbia...
Four years ago, I thought IRLY was heading for the dustbin of buying group history. When some organizations are going for a bigger is better approach, IRLY has proven that it can offer meaningful services to a small group. I'd have to mention TORBSA in Ontario as another group that has a similar philosophy.
TSC sizes up new Stephenson’s partnership
LONDON, Ont. — A partnership between farm and hardware retailer TSC Stores and rental chain Stephenson’s Rental gives space to Stephenson’s Rental operations, while enabling Stephenson’s to expand and TSC to offer more services...
We're watching TSC with great interest. A couple of years ago, I would have thought the odds were against them. Now, as smaller independent retailers are on the rebound, TSC could be in a sweet spot.
Lowe's to open more stores
TORONTO — Lowe’s will open its next two stores this month, both in Scarborough, Ont. ...
While Home Depot slashes its rate of store openings, and RONA focuses on recruiting affiliate dealers, Lowe's timing may be very good, after all. It just has to weather this recession, which, btw, is nothing like what their stores face south of the border.
Cheers,
Michael McLarney, Editor
1 Comments:
Despite the downturn, it's encouraging to see this kind of activity from so many different retailers, both large and small.
Post a Comment
<< Back to Mike's Rant