Bert Bowes Middle School hosted the workshop and performance which celebrates Canadian history. It focused on key nation building moments; examples are confederation, Louis Riel, Building of the CPR, women’s suffrage and Canadian lives lost in battle.Lynn Aubin, a grade eight and 9 teacher at Bert Bowes says workshops and presentations like this one, shows students that if they leave FortSt. John, they can practice their French in a different area of Canada.- Advertisement -The O Canada! Tour is sponsored by the Canadian Heritage – Youth Take Charge program, and is being organized by Canadian Parents for French.
NEW YORK – Tepid December sales at Wal-Mart Stores Inc. made Wall Street uneasy Tuesday, but many analysts don’t expect disappointing results from other retailers – most merchants are expected to meet their modest holiday expectations. “Clearly, there are some overtones for the industry, but I think largely Wal-Mart has some of its own issues,” said Bob Buchanan, an analyst at St. Louis-based A.G. Edwards. “I think they are still very sloppy with store-level execution.” Michael P. Niemira, chief economist at the International Council of Shopping Centers, agreed. He noted that Wal-Mart is still “behind the curve,” despite its efforts in improving its merchandise offerings. Nonetheless, given Wal-Mart’s size and reach, the estimated December same-store sales increase of 2.2 percent the retailer announced Saturday will hurt the overall industry’s sales for the month. Wal-Mart’s forecast is based on stores open at least a year, considered the best gauge of a retailer’s strength. AD Quality Auto 360p 720p 1080p Top articles1/5READ MORECoach Doc Rivers a “fan” from way back of Jazz’s Jordan Clarkson Merchants report their December results on Thursday. Wal-Mart’s news sent many retail stocks sliding Tuesday. Wal-Mart was off 1.22 percent, or 57 cents, to close at $46.23 in regular trading, and lost another 13 cents in after-hours trading to $46.10. Wal-Mart’s shares have traded in a 52-week range of $42.31 to $54.60. Target Corp., slipped 25 cents, to $54.72 after trading in a 52-week range of $45.55 to $60. Kohl’s Corp. shares fell 2.53 percent, or $1.23 to $47.37, having traded between $43.63 and $58.90 over the past 52 weeks. Because of Wal-Mart’s disappointing December sales, “the overall holiday picture doesn’t seem as bright as it did last week,” said Niemira. He now expects the International Council of Shopping Centers-UBS December same-store sales tally for the 70 stores it tracks to be up 3 percent, instead of 3.5 percent. Niemira believes December’s losers and winners will follow the same trend from the past year: Wholesale clubs and luxury stores will have the strongest gains, but apparel stores and department stores will have mixed results. The tepid results from Wal-Mart – which were at the low end of its 2 percent to 4 percent forecast – were surprising considering that the discounter was more aggressive with its discounting and marketing compared with the 2004 holiday season. Analysts polled by Thomson Financial expected a 3 percent increase. Wal-Mart had a solid start to the season in November, beating rival discounter Target. But Target appears to have gained strength; last week, it said it still expects a December same-store sales gain between 4 percent to 5 percent after posting a modest 2.6 percent increase in November. A big question is how profitable the fourth quarter, which ends in late January, will be for retailers. That depends in part on how much gift card redemption takes place this month and whether shoppers will use these cards to buy regular-priced merchandise, the most profitable in retailers’ inventory, according to Ken Perkins, president of Retail Metrics LLC, a research firm in Swampscott, Mass. 160Want local news?Sign up for the Localist and stay informed Something went wrong. Please try again.subscribeCongratulations! You’re all set!
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