Winnipeg Free Press

Winnipeg Free Press (Newspaper) - July 9, 1997, Winnipeg, Manitoba Winnipeg free july Boom times passing by retailers As Boomers save by Rachel Beck associated press new Yorkson the Economy is the strongest its been in but american Consumers Arent celebrating by and Many of the country retailers Are watching the Boom times pass them Montgomery Ward decision monday to file for bankruptcy court Protection reflects the Tough climate for Many merchants who cant get shoppers to buy even if unemployment is Low and inflation is part of the problem is that con Sumers have More important financial priorities than shopping there Are College tuition and retirement to be but the retailers also have themselves to it Doest matter that the Economy is Good theres nothing drawing shoppers into said Kurt a retail consultant and pres ident of Barnards retail marketing since the Early Montgomery the largest privately owned retailer in the has failed to meet changing consumer demands it it offered shoppers the Brand flame goods they nor has the by Given them Good enough Sef and while Ward sharper competitors including Roebuck and Walmart stores and is retailers circuit City and Best buy stole its Market the based Ward never kept and is now struggling under billion in started to improve in the retail Economy has started to improve but is still far below what it was in the booming years of Tough Competition and weak consumer spending have taken its with the collapse last fall of Consumers distributing and the restructuring under bankruptcy Protection of the venerable Eaton department store in the Ward has suffered even during Good economic when Consumers traditionally Are eager to and its had company recent Tough Competition forced electronics retailer incredible uni verse to nobody beats the another electronics said it would shut five of its 63 business is sluggish at clothing stores As uninspiring Mershan Dise and dated store Layouts have depressed sales at Gap limited and Dayton Hudson Mervyn it takes More to get people to buy than just say that youre Selling Barnard then theres the fact that Sumers Are savers More than Money that used to go for a new shirt or Var is now put toward paying off big credit card debts or saving for retirement or College Edu Consumers Arent spending like they used for they Are now looking at their investments with the same criteria As their Home mortgage they must contribute every said Britt chairman for americas research a Market research retailers then get what is left which int too local consolidated freight ways workers get share of multimillion Dollar incentive by Murray Mcneill business reporter although some of them May not know it 43 employees at a Winnipeg trucking terminal Are in line for a Bonus cheap shares in the Parent consolidated freight ways announced it plans to give each of its full time North american employees 35 common shares in the the which Are trading at about each on the Nash a will be distributed in three instalments Over the next three years beginning later this a company spokesman said the handouts will be contingent upon Boma Manitoba building operator of the year Wai Leung Kevin Mogarty and Wayne Pratt join the management and staff of Colliers Pratt Mcgarry in congratulating Wai Leung who has been named building operator of the year for 1997 by the building owners managers association Boma this award for excellence recognizes achievement and performance in the area of efficient building a valued employee of Colliers Pratt Mcgarry since Wai currently oversees the operation and maintenance of four major downtown Winnipeg properties totalling Square the shares maintaining a value of at least for 10 consecutive Days in at least for 10 consecutive Days in and at least for 10 consecutive Days in but company spokesman Ken Heiman said those numbers should be fairly easy to Heiman noted that when Consoli dated freight ways was spun off by its former Parent company and became an publicly traded firm last its common shares started off trading at now there trading at More than double although consolidated freight ways employees Are being Given the shares free of Heiman said because of different tax rules in Cana the company is charging its Canadian employees a Token 10 cents us for each a spokesman at the Winnipeg Ter Minal said yesterday that although some managers knew a Stock distribution plan was being they were waiting to receive All the details before informing the rest of the local it shows the company is interested in its he the shares could prove lucrative if the company continues to he at one Point in the consolidated freight Way shares were trading at University of Manitoba economics professor Derek hum said although its not it is unusual for companies to offer incentive shares for the typical incentive is do your Job or ill fire he hum said Hes not aware of any growing trend towards employers offering More incentives to their but the philosophy behind it is simple if employees somehow feel they have a stake in the it makes them better employees All Roger consolidated freight ways president and chief executive said the Stock distribution which will see employees receive a total of about one million valued at about is to Reward workers and provide them with added incentive to continue working hard in the James Yafee Eek senior president of the Toronto Fen Manitoba Sassaf Shewan has been elected chair of the Manitoba committee of the Canadian Bankers Babcock succeeds Jenniee Leahey of the Royal Bank for a oneyear the committee is comprised of senior Manitoba Bankers and represents the banking Industry 1ft Liaison with nubile interest groups and the a native of joined the Toronto Dominion Bank in and has had assignments in Asia and North me became senior Vic president of the to division in 1 Jan corporate equity officer of Manitoba Public has been elected Vic president of the newly formed North american human resource management association the new association will represent More than human resource professionals from the society for human resource the Canadian Council of human resource associations and two mex ican or Spak is president of the human resource management association of Canada and president elect of the Tracey l Evans has been hired As human resources specialist for Young of who has parents in is a graduate of the University of Man she recently earned an a degree from the University of wis Evans will work in the performance improvement division of Young and one of wisc on sins largest regional certified Public accounting and management consult ing Gary Lombaer of the health Protection health has been elected president of the mid Canada regional Section of the association of official analytical chemists elections took place at the sections annual general meeting at the inter National inn june other members of the executive com Mittee include president elect Gail Hill of end protest Secretary Eugene Zawalko of the Canadian Grain commission and treasurer Peter Gies Brecht of National testing the Aoa International is a professional organization of Bio chemists and microbiologists dedicated to excellence in analytical the mid Canada regional Section was chartered in mind computer products has appointed Blake to the position of chief financial who received his chartered accountant designation in has held a number of senior financial tons with companies in me is to play a key role in minds expansion in Canada and the United mind computer products is a privately owned Manitoba with annual sales of More than that specialises in custom computer manufacturing for government and reseller a local heavy company has won International recognition for its sales que Rel equipment sales of Winnipeg was awarded two awards the company received the Champion Circle award for the award is presented to 10 leading dealers of Champion Road machinery worldwide each the award was presented to Bill vice president of marketing and Gordon general at the recent associated equipment dealers convention in while in Chicago Wilton and Green also accepted the Superior marketing award for 1996 from Hyundai construction the award was for quarels outstanding achievements in the sales and merchandising of Hyundai excavators and wheel Hugh Ellis was recently elected director for the boards of Wawanesa Mutual insurance the Wawanesa life insurance and Wawanesa Gen eral insurance Ellis is president of Pilot capital management Hes also a fellow of the Institute of chartered Ellis serves As a director for James Richardson sons a company Hes been associated with for 35 1 a local Marco employee has won a company award for his work and Atti Ron Asselin was named a Marco professional an award Only Given to five or six employees each Asselin is a licensed Auto body repair Journeyman Mechanic who has been in the business for 12 got a an appointment or a new contract fax or phone the free press business 1355 Mountain r2x or fax 96 Sedan Deville Power Power dual keyless traction Northstar Low 4 to choose from Gauthier c1 his Olds quo cad1luac Home of the big buy 1400 Mcphilips 6971400 member of the Gauthier Auto group Toronto Dominion slashes electronic banking fees Canadian press Toronto the Toron to Dominion Bank is slashing the Cost of using its electronic banking the effective will save customers Cash and Cut the Banks costs if More transactions Are done by about 80 per cent of All trans actions Are now done Electron said Ron Vic president in charge of electronic for a Flat monthly customers will have unlimited use of Bank Telephone or computer banking and interact other customers who keep at least in their chequing accounts will have free this will make electronic banking free for 75 per cent of our Hodges said customers dont see Why they should pay if there doing the work our sur Veys show people want Cove and they want it fifteen per cent of ads customers buy a monthly service while 60 per cent keep the minimum he customers who pay per transaction for electronic ser vices will be charged Only 40 cents Down from for some a Peg address Carrier if 1355 mail your Palms is to Winji Peg free press prawns Lens won Ian Rex 3bs or us at Winnipeg free press Lucky number contest win a share of up to ill win daily with Lucky numbers w05101844 w05192252 w05258158 w05847127 w05215844 double your winnings As a 7day Home delivered subscriber you Are eligible to win a share of up to with your free press Lucky each Day the free press will publish 5 Lucky if your Lucky number appears and you correctly answer a time limited skill testing you Are a Winner winners win youll double your winnings As a 7pay Home delivered you must Call 697 7144 on the Day you become Winnipeg free press Tow sub Ells Row it 125 Yean Call to subscribe today or 1 8900 win a trip for two to Las vegas with your ky58 Luky number Courtesy of 5ay travel every weekday morning listen for your Lucky youll Nave 58 minutes to Call 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