Gendis selling stake in Pioneer, Saan retail unit

Article Abstract:

Conglomerate corporation Gendis Inc of Winnipeg, Manitoba, is planning to sell its interests in Pioneer Natural Resources and its Saan Stores Ltd division. Gendis will sell its 2% stake in Pioneer to the public for about C$27 million. Gendis will also spin off its money-losing Saan retail division, possibly through a management buyout. The proceeds from the divestments will be used to reduce the company's debt.

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Suzy Shier's fake bargains bring $1-million dressing down

Article Abstract:

Suzy Shier Inc. has been penalized 1 million Canadian dollars for marking clothing products for sale. The company was penalized for marking the clothes for sale when they had not been sold at a regular price for quite some time.

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Returns a $10-billion pain

Article Abstract:

Canadian merchants' concern over rise in returned goods in the retail market, which are now worth about $10 billion, is discussed.

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