Tuscani01
Senior Member
dare i ask if they're any good?
Well...
27 losses and 2 wins last year... you be the judge
dare i ask if they're any good?
What are the NHL's offices doing in the Exxon Building in Manhattan? They ought to move here to the Gardens.
Loblaw profit rises 18 per cent
http://www.theglobeandmail.com/servlet/story/RTGAM.20080725.wloblaw0725/BNStory/Business/
Canada's largest grocer, Loblaw Cos. Ltd., reported Friday that second-quarter profit rose 17.6 per cent to $140-million, or 51 cents a share, from $119-million, or 43 cents a share a year earlier on lower restructuring charges.
Sales in the second quarter edged up to $7.04-billion from $6.93-billon a year earlier. Same-store sales grew 0.7 per cent over the corresponding period a year earlier.
The company said gasoline bar sales were strong as a result of fuel-price inflation and volume growth.
“Total sales growth in food was positive and drugstore sales were particularly strong, while general merchandise sales declined compared to the second quarter of 2007,†the company said in a statement.
The company is in the midst of a major restructuring and executive chairman Galen Weston said, in releasing his financial results, that “we are behind in our plans for operating as an effective selling organization.
“This is reflected in our second quarter sales performance,†Mr. Weston said.
“However, we remain on track with our cost reduction efforts. We are also beginning to see positive results from our recently-announced five areas of immediate focus of our turnaround strategy.â€
Charges related to restructuring costs were $1-million in the second quarter of 2008, compared with $73-million a year earlier.
“For the balance of the year, the company will direct its efforts toward building profitable sales momentum while continuing to improve value for customers. Focus on cost and operating efficiencies will continue as margins are expected to remain under pressure,†the company said.
“Total sales increases in the second quarter were achieved by modest growth in both customer and item counts,†said the company, which is attempting to hold prices down to gain greater market share and drive sales growth.
“Modest internal food price deflation was experienced in the second quarter of 2008,†the company said.
^ With these events being one-offs, and non-profits, maybe MLSE lightened up a bit. Safe to say that if you wanted to put any large or ongoing profit-making events into this venue, it wouldn't happen. MLSE wants to sew up the major sports and entertainment events in this town, and for some distance beyond this town for that matter. (Hello, Jim Balsillie!)
I'm not holding my breath waiting for anything permanent to happen at the Gardens. Loblaw still has financial challenges and will be much more focused on how to fend off Walmart than on what they can do with a chunk of real estate in downtown Toronto.
Im confused,who owns this piece of real estate MLSE or Loblaws.
I still say blow out the roof keep the same facade and build a couple of luxury towers in this location.Yeah i know its a heritage building.
A much better location for a hockey museum - the place oozes hockey.
I have previously stated that MLG would be a great location for the Hockey Hall of Fame, with the current HHoF location turned over to (for example) the proposed Toronto Museum. The existing Maple Leaf dressing rooms could be incorporated into the Hall (alongside the Hall's Canadiens dressing room), and even the ice surface could be open to the visitors to the Hall, with the bulk of the exhibits under the stands or in the MLG offices -- I assume that there would be more available room than the current building has.
I still say blow out the roof keep the same facade and build a couple of luxury towers in this location.Yeah i know its a heritage building.
Automation Gallery for head of Heritage Preservation!