BMR Group Strengthens Its Executive Team to Support Its Growth
BMR Group was pleased to announce on March 25th changes to the structure of its executive team in order to continue the deployment of its strategic planning, drive its transformation, and support its growth.
Mr. Antonio Di Pasquale, currently Chief Operating Officer, has been promoted to the position of Chief Executive Officer – Operations of BMR Group. Mr. Di Pasquale is a seasoned executive with more than 25 years of experience in strategy development and the management of complex initiatives, combining a clear vision with an innovative approach. In his new role, he will be responsible not only for managing day-to-day operations, but also for driving our continued transformation and ensuring the execution of our strategic plan. From now on, Mr. Di Pasquale will be in charge of all the corporate functions of BMR Group.
Mr. Charles Grégoire-Béliveau, currently Vice President of Merchandising, has been promoted to the position of Senior Vice President, Commercial strategy and Partner Relations.
Mr. Grégoire-Béliveau is an effective and committed leader who has been working in our industry for more than 15 years, and his knowledge of the market and his extensive experience make him a natural candidate for this position. In his new role, Charles will assume expanded responsibilities within the organization.
Effective immediately, these strategic appointments will allow Mr. Alexandre Lefebvre, CEO of BMR Group, to focus his efforts on strategic development projects and various initiatives to optimize the company.
“I am very pleased that Antonio and Charles have agreed to take on additional responsibilities within the company. Their experience and leadership are major assets in meeting our future challenges, and I am confident that the changes to our structure will further strengthen our organization and help ensure our growth for decades to come,” said Alexandre Lefebvre, CEO of BMR Group.
Source: BMR
Canadian Tire Corporation Appoints Matt Moore as Executive Vice President and Chief Commercial Officer
Canadian Tire Corporation announced on March 26th that Matt Moore will join the Company as Executive Vice President and Chief Commercial Officer (CCO), effective April 21, 2025.
Mr. Moore brings extensive experience, most recently as Chief Operating Officer of Tim Hortons, where he spearheaded significant improvements in financial performance, products and operations, guest satisfaction, and franchise relationships. He also led the company’s digital and loyalty strategy, establishing the Tims Rewards program and app. Previously, he served as Chief Customer Officer for Yum! Brands in Europe, overseeing Pizza Hut across 25 countries and driving e-Commerce and mobile innovations that enhanced the customer experience and fuelled growth. Earlier in his career, he was a consultant at Boston Consulting Group and an engineer at General Electric.
In his capacity as CCO, Mr. Moore will be responsible for integrating merchandising, marketing, and loyalty strategies to create seamless, personalized experiences across all CTC customer touch-points. This will include growing the Triangle Rewards loyalty program, deepening customer insights and improving core retail processes that enable horizontal, data-driven strategies critical to the success of CTC’s recently announced True North strategy.
“As we work to bring True North to life, Matt will play a pivotal role in strengthening our brand and putting our customers at the core of everything we do by transforming how we use data and insights to drive our merchandising, marketing, and loyalty strategies,” said Greg Hicks, President and CEO, Canadian Tire Corporation. “In addition to his strong commercial acumen and executive management experience, Matt understands the deep connection Canadians have with CTC – which will serve him well as we work to transform how we engage and serve our customers even better.”
“I am honoured to join a talented team at CTC as the company embarks on an exciting transformation,” said Moore. “I look forward to contributing to the continued success and growth of an iconic Canadian brand, creating even more meaningful connections with our customers.”
Source: Canadian Tire
Dollarama Reports Q4 Profit and Sales up from Year Ago, Raises Dividend
Dollarama Inc. plans to accelerate its pace of new store openings in Canada in the coming year, citing “heightened uncertainty” in the economy driving demand for its discount products. The Montreal-based discount retailer announced its plans on April 3rd, as it reported a nearly 21% jump in profits in its fourth quarter and raised its quarterly dividend by 15%. Dollarama expects to open 70 to 80 net new locations by early 2026. The expansion will include moving into soon-to-be empty spaces from certain retailers exiting the market. Dollarama did not specify which leases it is considering taking over.
Dollarama believes that consumers will continue to respond positively to the affordability of its products, the convenience and proximity of its national store network, and its commitment to offering compelling value across its broad assortment of consumables, seasonal items, and general merchandise.
In this environment, Dollarama has seen sales increase as more people visit its stores looking for deals. Comparable sales grew by 4.9% in the fourth quarter, compared to 8.7% in the same period last year. In total, sales increased by 14.8% in the 14 weeks ended Feb. 2, to nearly $1.9 billion.
Net earnings grew to $391 million or $1.40 per diluted common share in the fourth quarter, compared to $323.8 million or $1.15 per diluted common share in the same period the prior year. The company announced on Thursday that it will now pay a quarterly dividend of 10.58 cents per share, up from 9.2 cents per share.
Source: The Star
Source: Globe and Mail
Source: Dollarama
