Wednesday, 5 March 2014

The Only Major Asset Left Uninsured - Accounts Receivable


Most companies insure against other unpredictable events with a high potential for loss. Surprisingly, accounts receivable is often the only critical asset left uninsured.

Property, liability, business interruption and more are covered with care, but lack of protection against excessive credit write-offs can cripple even a successful business.

Protect your major assets; have us customize a program to your specific needs.

Please feel free to contact us at any time with questions:
Gerald Shtull & Associates
www.gsabroker.com
514-939-6226

Our Mission
Gerald Shtull & Associates is dedicated to providing expert service with unwavering professional care; prioritizing the protection of our clients' accounts receivables and the future growth and prosperity of their business.

Winter Takes its Toll on Sears and Dollarama, Business News Network Reports

Business News Network posted Sneha Banerjee's article for Reuters, Sears Canada blames severe weather for fall in sales . Sears, as well as retailer Dollarama, have both cited that extreme winter conditions are responsible for their low sales in late 2013. READ FULL ARTICLE HERE.

Target's Poor Performance in Canada

 
How Target missed its mark and lost $1-billion in Canada, from our favorite retailing reporter, Marina Strauss at the Globe and Mail: 
"Target reported a forth-quarter Canadian operating loss of $329-million - far short of its initial forecast that it would be profitable, while its gross profit margin was a measly 4.4 per cent."

Tuesday, 4 March 2014

Article from Canadian Business shows Hudson's Bay is neither here nor there

Darah Hansen, in her Canadian Business article, Why Hudson's Bay will lose Canada's retail war in 2014, reports the advent of US high-end luxury retailers like Nordstrom, and expansions by existing Canadian department stores like Hold-Renfrew will challenge the Bay in the coming year. Hudson's Bay does not meet the desire of the luxury level shopper, while at the same time, lowering the retail standard to that of Target would be a mistake. READ FULL ARTICLE HERE.

Interview with Mark Attley, President of Receivables Insurance Association of Canada (RIAC)

Trade Financing Matters has published a very informative interview by David Gustin, with Mark Attley, president of the Receivables Insurance Association of Canada (RIAC).
 
Gerald Shtull & Associates has recently joined RIAC as broker members. We are pleased to see the consistent media coverage on the association and the increased exposure of Receivables Insurance in Canada.

CLICK HERE TO READ THE INTERVIEW FROM TRADE FINANCING MATTERS

CLICK HERE TO VISIT THE RIAC SITE

CLICK HERE TO VISIT GERALD SHTULL & ASSOCIATES SITE

Toys "R" Us Layoffs


The New York Post reports Toys "R" Us to lay off about 200 employees from its New Jersey headquarters.
READ FULL ARTICLE HERE
The decrease in sales is being blamed in part to the massive popularity of tablets, smart phones, and electronic devices, replacing the desire for more traditional toys and eclipsing their sales.

Monday, 3 March 2014

Global Finance publishes excellent article on Trade Credit Insurance

Global Finance has published an excellent articel by Paula L. Green entitled Risk Management: Insuring Trade Credit, A Conversation Starter

The article discusses  major companies like L'Oreal USA's success with trade credit insurance. Green also highlights the popularity of credit insurance in Europe versus its very new growth in North America. Euler Hermes, Coface and Atradius are cited as the main providers.