SINS Canadian Retail Index – Week Ending July 1, 2011

  • At the end of Q2 the fates of the Canadian Retail Stocks that make up the SINS Index have met a range of fates so far in 2011.

    Our best performing stocks YTD are: Forzani Group (+44.3%), which was taken over by Canadian Tire in Q2; Jean Coutu (+14.3%) and Dollarama (+13.5%).

    The stocks that have declined the most YTD include: Liquidation World (-95.1%), which was taken over by Big Lots from the United States; Staples (-30.1%) and Office Depot (-20.2%) both of which are suffering from a bleak future in the face of other on-line retailers such as Amazon.com.

    In order to keep the SINS Index as relevant as possible we will be making the following changes effective next week:

    • Liquidation World (removed due to take over by Big Lots!)
    • Big Lots! (added due to take over of Liquidation World)
    • Forzani Group (removed due to take over by Canadian Tire)
    • Target (added due to acquisition of 220 Zellers leases)
    • Office Depot (removed due to closing of Canadian retail stores)

    Overall the SINS Index grew 0.6% in YTD 2011 compared to the TSX Composite which fell 0.8% in the same period.

    Canadian stocks in the SINS Index 1.0% YTD while US stocks grew less than 0.1% over the same period.

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