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Jun 21, 2023 · This year, at the Retail Council of Canada’s (RCC) STORE Conference, we explored the key trends currently shaping the retail landscape. From leveraging changing consumer behaviors to harnessing data, and embracing new technologies, retailers are adapting to meet the demands of today's consumers. The 2023 RCC STORE Conference, held in Toronto ...
Mar 7, 2024 · It’s just great to see. I think people will just continue to crave the kind authentic in-person experience shopping in stores. And I don’t think online hurt retail the way people thought it might in the early 2000s. Everything has kind of settled down into a nice pattern and retail appears really strong in 2024 even surprisingly so to myself.
The Retail Council of Canada (RCC) has partnered with Industry Canada to undertake the first Canadian State of Retail report. This unique analysis is intended to help Canadian retail sector executives as well as decision makers enhance their understanding of current market trends, the strategic significance of retail sector innovation and practices that improve business competitiveness across ...
- e-Commerce (multi-channel retailing)
Nov 6, 2022 · New research from Google Canada indicates digital is here to stay and is now the gateway to all commerce. “As a result of the pandemic, Canadian retail has changed forever, but the rise in ecommerce has been durable and permanent. While we expect to see a return to in-store shopping this holiday season, shoppers will use digital to inform ...
Across retail in Canada, we’re seeing a divide between retail experience versus efficiency and value versus luxury retailers. It’s fiercely competitive and retailers must focus on their niche and the specific value they provide for their customers. Additionally, there really is no retail apocalypse. Rather, we see it as a transformation ...
Feb 21, 2024 · This subsector's cost of goods sold was $75.6 billion and total expenses were $17.7 billion, resulting in a profit margin of 6.1% in 2022. Sales in the second-largest subsecto r—f ood and beverage retailer s—t otalled $152.0 billion in 2022. The profit margin at food and beverage retailers was 7.4% in 2022.
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Mar 2, 2022 · And, according to Bruce Winder, expert retail analyst and author of RETAIL Before, During & After COVID-19, the cumulative effects that retailers across the country have undergone have resulted in a changed landscape, precipitating an evolution within the industry. “The state of the retail industry in Canada is still one that’s being ...
