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Canadian Retail Market Overview. To date in 2024, some retail sectors have struggled throughout the Canadian retail market while others reported some growth, but the common underlying theme is the impact of inflation on consumer spending habits. This has been reflected in numerous ways including a shift away from grocery shopping at large chain ...
- Kristina Bowman
- Sr. Research Manager
Mar 7, 2024 · This rebalancing period is expected to continue in 2024 with Oxford Economics forecasting retail sales to decline year- over-year by -0.6%. Ultimately this will put capturing and maintaining consumer attention into sharper focus for brands in the year ahead with 64% of respondents in Salesforce’s State of Commerce survey indicated that meeting customer expectations is harder than ever ...
Jul 19, 2024 · In volume terms, retail sales fell 0.7% in May. Excluding autos, retail sales fell 1.3%, significantly lower than the 0.5% drop expected by economists. Regionally, sales were down in nine provinces in February, with the largest declines in Alberta, led by lower car sales — bucking the national trend.
- Retail E-Commerce Sales Higher Than pre-pandemic Levels
- Final Thoughts
- Note to Readers
After a sharp increase at the onset of the pandemic, retail e-commerce sales have receded as of July 2022 but remain well above pre-pandemic levels. The share of retail e-commerce sales, as a proportion of total retail sales, rose from 3.9% in 2019 to 6.2% in 2022 (July year to date). During the height of the pandemic in 2020 and 2021, the shares o...
Canadians became increasingly reliant on retail e-commerce platforms in the face of COVID-19. Retail consumers have shown that, as restrictions were lifted, e-commerce remained an attractive method of shopping as some businesses increased their online presence and continued to invest in online sales and e-commerce capabilities. As the pandemic runs...
All data in this paper are seasonally adjusted and are expressed in current dollars, unless otherwise noted. A standard usage of the 2017 North American Industry Classification System (NAICS) groups all Internet-only retailers together under NAICS code 45411, regardless of their associated retail subsector. To determine e-commerce sales by subsecto...
Jan 19, 2024 · Canada's holiday sales period got underway in November with a 0.2 per cent decline in retail sales led by falling purchases at food and beverage retailers. The data released by Statistics Canada ...
Jan 10, 2024 · A changed retail landscape Right off the bat, one of the key changes caused by the virus was an overall decline in sales: over the past decade, Canadian retail trade figures had been growing ...
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Aug 23, 2024 · A new vehicle for sale is seen at an auto mall in Ottawa, on Monday, April 26, 2021. (Justin Tang / The Canadian Press) Retail sales dropped in June as Canadians continued to grapple with high ...
