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- This rebalancing period is expected to continue in 2024 with Oxford Economics forecasting retail sales to decline year- over-year by -0.6%.
retail-insider.com/retail-insider/2024/03/canadian-retail-sector-to-face-challenges-and-innovations-in-2024-amid-changing-consumer-behaviours-and-rising-insolvencies-cbre-report/Canadian Retail Sector to Face Challenges and Innovations in ...
Jun 21, 2024 · 2024-06-21. Retail sales increased 0.7% to $66.8 billion in April. Sales were up in seven of nine subsectors and were led by increases at gasoline stations and fuel vendors as well as food and beverage retailers.
- Retail trade, May 2024
Sales at motor vehicle and parts dealers rise, while sales...
- Retail trade, May 2024
Jan 3, 2024 · The retail sector in Canada continues to face challenges as it embarks on a new year. Retail Insider asked three well-known experts in the industry to discuss what 2023 was like for retail in Canada and what we can expect in 2024.
Mar 7, 2024 · The report forecasts changes in Canadian retail driven by shifting consumer behaviour, prompting innovation among retailers. Despite economic challenges, steady retail spending preferences for in-person shopping suggest a positive outlook in 2024, says Arlin Markowitz.
Retail sales in Canada are projected to have increased by 0.4% from the previous month in September of 2024, according to a flash estimate. This would mark the third consecutive expansion in retail sales turnover, extending the 0.4% increase in August, which was revised downward from the flash estimate of 0.5%.
Jul 19, 2024 · Sales at motor vehicle and parts dealers rise, while sales at gasoline stations and fuel vendors fall. The sole increase in retail sales in May was observed at motor vehicle and parts dealers (+0.8%), up for the third time in four months. Higher sales at new car dealers (+1.6%) led the increase.
Jun 23, 2024 · Despite a significant population growth of over 202,000 by the end of March—55,000 of whom were from other provinces—retail sales have only grown by a modest 0.3% YTD compared to 2023. Given this unprecedented annual population increase, retail sales were expected to rise at a higher rate.
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Oct 25, 2024 · Prime Minister Justin Trudeau announced a plan on Thursday to halt population growth in 2025 and 2026, which is likely to dampen the growth in consumer demand. Regionally, sales rose in seven of ten provinces in August, with the largest growth seen in Ontario, led by higher car sales.
