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Retail news in Canada
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Canadians using AI to find deals, says EY report
Amid persistent inflation, Canadians are turning to artificial intelligence (AI) to help them find lower-cost alternatives, according to the most recent EY Future Consumer Index report.
13 June 2024
Warren Smagaren Consulting advising Good Earth Coffeehouse on Ontario expansion
Warren Smagaren Consulting, a Toronto-based real estate consulting firm, is advising Good Earth Coffeehouse on its expansion plans in Ontario.
21 May 2024
Retailers face tough holiday season as Canadians reel back spending
Eighty-three percent of Canadians say they will be more careful about what they spend their money on this holiday season compared to last year, according to a recent KPMG survey.
21 November 2023
Despite declining confidence, Canadian consumers still spending
Despite heavy concerns about their personal finances, Canadian shoppers are still spending, according to a late-2022 PwC survey of 500 Canadians.
17 March 2023
Battered by cost of living crisis, consumers cutting back on holiday spending
Worn down by broad-based inflation and worsening finances, Canadian consumers are expected to spend 17% less this holiday season than in 2021, according to Deloitte Canada’s annual holiday retail out
09 November 2022
Inflation forcing Canadians to tighten belts again
Persistent high inflation is making Canadians return to their pandemic downturn behaviours – including cutting down on non-essentials and trading down to cheaper alternatives.
01 September 2022
Most Canadians thinking about sustainability in holiday purchases
Most Canadians (80%) say they are considering sustainability when making purchasing decisions this holiday season, according to EY’s Future Consumer Index Survey.
26 November 2021
Deloitte: Average holiday shopper expected to boost spending by 31%
Canadians expect to spend an average of $1,841 this holiday season - up 31% from 2020’s $1,405 and up 8% from 2019’s $1,706 - according to Deloitte’s annual Holiday Retail Outlook survey.
28 October 2021
Covid-19 forcing innovation in consumer and retail sector
Covid-19’s impact on consumer behaviour is driving innovation in the consumer industries – including retail, consumer goods, and travel and hospitality – according to a recent study from Accenture.
11 May 2021
Covid-19 depresses Canadians’ holiday budgets, pushes more online
Canadians are projected to tighten their holiday spending budgets and shift more shopping to online channels, according to Deloitte’s annual holiday retail outlook report.
12 November 2020
Le Château files for creditor protection, appoints PwC as monitor
Le Château, a Montreal-based fashion retailer, has filed for creditor protection.
28 October 2020
Things won't go back to 'normal' for retailers, says BDO Canada
The impacts of the Covid-19 pandemic on the retail industry will likely extend beyond the end of the health crisis, according to a recent insight article from BDO Canada.
13 October 2020
Majority of Canadians plan to spend less on non-essential goods
Fifty-five percent of Canadian consumers plan to decrease spending on non-essential goods and services, according to an April survey from EY.
03 September 2020
Grant Thornton helps camera retailer Henry's restructure
Grant Thornton has helped Henry’s, a Toronto-based camera retailer, successfully complete a strategic restructuring.
11 August 2020
Deloitte: Malls will have to become mixed-use destinations post-pandemic
Retailers and mall owners will have to change what malls look like in a challenging post-Covid environment, pivoting to a technology-enhanced, multi-purpose destination, according to a recent report
21 July 2020
Retailers need to rethink customer journey, says PwC
The Covid-19 pandemic is accelerating consumer behavior shifts which were underway even before the crisis hit, according to a recent consumer insights report from PwC Canada.
13 July 2020
KPMG: Customer loyalty goes beyond points programs
Sixty percent of Canadian say points programs aren’t important in keeping the loyal to a brand, according to KPMG.
18 March 2020
CGI acquires French retailer-focused tech consultancy Meti
Montreal-based technology consultancy CGI has acquired Meti Logiciels et Services, a French consultancy specializing in IT solutions for the retail sector.
21 January 2020
Canadians to up holiday spending this season
Canadian shoppers are feeling more optimistic about the economy and their personal finances, and will increase holiday spending by 1.
23 October 2019
International consumers want Canadian goods, PwC finds
There is a strong opportunity for Canadian brands to capitalize of overseas markets, according to a recent report from Big Four consultancy PwC.
08 October 2019
Gen Z stress an opportunity for retail success, finds A.T. Kearney
Gen Z’s heightened concerns about mental and physical health, and higher stress responses to news and social media could unlock potential opportunities for brick and mortar stores, according to a new
23 September 2019
Bath products boutique chain Dans un Jardin shuts down
Thirty-five years after opening in Quebec, Dans un Jardin has filed for bankruptcy.
23 November 2018
Canadians projected to spend more money this holiday season
Canadians will spend $1,563 on average this holiday season, an increase of 3.7% over last year’s purchasing.
10 October 2018
Legal marijuana market set to be worth $4.34 billion in 2019
As recreational marijuana is set to become legal this summer, the industry will be partially thrust out of the black market and onto the shores of legitimate business – and government taxation and re
15 June 2018
Loblaw Companies Ltd. the top-earning Canadian retailer in 2018
In a recent report on the global retailing landscape, Loblaw Companies Limited retains its position as Canada’s largest retailer.
08 June 2018
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