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Retail Sales Canada February 2016
Retail Sales Canada February 2016By: Paul Young, CPA, CGA
DisclaimerThis presentation discuss Retail Sales and Trends for Canada
Paul Young - Presenter
BioCPA/CGA25 years of experience in Academia, Industry and Financial solutionsYoutube Channel - https://www.youtube.com/channel/UCAArky1bAXPSuV2NLtUnyLg
AgendaRetail Sales February 2016Retail Sales by ProvinceCPI IndexRetail Sales PricingRetail Stores ClosuresRetail Stores ExpansionOnline Retailing
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Retail Sales Trend Canada February 2016
Key InfoAutomotive and food account for 47% of the Retail salesStrong Retail sales likely mean a strong GDP for Q12016
Stats Canada5
Retail Sales by Province
Stats Canada 6
Housing Re-Sales Canada
http://www.gbm.scotiabank.com/English/bns_econ/housingflash.pdf 7
CPI Index
Stats Canada8
Retail pricing
http://www.statcan.gc.ca/tables-tableaux/sum-som/l01/cst01/econ155a-eng.htm9
Retail Stores/ClosuresMontreal-basedLe Chateau plans to close 14 stores this year and even more in the years ahead as the fashion chain "recalibrates"its brand amid a changing retail environment. The clothier, which sells both men's and women's garments and accessories,made the announcement in its fourth-quarter results, which includethe period up to the end of January.
http://www.cbc.ca/news/business/le-chateau-earnings-1.3540573http://www.theguardian.com/business/2016/apr/12/co-op-steps-up-closures-earmarking-300-stores 10
Retail Stores/ExpansionGrocery chain Loblaw Companies Ltd. plans to build several dozen stores and also renovate more than 100 this year in a move that should add more than 5,000 jobs in the new stores when all is said and done. The company says it will build roughly 50 new stores and renovate 150 existing ones, including projects that started in January.Yorkdale, Canadas most successful shopping centre, today announced the opening date of its new 300,000 square foot, $331 million expansion. The newest wing will feature a 112,000 square foot corridor with approximately 30 stores that will be open to the public on Tuesday, October 18, 2016. The 188,000 square foot Nordstrom will open its doors that same week on October 21st.
http://www.cbc.ca/news/business/loblaw-expansion-1.3531578http://www.yorkdale.com/centre-info/expansion-2016/11
Online / eCommerceThe online fashion retail market in the US for apparel, footwear, and accessories was valued at close to USD 92.02 billion in 2015. With e-retailers providing more security features for online payments, free delivery, improved online customer service, and customer-friendly, easy-to-navigate shopping websites, a growing number of consumers are likely to use these portals in the next five years. In 2015, the estimated average online shopping revenue in the US was around USD 1800, growing at around 19.50%. Heavy discounts and end-of-season sales contribute largely to the online fashion retail market, said Brijesh Kumar Choubey, one of Technavios lead industry analysts forretail goods and services.Technavios market research study identifies the following four emerging trends expected to propel the growth of the online fashion retail market in the US:Omni-channel retailingCustomization of productsEmergence of luxury fashion in online fashionVisual commerce trend
http://www.businesswire.com/news/home/20160422005037/en/Technavio-Announces-Top-Trends-Online-Fashion-Retail
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Online/Canada
1. http://www.pwc.com/ca/en/media/release/2016-03-23-total-retail-report.html
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Online / eCommerceThe online fashion retail market in the US for apparel, footwear, and accessories was valued at close to USD 92.02 billion in 2015. With e-retailers providing more security features for online payments, free delivery, improved online customer service, and customer-friendly, easy-to-navigate shopping websites, a growing number of consumers are likely to use these portals in the next five years. In 2015, the estimated average online shopping revenue in the US was around USD 1800, growing at around 19.50%. Heavy discounts and end-of-season sales contribute largely to the online fashion retail market, said Brijesh Kumar Choubey, one of Technavios lead industry analysts forretail goods and services.Technavios market research study identifies the following four emerging trends expected to propel the growth of the online fashion retail market in the US:Omni-channel retailingCustomization of productsEmergence of luxury fashion in online fashionVisual commerce trend
http://www.businesswire.com/news/home/20160422005037/en/Technavio-Announces-Top-Trends-Online-Fashion-Retail
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