Employment Canada April 2016
Retail Sales North America March and April 2016By: Paul Young,
CPA, CGA
DisclaimerThis presentation discusses Retail Sales Trends for
North America
Paul Young - Presenter
BioCPA/CGA25 years of experience in Academia, Industry and
Financial solutionsYoutube Channel -
https://www.youtube.com/channel/UCAArky1bAXPSuV2NLtUnyLg
AgendaExecutive SummaryHousing StartsBusiness InventoriesCanada
Retail SalesUSA Retail SalesRetail Store ClosingsUS Expansion to
CanadaSales Tax CollectionRetail PricingGovernment Policies
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Executive SummaryRetail sales were down in nine Canadian
provinces in March, after recording gains in January and February,
according to Statistics Canada. Sales fell 1 per cent $43.8 billion
with declines recorded in 6 of 11 subsectors, representing 74 per
cent of total retail trade. In dollar terms, the largest drop in
sales was a 2.9 per cent decline at motor vehicle and parts dealers
sales at furniture and home furnishing stores were down 3.7 per
cent; sales at gasoline stations were down 1.1 per cent a food and
beverage store sales were down 0.4 per cent. In volume terms,
overall retail sales declined 1.3 per cent.The U.S. Census Bureau
announced today that advance estimates of U.S. retail and food
services sales for April, adjusted for seasonal variation and
holiday and trading-day differences, but not for price changes,
were $453.4 billion, an increase of 1.3 percent (0.5%) from the
previous month, and 3.0 percent (0.7%) above April 2015. Total
sales for the February 2016 through April 2016 period were up 2.8
percent (0.5%) from the same period a year ago. The February 2016
to March 2016 percent change was revised from down 0.4 percent
(0.5%)* to down 0.3 percent (0.2%). Retail trade sales were up 1.4
percent (0.5%) from March 2016, and up 2.7 percent (0.5%) from last
year. Non store retailers were up 10.2 percent (1.2%) from April
2015, while gasoline stations were down 9.4 percent (1.6%) from
last year.
Source:
https://www.thestar.com/business/2016/05/20/weak-auto-furnishing-sales-pull-retail-lower-in-march.html
Source: https://www.census.gov/retail/marts/www/marts_current.pdf
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Housing Starts
CMHCRBC, BNS, TD Bank, BMO
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Business InventoriesU.S. businesses in March posted the biggest
increases in inventories and sales since June. The Commerce
Department said Friday that business inventories rose 0.4 per cent
from February. Sales rose 0.3 per cent. The March increases ended
months of falling sales and inventories. Falling inventories have
been a big drag on the U.S. economy. They trimmed economic growth
by 0.3 percentage point from January through March, reducing the
first-quarter increase to a lacklustre 0.5 per cent annual rate.
Inventories have pulled economic growth lower for three straight
quarters. The March inventory increase could reduce the drag on
growth and lead to somewhat better numbers when the government
revises the first-quarter numbers.
Stats Canada
http://www.canadianbusiness.com/business-news/us-businesses-increase-stockpiles-sales-in-march/7
Canada Retail Sales / March 2016
The largest decrease in dollar terms in March was a 2.9% decline
at motor vehicle and parts dealers. This was largely attributable
to a 3.0% drop at new car dealers, while other motor vehicle
dealers (-5.3%) and used car dealers (-3.7%) also declined.
Conversely, sales at automotive parts, accessories and tire stores
(+2.5%) increased for the fifth time in six months.Following a 3.1%
increase in February, sales at furniture and home furnishings
stores decreased 3.7% in March, as both home furnishings stores
(-6.6%) and furniture stores (-2.0%) reported lower sales. Sales at
gasoline stations (-1.1%) continued their downward trend in March.
Sales in this subsector have declined for nine consecutive months
to reach their lowest level since August 2010.Receipts at food and
beverage stores were down 0.4% in March. Supermarkets and other
grocery stores (-0.4%)specialty food stores (-1.3%) reported lower
sales for the second time in three months. After increasing 3.2% in
February, sales at beer, wine and liquor stores edged down 0.1%,
while convenience store sales were relatively unchanged in
March.
1. Stats Canada 8
US Retail Sales/April 2016
US retail sales in April recorded their biggest increase in a
year as Americans stepped up purchases of automobiles and a range
of other goods, suggesting the economy was regaining momentum after
growth almost stalled in the first quarter.The jump in sales
reported by the Commerce Department on Friday is a boost for the
sector that has been hit by sluggish demand. It comes days after
major retailers, including Macy's and Nordstrom, reported sales
tumbled in the first quarter and lowered their full-year profit
forecasts. "Reports of the consumers' demise appear to be
premature," said Joel Naroff, chief economist at Naroff Economic
Advisors in Holland, Pennsylvania.Retail sales surged 1.3 percent
in April, the largest gain since March 2015, after dropping 0.3
percent the prior month. Excluding automobiles, gasoline, building
materials and food services, retail sales shot up 0.9 percent last
month after an upwardly revised 0.2 percent gain in March.
https://www.census.gov/retail/marts/www/marts_current.pdfhttp://www.reuters.com/article/us-usa-economy-idUSKCN0Y41JL
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Retail Store
Closingshttp://www.cbc.ca/news/business/aeropostale-canadian-closures-1.3565949
Aropostale to close all 41 Canadian stores as it files for
bankruptcy in
U.S.http://www.canadianbusiness.com/business-news/sears-to-close-68-kmart-10-sears-stores-this-summer/Store
closing plans had already been announced by retail chains like
Office Depot, Walgreens, American Eagle Outfitters, and The
Gap.
1.
http://retailindustry.about.com/od/USRetailStoreClosingInfoFAQs/fl/US-2016-Store-Closings-All-Retail-Chain-Store-Locations-To-Be-Closed.htm10
US Retailers expansion to Canada With the arrival of luxury
department stores Saks Fifth Avenue and Nordstrom and other
high-end U.S. chains, Canadian malls may be starting to look a bit
more American. However, competition in the Canadian retail space is
fierce, and these retailers may soon find out that arriving in
Canada is one thing, but staying for the long haul is another.Like
Target learned the hard way, there are several complexities unique
to the Canadian market that make it far different from opening a
store in a new state. Missing the mark on one or a few of these
could create a stumbling block that may be hard to recover from.
Savvy retailers are doing what Ive been calling a measure twice,
cut once approach, Michael LeBlanc, senior vice president,
marketing and digital retail for the Retail Council of Canada,
tells Yahoo Canada Finance. On the outside, Canada looks like the
U.S. from a consumer market, but its not. It has a number of
different elements to it, regulatory, consumer behaviour-wise,
structurally, that are just different.
https://ca.finance.yahoo.com/blogs/insight/american-retailers-are-invading-high-end-canadian-112930171.html
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Sales Tax Collections
CFO.com
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Retail Price Index / Canada
1. Stats Canada 13
Government Policies Cap and Trade / OntarioOntario has passed
legislation creating a cap-and-trade system to fight climate
change, which the government predicts will add $5 a month to home
heating bills and 4.3 cents to the price of a litre of gasoline, or
$8 a month on average. The costs, according to our economists, are
$13 a month, and thats before we consider any of the investments,
said Environment Minister Glen Murray.
1.
http://www.citynews.ca/2016/05/18/ontario-passes-cap-and-trade-bill-raise-heating-and-gas-prices/
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Other Sources:Canada Manufacturing -
https://www.youtube.com/watch?v=Ea-kch0s94E Contact:
[email protected]
