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Retail Sales| Canada| December 2018
1. Retail Sales – Canada –
December 2018
Paul Young CPA, CGA
February 22, 2019
2. Paul Young - Bio
• CPA, CGA
• Financial Solutions
• SME – Risk Management
• SME – Close, Consolidate and Reporting
• SME – Public Policy
• SME – Financial Solutions
• SME – Supply Chain Management
• SME – Business Strategy and Restructuring
Contact information:
Paul_Young_CGA@Hotmail.com
3. Agenda
• Total Retail Sales by Segment
• Total Retail Sales by Province
• Ecommerce
• Augment Reality and Retail
• Retail closures and bankruptcies
• What happen in 2018
• What’s next
4. Retail Sales by Segment
Source - https://www150.statcan.gc.ca/n1/daily-quotidien/190222/dq190222a-
eng.htm
5. Retail Sales by Province
Source - https://www150.statcan.gc.ca/n1/daily-quotidien/190222/dq190222a-
eng.htm
11. Loblaws / Phone App for scanning purchases
• Scanning application as part of improving the shopping experience.
Source -https://www.cbc.ca/news/business/loblaws-walmart-shop-
and-scan-technology-1.4912024?cmp=rss
12. Retail Closing and Bankruptcies
• Hugo Boss ‘Mink Mile’ Canadian Flagship to Close, J. Crew CF Toronto Eaton Centre to Close, Enda B in
Vancouver Shuts Operations, Boboli Vancouver to Close Men’s Business, Walmart Closing Store at Toronto’s
Cedarbrae Mall, Hopscotch Chain in Receivership
• Source - https://www.retail-insider.com/retail-insider/2019/1/several-prominent-store-closures-in-canada-this-month
14. What happen in 2018 for Retail
• Pot Stores open
• Store closures (Jean Machine and Town Shoes)
• Store openings (Nordstrom Rack, Levis Flagship, Chloé, ASICS, Sport Chek Kids, Casper, William Ashley, and more all opened stores in Canada.
• Hardware (i.e. eCommerce, robotics, etc.)
• Store Expansion (Miniso announced plans to add 500 stores in Canada over the next three years. Uniqlo Canada added four new locations in the fall of
2018. Hudson’s Bay opened its first new store in Canada in 15 years in Montreal. Canada Goose announced three new stores in North America — two in
Canada and one in the United States.
• Canadian grocery sales stopped growing — the start of a grocery “bloodbath”?
– “The bloodbath is here,” wrote Sylvain Charlebois, the dean of the faculty of management at Dalhousie University and a prominent expert on food retail, in an email to media
in July of 2018.
– The “bloodbath” in question was a drop in sales at Canadian grocers — enough to potentially put thousands out of work and close dozens of stores.
– According to Statistics Canada, sales at supermarkets and grocery stores dropped 3.1% in May of 2018, the fourth decline in the past five months.
• Grocery Delivery - 2018 saw the start of on-demand grocery delivery and expansion of click-and-collect services.
– In 2018, nearly all major grocers added grocery delivery services to their offerings, including Costco Canada.
– Walmart Canada announced plans to offer one-hour delivery through a partnership with InstaCart.
– Loblaw Companies Limited planned to expand its pick-up services to 500 more locations in 2018.
– Sobeys announced a partnership with Ocado Group.
http://storesupport.ca/canadian-retail-news-of-2018/
15. What’s next for Retailers November 2018 and
beyond
• More and more retailers will expand their eCommerce footprint. Areas of focus
will improve the customer shopping experience either via the website or
through the use of Augment Reality
• Consumers pocketbooks will be impacted by CPP hikes
(https://torontosun.com/news/national/92-of-middle-class-families-face-tax-
hike-over-2200-beginning-in-2019-fraser-institute) and Carbon tax
(https://www.cbc.ca/news/canada/new-brunswick/carbon-tax-federal-
government-province-1.4875848)
• More and more retailers will revisit their operations, i.e. # of stores, locations as
part of looking at more efficient ways to improve their hub and spoke delivery
of their goods and services.