3. Paul Young - Presenter
Bio
• CPA/CGA
• 25 years of experience in Academia, Industry and Financial solutions
• Youtube Channel -
https://www.youtube.com/channel/UCAArky1bAXPSuV2NLtUnyLg
4. Agenda
• Retail Sales – February 2016
• Retail Sales by Province
• CPI Index
• Retail Sales Pricing
• Retail Stores – Closures
• Retail Stores – Expansion
• Online Retailing
5. Retail Sales Trend – Canada – February 2016
Key Info
• Automotive
and food
account for
47% of the
Retail sales
• Strong Retail
sales likely
mean a strong
GDP for
Q12016
10. Retail Stores/Closures
• Montreal-based Le 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 include the period
up to the end of January.
11. Retail Stores/Expansion
• Grocery 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, Canada’s 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.
12. Online / eCommerce
• The 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
Technavio’s lead industry analysts for retail goods and services.
• Technavio’s 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 retailing
• Customization of products
• Emergence of luxury fashion in online fashion
• Visual commerce trend
14. Online / eCommerce
• The 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
Technavio’s lead industry analysts for retail goods and services.
• Technavio’s 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 retailing
• Customization of products
• Emergence of luxury fashion in online fashion
• Visual commerce trend