From digital boards to big, bad Amazon: Things to watch in retail in 2017
E-commerce growth, expansion of luxury and discount brands among the expected retail trends
The Canadian Press Posted: Dec 30, 2016 5:00 AM ET Last Updated: Dec 30, 2016 5:00 AM ET
Competition among Canadian retailers continued to heat up this year, with some brands beefing up their physical stores and e-commerce offerings, while new entrants like Saks Fifth Avenue and Uniqlo joined the fray.
Whether it was Saks opening up a Pusateri's food hall in their stores or Hudson's Bay spending more than $60 million to upgrade its Toronto distribution centre with a new robotics system, retailers worked to carve out their place in the cutthroat retail landscape.
But not all retailers have been able to survive, with some like Danier scaling back locations or others like teen clothing chain Aeropostale and jewelry chain Ben Moss closing their doors in Canada for good.
As 2016 nears an end, here are the top retail trends to look forward to in the new year:
Retailers will continue to expand their e-commerce offerings
In 2016, Canadians averaged more than $44 billion in retail sales every month with e-commerce sales accounting for about two per cent, according to Statistics Canada.
Although online sales make up a small proportion of total purchases, retail industry expert Doug Stephens says it's growing at a pace of 15 per cent each year compared with three per cent growth in bricks-and-mortar sales.
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http://www.cbc.ca/news/business/retail-year-end-1.3896065