Many foreign retailers do see parts of the Canadian market as underserved and they think they might be able to come in and take market share, said Craig Patterson, a Canadian retail consultant and editor-in-chief of Retail Insider.
Each year, Patterson tracks the number of new international retailers in Canada. There are usually about 20-25 newcomers, but 2017 saw more than 50. Last year saw more than 30 and Patterson expects 2019 will see the arrival, yet again, of more than 30 new foreign retailers. “Things aren’t slowing down.”
This week, Patterson shared his list with Postmedia of the top five retailers that haven’t set up shop in Canada (yet).
Vancouver fashion retailer JAC by JC plans to re-enter Canada 'in a big way' after opening 110 stores in China. JAC by JC might just be the most successful Canadian fashion retailer currently without a Canadian presence. The Vancouver-based fashion retailer evolved out of Jacqueline Conoir, a 30-year-old label founded by Canadian designer RozeMerie Cuevas. On its website, JAC by JC describes its clothing as merging “Italian sexiness” with “French bohemian” and “North American Rock N’ Roll.”
Rob Wallace explains how leadership changes will help the retailer stay the course as it continues to build its brand. The retailers’ co-operative, now counting more than 1,100 independently owned member stores (with more than $6 billion in annual retail sales), has fresh blood at the helm and recently rejigged the marketing department with the addition of several new hires.
While online shopping—and Amazon in particular—dominate the grocery story in the U.S., just 20% of Canadians say they plan to buy groceries online in the next year, according to new research from PwC.
A round-up of senior-level executive changes you may have missed.
Aurora Cannabis Inc. is reporting 20 per cent higher revenue and a 33 per cent lower net loss for the first three months of 2019 compared with the last quarter of 2018.
Unlike Amazon Prime, shoppers don’t need to pay a membership fee to qualify for free one-day shipping