GITNUX MARKETDATA REPORT 2024

The Most Surprising Canada Retail Industry Statistics And Trends in 2024

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Welcome to our blog post about the Canadian retail industry. We will be exploring some of the most recent statistics on this sector, including its total market value in 2020, eCommerce share of sales, grocery market size and more. Additionally, we’ll look at employment figures for clothing stores as well as revenue generated by restaurants and caterers. Finally, we’ll examine digital purchase trends among internet users in Canada along with apparel and jewelry store retail sales. Let’s dive into these fascinating facts about the Canadian retail industry.

The Most Important Statistics
The Canadian retail market was valued at approximately 515 billion Canadian dollars in 2020.

This statistic is a testament to the sheer size and scope of the Canadian retail market. It serves as a reminder of the immense potential of the industry and the opportunities it presents for businesses and consumers alike. It also highlights the importance of the retail sector to the Canadian economy, as it contributes significantly to the country’s GDP.

The eCommerce share of total retail sales in Canada was 18.2% in 2020.

This statistic is a telling indication of the growing importance of eCommerce in the Canadian retail industry. It shows that the digital shopping experience is becoming increasingly popular among Canadians, and that retailers must take steps to ensure they are providing a seamless online shopping experience to their customers. This statistic is a key indicator of the changing landscape of the Canadian retail industry, and is essential for understanding the current state of the industry.

Canada Retail Industry Statistics Overview

In 2021, the grocery retail market in Canada is expected to reach approximately 117 billion Canadian dollars

This statistic is a testament to the immense potential of the Canadian retail industry. It highlights the fact that the grocery retail market in Canada is expected to experience significant growth in 2021, indicating that the industry is thriving and has a bright future ahead. This is an important piece of information for anyone interested in the Canadian retail industry, as it provides insight into the current state of the market and its potential for growth.

The Canadian home furnishings and appliances retail market was valued at more than 64 billion Canadian dollars in 2019

This statistic is a testament to the immense size and scope of the Canadian home furnishings and appliances retail market. It highlights the fact that this sector is a major contributor to the Canadian economy, and that it is an important source of employment and revenue for many businesses. It also serves as a reminder of the importance of this industry in the lives of Canadians, and the need to ensure that it remains a vibrant and successful part of the Canadian economy.

In 2020, there was approximately $42 billion in revenue for restaurants, caterers, and drinking establishments in Canada

This statistic is a testament to the immense size of the restaurant, catering, and drinking establishments industry in Canada. It highlights the importance of this sector to the Canadian retail industry, and the significant contribution it makes to the economy. It also serves as a reminder of the impact the pandemic has had on the industry, with revenue dropping significantly from the previous year.

As of January 2021, there were about 141 thousand people employed in clothing stores in Canada

This statistic is a telling indication of the importance of the clothing retail industry in Canada. It shows that the industry is a major employer, providing jobs to a significant portion of the population. This is an important factor to consider when discussing the overall health of the Canadian retail industry.

In December 2020, the retail sales volume in Canada was approximately 14.7% higher than the level seen in February, before the COVID-19 pandemic began

This statistic is a testament to the resilience of the Canadian retail industry in the face of the COVID-19 pandemic. Despite the economic downturn, the retail sales volume in Canada was able to increase by 14.7% from February to December 2020. This is a remarkable achievement and speaks to the strength of the Canadian retail industry.

Canadian online retail sales reached approximately 42 billion Canadian dollars in 2020

This statistic is a testament to the strength of the Canadian retail industry in 2020, despite the challenges posed by the pandemic. It shows that Canadians are still willing to shop online, and that the industry is resilient in the face of adversity. This statistic is an important indicator of the health of the Canadian retail industry, and provides valuable insight into the current state of the industry.

In 2019, the most popular online retail and e-commerce platform in Canada was Amazon, which had a 29.3% market share

This statistic is a crucial piece of information when it comes to understanding the Canadian retail industry. It reveals that Amazon is the leading online retail and e-commerce platform in the country, with a significant market share of 29.3%. This indicates that Amazon is a major player in the Canadian retail industry, and its influence should not be underestimated. Furthermore, this statistic can be used to compare the performance of other online retail and e-commerce platforms in Canada, and to identify potential areas of growth.

In 2021, it is predicted that approximately 63.4% of Canadians will purchase at least one item through a retail store mobile app

This statistic is indicative of the growing trend of Canadians turning to mobile apps for their retail needs. It speaks to the increasing popularity of mobile shopping, and the potential for retailers to capitalize on this trend. As such, it is an important statistic to consider when discussing the current state of the Canadian retail industry.

In 2020, the largest Canadian retailer based on market capitalization was Alimentation Couche-Tard, Inc., worth around 50.04 billion Canadian dollars

This statistic is a testament to the success of Alimentation Couche-Tard, Inc. in the Canadian retail industry. With a market capitalization of 50.04 billion Canadian dollars, it is clear that the company has established itself as a leader in the industry and is a prime example of the potential for success in the Canadian retail market.

In 2021, Canadian retail sales are expected to grow by 4.5%

This statistic is a clear indication that the Canadian retail industry is on the rise. It shows that despite the challenges posed by the pandemic, the industry is still growing and is expected to continue to do so in 2021. This is great news for businesses in the retail sector, as it means that they can look forward to increased sales and profits. Furthermore, it is a sign that the Canadian economy is recovering from the effects of the pandemic, which is a positive sign for the entire country.

There were 91.8 thousand retail units in Canada in Q1 2021

This statistic is a telling indication of the health of the Canadian retail industry. It shows that despite the challenges posed by the pandemic, the industry is still going strong with 91.8 thousand retail units in operation. This is a testament to the resilience of the Canadian retail sector and its ability to adapt to changing circumstances.

The average total sales per square foot for non-anchor tenants in Canadian shopping centers in 2020 was 573.37 Canadian dollars

This statistic is a valuable insight into the Canadian retail industry, providing a snapshot of the average total sales per square foot for non-anchor tenants in 2020. It is an important indicator of the health of the retail sector, as it reflects the amount of money being generated by these tenants in the current economic climate. This data can be used to inform decisions about where to invest in retail space, as well as to assess the performance of existing tenants. Furthermore, it can be used to compare the performance of different shopping centers and to identify areas of potential growth.

The average Canadian per capita spending on retail store and online purchases was 14,785 Canadian dollars in 2019

This statistic is a telling indication of the strength of the Canadian retail industry. It shows that Canadians are spending a significant amount of money on retail purchases, both in-store and online, which is a positive sign for the industry. This statistic is also important for understanding the overall economic health of the country, as consumer spending is a major driver of economic growth.

In 2020, the Canadian App Store revenue for the shopping app category was about 3.2 million U.S. dollars

This statistic is a telling indication of the success of the Canadian retail industry. It shows that the shopping app category in the Canadian App Store was able to generate a substantial amount of revenue in 2020, demonstrating the strength of the Canadian retail industry.

More than 80% of internet users in Canada will make at least one digital purchase in 2021

This statistic is a clear indication that the Canadian retail industry is on the cusp of a digital revolution. It shows that the majority of internet users in Canada are ready to embrace the convenience of digital purchases, which could have a significant impact on the retail industry in 2021. This could mean more online sales, more efficient customer service, and more opportunities for businesses to reach a wider audience.

Apparel retail sales in Canada were approximately 29.2 billion Canadian dollars in 2019

This statistic is a telling indication of the strength of the Canadian retail industry. It demonstrates that the sector is thriving, with apparel retail sales reaching a staggering 29.2 billion Canadian dollars in 2019. This figure is a testament to the success of the Canadian retail industry and provides a valuable insight into the current state of the market.

The Canadian jewelry and accessory store retail sales reached about 9.4 billion Canadian dollars in 2019

This statistic is a shining example of the success of the Canadian jewelry and accessory store retail industry. It demonstrates that the industry has seen a steady increase in sales over the years, and is a testament to the strength of the Canadian retail industry as a whole. This statistic is an important indicator of the health of the Canadian retail industry, and provides valuable insight into the current state of the industry.

Conclusion

The Canadian retail industry is a thriving and dynamic sector that has seen significant growth in recent years. In 2020, the total value of the market was estimated to be 515 billion Canadian dollars, with eCommerce accounting for 18.2% of sales. The grocery retail market is expected to reach 117 billion Canadian dollars in 2021 while home furnishings and appliances are valued at 64 billion Canadian dollars as of 2019. Restaurants, caterers, and drinking establishments generated 42 billion in revenue last year while clothing stores employed 141 thousand people as of January 2021. Retail sales volume increased by 14.7% from February 2020 when the pandemic began until December 2020 due to online shopping which reached 42 million CAD during this period alone; Amazon had a 29.3% share on these purchases followed by Walmart’s 6%. It is predicted that 63 percent Canadians will purchase items through mobile apps this year while per capita spending on digital purchases amounted to 14785 CAD in 2019 with apparel being one of its main categories (29200 million). Finally, App Store revenues for shopping apps were 320000 USD last year indicating an increase since 80 percent internet users plan on making digital purchases throughout 2021 according to estimates made by eMarketer Canada . All things considered it can be said that despite some challenges posed by COVID-19 restrictions such as store closures or reduced hours ,the future looks bright for Canada’s retail industry given its current performance indicators

References

0. – https://www.statista.com

1. – https://www.goemerchant.com

2. – https://www.emarketer.com

3. – https://www.eulerhermes.com

4. – https://www.50.statcan.gc.ca

FAQs

What is the total revenue generated by the Canada Retail Industry in 2020?

In 2020, the Canada Retail Industry generated total revenue of approximately 566 billion Canadian dollars.

What is the current growth rate of the Canada Retail Industry?

As of 2021, the Canada Retail Industry is experiencing a growth rate of around 4.6%.

Which retail sector in Canada has the highest market share?

The food and beverage sector holds the highest market share in the Canadian Retail Industry, accounting for about 37% of the total retail sales.

How has e-commerce impacted the Canada Retail Industry?

E-commerce has significantly impacted the Canada Retail Industry, with online sales experiencing rapid growth in the past few years. In 2020, e-commerce retail sales reached approximately 43 billion Canadian dollars, accounting for around 7.6% of the total retail trade.

What is the employment rate in the Canada Retail Industry?

As of 2021, the Canada Retail Industry employs around 2.1 million people, making it one of the largest employment sectors in the country.

How we write our statistic reports:

We have not conducted any studies ourselves. Our article provides a summary of all the statistics and studies available at the time of writing. We are solely presenting a summary, not expressing our own opinion. We have collected all statistics within our internal database. In some cases, we use Artificial Intelligence for formulating the statistics. The articles are updated regularly.

See our Editorial Process.

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