There were early morning lineups across the country in some big malls. The West Edmonton Mall in Edmonton Alberta and the Eaton Centre in Toronto all had lineups as shoppers waited to snatch bargains in many areas including electronics and clothing.
The Yorkdale Shopping Center in Toronto expect up to 100,000 to shop today. In some of the Atlantic provinces however big store cannot open because of local laws governing the Boxing Day holiday. There were a lot of deals Xmas Eve especially on line. This may mean lower sales for Boxing Day sales. Also, this year a lot of Canadians were lured into purchasing items on Black Friday.
However sales of many electronic items have dropped from last year's volumes and this may mean that some Canadian consumers are waiting for the traditional Boxing Day sales. The lineups at the Eaton Centre in Toronto saw 500 people in line at 6 AM this morning! Wide screen TV's were among the discounted items and they were bought by many. Canadians are already very much in debt but being patriotic they continue to ensure that the economy does not go into depression!
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Showing posts with label Canada retail sales. Show all posts
Showing posts with label Canada retail sales. Show all posts
Monday, December 26, 2011
Monday, February 23, 2009
Canadian December Retail Sales drop 5.4 percent
This is from the CP.
It seems that Canada is less immune from the global recession than was first thought. Only last fall Flaherty was telling us how well off Canada was. At least he has dropped all that and adopte a more realistic stance. However his stimulus package is relatively small and it is not clear how much it will achieve.
December retail sales suffer biggest monthly drop in over 15 years
1 hour ago
OTTAWA — Widespread declines in all sectors pushed retail sales down 5.4 per cent in December to $33 billion - the largest monthly decline in over 15 years.
Statistics Canada says three-quarters of the December retail decline was rooted in the automotive sector, without which retail sales fell 1.8 per cent. In volume terms, the agency says retail sales fell 4.1 per cent, mostly reflecting a large reduction in unit sales of motor vehicles at new-car dealers.
The automotive sector posted, by far, the largest monthly decline in December, with sales falling 12.7 per cent, mostly on a 15.1 per cent sales decline at new-car dealers, who suffered their largest monthly drop in sales numbers since January 1998.
Sales at gasoline stations fell 11.7 per cent in December, and have dropped 28.8 per cent since September 2008, largely reflecting falling prices at the pump.
In non-automotive retailing, the largest decline in December was in building and outdoor home supplies, where retail sales fell 5.6 per cent.
Significant monthly decreases were also registered in sectors traditionally associated with holiday shopping.
Sales in the clothing and accessories stores sector fell 3.7 per cent in December, continuing several months of declines. Sales at furniture, home furnishings and electronics stores and miscellaneous retailers (such as sporting goods and book stores) declined by more than two per cent. Sales at general merchandise stores fell 0.4 per cent.
Retail sales fell by at least three per cent in all provinces in December, with the largest decline coming in Alberta, at 6.2 per cent. Ontario retail sales fell six per cent.
Countrywide, retail sales increased 3.2 per cent to $425.3 billion in 2008, following gains of 5.8 per cent in 2007 and 6.4 per cent in 2006. In volume terms, retail sales rose 2.9 per cent in 2008, compared with 5.2 per cent in 2007.
It seems that Canada is less immune from the global recession than was first thought. Only last fall Flaherty was telling us how well off Canada was. At least he has dropped all that and adopte a more realistic stance. However his stimulus package is relatively small and it is not clear how much it will achieve.
December retail sales suffer biggest monthly drop in over 15 years
1 hour ago
OTTAWA — Widespread declines in all sectors pushed retail sales down 5.4 per cent in December to $33 billion - the largest monthly decline in over 15 years.
Statistics Canada says three-quarters of the December retail decline was rooted in the automotive sector, without which retail sales fell 1.8 per cent. In volume terms, the agency says retail sales fell 4.1 per cent, mostly reflecting a large reduction in unit sales of motor vehicles at new-car dealers.
The automotive sector posted, by far, the largest monthly decline in December, with sales falling 12.7 per cent, mostly on a 15.1 per cent sales decline at new-car dealers, who suffered their largest monthly drop in sales numbers since January 1998.
Sales at gasoline stations fell 11.7 per cent in December, and have dropped 28.8 per cent since September 2008, largely reflecting falling prices at the pump.
In non-automotive retailing, the largest decline in December was in building and outdoor home supplies, where retail sales fell 5.6 per cent.
Significant monthly decreases were also registered in sectors traditionally associated with holiday shopping.
Sales in the clothing and accessories stores sector fell 3.7 per cent in December, continuing several months of declines. Sales at furniture, home furnishings and electronics stores and miscellaneous retailers (such as sporting goods and book stores) declined by more than two per cent. Sales at general merchandise stores fell 0.4 per cent.
Retail sales fell by at least three per cent in all provinces in December, with the largest decline coming in Alberta, at 6.2 per cent. Ontario retail sales fell six per cent.
Countrywide, retail sales increased 3.2 per cent to $425.3 billion in 2008, following gains of 5.8 per cent in 2007 and 6.4 per cent in 2006. In volume terms, retail sales rose 2.9 per cent in 2008, compared with 5.2 per cent in 2007.
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