PROSPECTS AND OPPORTUNITIES
Luxury segment offers growth opportunities in department stores
Over the forecast period, general merchandise stores is set to see a similar trajectory to the end of the review period. For example, both variety stores and department stores are projected to see positive retail value (constant 2024 prices) growth.
Expansion into new product categories to increase the appeal of variety stores
Important variety stores like Dollar Tree and Great Canadian Dollar Store are likely to expand further into categories like grocery and personal care retailing in the forecast period. The demand for budget-friendly grocery and personal care options remains high among local consumers.
Variety stores players to balance rising costs with meeting consumer expectations
Variety stores players are set to continue to face the challenge of balancing rising operational and product costs with consumers' expectations for good quality items at low prices. Players will need to find innovative ways to manage supply chain disruptions, such as diversifying suppliers and focusing on more efficient distribution methods.
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Overview:
Understand the latest market trends and future growth opportunities for the General Merchandise Stores industry in Canada with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the General Merchandise Stores industry in Canada, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
The General Merchandise Stores in Canada report includes:
- Analysis of key supply-side and demand trends
- Detailed segmentation of international and local products
- Historic volume and value sizes, company and brand market shares
- Five year forecasts of market trends and market growth
- Robust and transparent research methodology, conducted in-country
This report answers:
- What is the market size of General Merchandise Stores in Canada?
- Which are the leading retailers in General Merchandise Stores in Canada?
- How is the rise of e-commerce and the expansion of modern grocery retail impacting traditional retail?
- How has the impact of COVID-19 and national lockdown impacted consumer demand?
- Which formats have benefited the most from stockpiling and enforced home seclusion?
- How will the wider economic impact of COVID-19 shape the retail landscape in the future?
- Where is future growth expected to be most dynamic?
General Merchandise Stores in Canada - Category analysis
KEY DATA FINDINGS
Department stores struggle to maintain foot traffic amid changing consumer preferences
Variety stores enjoy rising popularity as inflationary pressure fosters price-sensitivity
Store closures and market exits exert strong pressure on department stores
Luxury segment offers growth opportunities in department stores
Expansion into new product categories to increase the appeal of variety stores
Variety stores players to balance rising costs with meeting consumer expectations
Retail in Canada - Industry Overview
Retail in 2024: The big picture
Seamless shopping with the rise of omnichannel experiences in retail in 2024
Health and wellness takes centre stage in 2024
What next for retail?
Informal retail
Opening hours for physical retail
Seasonality
New Year’s Day
Valentine’s Day
Easter
Mother’s Day
Father’s Day
Canada Day
Back-to-School
Thanksgiving
Halloween
Black Friday
Cyber Monday
Christmas
Boxing Day
DISCLAIMER
The following categories and subcategories are included:
General Merchandise Stores
- Department Stores
- Variety Stores
General Merchandise Stores
The aggregation of department stores and variety stores.
See all of our definitionsWhy buy this report?
- Gain competitive intelligence about market leaders
- Track key industry trends, opportunities and threats
- Inform your marketing, brand, strategy and market development, sales and supply functions
This report originates from Passport, our General Merchandise Stores research and analysis database.
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