PROSPECTS AND OPPORTUNITIES
One-stop shopping to continue to win over Canadian consumers to hypermarkets
Steady, if unspectacular, growth is expected for hypermarkets in Canada over the forecast period. Both retail value (constant 2024 prices) sales and the number of outlets are expected to post marginal-to-slight growth rates.
Investments in digital and e-commerce integration to develop the channel
The leading operators in hypermarkets, Wal-Mart Canada and Loblaw, are expected to continue to invest in their digital platforms, leading to the expansion of click-and-collect, home delivery and other online-orientated services. As e-commerce continues to develop and grow as a channel in the market in the forecast period, hypermarkets are set to focus on enhancing their online shopping products, services and experiences to compete with pure e-commerce players.
Store experience enhancements to lure consumers into outlets
To differentiate their offer from other retail formats in the market, the owners of hypermarkets like Northern and Dominion may focus on improving in-store experiences. This could include offering more specialised products and services, such as fresh food preparation, expanded organic sections or in-store promotions aimed at increasing customer engagement and satisfaction.
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Overview:
Understand the latest market trends and future growth opportunities for the Hypermarkets 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 Hypermarkets 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 Hypermarkets 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 Hypermarkets in Canada?
- Which are the leading retailers in Hypermarkets 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?
Hypermarkets in Canada - Category analysis
KEY DATA FINDINGS
Higher demand for one-stop shopping provides a competitive edge for hypermarkets
Strategic expansion plans add dynamism to the competitive landscape
A shift towards online and in-store integration shapes company strategies
One-stop shopping to continue to win over Canadian consumers to hypermarkets
Investments in digital and e-commerce integration to develop the channel
Store experience enhancements to lure consumers into outlets
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
Hypermarkets
Hypermarkets are chained or independent retail outlets with a selling space of over 2,500 square metres and with a focus on selling both grocery and non-grocery merchandise. Hypermarkets are frequently located on out-of-town sites with large parking lots or as the anchor store in a shopping centre. Example brands include Carrefour, E Leclerc, and Walmart Supercenter.
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 Hypermarkets research and analysis database.
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