We’ve all heard the Bricks & Mortar retail complaints about “showrooming.” Someone comes into the store to see, touch and experience the product, only to return home to the Internet to shop the price and buy it elsewhere. Yes it’s true, and a real drag. But what if that same Retailer could use “showrooming” to his or her advantage?
Nextopia created this very interesting infographic on e-commerce in Canada, including its projected sales of $34 billion by the year 2016. Canadians are increasingly shopping online, with sales growing substantially year-over-year. The infographic shows the biggest spenders by province, how many of us shop online, what products we buy, and how we compare to other countries.
Christian Dior's fourth Canadian boutique has opened, modelled on the updated interior of its Paris flagship. Dior will continue its Canadian store expansion by opening a two-level flagship this winter, and the company is in talks to open yet another Canadian flagship as early as next year...
We published thousands of deals last July, which we've analyzed to offer our readers a bit of advice while planning purchases this month. And it's a particularly important month to do so, since a number of sales will appear to be better than they actually are. In order to protect your wallet and spend your money wisely, be sure to read through our July buying guide below for everything you need to know to shop smart this month...
Nordstrom representatives won't yet reveal what restaurants the retailer will operate in its Canadian stores. An astute lawyer may have found the answer, however, while scanning the Canadian Trade-Marks Journal. Nordstrom recently registered the name of a new restaurant concept for use in Canada, and we've got the details...
Every day, retail managers are inundated with numbers: sales, margin, conversion, operational expenses and profitability. The confusion is not helped when the corporate raison d’etre from the higher ups keeps changing from ‘increasing revenue’ to ‘reducing costs’ or ‘increasing brand equity’. In a climate where it’s hard to understand what the actual objective is many retail managers are left scratching their heads as to how to make sound managerial decisions that will guide their stores to success.
Statistics Canada latest retail sales numbers for April 2014 indicate a strong gain, up a seasonally adjusted 1.1% from the previous month. On a not seasonally adjusted basis, the gain was much higher, and up 6.1% from April a year ago. Much of the reason for this however is Easter, which was in April in 2014 but in March last year. A complication is that seasonal adjustment is an estimate based on historical trends which may be off for the current year...
EBay CEO John Donahoe took to the stage at this month's 10th annual Internet Retailer Conference & Exhibition in Chicago to discuss what he calls the "commerce revolution".
The term applies to the many ways consumers shop for products today, including going into a store to buy a product, browsing retail sites during work hours, making a purchase from a tablet while watching television at home, etc.
New Juicy Couture stores will open in Canada in 2015, after the recent closure of all of the brand's stores. The new Juicy locations will be opened by its new parent company, while its previous stores operated under the brand's former owner. Canada's new Juicy Couture stores will be somewhat different than its previous locations, carrying a wider variety of products and some new product categories...
