Although a number of Canadian retailers have recently folded or are downsizing, some are succeeding and growing substantially. We interviewed retail expert Antony Karabus on what some retailers are doing right, and why investing in physical stores and omni-channel will be crucial to retailers seeking success in 2015.
Online retail in Canada is growing 15% this year and expected to grow by 11-13% over the next three years (Source: Forrester), versus bricks-and-mortar’s anticipated current year to date sales growth of under 4% (Source: Retail Council of Canada Fast Facts).
As a result of the minimal brick and mortar growth, the majority of store sales growth for retailers will have to come from capturing market share. Read the rest of the analysis via our friends @Retail – Insider